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Trump wants to raise his own taxes, but would he kill popular real estate tax break?

Business / Business News /

WASHINGTON --Donald Trump, who built his fortune in real estate, said this past week that he wants to raise his own taxes. One way to do it is a bipartisan proposal that would blow up one of the real estate industry's favorite tax breaks.

The break, known as the like-kind exchange or "1031" for the tax code section it comes from, lets real ...Read more

Twitter sets employee diversity targets

Business / Business News /

The Twitter workforce is 34 percent female. By next year, the social media site wants to boost that number to 35 percent.

The modest goal is among several diversity objectives at Twitter that the tech company announced Friday, marking its first time publicly pledging targets.

"We're holding ourselves accountable to these measurable goals, as ...Read more

China's market missteps tripping up others

Business / Business News /

BEIJING -- Not long ago, global markets were fixated on a nation in the throes of financial upheaval. Its equities markets were crumbling, its debts sky-high. Media pundits, investors and foreign governments began to question the long-term viability of its political-economic model.

Sound familiar? That country was the U.S., and the year was ...Read more

Tensions rise as steel talks approach deadline

Business / Business News /

MINNEAPOLIS -- Tensions are high in steel country.

On Tuesday, labor contacts expire for 30,000 American steelworkers -- including 2,300 on Minnesota's Iron Range, an area recently stung by 1,400 layoffs and some of the worst industry conditions in decades.

Bargaining in Pittsburgh has turned contentious in recent weeks, creating the ...Read more

Defense Secretary Ashton Carter courts tech leaders in Silicon Valley

Business / Business News /

MOFFETT FEDERAL AIRFIELD, Calif. -- Defense Secretary Ashton Carter touched down Friday at Moffett Federal Airfield for his second appearance in four months to reassure Silicon Valley that the Pentagon views the region as an essential part of national defense.

He announced that the Pentagon is investing $75 million in a consortium of 162 ...Read more

Mylan shareholders back Perrigo takeover

Business / Business News /

PITTSBURGH -- Mylan shareholders on Friday approved the generic drug maker's proposed acquisition of the Perrigo Co. and authorized Mylan's plans to issue shares to complete the hostile transaction. Mylan said it soon will ask Perrigo shareholders to tender their shares to Mylan as part of the proposed takeover.

Ireland-based Perrigo, which ...Read more

Key Apple Music executive Ian Rogers is leaving the company

Business / Business News /

Ian Rogers, a key figure in Apple's new streaming music service, is leaving the company.

Rogers was the chief executive of Dr. Dre and Jimmy Iovine's Beats Music. He joined Apple last year when the Cupertino, Calif., tech giant bought Beats Music and headphone maker Beats Electronics for $3 billion.

An Apple representative confirmed Rogers' ...Read more

Keyless ignition deaths mount as regulators and auto manufacturers are slow to act

Business / Business News /

WASHINGTON -- As Ray Harrington lay dead on the third floor of his North Carolina condominium, the popular professor of criminal justice at Pfeiffer University unintentionally began teaching his final lesson. This time his students would extend well beyond the classroom, and the lesson would cover ongoing safety threats from vehicles equipped ...Read more

Ashley Madison CEO steps down

Business / Business News /

The chief executive of dating website Ashley Madison is resigning, parent company Avid Life Media Inc. said Friday, following a hack that revealed millions of user names meant to be kept secret.

Noel Biderman founded the site in 2002 to make it easier for married people to find other married people to have affairs with.

In regular media ...Read more

US stocks drift lower at opening after two days of massive gains

Business / Business News /

U.S. stock prices drifted lower in opening trading Friday, the first calm start this week after four days of massive swings in the market.

The Dow Jones industrial average, which had soared nearly 1,000 points in the last two days after being pummeled early this week, slipped 64.94 points, or 0.4 percent, to 16,589.83.

