The Mortgage Professor: Selling a house to buy a house

Business / Business News /

Homeowners sell their homes and buy other homes for a variety of reasons, including a need to live closer to a place of employment, to be closer to family, to enjoy a better climate, or simply to upgrade. This article is about finding the best sequence of steps in the process.

--The importance of equity in the existing house: Whatever the ...Read more

Oil train safety concerns cast shadow over cross-border rail deal

Business / Business News /

WATERTOWN, Wis. -- Concerns about the safety of crude oil trains loom over a proposed rail takeover that would create the largest rail system in North America.

Last week, Alberta-based Canadian Pacific made public its plan to acquire Virginia-based Norfolk Southern. The $28.4 billion deal would need to be approved by company shareholders and ...Read more

Mobile beginning to dominate holiday shopping

Business / Business News /

With Americans spending significant portions of their waking hours looking at a smartphone or tablet, perhaps it's no wonder that's the way many will shop for the holidays too.

This season, for the first time, mobile devices will overtake desktops on Thanksgiving Day to drive the majority of online shopping visits and nearly one-third of online...Read more

Turing won't cut list price of lifesaving drug Daraprim

Business / Business News /

CHICAGO -- A small drugmaker that promised to decrease the price of a lifesaving drug -- after raising it about 5,000 percent -- now says it will not cut the list price of the drug, sold exclusively by select Walgreens pharmacies.

Turing Pharmaceuticals AG, a privately held biopharmaceutical company run by former hedge fund manager Martin ...Read more

Billionaire Sumner Redstone unable to make decisions, says lawsuit by ex-girlfriend

Business / Business News /

LOS ANGELES -- A bitter battle to control the fortune of ailing billionaire Sumner Redstone escalated Wednesday when the media mogul's ex-girlfriend filed a lawsuit alleging that he is mentally impaired and unable to make decisions.

The lawsuit raises important questions about whether the 92-year-old Redstone is capable of overseeing the ...Read more

Barbie beats Elsa as top toy for girls

Business / Business News /

See you later, Elsa. Barbie has put the freeze on Disney's "Frozen."

The classic doll with the exaggerated measurements once again tops the list of toys that shoppers plan to buy for the young girls on their holiday gift list, according to a National Retail Federation survey.

Barbie lost her crown to Disney's "Frozen" characters in 2014. That ...Read more

Consumer spending inches up in October as cautious Americans save more

Business / Business News /

WASHINGTON -- Consumer spending inched up last month, rising at a rate well below expectations, as cautious Americans saved more of their growing incomes, the Commerce Department said Wednesday.

Personal consumption expenditures increased just 0.1 percent for the second straight month. Economists had expected a 0.3 percent increase.

The slow ...Read more

Inside Snapchat's newest feature: Story Explorer

Business / Business News /

LOS ANGELES -- Snapchat Inc. Chief Executive Evan Spiegel grabs his iPhone, opens his Los Angeles company's app and taps an icon for "Los Angeles."

Instantly, he's watching short, full-screen videos that Snapchat users across LA have recorded over the last 24 hours and given the company permission to distribute widely. It's a stream that jumps ...Read more

As volume expands, ways of receiving parcels evolving for consumers

Business / Business News /

PITTSBURGH -- Allegheny City Market, tucked inconspicuously into Pittsburgh's Mexican War Streets neighborhood, has built a customer base with its tidy convenience store and deli featuring locally themed sandwiches like the Randyland Reuben, named for artist Randy Gilson's colorful residence a block away.

More recently, the market has been a ...Read more

On the House: Rise in residential construction is now expected

Business / Business News /

In the early 2000s, some in the residential-construction industry predicted that, in the not-too-distant future, the United States would reach its new-home saturation point.

The result would be a corresponding growth in the remodeling industry because the houses that had been built in the 1980s and 1990s would require major updating.

