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Growing call for FTC to investigate EpiPen maker Mylan over price rises

Business / Business News /

WASHINGTON -- Joining a host of lawmakers calling for an accounting, U.S. Sen. Amy Klobuchar of Minnesota has asked the Federal Trade Commission to investigate whether a drug company violated antitrust laws by steeply increasing the price of a product that treats people suffering from severe allergic reactions.

After hearing from constituents, ...Read more

Liquor retailer alleges Connecticut's minimum bottle law violates anti-trust rules

Business / Business News /

HARTFORD, Conn. -- A national liquor retailer filed a federal lawsuit Tuesday seeking to end Connecticut's 35-year-old practice of regulating liquor prices.

Total Wine & More, a fast-growing chain of liquor superstores that has four outlets in Connecticut, contends that the state's regulatory scheme that sets minimum prices for wine and spirits...Read more

Elon Musk says Tesla now has the world's fastest production car

Business / Business News /

SAN FRANCISCO -- Tesla Motors Chief Executive Elon Musk held a news conference Tuesday to announce that the company had shaved a few tenths of a second off its fastest car.

A Tesla Model S P100D equipped with "Ludicrous" mode will now go from 0 to 60 miles per hour in 2.5 seconds, Musk said. The current model makes that jump in 2.8 seconds.

...Read more

Universal sets DreamWorks Animation leadership team

Business / Business News /

LOS ANGELES -- Universal Filmed Entertainment Group has solidified the leadership structure for DreamWorks Animation, a day after NBCUniversal completed its $3.8 billion acquisition of the Los Angeles-area studio.

DreamWorks Animation's film group, known for movie franchises like "Kung Fu Panda" and "Shrek," will continue to be run by feature ...Read more

NLRB rules that grad students are employees, opens door to unionization

Business / Business News /

In a major decision that opens the door for graduate students across the country to unionize, the National Labor Relations Board ruled Tuesday that grad students who work as teaching and research assistants are employees covered by federal labor laws.

The 3-1 decision -- which stems from a petition filed by a group of graduate students at ...Read more

The newest challenge to family farms: Low milk prices

Business / Business News /

WASHINGTON -- Arden Tewksbury has been a dairy farmer in northeast Pennsylvania for most of his 83 years. He's also an agricultural activist who's part of a movement to try to stop the loss of family-owned dairy farms across the country due to record-low milk prices, a glut of milk on the world and U.S. markets, and reduced federal subsidies.

...Read more

Smucker reports profit increase, sales decline

Business / Business News /

AKON, Ohio -- Food- and coffee-maker J.M. Smucker Co. on Tuesday reported a decline in sales but also announced per-share results that beat analysts' forecasts.

Revenue for the first quarter declined to $1.82 billion. That's down 7 percent from the same period last year.

The company's shares dropped 8.1 percent in trading Tuesday, closing at $...Read more

Head of Brazilian tourism board says no lasting damage from 'Lochte mess'

Business / Business News /

MIAMI -- Brazilians were steamed when Olympic swimmer Ryan Lochte told a tale of armed robbery and a gun pointed at his head during at night on the town in Rio de Janeiro, but the head of Brazil's tourism board said Tuesday there was no lasting damage to Brazil's image.

"No, not at all -- if anything it was quite the opposition," said Vincius ...Read more

Best Buy shares boom upward after strong results

Business / Business News /

MINNEAPOLIS -- Best Buy Co. shares jumped 19 percent, the biggest-one day gain in at least a decade, Tuesday morning after the company reported better-than-expected results in the May-to-July period.

The company's net profit rose 21 percent and its sales showed modest growth where it had expected none. Sales of TVs, appliances, computing, and ...Read more

McDonald's recalls 29 million fitness bands that were in Happy Meals

Business / Business News /

CHICAGO -- McDonald's is recalling 29 million fitness wristbands distributed in Happy Meals after dozens of children reportedly developed skin irritations.