The Standard & Poor's ...Read more

China's stimulus measures give stocks a boost

Business / Business News /

BEIJING -- Asian stocks rose Friday, as Thursday gains in China's stock market and a rally in the U.S. eased concerns that China's slumping economy would seriously impact global growth.

China's benchmark index, the Shanghai Composite, rose 4.82 percent to 3,232.35 points on Friday; Hong Kong's Hang Seng finished at 21,612.39, down 1.04 percent ...Read more

China's stimulus measures give stocks a boost

Business / Business News /

BEIJING -- Asian stocks rose Friday, as Thursday gains in China's stock market and a rally in the U.S. eased concerns that China's slumping economy would seriously impact global growth.

China's benchmark index, the Shanghai Composite, rose 4.82 percent to 3,232.35 points on Friday; Hong Kong's Hang Seng finished at 21,612.39, down 1.04 percent ...Read more

Larry Printz: You don't need to spend a lot to get a great ride

Business / Business News /

You know the drill. You're out to buy a new car or truck, just aching for that new ride, but then you check your finances. Sigh. Looks like you might have to bike to work.

But don't despair. There is an answer.

Any buyer can get the essence of a high-priced ride without the price tag if he knows which vehicles to consider. Some spendier rides ...Read more

'Spy car' worries raised by new Allstate patent

Business / Business News /

CHICAGO -- If, while driving, you were also chowing down food, yakking on your phone or getting distracted by Bella the Labrador retriever, would your insurance company know?

A patent issued in August to Allstate mentions using sensors and cameras to record "potential sources of driver distraction within the vehicle (e.g. pets, phone usage, ...Read more

More new vehicles get forward-crash prevention systems

Business / Business News /

More cars are coming equipped with robotic functions that protect drivers from front-end crashes with other vehicles or objects, which could result in fewer crashes and lower insurance rates for drivers.

The Insurance Institute for Highway Safety said 52 percent of the 784 new vehicle models come with technology that alerts a driver to a ...Read more

Auto review: Design elevates 2016 Lincoln MKX 2.7-liter AWD

Business / Business News /

A stunning interior elevates the 2016 Lincoln MKX Black Label SUV (I give it three out of four stars), the latest step in Lincoln's long march back toward relevance in the luxury-car market.

The new MKX has a roomy and luxurious interior, especially in Black Label livery, Lincoln's new premium trim designation. It's also comfortable and fuel ...Read more

Auto review: Compact Buick Encore crossover offers style, comfort, versatility for the family

Business / Business News /

The Buick Encore is a small luxury crossover with style, comfort, versatility and adaptability to fit many busy lifestyles, from parents of small children to empty nesters and grandparents.

It's offered in four trim levels – Encore, Convenience, Leather and Premium – priced from $24,065 to $29,450 for front-wheel drive models; add $1,500 to...Read more

Under the Hood: How do today's 'performance' modes compare to those of old?

Business / Business News /

Q: My mother had a 1995 Saturn SL2 with a four-speed automatic transmission that had a "performance" button. With the car in performance mode, depending how vigorously its accelerator was applied, all 140 of its horses could be utilized. For example, when I would cruise at 62 mph in fourth gear and floor the acceleration, the transmission would ...Read more

The Week Ahead: Economics and jobs still matter

Business / Business News /

You'd be forgiven if you thought the U.S. economy was on edge and hemorrhaging jobs. After all, the stock market has been behaving as if the American economy and corporate profits were cratering.

They're not.

The latest evidence of this will come Friday with the release of August jobs data. It's not expected that the month was a blockbuster ...Read more

For struggling coal miners, are trees the answer?

Business / Business News /

ST. LOUIS -- Tom Clarke is planting the seed that he hopes will save, or at least cushion the fall, of the coal industry that is so tied to the Appalachian region he calls home.

Actually, for his plan to work, he'll have to plant hundreds of millions of them.

The Roanoke, Va., hospital executive and conservationist turned heads last week when ...Read more