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'Moana' retains its charms, leads box office again

Business / Business News /

LOS ANGELES -- Following a massive box-office performance over the Thanksgiving holiday, Disney's "Moana" and Warner Bros.' "Fantastic Beasts and Where to Find Them" continued to be the top performers on a weekend that was as sleepy as expected.

In its second weekend, "Moana" pulled in an additional $28.4 million in the U.S. and Canada, ...Read more

Ford says it's willing to work with Trump on jobs if it likes his policies

Business / Business News /

SOUTHFIELD, Mich. –– Ford Motor Co. was a target of Donald Trump's criticism during his campaign for building cars in Mexico, and now that Trump will be president, Ford said it's willing to work with him to keep jobs in the U.S. –– provided Trump puts the right policies in place, according to the automaker's chief executive officer.

"We...Read more

Veterans plan to be human shields for Dakota pipeline protesters

Business / Business News /

A showdown looms as thousands of veterans from around the country head to North Dakota to be shield Dakota Access Pipeline protesters from police.

The plan by an unarmed citizens' militia, called Veterans Stand for Standing Rock, coincides with North Dakota Gov. Jack Dalrymple's order to evacuate a protesters' camp near the pipeline ...Read more

Gail MarksJarvis: 4 college financial planning tips for parents of high school sophomores

Business / Business News /

If your child is a sophomore in high school now and you do some quick thinking before the end of this year, you may be able to save yourself thousands of dollars paying for college in a few years.

But I mean quick. The sophomore year is when you set the stage for college financial aid under changes adopted recently. If you get busy with the ...Read more

Ivanka Trump's China-sewn fashion line turns profit at a political cost

Business / Business News /

NEW YORK -- If President-elect Donald Trump needs an object lesson on the difficulty of reviving broad sectors of U.S. manufacturing, he need look only as far as his daughter's closet.

Ivanka Trump's $100 million apparel line is sewn in Asian countries under a licensing agreement with G-III Apparel Group, which has expanded from making coats in...Read more

Pimco to pay nearly $20 million to settle SEC charges that it misled investors

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LOS ANGELES -- Investment giant Pimco has agreed to pay a nearly $20 million penalty to the U.S. Securities and Exchange Commission to settle charges that it misled investors about the performance of one of its earliest actively managed exchange-traded funds.

The charges stem from the firm's Total Return ETF, a diversified bond portfolio ...Read more

Pimco to pay nearly $20 million to settle SEC charges that it misled investors

Business / Business News /

LOS ANGELES -- Investment giant Pimco has agreed to pay a nearly $20 million penalty to the U.S. Securities and Exchange Commission to settle charges that it misled investors about the performance of one of its earliest actively managed exchange-traded funds.

The charges stem from the firm's Total Return ETF, a diversified bond portfolio ...Read more

Court OKs California raisin growers' suits to force federal payment for seized crops

Business / Business News /

WASHINGTON -- Numerous California raisin growers are seeking federal compensation for crops surrendered years ago as part of an old supply management system.

Three new court decisions could help them.

In two lawsuits that seek to become a large class-action, and a separate suit filed by a single Fresno County farm, growers seek government ...Read more

'Fintech' firms notch win as regulator allows them to seek federal bank charters

Business / Business News /

Upstart financial firms like Square, Lending Club and SoFi could soon have some of the same powers now held by their older, stodgier banking competitors.

The nation's top bank regulator, the Office of the Comptroller of the Currency, said Friday it would start issuing bank charters to online lenders, payment companies and other financial ...Read more

That 'free cruise' robocall could get you up to $500 as part of $76M settlement

Business / Business News /

CHICAGO -- For anyone whose meal, TV show, tryst or other activity was interrupted by a blaring robocall offering a "free" Caribbean cruise, your ship may have just come in.

Caribbean Cruise Line has agreed to pay between $56 million and $76 million to settle a class action suit alleging the company and its co-defendants made millions of ...Read more

Airlines swim in cash but leave airport workers high and dry

Business / Business News /

After losing more than $50 billion in the decade following the Sept. 11 terrorist attacks, U.S. airlines have been enjoying some financially robust times of late.

On the front lines, airline employees are reaping billions of dollars in wage and benefit increases, plus profit-sharing plans that spell record payouts amid record income. At almost ...Read more

Mnuchin leaves Sears Holdings board as Trump eyes him for Treasury secretary

Business / Business News /

CHICAGO -- Days after news surfaced that President-elect Donald Trump is considering former Goldman Sachs executive Steven Mnuchin for Treasury secretary, Mnuchin says he is stepping down from Sears Holdings' board of directors.

The move is effective immediately, and reduces Sears Holdings' directors to nine, according to a news release.

...Read more

Mall of America welcomes its first black Santa

Business / Business News /

MINNEAPOLIS -- Dozens of Santas cycle through Twin Cities shopping centers each year, spreading joy to children who entrust them with their holiday wish lists. What has been missing from that experience, some parents say, was a Kriss Kringle who represented a wider swath of believers.

This week, for the first time in the Mall of America's 24-...Read more

US economy creates 178,000 jobs in November; jobless rate drops to 4.6 percent

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WASHINGTON -- The U.S. economy produced another solid month of labor market growth, adding 178,000 net new jobs in November while the unemployment rate fell to a nine-year low, the Labor Department said Friday.

The latest jobs report virtually assures that Federal Reserve officials will raise a key interest rate this month.

The unemployment ...Read more

The Week Ahead: Is this the medicine drugmaker stocks need?

Business / Business News /

The political media may be focused on Donald Trump's Twitter feed and the lobby of his building in midtown Manhattan. But over on Capitol Hill, Congress is passing legislation.

And a bill that will head to the Senate in the week ahead could have far-reaching implications for drugmakers, companies that creative medical devices and investors.

...Read more

Mark Phelan: 48 volts power up cars for fuel economy, new features

Business / Business News /

The tipping point for cars to adopt more powerful 48-volt electric systems may be near as automakers turn to small electrically powered superchargers and other systems to deliver more performance from smaller engines.

"The initial conversion will be driven by the need to make vehicles that are fun to drive," Matti Vint, powertrain research and ...Read more

Obama to block Chinese takeover of German company on national security grounds, sources say

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LONDON -- U.S. President Barack Obama is poised to block a Chinese company from buying Germany's Aixtron SE, people familiar with the matter said, which would mark only the third time in more than a quarter century that the White House has rejected an investment by an overseas buyer as a national security risk.

The president is expected Friday ...Read more

Wells Fargo customers harmed by fake accounts would get to sue under proposed legislation

Business / Business News /

WASHINGTON -- Wells Fargo & Co. customers who learned that bank employees opened accounts without their consent later discovered another problem when they tried to sue to recover lost fees and for other damages.

They couldn't.

The San Francisco-based bank says that clauses in contracts the customers signed when they opened legitimate accounts ...Read more

Schultz will hand CEO post to Starbucks president this spring

Business / Business News /

SEATTLE -- Starbucks chief Howard Schultz signaled another step back from day-to-day operations, announcing Thursday he will hand over the CEO post in April to Kevin Johnson, Starbucks' president and chief operating officer.

Schultz, 63, will remain chairman and, as he explained in July, will concentrate his efforts on long-term global strategy...Read more

Donald Trump scares Internet Archive into moving to Canada

Business / Business News /

WASHINGTON -- The internet was created in America. But is it safe in America? Some people don't think so.

A nonprofit group based in San Francisco has decided to "Trump-proof" its massive open-for-all internet library by storing it in Canada as well as the United States.

The group, the Internet Archive, which claims to save some 300 million ...Read more