Bacardi, an iconic brand, struggles at age 153

Business / Business News /

MIAMI -- As a television ad shows, Bacardi's is the ultimate story of corporate survival.

The hero strides through the tribulations of the past 153 years, including fires, earthquakes, Prohibition and the Cuban Revolution to reach his goal: a Bacardi Gold on the rocks, poured by a bartender -- success in a glass.

"Untameable since 1862," the ...Read more

Job market for college graduates gains, but not to pre-recession levels

Business / Business News /

MILWAUKEE -- For Jack Lawinger, a senior studying engineering at Marquette University, the leap from graduation to his career will be an easy one.

He already has a job lined up at Accenture, an international consulting and technology services company, where he will be doing technical work ranging from mechanical engineering to computer software...Read more

In an online world, travel agents can still help

Business / Business News /

PITTSBURGH -- Bill Katz's Squirrel Hill home is adorned with mementos from his travels: a silk screen from China in the living room, a painting from Mexico in the television room and the beloved collection of elephant statuettes assembled by his wife, Phyllis. After 54 years running Pittsburgh travel agency Atlas Travel, Katz can tell you a ...Read more

Young couple balances small business, growing family

Business / Business News /

SEATTLE -- Like other Americans bitten by the entrepreneurial bug, Keri and Stephen Morgret want a small business large enough to support their growing family for years to come.

But turning their startup into a sustainable business they can live on is no simple task -- as the Morgrets know all too well.

They own Morgret Enterprises, which does...Read more

The Journey: You can invest in land with a self-directed IRA

Business / Business News /

Q. My wife and I each have Roth IRA accounts, but neither of us can contribute to our plans any longer because we exceed the income threshold. I would like to use my IRA to buy land in Michigan. Eventually, we would like to build a house on the land, but not for at least 10 years. And the house would be for personal use. Can you give me some ...Read more

Consumer Confidential: 'Free' insurance offer has cost

Business / Business News /

Sally Hwang recently spotted a payment of $8.10 on her checking account statement for accidental death and dismemberment insurance. Problem was, she had no recollection of signing up for such coverage.

Worse, it appeared that Hwang, of Glendale, Calif., had been making the payment every quarter, possibly for years.

"At first, I thought it was ...Read more

Susan Tompor: Baby boomers face financial anxiety

Business / Business News /

Gabriella Barthlow, 52, totally gets it when people talk about the financial anxiety some people 50 and older are feeling.

While the recession is over, Barthlow says some people who should feel good about the prospects of retirement are fearful because they're stuck stringing together a variety of jobs to keep paying their bills.

They're ...Read more

Pimco's quiet point man focuses on reviving company fortunes

Business / Business News /

Battling poor returns and management turmoil early last year, Pacific Investment Management Co. posted a promotional video on its website to reassure nervous investors.

Co-founder and celebrated bond manager Bill Gross was flanked by new faces, including a little-known insider recently elevated to chief executive, Douglas M. Hodge.

Gross, with...Read more

Target takes aim at Latinos with new marketing campaign

Business / Business News /

As singers croon in Spanish during a new television commercial for Target, three generations laugh around the dinner table long after the food has been cleared away.

This is sobremesa, a common practice in Latin cultures of lingering after a meal to chat. English has no comparable term.

"There will always be a part of you that simply doesn't ...Read more

'Furious 7' tops US, 'Avengers: Age of Ultron' scores overseas

Business / Business News /

LOS ANGELES -- "Furious 7" took another victory lap at the domestic box office this weekend, but "The Avengers: Age of Ultron" crushed competitors overseas, launching to an estimated $201.2 million in its first weekend in foreign markets.

That has moviegoers and industry watchers even more geared up for next weekend, when "Age of Ultron" is ...Read more

Corinthian Colleges to shut down more than two dozen remaining schools

Business / Business News /

Corinthian Colleges Inc., the troubled Orange County, Calif. for-profit college operator, announced Sunday that it will end operations and close its remaining schools, affecting more than 16,000 students in California and other states.

