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GM pickups named to Takata air bag recall

Business / Business News /

DETROIT -- General Motors said 330,000 Chevrolet Silverado and GMC Sierra heavy duty pickup trucks are part of the largest ever recall of vehicles equipped with Takata air bags.

The affected trucks are from the 2007 and 2008 model years. Dealers will replace the inflators at no cost to customers. GM says it knows of no crashes or injuries due ...Read more

Why did Broadcom Corp.'s stock keep rising after takeover agreement?

Business / Business News /

The cash portion of Avago Technologies Ltd.'s cash-and-stock takeover offer for rival chip maker Broadcom Corp. is $54.50 a share.

So why did Broadcom's stock trade as high as $57.30 a share Friday before closing at $56.85, up 4 percent from the cash offer?

Several reasons, analysts said, including speculation that perhaps another suitor might...Read more

Man behind Silk Road website sentenced to life in federal prison

Business / Business News /

Ross William Ulbricht, the San Francisco man convicted of running an underground website that allowed drug dealers to peddle their wares to countless customers online, will spend the rest of his life in federal prison, a judge ruled Friday.

Ulbricht was sentenced to life in prison Friday, according to a spokeswoman for the U.S. Attorney's ...Read more

Texas lawmaker mounts stand against Export-Import Bank

Business / Business News /

WASHINGTON -- Texas is the nation's No. 1 exporting state, yet the No. 1 opponent of the Export-Import Bank of the United States, which finances American exports, is a Texan.

House Financial Services Committee Chairman Jeb Hensarling, a Republican, is leading an effort in Congress that would eliminate the bank. If lawmakers do not reauthorize ...Read more

Google reveals trump card to build new Mountain View headquarters

Business / Business News /

MOUNTAIN VIEW, Calif. -- Pulling out a trump card it was sitting on for years, Google has found another way to construct the canopied, utopian campus that caught the world's attention earlier this year.

The search engine giant on Friday filed plans at Mountain View City Hall for a translucent domed building that would rise several stories near ...Read more

EPA cuts mandates for ethanol with renewables quota

Business / Business News /

The U.S. Environmental Protection Agency on Friday proposed cutting the quotas for the use of renewable fuels in gasoline, lowering the mandate for corn ethanol this year and next from the 15 billion gallons required by law.

After delaying rules for using ethanol, biodiesel and cellulosic fuels for more than a year, the EPA said corn ethanol ...Read more

Snapchat brings in $538 million from investors

Business / Business News /

LOS ANGELES -- Snapchat Inc. is ready to start collecting serious revenue from advertisers, but that doesn't mean it's done raising money from investors too.

Los Angeles' most famous technology startup has raised $538 million from a collection of 35 investors since mid-February and could raise $112 million more, according to a filing with the ...Read more

Millennials want more flexibility in workplace schedule, survey says

Business / Business News /

Some days Jay Greenlinger bounces from his children's plays and baseball games to work and back again.

The 34-year-old has four young children and serves as the director of technology at the Pleasant Valley School District in Camarillo, Calif. Greenlinger's flexible schedule, aided by his largely electronic workload, is an example of what ...Read more

U.S. economy contracted in the first quarter for second straight year

Business / Business News /

WASHINGTON -- The economy performed worse than initially estimated in the first quarter, contracting for the second straight year and just the third time since the Great Recession as severe weather, a West Coast ports dispute and the soaring U.S. dollar smothered growth.

Total economic output, also known as gross domestic product, decreased at ...Read more

Mark Phelan: Fuel saving tips for summer driving

Business / Business News /

Want to save fuel on those long summer highway drives? Close the windows and turn the air conditioning on.

That's just one of the useful -- and frequently surprising -- tips available from fueleconomy.gov, the go-to website for information on fuel economy.

