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Former Dunkin' Donuts workers sue franchisee, allege wage theft

Business / Business News /

CHICAGO -- A lawsuit filed in federal court Wednesday alleges a Dunkin' Donuts franchisee with more than a dozen Chicago locations engaged in wage theft by making workers pay for cash register shortages and manipulating time cards so as not to owe overtime.

Lead plaintiff Christina Padilla, 23, who worked as a shift supervisor at a Dunkin' ...Read more

Tesla Motors posts a bigger loss, and two key executives plan to leave

Business / Business News /

LOS ANGELES -- Tesla Motors Inc. reported a larger first-quarter loss compared with a year ago Wednesday but the report nearly was overshadowed by news of the planned departure of two of the company's key manufacturing executives.

The electric car maker also said it has ramped up production of its new Model X sport utility vehicle, whose prior ...Read more

Whole Foods' earnings beats some analyst forecasts, shares rise

Business / Business News /

AUSTIN, Texas -- Whole Foods Market beat a key Wall Street profit forecast with its second-quarter earnings report Wednesday, boosting the Austin-based retailer's stock in after-hours trading.

Whole Foods said it had record revenue for the quarter of nearly $3.7 billion with earnings per share of 44 cents.

Thomson Reuters analysts had ...Read more

Tribune Publishing rejects Gannett offer

Business / Business News /

CHICAGO -- Tribune Publishing's board voted unanimously to reject Gannett's $815 million unsolicited offer to buy the Chicago-based newspaper company.

In a letter sent to Gannett on Wednesday, Tribune Publishing said after "thorough consideration" and the assistance of legal and financial advisers, it determined the proposal understated the ...Read more

Triumph loses $1 billion, plans job cuts and facility closings

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WICHITA, Kan. -- Aircraft supplier Triumph Group will consolidate nearly a quarter of its facilities footprint after reporting a $1 billion loss in fiscal year 2016.

The Pennsylvania-based holding company whose fiscal year ends March 31 said in its earnings report Wednesday that it will consolidate 10 facilities, five of which will occur in its...Read more

Private-sector job growth stumbles to slowest pace in 3 years, ADP says

Business / Business News /

WASHINGTON -- Private-sector job growth unexpectedly stumbled last month, with U.S. companies hiring workers at the slowest pace in three years, payroll firm Automatic Data Processing said Wednesday.

Employers added 156,000 net new jobs in April, a sharp fall-off from a downwardly revised 194,000 the previous month.

The last time ADP reported ...Read more

Hulu confirms cable-like digital bundle

Business / Business News /

LOS ANGELES -- Less than a week after rumblings surfaced that Hulu is developing a cable-like digital service that would stream feeds of live programming from broadcast and cable TV channels, Chief Executive Mike Hopkins confirmed the news.

The announcement was made during Hulu's presentation to advertisers Wednesday at Madison Square Garden ...Read more

Teen retailer Aeropostale files for Chapter 11 bankruptcy protection

Business / Business News /

LOS ANGELES -- Aeropostale Inc. filed for Chapter 11 bankruptcy protection on Wednesday, the latest in a wave of teen retailers that have struggled to adapt to changing fashion trends.

The New York-based apparel company will close 113 of its 739 stores in the U.S. and all 41 of its stores in Canada. U.S. store-closing sales are expected to ...Read more

The Mortgage Professor: Assuring price integrity in a dysfunctional market: Introducing the price checker

Business / Business News /

You are a senior who finds an advertisement for reverse mortgages appealing, except that you don't trust ads to tell the whole truth about anything. You have a well-justified fear that if you respond to the ad, a glib sales person will take over the process, perhaps seducing you into a deal that you will later regret.

To avoid making a serious ...Read more

Tech Q&A: Making lost cloud photos accessible once more

Business / Business News /

Q: Several years ago, I used the Kodak website to store and share pictures. It's been so long ago that I can't remember my password, but the bigger problem is that the service no longer seems to be available. How can I access my online photos and move them to another photo website?

--Fred Klietz, Brooklyn Park, Minn.

