Fox News says Andrea Tantaros' allegations are a 'smokescreen' for a contract breach

Business / Business News /

Fox News is denying the sexual harassment allegations of former co-host Andrea Tantaros and has asked that her complaints against the network go to arbitration.

In a memorandum filed Monday in New York Supreme Court, Fox News disputes Tantaros' allegation that she was removed from her on-air role in retaliation for making a sexual harassment ...Read more

Mylan to sell generic EpiPen to quell outcry over $600 cost

Business / Business News /

Mylan NV, the drugmaker under fire for pricing its EpiPen emergency allergy shots at $600, said it will introduce a generic version in coming weeks that will halve the price.

The generic EpiPen will be identical to the branded product, including device functionality and drug formulation, and cost $300 per two-pack carton, Mylan said in a ...Read more

Passenger tries to open Alaska Airlines door in-flight; plane diverts to Twin Cities

Business / Business News /

MINNEAPOLIS -- A passenger tried -- and failed -- to open a door Monday on a commercial airliner at cruising altitude after it left New York, prompting the pilot to make an emergency landing in the Twin Cities.

Alaska Airlines spokeswoman Halley Knigge said the man was arrested, and the Boeing 737-900ER resumed its flight to Seattle around 11:...Read more

Apple may unveil new iPhone next week

Business / Business News /

CUPERTINO, Calif. -- On Monday, Apple announced a date for its fall event, a time when the company typically unveils new products.

Apple is expected to introduce an updated iPhone line with an improved camera and a new home button. The firm may also show its next Apple Watch.

The invitation for the Sept. 7 event at the Bill Graham Auditorium ...Read more

Fitbit's new Adventures feature virtually transports users to Yosemite

Business / Business News /

Fitbit Inc. unveiled a series of virtual "adventures" to pair with its fitness-tracking wristbands Monday as the company tries to maintain its sales momentum.

Fitbit Adventures, a new feature on the San Francisco company's mobile app, allows users to virtually experience such "challenges" as hiking trails at Yosemite National Park or tracing ...Read more

Pharma firm will test its Zika vaccine in Puerto Rico

Business / Business News /

PHILADELPHIA -- Inovio Pharmaceuticals said Monday it has begun a clinical study of its experimental Zika vaccine in 160 healthy adult volunteers in Puerto Rico, where the virus outbreak has been declared a public health emergency.

The Centers for Disease Control and Prevention has estimated Zika will infect more than 25 percent of the Puerto ...Read more

United Airlines appoints American Airlines executive as president

Business / Business News /

CHICAGO -- United Airlines hired the No. 2 executive at its chief competitor, American Airlines, on Monday.

Scott Kirby, 49, president of American Airlines since its merger with US Airways in 2013, will fill a newly created role as president, responsible for United's operations, marketing, sales, alliances, network planning and revenue ...Read more

Omnicom wins McDonald's ad account worth nearly $1 billion

Business / Business News /

CHICAGO -- McDonald's has chosen the winner of its monthslong advertising competition.

Omnicom, the parent company of DDB Chicago, has been awarded control of McDonald's nearly $1 billion annual ad business. As part of the deal, Omnicom will create a new agency that will handle business exclusively for the world's largest burger chain.

...Read more

Mondelez ends bid for Hershey

Business / Business News /

CHICAGO -- Mondelez International has ended its efforts to acquire the Hershey Co., according to a Mondelez news release Monday.

"Our proposal to acquire Hershey reflected our conviction that combining our two iconic American companies would create an industry leader with global scale in snacking and confectionery and a strong portfolio of ...Read more

Nordstrom to sell J. Crew apparel

Business / Business News /

SEATTLE -- Nordstrom will be selling some J. Crew items in a new partnership that expands what's become a successful strategy for Nordstrom: partnerships with limited-distribution name brands.

An "edited assortment" of the J. Crew collection -- including, this fall, its Regent and Rhodes blazers, Italian cashmere and Martie pants -- will be ...Read more

Consumer spending rises for fourth straight month as incomes post strong gains

Business / Business News /

WASHINGTON -- Although the pace of growth slowed, consumer spending posted its fourth straight monthly increase in July, a sign that the economy is poised for a rebound in the second-half of the year.

The Commerce Department reported Monday that personal consumption expenditures were up 0.3 percent last month, a solid figure that was in line ...Read more

New rules on small drones kick in: What you need to know

Business / Business News /

For companies that want to use small drones, a new era began Monday.

That's when rules kicked in that free them from having to request special permission from the federal government for any commercial drone endeavor -- a waiver process that often took months.

Although industry experts say the Federal Aviation Administration's new rules on ...Read more

'Don't Breathe' resuscitates the end-of-summer box office

Business / Business News /

LOS ANGELES -- Breathing life into what was expected to be a slow end-to-the-summer box-office season, Sony Pictures' "Don't Breathe" overperformed, leaving three-time box-office champ, Warner Bros.' "Suicide Squad," in the dust.

The low-budget horror movie raked in a surprising estimated $26.1 million in the U.S. and Canada, well surpassing ...Read more

Military families going with safer investments

Business / Business News /

Military families cope with all types of risk, including wartime deployment, the dangers of combat, frequent relocation and post traumatic stress.

But one risk many are choosing to avoid is having their retirement nest eggs be exposed to the unpredictability of the stock market.

First Command, a Fort Worth, Texas-based financial services ...Read more

A strong market for financial advisors

Business / Business News /

SAN DIEGO -- For LPL Financial Chief Executive Mark Casady, one key to success is not losing sight of your game plan in the midst of distractions.

It's advice that can be applied to investing or to running a business. Over the last couple of years, there have been more than a few distractions for LPL Financial, the largest organization of ...Read more

How to keep your clueless student out of hock

Business / Business News /

ST. LOUIS -- Lots of new high school graduates will soon be heading off to college. It will be their first time managing money on their own, and most will do just fine.

Some, however, will dig themselves into a deep financial hole.

So, let's look for ways to keep your 18-year-old out of money trouble when he's finally cut loose.

For help, we'...Read more

Susan Tompor: October to bring new FAFSA headaches: What do you do next?

Business / Business News /

College students and their parents might feel like they've barely finished unpacking the U-Haul this school year when suddenly they face the unexpected chore of tackling the mind-boggling paperwork for financial aid for the 2017-18 academic year.

Yep, the 2017-18 school year.

Beginning this year, the FAFSA filing season launches Oct. 1. We're ...Read more

Tech firms hire creative minds to inspire workforce

Business / Business News /

MENLO PARK, Calif. -- Artists splash explosions of color on walls along urban streets or on canvases displayed in museums, but in the Bay Area, such creative minds are bringing eye-catching images to a more private space: tech offices.

At Facebook's headquarters, the walls, stairwells and floors are drenched with contemporary art. The company ...Read more

Gail MarksJarvis: Pushing back retirement age to 70 would be harder on low-income workers

Business / Business News /

It sounds like a simple fix to the nation's immense problem of funding Social Security and Medicare for an aging country -- just get everyone to work to 70 and the math works out a lot better.

But this idea, despite being embraced by a number of politicians, has a long way to go. It's being challenged in academic circles as a new form of ...Read more

No one on Kentucky hazmat team got new training for rail oil spills

Business / Business News /

WASHINGTON -- A Kentucky oil train terminal illustrates a persistent gap between the risks posed by increasing volumes of crude oil moving by rail and the training available to local first responders specifically for it.

Continental Refining, which operates a 5,500-barrel-a-day refinery in Somerset, Ky, announced this week that it plans to move...Read more