While running the air conditioning does increase fuel consumption, it's more efficient ...Read more

Auto review: The world's best sports car? Just might be the Chevy Corvette ZO6

Business / Business News /

You'd have a hard time proving the 2015 Chevrolet Corvette ZO6 convertible (I give it four out of four stars) isn't the best sports car on Earth.

With 0-60 mph times as low as of 2.95 seconds -- quicker than the moment between your phone's first and second rings -- it'd be easy to call the ZO6 scary fast, but there's nothing remotely ...Read more

Microsoft employees — past and present — look back over the years

Business / Business News /

SEATTLE -- For August Hill, the job offer from Microsoft was a dream come true.

The soft-spoken developer started his career deep in the guts of software programming for a telephone company in St. Louis, working to make it easier for developers to build programs out of standardized chunks of data.

"This was a chance to see software development...Read more

NHTSA administrator is cracking down on US auto industry

Business / Business News /

DETROIT -- There's a new sheriff in town -- and he's cracking down on the U.S. auto industry.

In December, when Mark Rosekind was sworn in as the new administrator of the National Highway Traffic Safety Administration, the agency faced frequent criticism for its weak response to multiple safety crises.

NHTSA was belittled on Capitol Hill ...Read more

The Week Ahead: All eyes on May employment numbers

Business / Business News /

The U.S. economy was cool in the first three months of the year. By March, the job market, too, had chilled considerably. Only 85,000 new jobs were created that month, just a third of new positions that started in February. But by springtime, hiring had thawed again. In April U.S. employers added 223,000 new jobs.

On Friday, investors will ...Read more

Under the Hood: Your car won't run without a functioning crankshaft position sensor

Business / Business News /

Q: I just got my 2010 Ford Escape (a four cylinder) back from the repair shop. It hadn't been starting, and I was told the cause was a broken crankshaft sensor. The repair seems to be successful and the cost was reasonable. I was curious, though, what is this part and why is it necessary?

-- Alice H.

A: It's great someone figured out the ...Read more

Auto review: All-new Chrysler 200 sedan designed to compete in crowded midsize segment

Business / Business News /

Chrysler may finally have gotten the midsize sedan right.

After years of creating cars in the most-popular vehicle class that were so dull that they were mostly relegated to rental-car fleets, the automaker now has a credible entry in the segment: the 2015 Chrysler 200.

While many of us have already sung the praises of the big Chrysler sedans ...Read more

Auto review: Yamaha FJ-09, an asphalt Adventure bike, belongs in a category all its own

Business / Business News /

The "Adventure" and "Sport Touring" motorcycle segments are said to be the fastest-growing niches in the industry.

Suddenly, every original equipment manufacturer, or OEM, is trying to horn in on the action traditionally dominated by BMW's GS and KTM's Adventure machines.

Already on the road are Yamaha's Super Tenere, Suzuki's V-Strom, ...Read more

Newest generation of spenders often want healthy food fast

Business / Business News /

CHICAGO -- Darren Tristano's daughter had a definite preference when it came to where she wanted to celebrate her 16th birthday: She wanted to go to Panera Bread, a favorite among her peers.

"That's when you know fast casual has arrived," said Tristano, executive vice president of Chicago-based food-research firm Technomic, at a recent ...Read more

Larry Printz: 5 Hondas that flopped

Business / Business News /

Many motorists view Honda as the company that cannot fail, with a focused lineup of bestsellers such as the Civic, Accord and CR-V. But the company has suffered through a string of five notable product failures over the past decade.

Let's take a look.

2003 HONDA ELEMENT

The pitch: When Toyota successfully brought the Toyota Black Box to the U...Read more

Motoring Q&A: Is it really worth buying 4 new tires?

Business / Business News /

Q: While I agree that tires are an important safety component, I mildly disagree that they are relatively low-cost (new tires on my 2003 Ford Expedition set me back more than $1,100 two years ago). Even selling three lightly worn tires wouldn't put much of a dent in the purchase price of four new tires. But my question is with your definition of...Read more