A: The Kodak Gallery ...Read more

Google Chrome passes Internet Explorer as top browser for first time

Business / Business News /

SEATTLE -- Microsoft has fallen behind Google in the browser wars.

Google's Chrome Web browser topped Microsoft's Internet Explorer among personal computer users last month for the first time, according to one closely watched measure.

Chrome was the browser of choice last month for 41.7 percent of PC users globally, compared with 41.3 percent ...Read more

Pennsylvania governor, others asks state commission for leniency on Uber fine

Business / Business News /

PITTSBURGH -- Pennsylvania Gov. Tom Wolf joined other elected officials in criticizing an unprecedented $11.3 million fine against Uber issued by the state, warning of a "chilling effect" the penalty could have on technology companies and future innovation.

In a letter sent to the Pennsylvania Public Utility Commission -- which voted 3-2 last ...Read more

Hiring bias study: Resumes with black, white, Hispanic names treated the same

Business / Business News /

CHICAGO -- New research on hiring bias found resumes bearing names traditionally held by blacks and Hispanics are just as likely to lead to callbacks and job interviews as those bearing white-sounding names.

The findings, announced last week by the University of Missouri, diverge from the results of a famous study from more than a decade ago ...Read more

ESPN and Vice Media join forces on programming

Business / Business News /

LOS ANGELES -- Sports TV behemoth ESPN is going to start hanging out with the cool kids at Vice Media.

The two media companies announced Tuesday that they are joining forces in a deal that will provide each with access to the other's programming.

Vice, which has attracted a strong following among younger media consumers for its edgy ...Read more

Amazon strengthens European fulfillment program for merchants

Business / Business News /

SEATTLE -- Amazon.com on Tuesday built another piece of its own version of the European common market, by launching a new service that will handle storage and shipping of wares across the continent for third-party merchants.

Until now, sellers using Amazon's logistics service to distribute products across the European Union could either export ...Read more

McDonald's testing garlic fries in San Francisco area

Business / Business News /

CHICAGO -- Fries, with a side of breath mints?

McDonald's said Tuesday it is testing garlic fries in a handful of restaurants, a nod to its efforts to experiment with core menu items and focus more on food quality, freshness and taste.

The "Gilroy Garlic Fries" -- named for Gilroy, Calif., a city famous for its garlic crop -- are offered in ...Read more

Fiat Chrysler, Ford see sales jump as auto industry stays hot

Business / Business News /

DETROIT -- Fiat Chrysler Automobiles' April sales were 5.6 percent higher than those seen during the same period a year earlier, and Ford's were up 4 percent, but General Motors posted a 3.5 percent decline as it de-emphasized fleet sales.

GM's retail sales, however, were up 3 percent as the automaker concentrates on more profitable sales to ...Read more

Kmart offers lifetime guarantee on plants, but take a look at fine print

Business / Business News /

CHICAGO -- No green thumb? No need to worry, said Kmart, announcing a new lifetime guarantee on certain plants sold at its lawn and garden centers.

Customers who buy a tree, shrub or perennial with a "Plants for Life, Guaranteed" tag can, upon the plant's untimely passing, receive a replacement or store credit if they return the "Guaranteed ...Read more

Mylan profits slump; company appoints new CFO

Business / Business News /

PITTSBURGH -- Generic drug giant Mylan saw first-quarter profits skid 75 percent to $13.9 million from $56.6 million in the same period last year as expenses rose.

On a per share basis, earnings fell 77 percent to 3 cents from 13 cents.

On an adjusted basis, earnings per share rose 9 percent to 76 cents, in line with Wall Street estimates. ...Read more

Consumer Confidential: Robocall phone mess is an unholy hassle

Business / Business News /

Southern Californian Greg Vogel can't heal the sick. Nor can he see the future.

So he's tired of being confused with a young televangelist calling himself Prophet Manasseh Jordan, who say he can do both these things.

Vogel, 59, says he's received dozens of calls from seekers of divine assistance, who tell him his number appeared on their ...Read more

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