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Fiat Chrysler's astounding sales streak actually ended in 2013, company says after revision

Business / Business News /

DETROIT -- Fiat Chrysler Automobiles on Tuesday said it has revised the way it counts monthly sales figures of new cars and trucks and dropped its claim that it had seen 75 consecutive months of sales gains, saying the streak actually ended in September 2013.

The automaker issued a lengthy explanation of its sales reporting practices and ...Read more

EHarmony's new CEO vows to make app simpler as founder retires for second time

Business / Business News /

LOS ANGELES -- EHarmony founder Neil Clark Warren left retirement four years ago to bring the struggling dating website back to relevance.

Mission accomplished.

The Los Angeles company announced Tuesday that Warren, 81, will step down as chief executive and return to retirement, though he's likely to remain the board of directors' chairman. ...Read more

Twitter's stock falls after second-quarter revenue miss

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SAN FRANCISCO -- Twitter's stock on Tuesday tumbled more than 9 percent in after-hours trading after the company missed Wall Street's revenue expectations in the second quarter. The tech firm did however report earnings that were better than expected and grew its number of users.

From April to June, the company raked in $602 million in sales, ...Read more

US airfares cheapest they've been since 2010

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U.S. airfares were the cheapest they've been since 2010 in the first quarter of 2016, the federal government said Tuesday.

The average price of a domestic ticket dropped to $361 in the first quarter, down 7.8 percent from the same period in 2015, according to the U.S. Department of Transportation's Bureau of Transportation Statistics.

The fare...Read more

Apple's services gains lead better-than-expected quarterly results

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CUPERTINO, Calif. -- Apple on Tuesday reported quarterly results that were better than expected, as big gains from the company's burgeoning services business helped partially offset a second-straight decline in year-over-year sales of iPhones.

Apple said that for its fiscal third quarter, it sold 40.4 million iPhones, compared with sales of 47....Read more

Tesla car mangled in fatal crash was on Autopilot and speeding, NTSB says

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The Tesla car involved in a fatal crash in Florida this spring was in Autopilot mode and going about 10 miles faster than the speed limit, according to safety regulators, who also released a picture of the mangled vehicle.

Earlier reports had stated the Tesla Model S struck a big rig while traveling on a divided highway in central Florida, and ...Read more

Fiat Chrysler to invest $1.5 billion in Detroit-area plant

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DETROIT -- Fiat Chrysler Automobiles plans to spend $1.5 billion to retool its Sterling Heights Assembly Plant in suburban Detroit so the automaker can build the next-generation Ram 1500 pickup truck there after the plant stops producing the Chrysler 200.

The investment plans were disclosed Tuesday in Lansing, the state capital, where the ...Read more

Amazon launches Prime loyalty program in India

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SEATTLE -- Amazon.com, not content with having what analysts estimate are 60 million members in its Prime loyalty program, is launching Prime in the world's second most populous country: India.

The move showcases Amazon's big bet on the fast-growing South Asian giant, which has the potential to become a huge e-commerce marketplace.

With Prime,...Read more

State of Michigan approves $17M loan for autonomous vehicle research center

Business / Business News /

DETROIT -- The state of Michigan will provide a $17 million loan for the design and construction of research facilities at a proposed autonomous- and connected-vehicle center outside Detroit.

The Michigan Strategic Fund approved the investment Tuesday, one week after greenlighting $1.2 million for the purchase of 311 acres at the former Willow ...Read more

Consol reports second-quarter loss

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PITTSBURGH -- Consol Energy Inc. posted another quarter of losses while highlighting its successes in paying down debt and bringing down the costs of its oil, gas and coal mining operations.

The company, headquartered outside Pittsburgh, reported a second-quarter net loss of $468.6 million, $2.05 per share for the past three months, narrowing ...Read more

Airbnb and Uber to Democrats: You need us

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PHILADELPHIA -- The Democratic National Convention is relying heavily on Airbnb to house attendees, and the company wants to remind the visiting politicians that it could use their support, too.

About 40,000 people are in Philadelphia for the convention, and Airbnb says 7,000 of them are using its home rental services, staying in spaces rented ...Read more

Stroh's beer returning to Detroit next month

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DETROIT -- Detroit's iconic Stroh's beer will once again be made in the Motor City.

Consumers will be able to find the Bohemian-style Pilsner, which is 5.5 percent alcohol by volume, in Michigan restaurants, bars and retail stores starting Aug. 22, according to a news release. It's being brewed at Brew Detroit in the city's Corktown ...Read more

McDonald's Q2 earnings fall on franchising, move costs and industry slowdown

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CHICAGO -- McDonald's said Tuesday its second-quarter earnings slipped 9 percent on costs related to refranchising and relocating the company's longtime headquarters, as well as slower restaurant industry growth.

The results were below what Wall Street expected, and the stock fell more than 3 percent in pre-market trading.

The world's largest ...Read more

Liz Reyer: 'Employee of the year' nominee fears he's getting credit for team's work

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Q: I am the manager of a small department and have been nominated for an "employee of the year" award. A lot of what was called out in my nomination is based on the hard work of the individuals on the team. How do I keep this situation from hurting morale?

--Alf, 38, team leader

A: Share the glory, acknowledging their contributions privately ...Read more

Diane Stafford: Working 9 to 5? You must be kidding

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Even if you have a regular full-time job, where you go to a work site for specific hours five days a week, you see the change. It's not your father's (or mother's) workplace anymore.

Even if your alleged quitting time is 5 p.m., you're likely among the half of American workers who say in surveys that they take work home and answer job-related ...Read more

Your Office Coach: Sit-down meetings with staff will help newly promoted manager get off to smooth start

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Q: In my new supervisory position, I will be managing two people who may already resent me. "Grace" worked with my predecessor for 20 years and says they are best friends. "Becky" applied for the job that was given to me. Fortunately, the third employee is a recent hire who seems perfectly happy. How can I get off to a good start with this group...Read more

ViaSat to power broadband on Air Force One

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SAN DIEGO -- ViaSat has been awarded a federal contract to provide high-speed, in-flight internet to Air Force One and other government VIP aircraft.

The San Diego-area company, which powers onboard Wi-Fi on JetBlue, Virgin America and some United Airlines commercial aircraft, said it will enable "a Situation Room in the Sky" experience on ...Read more

After record run, analysts expect McDonald's to report slower sales

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CHICAGO -- Is it time for McDonald's rebound to slow?

Analysts are predicting that the world's largest burger chain, which has enjoyed earnings growth and larger-than-expected sales in recent quarters, will report Tuesday morning that growth slowed in the second quarter. That's due to a mix of factors both within and outside of the Golden ...Read more

Twitter beefs up live sports content with MLB and NHL partnerships

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SAN FRANCISCO -- Twitter is stepping up its game when it comes to live streaming sports footage.

The San Francisco tech company said Monday it is teaming up with Major League Baseball and the National Hockey League to stream out-of-market games once per week. Twitter also partnered with 120 Sports to broadcast a nightly show that includes ...Read more

Starbucks says Schultz will focus on long-term global strategy

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SEATTLE -- Starbucks Chairman and CEO Howard Schultz is stepping back from some of the more day-to-day operations of the coffee chain to focus on overall long-term global strategy and innovation.

Starting Sept. 1, his priorities will be on Starbucks' higher-end businesses, including the Roasteries, the high-end coffee shops Starbucks first ...Read more