Judge approves sale of Relativity TV business to lenders

Business / Business News /

NEW YORK -- A bankruptcy judge Tuesday approved a plan to sell the television assets of Relativity Media to a group of secured creditors, giving founder Ryan Kavanaugh a chance to reorganize the rest of the company.

Judge Michael E. Wiles, of the U.S. Bankruptcy Court in New York, approved the deal. A hearing is scheduled for Oct. 14 to decide ...Read more

Justices disagree in case involving DirecTV class-action lawsuit

Business / Business News /

WASHINGTON -- The Supreme Court's conservative justices have long been skeptical of class-action lawsuits that may be profitable for trial lawyers but can be costly to companies.

Judges in California have leaned the other way, fearing consumers and employees will be shortchanged if they cannot sue as a class.

This long-running East Coast-West ...Read more

The global economy is slowing as emerging markets struggle

Business / Business News /

WASHINGTON -- The global economy is slowing down.

The International Monetary Fund on Tuesday lowered its forecast for worldwide growth as a deceleration in China and other emerging markets is offsetting modest gains in the United States and developed nations.

The global economy will expand 3.1 percent this year, down from 3.4 percent last year...Read more

Reddit launches Upvoted, a stand-alone site for original content

Business / Business News /

Online community Reddit on Tuesday launched Upvoted, a stand-alone website to house original content inspired by or related to posts from the expansive online forum.

In a post published to Upvoted, Reddit co-founder Alexis Ohanian described the new site as a "hub to give the stories of Reddit -- from the seemingly ordinary to extraordinary -- ...Read more

Don't call it ABC Family anymore: Network is changing its name

Business / Business News /

It's the sort of reveal that might draw more bewildered reactions than finding out who "A" is on "Pretty Little Liars": ABC Family is changing its name.

Starting in January, the Disney-owned cable network will drop its current name and take on the moniker Freeform.

Network president Tom Ascheim said brand perception among its target audience -...Read more

Microsoft unveils Surface Book, other new Windows 10 products

Business / Business News /

NEW YORK -- Microsoft moved deeper into the hardware business, introducing Surface Book, the first laptop the company has ever built.

The device was one of several the Seattle-area company unveiled Tuesday at a media event as part of an effort to jumpstart adoption of Microsoft's hardware, from tablets to smartphones.

Microsoft invited a few ...Read more

Wall Street shows interest in possible Lionsgate, Starz merger

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LOS ANGELES -- Lionsgate and Starz shares opened higher Tuesday as Wall Street expressed enthusiasm for a potential merger between the two companies.

Lionsgate topped $40 a share in morning trading -- near an all-time high. Its shares then settled in around $39 a share. Starz shares opened higher before erasing much of its gains. By mid-morning...Read more

Biggest banks battle to keep fed pot of gold out of highway bill

Business / Business News /

WASHINGTON -- Wall Street is desperately trying to persuade U.S. House lawmakers to kill a proposal that would use money from banks to fix the nation's highways. A key concern is that once Congress taps the finance industry to help fund infrastructure projects, it won't be able to stop.

At stake is an annual dividend of 6 percent the banks ...Read more

As exports fall, US trade deficit balloons to five-month high

Business / Business News /

WASHINGTON -- The rising value of the dollar and the slowing global economy caused exports to drop in August, pushing the U.S. trade deficit to its widest level in five months.

The nation imported $48.3 billion more in goods and services than it exported in August, a nearly 16 percent increase from the previous month's deficit, the Commerce ...Read more

Walkouts loom as UAW-Fiat Chrysler talks sour

Business / Business News /

DETROIT -- Discussions between the UAW union and Fiat Chrysler Automobiles aimed at restructuring a tentative agreement overwhelmingly rejected by workers have reached a critical juncture with the union issuing a strike notice.

The strike notice came as two people familiar with the talks told the Detroit Free Press that negotiations had, at ...Read more

Microsoft fills a hole, unveils its first laptop

Business / Business News /

Microsoft Corp. is of two minds.

The company says its new Surface Pro 4 tablet can "absolutely" replace a laptop. Its new Lumia phones can work "like PCs" too.

Yet Microsoft on Tuesday said it has built a laptop for the first time -- a laptop that's, well, capable of being a tablet.

The Surface Book laptop appears to be an acknowledgement ...Read more

Twitter launches 'Moments' to curate tweets

Business / Business News /

Twitter is on a feature launch roll, with the social network releasing a "Moments" feature Tuesday, which curates and promotes popular tweets.

The feature, which is now available both on the desktop and mobile versions of the platform, appears as a tab between a user's notifications and messages. When users click or tap on the tab, they're ...Read more

Your Office Coach: How to defeat favoritism

Business / Business News /

Q: Two years ago, our department got a new director who came from another business. "Rick" gradually brought in more employees from his previous company, and they now make up a rather large group. These people all enjoy socializing and often attend parties and ballgames together.

After awhile, I began to notice that Rick's friends seemed to be ...Read more

Balancing Act: Pope's call for strong families stirs reflection on US workplaces

Business / Business News /

When Pope Francis made his historic trip through the U.S. last month and sent a message that strong families are the foundation of a healthy society, he left me to ponder the predicament America finds itself in.

Can strong families and successful companies co-exist? Can we raise our children with values, break the cycle of poverty and care for ...Read more

A job interview on a Ferris wheel? Um, OK

Business / Business News /

CHICAGO -- As if job interviews weren't stomach-churning enough, imagine sitting through one while looping around a giant Ferris wheel.

Last month, top executives from ad agency Havas Worldwide commandeered six gondolas of the Ferris wheel at Chicago tourist hotspot Navy Pier to interview job candidates for several dozen positions, giving each ...Read more

How to be an inspirational leader

Business / Business News /

CHICAGO -- A small cluster of stones on Maggie Birk's desk remind the consultant what she does best.

Responsibility, reads one stone. Emotional expression, reads another. Balance, reads a third.

The stones, tucked under Birk's computer monitor at Bain's Chicago office, physically represent her metaphorical rock pile: the natural strengths Birk...Read more

Liz Reyer: Going offline just might be cure for crankiness

Business / Business News /

Q: Lately I seem to be irritable at work all the time. The smallest things bug me, and I don't enjoy things or people I used to. It's somewhat the same at home. I have trouble focusing, too. What can I do?

A: Find ways to slow down so that you can savor each moment. Then the distractions will have less impact.

One great way to slow down? Get ...Read more

United CEO talks coffee, bag fees and lousy flights

Business / Business News /

CHICAGO -- Like many United fliers in recent years, Oscar Munoz was recently on a lousy flight to Chicago.

It was Labor Day, just after his daughter got married and just before he took over as CEO of the airline. He was in the seat he always seems to get, 22A, on a cramped 50-seat regional jet. Two people were denied boarding because the flight...Read more

Diane Stafford: How not to apply for a job

Business / Business News /

A job hunter offered to come in for an interview because she was "needing a daytime job to fill my time."

She will not be hearing back.

The applicant, a young adult, may well be reliable and honest, as she wrote in her email to a business owner. But there was nothing in her attached resume to indicate she was remotely experienced in -- or even...Read more

Rex Huppke: Women are underrepresented at work, and yes, there are ways to fix it

Business / Business News /

Workplaces are awash in statistics. Surveys and studies pop up weekly on every issue imaginable -- diversity, health, engagement and job satisfaction, to name a few.

I approach such data with reasonable suspicion, not because I doubt the validity of the reports but because they are, to paraphrase Shakespeare, full of words and numbers, ...Read more