In the wake of state and federal investigations into its job-placement practices, Corinthian had already sold ...Read more

When the CEO lives far away

Business / Business News /

Dodgeville. New York. Dodgeville, New York, Dodgeville, New York.

How's a busy CEO to choose?

If you're New York resident Federica Marchionni -- globally focused executive with luxury retailers and mother of a 7-year-old, Italian-speaking boy who goes to a special Italian school in New York City -- you're probably going with the Big Apple.

...Read more

Comcast's failed Time Warner acquisition is a victory for Al Franken

Business / Business News /

WASHINGTON -- Members of Congress use hearings and letters to wield influence over corporate mergers -- and that wascertainly the case with Sen. Al Franken, D-Minn., and the failed Comcast-Time Warner Cable deal.

In attacking the proposal, no lawmaker was a bigger player than Franken, who sent three letters to regulators and caught a Comcast ...Read more

Comcast officially drops TWC bid; Charter seen as likely suitor

Business / Business News /

WASHINGTON--Pay-television leader Comcast Corp. withdrew its $45-billion bid for Time Warner Cable Inc. in the face of a long fight with federal regulators, sending the smaller cable firm on its own in a churning marketplace without the heft it had sought in a merger.

The decision, announced Friday, came after federal regulators earlier this ...Read more

Computer glitch leads to free coffee at Starbucks

Business / Business News /

SEATTLE -- Starbucks' latest offering appears to be free coffee -- the result of a systemwide glitch Friday in its computer system.

At a Seattle coffee shop, a barista declined to charge for an 8-ounce cup of drip coffee, saying it's "on the house" due to a problem that began around 4:10 p.m. Pacific Time.

In Redmond, Wash., coffee, espresso ...Read more

With the Comcast-Time Warner deal dead, LA fans have little hope of seeing Dodgers on TV

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LOS ANGELES -- For Los Angeles Dodgers fans, the long wait to see games televised again may be headed into extra innings.

An estimated 70 percent of Los Angeles-area households don't get the SportsNet LA channel that carries Dodgers games. That situation was expected to be corrected if Comcast Corp.'s planned $45 billion acquisition of Time ...Read more

Family in GET-THIN investigation fights for $109 million in seized funds

Business / Business News /

Federal agents have seized $109 million in cash and securities during an ongoing investigation of the businesses and individuals behind the 1-800-GET-THIN ad campaign for weight-loss surgery -- and lawyers are fighting to get it back.

An attorney representing three people behind the defunct Lap-Band surgery enterprise said the seizure was ...Read more

L.A. prosecutors to use Nextdoor app to strengthen ties with residents

Business / Business News /

Los Angeles city prosecutors will use a highly valued social media app to post about their efforts to combat polluters, school violence and illegal medical dispensaries and to field grievances.

But they won't use Snapchat or Facebook. Instead, City Attorney Mike Feuer announced Friday that his crew of 22 neighborhood prosecutors would become ...Read more

Sondors E-Bike, a big crowdfunded project, tangled in legal dispute

Business / Business News /

A company that raised millions of dollars in an Indiegogo crowdfunding campaign is headed to court.

Entrepreneur Storm Sondors and his Sondors E-Bike have been sued by Agency 2.0, the public relations firm that mounted the crowdfunding campaign.

The effort began with the aim of gaining investment in an affordable electric bicycle and raising $...Read more

Harley-Davidson recalls big motorcycles

Business / Business News /

Harley-Davidson has recalled about 46,000 of its big-bore road motorcycles.

The National Highway Transportation Safety Administration reported Friday that Harley had recalled some 2014 and 2015 models of its Electra Glide, Street Glide, Ultra Limited, Road Glide and Road King motorcycles.

The affected motorcycles have potentially defective ...Read more