Health insurers plan higher premiums as exasperation with Trump grows

Business / Business News /

WASHINGTON -- Health insurers across the country are making plans to significantly raise premiums or leave Affordable Care Act marketplaces as exasperation grows with the Trump administration's erratic management of the program.

Meanwhile, state insurance regulators -- Democratic and Republican -- have increasingly concluded they cannot count ...Read more

Arconic, hedge fund strike peace deal

Business / Business News /

PITTSBURGH -- Arconic and Elliott Management announced Monday they have resolved their bitter proxy fight, with the specialty metals part maker agreeing to put three more representatives of the activist hedge fund on its board of directors.

Arconic also agreed to elect its entire board annually and do away with a requirement for a supermajority...Read more

Ford ousts CEO as auto industry faces transformation

Business / Business News /

SAN FRANCISCO -- In the latest sign that driverless cars and other revolutionary new technologies are shaking automakers to their roots, the chief executive of Ford Motor Co. just got tossed.

The replacement of Mark Fields with Jim Hackett, who had been running a new unit focused on cutting-edge transportation, is a big deal for Ford. But with ...Read more

Ford names new CEO amid management shake-up

Business / Business News /

DETROIT -- Ford confirmed on Monday that, in a wide-ranging reshuffling of the company's top management, Jim Hackett will become the automaker's new CEO. The move brings the three-year tenure of Mark Fields as chief executive to an abrupt end.

In comments Monday Ford Executive Chairman Bill Ford praised the tenure and achievements of Fields but...Read more

Trump administration gets delays on decision over legal challenge to Obamacare aid for the poor

Business / Business News /

WASHINGTON -- A federal court Monday granted the Trump administration more time to decide how to handle a lawsuit challenging federal healthcare aid for low-income Americans who rely on Obamacare health plans.

The move may put off a showdown over the assistance, which health insurers and many experts believe is crucial to sustaining insurance ...Read more

How the Koch network could sink tax overhaul

Business / Business News /

WASHINGTON -- The lobbying and political network of Charles and David Koch, bogeymen to Democrats for years, is poised for a significant policy win -- but it will come at the expense of fellow conservatives on Capitol Hill.

Their victory also could derail a policy goal they share with those same Republican lawmakers: a permanent comprehensive ...Read more

'Alien: Covenant' barely overpowers 'Guardians' at box office

Business / Business News /

LOS ANGELES -- After almost 40 years, audiences are still interested in the "Alien" universe. Ridley Scott's "Alien: Covenant," from 20th Century Fox, dethroned Marvel's "Guardians of the Galaxy Vol. 2," which had topped the box office for two straight weeks. Meanwhile, Warner Bros.' "Everything, Everything" and Fox's" "Diary of a Wimpy Kid" ...Read more

Canada prepared for talks to rework NAFTA, trade minister says

Business / Business News /

HANOI, Vietnam –– Canada is prepared to start talks to renegotiate the North American Free Trade Agreement and is confident it will get a successful outcome, Trade Minister Francois-Philippe Champagne said Sunday.

"When you start a discussion you start with saying, 'Well, we're the first client'," Champagne said on the sidelines of a ...Read more

Victims of alleged U.S. visa fraud sue to get their money back

Business / Business News /

William Lim, wanting an American education for his children, said he put $500,000 into a visa program that provides green cards in exchange for job-creating investments in the U.S.

After giving his money to the California Investment Immigrant Fund in 2011, the Chinese businessman took annual trips to Los Angeles. Each time, he said, a ...Read more

Michael Hiltzik: If Trump thinks he can get more than 3 percent economic growth, he's dreaming

Business / Business News /

With the political world deeply focused on the question of whether the Trump Administration comprises a gang of Russian pawns, less attention has been devoted to more mundane questions such as: what ever happened to Trump's economic policy?