Although ...Read more

Real estate Q&A: Renter duped in foreclosure scam

Business / Business News /

Q: Three months ago, we rented a house that was listed by a real estate agent. We were told the owner lived abroad. After negotiations between our agent and the listing agent, we filled out a detailed application, paid first and last month's rent (plus a security deposit) and moved in and are still current on the rent. Yesterday we received a ...Read more

Troy Wolverton: Jumbo-sized iPad Pro lacks purpose

Business / Business News /

When Apple released the iPad in 2010, it sought to fill a niche in the computing industry.

The company perceived -- correctly as it turned out -- that there was a need for a device that was larger and more powerful than a smartphone, but more portable and easier to use and manage than a laptop computer. The iPad was for casual computing, the ...Read more

Caryn Beck-Dudley, business school dean, on Silicon Valley

Business / Business News /

SANTA CLARA, Calif. -- Caryn Beck-Dudley has some experience as an outsider.

She was a nonpracticing Mormon in Utah, Mormon country. She was the first pregnant, pre-tenure professor in tenure track line at Utah State; that was in 1986. She is a lawyer who has built her academic career in business schools, which are typically run by men.

Now as...Read more

Nuclear accord paves way for importing Persian rugs into US again

Business / Business News /

LOS ANGELES -- The earthy smell of silk and wool fills a showroom piled waist-high with thousands of hand-woven rugs, some of them centuries old. It is a familiar scent, one that links this shop in L.A.'s Westwood neighborhood to Tehran's bazaars nearly 8,000 miles away.

Some of the carpets, dyed with natural ingredients such as walnut skins, ...Read more

Talking GMOs and future of farming with Monsanto's Robert Fraley

Business / Business News /

MINNEAPOLIS -- Robert Fraley, executive vice president and chief technology officer at Monsanto, is considered the father of agricultural biotechnology. Fraley has received numerous awards, including the World Food Prize Laureate in 2013 and the National Medal of Technology and Innovation in 1998 from President Clinton. He has worked for ...Read more

Developer Michael Marini has big ideas for small lots

Business / Business News /

LOS ANGELES -- The gig: Michael Marini, 49, is chief executive of Planet Home Living, one of the leading developers of small-lot subdivisions -- clusters of townhome-like single-family houses that are only inches apart from each other. The sleek, modern developments have proved extremely popular among Los Angeles homebuyers in recent years, ...Read more

Tech Q&A: Making sure Windows 10 is safe and useful

Business / Business News /

Q: I upgraded from Windows 7 to Windows 10. Does the Windows 10 built-in security software, Windows Defender, provide enough protection against computer viruses, spyware and other malicious software? Will the Kaspersky Internet Security, which I had on my PC for Windows 7, conflict with Windows Defender?

--Bruce Perkins, Woodbury, Minn.

A: So ...Read more

Kohl's to 'relaunch' Sonoma brand in new women's clothing sales push

Business / Business News /

MILWAUKEE -- As it strives to push sales toward an ambitious, self-imposed goal, Kohl's Corp. wants to speak to more than just the "mom-ness" of its core customer.

It wants to tap her inner sense of style.

The nationwide retailer, which has made moves in this direction before, is looking to further up its game in women's apparel and position ...Read more

Cargill acquisition means a large and growing presence in salmon feed

Business / Business News /

MINNEAPOLIS -- Cargill Inc. is big in aquaculture feed, and salmon makes up one of the world's biggest aquaculture markets. But the fish feeder and the pink-fleshed fish haven't been in the same boat -- until now.

Cargill's $1.5 billion acquisition of EWOS, which closed last month, gave the Minneapolis-area agribusiness giant an immediate and ...Read more

Amazon orders reset for some customers' passwords

Business / Business News /

SEATTLE -- has required an undisclosed number of customers to reset passwords to their online accounts after the company said some passwords "may have been improperly stored" on devices.

Several Amazon customers reached out to tech-news site ZDNet, saying they received emails from Amazon that the passwords needed to be reset.

Amazon...Read more