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SeaWorld San Diego worst performing park in North America

Business / Business News /

SAN DIEGO -- Among top theme parks in North America, SeaWorld San Diego is the only one to show an attendance decline last year, underscoring the park's still continuing struggles to rebuild visitation.

The San Diego park's attendance decline -- 7 percent -- is even more stunning during a year in which the overall 5.9 percent growth among the ...Read more

Fed study: Nearly half of US households would struggle with unexpected $400 expense

Business / Business News /

WASHINGTON -- Shedding light on the precarious economic state of many American families, the Federal Reserve said Wednesday that nearly half of U.S. households reported they would have trouble meeting emergency expenses of just $400.

In addition, the Fed found that 22 percent of workers were juggling two or more jobs last year, higher than what...Read more

Tribune investor calls Soon-Shiong deal 'disturbing … distasteful'

Business / Business News /

LOS ANGELES -- In the wake of Tribune Publishing's blockbuster announcements that it has rejected a sweetened buyout offer from rival Gannett Co. and brought Los Angeles billionaire Patrick Soon-Shiong on board as an investor, one of the company's major shareholders is crying foul.

In a letter sent Tuesday to Tribune's board, St. Louis ...Read more

Google to open self-driving development center in Detroit area

Business / Business News /

DETROIT -- John Krafcik, CEO of Google's self-driving car project, said Wednesday that the tech giant will open a 53,000-square-foot development center in suburban Detroit.

Krafcik, in a Google Plus post, said the development center will serve as a hub that Google will use to work with a number of partners in the automotive industry.

Google ...Read more

Ford recalls 271,000 pickups to fix brake fluid leak

Business / Business News /

DETROIT -- Ford is recalling some of its top-selling vehicles in the U.S. to fix a fluid leak that can reduce braking power.

The recall covers about 271,000 F-150 pickups in North America from the 2013 and 2014 model years that have 3.5-liter V-6 engines.

Ford says brake fluid can leak from the master cylinder. That could reduce the ability of...Read more

Microsoft shuts down last major piece of Nokia purchase, cuts 1,850 jobs

Business / Business News /

SEATTLE -- Microsoft is shuttering the last major pieces of the phone hardware business it bought from Nokia, ending a two-year saga that saw the company badly stumble in an effort to challenge its Silicon Valley rivals in the smartphone business.

The most recent toll was announced Wednesday: up to 1,850 layoffs and a $950 million restructuring...Read more

Tech Q&A: Helping an iPad find a better Internet connection

Business / Business News /

Q: We have two PCs and two iPads, but only my iPad 2 is having trouble doing Internet searches and playing streaming videos. I get error messages that say Apple's Safari Web browser can't find the server or that there's a "playback error" on a video. Sometimes a download continues indefinitely.

I've tried deleting unused apps and old email, ...Read more

Obamacare is helping millions get health care, survey finds

Business / Business News /

More than 60 percent of working-age Americans who signed up for Medicaid or a private health plan through the Affordable Care Act are getting health care that they couldn't previously get, a new nationwide survey indicates.

And consumers are broadly satisfied with the new coverage, despite some cost challenges and an ongoing Republican campaign...Read more

Troy Wolverton: VR's father worries about the technology's future

Business / Business News /

One might think that Jaron Lanier would be elated right now.

More than 30 years after his pioneering work in virtual reality, VR finally appears to be on the verge of becoming a mass market phenomenon. Major companies are investing in the technology, high-profile products are hitting store shelves, and developers of all sorts are creating VR ...Read more

Cargill to keep operations in Wichita

Business / Business News /

WICHITA, Kan. -- Cargill will keep several divisional headquarters and 800 employees in Wichita, the company said Tuesday.

Kansas Gov. Sam Brownback, Wichita Mayor Jeff Longwell and Cargill vice president Brian Sikes were among those who announced that the company will find a new home for the operations but keep them in Wichita.

