Elon Musk describes his vision for human habitats on Mars

Business / Business News /

SpaceX Chief Executive Elon Musk answered questions about his plans to send humans to Mars in a Reddit Ask Me Anything session Sunday afternoon that prompted thousands of reader comments.

The question-and-answer session was intended as a follow-up to Musk's speech at the International Astronautical Congress in Guadalajara, Mexico, last month, ...Read more

Rockwell Collins to buy B/E Aerospace for $6.4 billion

Business / Business News /

Aviation communications and electronics supplier Rockwell Collins Inc. will acquire aircraft cabin equipment maker B/E Aerospace Inc. for $6.4 billion, the companies announced Sunday.

Cedar Rapids, Iowa-based Rockwell will also assume $1.9 billion of net debt.

Under the terms of the deal, shareholders of B/E Aerospace will receive $62 per ...Read more

Buick surprises, Asian brands dominate reliability ranking

Business / Business News /

DETROIT -- Buick is ranked third in the latest annual Consumer Reports ranking of the most reliable automotive brands, marking the first time a domestic brand has been in the top three.

Even so, Asian brands continued to dominate the influential consumer magazine's rankings.

Of 29 brands, Asian nameplates accounted for 7 of the top 10 spots. ...Read more

Big banks roll out Zelle, a money-transfer app to take on Venmo

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WASHINGTON -- The nation's biggest banks, including JPMorgan Chase & Co., Wells Fargo & Co., and Bank of America Corp., are rolling out a new money-transfer app called Zelle to take on Venmo and other mobile payment upstarts.

A consortium of 23 financial institutions previewed Zelle, which will be available next year, at an industry conference ...Read more

Choke hazard prompts Target recall of 127K Halloween window decorations

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MINNEAPOLIS --Target is recalling about 127,000 decorative Halloween gel window "clings" because they pose a choking hazard to children.

The recall of the Chinese-made window adornments, announced last week by the U.S. Consumer Product Safety Commission, was issued because the clings can come apart, exposing a small decal and two button-sized ...Read more

Wall Street's verdict on AT&T-Time Warner deal: Thumbs down

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WASHINGTON -- Shares of AT&T Inc. and Time Warner Inc. fell Monday as investors didn't appear thrilled by the proposed mega-merger announced over the weekend.

In response to the $84.5 billion deal, Moody's Investor Service said Monday it had placed AT&T's credit rating on review for a possible downgrade.

As speculation about the deal swirled ...Read more

B/E Aerospace to be acquired by Rockwell Collins

Business / Business News /

FORT LAUDERDALE, Fla. -- Airplane interior maker B/E Aerospace has agreed to be acquired by Iowa airline supplier Rockwell Collins for $6.4 billion, the companies have announced.

As a result, B/E Aerospace's headquarters in Wellington, Fla., will be eliminated, part of the savings from combining the companies' operations, said Kelly Ortberg, ...Read more

TD Ameritrade buying rival brokerage Scottrade for $4 billion

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ST. LOUIS -- Discount brokerage Scottrade is being acquired by rival TD Ameritrade for $4 billion.

The companies announced the deal early Monday, following several weeks of news reports about the merger. The sale is subject to regulatory approvals and is slated to close by Sept. 30, 2017. Scottrade will convert to TD Ameritrade systems in 2018....Read more

Wall Street's $40 billion AT&T loan pledge offers fees and risks

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Wall Street banks are writing some of their biggest checks ever to fund AT&T's takeover of Time Warner as they seek a bonanza of fees. But there's a dose of concern that the $40 billion loan pledge may get caught up in a regulatory impasse.

JPMorgan Chase has pledged $25 billion of the financing, with Bank of America providing the rest, ...Read more

Smaller screens' rise cues big deal

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LOS ANGELES -- AT&T has worked 140 years to perfect phone service, while Time Warner Inc. has spent decades churning out popular magazines, television shows and movies for the big screen.

But the two companies, which both are laboring to hold onto customers, confront a similar challenge: how to deliver content to younger consumers who are ...Read more

Madea scares away all rivals from top box-office spot

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LOS ANGELES -- With Halloween just days away, the box office took a turn to the supernatural, with "Tyler Perry's Boo! A Madea Halloween" taking hold of the top spot and leaving other new releases and holdovers behind.

The Lionsgate picture scared up an estimated $27.6 million for the weekend in the U.S. and Canada, well above studio ...Read more

AT&T says it will keep many Time Warner managers after takeover

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When a media company buys another, the acquired firm's regime is usually shoved out the door. But AT&T's top executive says he plans to keep in place much of Time Warner's management team.

AT&T announced its $84.5 billion acquisition of Time Warner over the weekend, and the heads of both companies --Randall Stephenson of AT&T and Jeffrey Bewkes...Read more

Planned AT&T-Time Warner deal raises antitrust questions

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AT&T and Time Warner came closer Saturday to announcing an $80 billion deal to combine the entertainment companies, but questions were already emerging over whether a bigger AT&T would be an entertainment colossus with too much power.

Republican presidential nominee Donald Trump said Saturday that his administration would block such an ...Read more

Trump says he would block an AT&T acquisition of Time Warner

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GETTYSBURG, Pa. –– Donald Trump said he would block a purchase of Time Warner by AT&T, arguing that such combinations concentrate too much power among too few companies, including ones which have been hostile to his presidential candidacy.

Trump also suggested that he would favor a breakup of NBC and Comcast. Comcast bought NBC Universal in...Read more

Susan Tompor: Cybersecurity threats getting harder to ignore

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With countries like China, Russia and North Korea becoming more aggressive in cyberattacks, and everyday fraudsters upping their game beyond the once easy-to-spot spam emails filled with bad grammar, cybersecurity threats as a whole are growing more ominous for individuals, small-business owners and large corporations.

That was part of the ...Read more

Trump's brand takes a hit from video, sexual assault claims

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WASHINGTON -- In the tradition of P.T. Barnum, an earlier showman-turned-politician who is credited with saying there's no such thing as bad publicity, Donald Trump may have thought he had nothing to lose in running for president.

Even a defeat might serve to raise his visibility and burnish a name brand that has become his most valuable asset....Read more

Trump attorneys seek to block testimony from LA Times columnist

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LOS ANGELES -- Attorneys for Republican presidential candidate Donald J. Trump and Trump University are seeking to block Los Angeles Times consumer columnist David Lazarus from testifying in a class-action fraud case brought by former Trump University students.

In a motion filed Thursday in federal court in San Diego, Trump's attorneys argued ...Read more

NBCUniversal investing additional $200 million in BuzzFeed

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NBCUniversal is doubling down on BuzzFeed.

The entertainment conglomerate owned by Comcast Corp. is investing an additional $200 million in the millennial-focused media company, according to a person with knowledge of the deal.

The investment, first reported by Recode, comes more than a year after NBCUniversal's initial investment of $200 ...Read more

Possible iPhone 7 fire prompts Apple investigation

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Apple Inc. said it's looking into an Australian man's allegation that an iPhone 7 ignited and set ablaze the car he'd left it in while surfing.

Smartphones and other devices with lithium-ion batteries are known to be susceptible to fires in extreme conditions, so the lone incident is far from a sign of a widespread problem. But the massive ...Read more

Time Warner stock soars

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Shares of Time Warner gained over 10.1 percent in morning trading Friday after a new report from Bloomberg indicated that telecommunications giant AT&T was in talks to take over the media company.

According to people familiar with the matter, AT&T and Time Warner executives have met in recent weeks to discuss a variety of potential new business...Read more