Business

/

ArcaMax

Verizon to offer HBO Now streaming service

Business / Business News /

HBO Now is now available to Verizon customers.

HBO and Verizon on Tuesday unveiled an agreement that authorizes Verizon to distribute Time Warner's stand-alone streaming service, HBO Now, on Verizon digital platforms, including its upcoming mobile video streaming service, Go90.

Go90 is expected to launch later this summer.

Verizon customers ...Read more

Edison seeks almost $7.6 billion in damages for nuclear plant

Business / Business News /

LOS ANGELES -- Southern California Edison is seeking almost $7.6 billion from a Japanese manufacturer whose faulty steam generators led to the permanent shutdown of a nuclear power plant about 60 miles south of Los Angeles.

Edison's latest claim is at least $3 billion higher than the utility had previously sought from Mitsubishi Heavy ...Read more

In 25 years, ADA broke down barriers for the disabled, but the workplace is the next frontier

Business / Business News /

BALTIMORE -- In elementary school, Erik Anders was told he would never be able to hold down a job or live on his own.

"I was told I would never be able to live like a normal person," said Anders, 28, who has Asperger's syndrome and now works for a Baltimore-area window maker and rents his own apartment. "I was able to prove some people wrong. ....Read more

Twitter posts huge 61 percent revenue increase in second quarter

Business / Business News /

Twitter blew past Wall Street expectations, reporting second-quarter revenue of $502 million, up 61 percent compared with a year earlier and well above analyst estimates of $481 million.

For the second quarter, the San Francisco company posted a net loss of $137 million. Adjusted for one-time events, it had a profit of $49 million, or 7 cents a...Read more

Twitter stock soars after beating Wall Street's expectations in the second quarter

Business / Business News /

SAN FRANCISCO -- Twitter's uphill battle with Wall Street got a little easier Tuesday.

The company released quarterly earnings and sales from April to June that beat expectations from investors.

Twitter reported sales of $502 million, up 61 percent from the same period last year. This surpassed the $481.28 million in revenue analysts surveyed ...Read more

Netflix, on a roll, seeks to double its LA-area office space

Business / Business News /

LOS ANGELES -- Netflix, as it continues to bulk up its muscle within Hollywood, is now seeking to take up residence there.

The company, based south of San Jose, is eyeing a major move from Beverly Hills to the center of action in Hollywood that would double its office space. The video streaming service signed a letter of intent to lease 150,000...Read more

UPS profits up; revenues down

Business / Business News /

ATLANTA -- UPS said it had a big jump in second-quarter income over depressed earnings a year ago, but lower revenues because of softness in the U.S. economy, currency challenges overseas and lower fuel surcharges.

The Atlanta package deliverer, often viewed as a bellwether of the economy, said its net income was $1.2 billion, a 171 percent ...Read more

GM invests $5B in new global vehicle family

Business / Business News /

DETROIT -- General Motors is spending $5 billion over the next decade to develop a new family of Chevrolet vehicles aimed at emerging markets such as China, India, Brazil and Mexico.

The money also will pay for an expanded partnership with Shanghai Automobile Industry Corp., or SAIC, to jointly develop the vehicle family and engine. Together GM...Read more

Homeownership rate hits 48-year low

Business / Business News /

The nation's homeownership rate continued its decline in the second quarter, dropping to a 48-year low, the Census Bureau reported Tuesday.

The homeownership rate slid to 63.4 percent, down from 63.7 percent in the first quarter and 64.7 percent in 2014's second quarter. The last time homeownership was so low was in the first quarter of 1967, ...Read more

VW beats Toyota as world's biggest automaker

Business / Business News /

Volkswagen AG clinched the top spot in global auto sales for the first half of 2015 by selling 5.04 million vehicles, enough to overtake longtime standout Toyota Motor Corp.