Sikes said ...Read more

UCLA's $280 million Under Armour deal is the biggest in NCAA history

Business / Business News /

LOS ANGELES -- Jumping into the new arms race in college sports -- schools battling for massive sponsorships -- UCLA has landed what is believed to be the biggest shoe and apparel deal in NCAA history.

The 15-year, $280 million contract with Under Armour was finalized early Tuesday morning and announced at a midday news conference.

The ...Read more

Living with parents is now the most common arrangement for young adults

Business / Business News /

CHICAGO -- In a dramatic culture change, living with mom and dad has become the most common arrangement for young adults -- especially men.

Adults between 18 and 34 are more likely to live with a parent than to get married or move in with a romantic partner, according to an analysis of Census data by the Pew Research Center. The researchers ...Read more

Boeing gains edge over Airbus with deal to sell 100 planes to Vietnam

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WASHINGTON -- Boeing has won the largest single commercial airplane purchase in Vietnam's aviation history with an $11.3 billion order from Vietjet for 100 passenger jets.

The deal was signed during President Barack Obama's visit to the country this week, where he lifted a decades-long arms embargo and encouraged strengthening economic ties ...Read more

Toyota invests in Uber

Business / Business News /

DETROIT -- Toyota said Tuesday it is investing in Uber, the nation's largest ride-hailing service, and the companies will explore new leasing options for Uber drivers.

Neither company disclosed the size and scope of the investment. The companies plan to create new leasing options so Uber drivers can lease Toyota vehicles and cover their payment...Read more

Sumner Redstone names new trust members expected to replace Viacom CEO Philippe Dauman

Business / Business News /

LOS ANGELES -- Sumner Redstone's trust has two newly minted trustees who are expected to replace the media mogul's two long-time advisors, Viacom Chief Executive Philippe Dauman and attorney George Abrams.

The ailing media tycoon, through a spokesman, announced Tuesday that Thaddeus Jankowski and Jill Krutick are replacing Dauman and Abrams on ...Read more

Lower prices for Folgers, Dunkin' Donuts store packages

Business / Business News /

CHICAGO -- Brewing a morning cup of joe could soon cost a little less, depending on which brand of packaged coffee you use.

J.M. Smucker said Tuesday that it will lower the price of its Folgers and Dunkin' Donuts-branded coffee products by an average of 6 percent. The price cut, the result of falling green coffee costs, does not apply to K-Cup ...Read more

Best Buy's chief cost cutter and key figure in turnaround is leaving

Business / Business News /

MINNEAPOLIS -- Best Buy is losing one of the key architects of its Renew Blue turnaround strategy and investors are apparently not very happy about it.

The electronics retailer's shares dropped 7 percent Tuesday morning after the company said that Sharon McCollam, the chain's chief financial officer, would step down at the company's ...Read more

Microsoft aids Internet access projects

Business / Business News /

SEATTLE -- Microsoft is lending a hand to a dozen companies working to spread affordable Internet access to underserved communities around the world.

The initiative is related to Seattle-based Microsoft's commitment, announced earlier this year, to donate $1 billion in services over three years primarily to nonprofits. As part of that effort, ...Read more

Teresa Heinz to turn over leadership of $1.6 billion family charity to 3 sons

Business / Business News /

PITTSBURGH -- For the past two years, Teresa Heinz has been holding deep discussions with the Heinz Endowments' board of directors and its top executive about who among the next generation of her family would lead the foundation built on the fortunes of Pittsburgh's H.J. Heinz Co. ketchup empire.

The succession plan was finally disclosed Monday...Read more

Photos and videos will no longer count against Twitter's 140-character limit

Business / Business News /

Get ready for slightly longer tweets and the ability to retweet yourself.

Twitter Inc. said Tuesday that it was making a number of minor changes to its microblogging service over the next few months.

--Media -- including images, videos, polls and GIFs -- will no longer count against a tweet's 140-character limit. Nor will usernames included in...Read more