As it happens, economists are keeping their eye on that ball, and their conclusion is that it's in a bad ...Read more

Susan Tompor: Crooked tech support outfits steal nearly $25 million

Business / Business News /

Carolyn Aronson got caught not once, but twice, by tech-support scams, to the tune of $800.

The first time, she was trying to download Windows 10 for free back in 2015. But a dire-looking warning popped onto the screen.

"All of a sudden, my computer just went nuts," said Aronson, 74. "I'm rattled at this point."

So she quickly called the ...Read more

Special counsel's investigation could reach into Trump's business empire

Business / Business News /

WASHINGTON -- The appointment of a special counsel empowered to investigate ties between Russia and Donald Trump's presidential campaign now brings the developer's business empire under scrutiny.

It's an entirely new ballgame for the Trump Organization, which until the counsel's appointment Wednesday had been somewhat removed from the political...Read more

AT&T strike may close your local store this weekend

Business / Business News /

If you are an AT&T customer, you might have woken up Friday and thought to yourself, "Why, this weekend would provide a perfect opportunity for me to finally get down to my corner AT&T store, see about upgrading to a new cellphone and, maybe, look into subscribing to DirecTV!"

But you might want to put those thoughts aside and make other plans....Read more

Frontier Airlines flight attendants sue over right to pump breast milk

Business / Business News /

Two Frontier Airlines flight attendants have filed federal complaints against the Denver-based carrier, saying the airline discriminated against them by not allowing them to pump breast milk while on duty.

The flight attendants, Jo Roby and Stacy Rewitzer, filed discrimination charges with the Equal Employment Opportunity Commission with the ...Read more

Jury awards T-Mobile $4.8M in trade-secrets case against Huawei

Business / Business News /

SEATTLE -- A robot named "Tappy" has finally had its day in court, and emerged victorious. Well, its creator -- T-Mobile -- did.

A long-running lawsuit that T-Mobile filed in 2014 against Chinese smartphone maker Huawei concluded in federal court in Seattle this week. A jury decided that Huawei misappropriated trade secrets belonging to T-...Read more

Fiat Chrysler hopes new EPA application will clear diesel emissions dispute

Business / Business News /

DETROIT -- Fiat Chrysler Automobiles announced Friday that it has formally applied for emissions certification for its 2017 Jeep Grand Cherokee and Ram 1500 diesel vehicles that it hopes will resolve allegations of Clean Air Act violations.

The automaker believes the software fix it has proposed will resolve concerns from the federal government...Read more

How I survived Roger Ailes' wrath in 1988: 'He wanted to beat you up a little bit'

Business / Business News /

Before Roger Ailes made TV history with the launch of Fox News, he was considered the best political media strategist in the business.

I first got to know Ailes in 1988 when I was a writer for the advertising trade magazine Adweek. An all-star lineup of creative ad people earned kudos for the gauzy "Morning in America" commercials made for ...Read more

Football helmet-makers Riddell, Schutt butt heads in patent lawsuit

Business / Business News /

CHICAGO -- The two largest football helmet manufacturers in the U.S. are once again butting heads in court over allegations of patent infringement.

Schutt Sports of downstate Litchfield, Ill., filed a federal lawsuit Thursday against Rosemont-based Riddell over football helmet technologies. The complaint identifies a number of models, including...Read more

Net neutrality gets nasty; reporter says he was 'manhandled' by FCC security

Business / Business News /

WASHINGTON -- As the Federal Communications Commission considered changes to net neutrality rules designed to preserve an open internet, some people said the environment at the agency's public meeting this week was anything but open.

John Donnelly, a reporter for CQ Roll Call, said he was manhandled by two FCC security guards when he tried to ...Read more

Cybersecurity experts gather to try to prevent future attacks like WannaCry

Business / Business News /

An entire team of experts works at the Mayo Clinic to ensure that 25,000 networked medical devices -- everything from digital cameras to proton beam therapy systems -- are hardened against cyberattacks like the WannaCry worm that affected hospitals from England to China last week.

It's no easy job, but -- knock on wood -- there have been no ...Read more

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