Toyota sold 5.02 million vehicles, a decrease of 1.5 percent, in the first six months of the year. In a statement Tuesday, the company said production in Japan decreased, ...Read more

Pandora rolls out Sponsored Listening for all brands

Business / Business News /

Pandora fans can now listen to a full hour of music uninterrupted by ads -- if they agree to watch or interact with an advertisement first.

The streaming music company rolled out its Sponsored Listening feature to all advertisers Tuesday, giving companies the option to buy a video or interactive advertisement that can range from 15 seconds to 2...Read more

Ford reports best quarterly profit in North America

Business / Business News /

DETROIT -- Ford earned $1.9 billion in the second quarter, up 44 percent from a year earlier, largely on the strength of sales of larger, higher priced and more profitable vehicles in the U.S.

On an earnings-per-share basis, Ford made 47 cents, exceeding the 37 cents per share consensus among Wall Street analysts. After rising 45 cents to $15 ...Read more

Analysis: Trump's wealth estimated at $2.9 billion

Business / Business News /

The latest math on Donald Trump: $2.9 billion.

An analysis by the Bloomberg Billionaires Index, based in part on a 92-page personal financial disclosure form made public last week, revealed a portfolio dominated by skyscrapers and golf courses. The celebrity presidential candidate says he's worth more than $10 billion.

Trump has vaulted to the...Read more

Supervalu shares roar on plan to spin off Save-A-Lot

Business / Business News /

MINNEAPOLIS -- Supervalu said Tuesday it's looking to spin off its heavy-discount Save-A-Lot supermarket chain into a separate company.

The decision, along with stronger than expected quarterly results, lifted the company's depressed shares.

Save-A-Lot is a national chain with 1,300 stores and is considered Supervalu's crown jewel by some ...Read more

NTSB blames co-pilot, Scaled Composites for Virgin Galactic crash

Business / Business News /

LOS ANGELES -- Federal safety officials Tuesday blamed a co-pilot's error for the disintegration of Virgin Galactic's SpaceShipTwo during a test flight last fall that killed the co-pilot.

But sharing the blame, safety officials said, was the company testing the space plane, Scaled Composites.

Co-pilot Michael Alsbury prematurely unlocked the ...Read more

Teen fans at VidCon include many trying to build their own YouTube fan base

Business / Business News /

Thousands of teens journeyed to this year's VidCon conference in Anaheim, Calif., to catch a glimpse of their favorite YouTube stars, and maybe even get a selfie with one of their idols.

Nicole Rose had a different mission in mind. The 16-year-old made the nearly 1,000-mile trek from her home near Portland, Ore., to the Anaheim Convention ...Read more

Rex Huppke: How to handle too much feedback

Business / Business News /

We live in a world of endless feedback.

It comes by email and text and social media, through performance reviews at work or from the offhand comment of a co-worker we barely know. Much of the feedback is noise, and it's easy to brush off. "Oh, I don't listen to the haters. I just care about what the people important to me think."

Yet we find ...Read more

GE Healthcare unveils advanced cardiovascular ultrasound system

Business / Business News /

MILWAUKEE -- GE Healthcare's cardiovascular ultrasound business works to introduce a technological advance each year, but the software it recently introduced may stand out a bit more than the advances in past years.

Bijoy Khandheria, a cardiologist at Aurora St. Luke's Medical Center in Milwaukee, said the clarity of the new images is ...Read more

Balancing Act: Workplace distractions a thief of time

Business / Business News /

During a recent manicure, my nail technician alternated between checking text messages, talking to co-workers and applying polish. The manicure took unusually long, and I came to realize that workplace distractions extend well beyond office workers.

No matter what you do for a living, chances are you battle workplace distractions, a phenomenon ...Read more

Serial entrepreneur rebounds from misstep, takes aim at mobile photography market

Business / Business News /

SEATTLE -- After he was fired from the company he started, Marc Barros found therapy in writing.

The entrepreneur and co-founder of Contour, a Seattle action-video-camera company, wrote about meeting his wife, starting a company when he was 22 years old and watching that company fall apart because of a much larger competitor in the market.

...Read more