The fast-food giant, headquartered in suburban Chicago, stopped including the "Step-iT" activity wristbands in meals last week after receiving "limited reports" of skin irritations ...Read more

Andrea Tantaros calls Fox News a 'sex-fueled Playboy Mansion-like cult' in lawsuit

Business / Business News /

Cable news host Andrea Tantaros has filed a lawsuit against Fox News, its ousted leader Roger Ailes and its top executives, claiming she was removed from her on-air role in retaliation for making a sexual harassment complaint.

Tantaros, a former co-host of the Fox News daytime program "Outnumbered," has been off the air since April 25. The ...Read more

Trump effort to stoke fear over Boeing laughed off by experts

Business / Business News /

WASHINGTON -- For over a year, Donald Trump has had a message for voters whose livelihood depends on the aircraft industry, specifically aviation giant Boeing -- elect me, or your jobs are moving to China.

Aircraft industry analysts say that claim is unfounded -- "side-splittingly hilarious," in the words of Richard Aboulafia, vice president of...Read more

Diane Stafford: How to find a good career adviser

Business / Business News /

"How do I find a career counselor?"

It's a common question. And, as usual, there isn't a one-size-fits-all answer.

That's partly because the question often comes from parents or grandparents concerned about a younger family member. So to get that out of the way quickly: You don't find one. Your adult child or grandchild does. You can merely ...Read more

Rex Huppke: When getting your head in the clouds is a good thing

Business / Business News /

I saw some clouds the other day.

That's not inherently exciting, I know, but stick with me.

It was a weekend evening and I was grilling on the back porch with the grill lid down and my mind, as usual, was racing.

Life is hectic. I'm sure you can relate.

I'm busy with my kids, with errands and bills and projects and household chores. And I'm ...Read more

Liz Reyer: Starting a new business? Here are basic steps to get started

Business / Business News /

Q: I was laid off recently after about 15 years in my job. I liked my old career, but am taking advantage of this opportunity to start my own business. What should I consider to increase my chances of success?

--Robbi, 48, new entrepreneur

A: That's a lot of change to go through, so make sure you're giving yourself chances to process ...Read more

Your Office Coach: Don't promise promotions to unproven employees

Business / Business News /

Q: I don't know how to tell an employee that she won't be receiving an expected promotion. "Greta" will willingly take on any task but pays no attention to details. We've had many discussions about the errors she makes, yet her work still hasn't improved.

Greta worked here before, and she had the same problem then. I only hired her back because...Read more

Sumner Redstone saga continues as granddaughter challenges Viacom settlement

Business / Business News /

LOS ANGELES -- Sumner Redstone's granddaughter Keryn Redstone did not participate in Viacom's boardroom settlement, and would like an opportunity to weigh in, according to court papers filed Monday morning.

Late last week, Viacom's board approved an agreement with National Amusements Inc., the investment firm that holds Sumner Redstone's and ...Read more

Kobe Bryant, business partner lift veil on investment strategy

Business / Business News /

LOS ANGELES -- Kobe Bryant has been no stranger to China, where he spends big to sponsor youth sports and education programs.

His well-documented efforts led an investor in a Chinese online education startup to reach out to him earlier this year. Two months ago, the basketball legend crossed the Pacific to meet with the company, Vipkid, which ...Read more

Office Depot CEO to retire

Business / Business News /

FORT LAUDERDALE, Fla. -- Three months after a plan to merge with rival Staples failed, Office Depot announced Monday that CEO Roland Smith will retire.

Smith, 61, will leave as CEO -- but stay on as chairman -- when a new top executive is named, expected by the first quarter of 2017, the company said.

The announcement follows the retirement of...Read more

Kanye West pens poem about McDonald's, has intense fry-related feelings

Business / Business News /

CHICAGO -- Kanye West has a complicated relationship with McDonald's french fries.

As part of last week's release of Frank Ocean's new album "Blond" and visual album "Endless," West penned a poem titled "McDonald's Man" for the accompanying "Boys Don't Cry" magazine. The zines were only available at four pop-up shops, one each in the Chicago ...Read more