Despite White House opening, exports to Cuba continue to drop

Business / Business News /

WASHINGTON -- U.S. agricultural and food exports to Cuba continued dropping in recent months, despite this being the year the United States is working to substantially open trade with the island nation.

In August, exports of food and agricultural products authorized under a 2000 trade law dropped to $2.3 million, according to new data from the ...Read more

SABMiller agrees in principle to merge with Budweiser owner AB InBev

Business / Business News /

Beer giants Anheuser-Busch InBev and SABMiller are one step closer to creating a brewing behemoth.

The world's two largest brewers said Tuesday they had reached an agreement on the key terms of a potential takeover offer after weeks of haggling.

A combined company would control 49.5 percent of the global market share in beer, according to ...Read more

Twitter to lay off up to 336 employees worldwide

Business / Business News /

SAN FRANCISCO -- Twitter plans to lay off up to 336 people, slashing about 8 percent of its workforce worldwide, the tech firm announced Tuesday.

The layoffs come as the social media company, which has struggled to attract new users and impress Wall Street, is trying to change how it works and what it needs to do to accomplish its goals, ...Read more

Phil Rosenthal: Does Bud-Miller deal look better at closing time?

Business / Business News /

Acutely aware of its clock ticking, SABMiller on Tuesday accepted brewing rival Anheuser-Busch InBev's marriage proposal.

An improved deal worth a reported $106 billion, an ample dowry by any standard, no doubt helped nudge the London-based parent of Chicago's MillerCoors to say yes just ahead of a midweek deadline imposed by United Kingdom ...Read more

Twitter announces it will lay off 8 percent of its workforce

Business / Business News /

Twitter Chief Executive Jack Dorsey may have spoken too soon back in June when he described the company's direction as "extremely strong and beautiful."

The San Francisco microblogging site will cut 336 employees, or 8 percent of its global workforce, as part of a restructuring plan. Twitter began notifying affected employees on Tuesday, while ...Read more

No nudes allowed: Playboy decides to put it all back on

Business / Business News /

Where once Marilyn Monroe, Pamela Anderson and Naomi Campbell lolled in the nude, future centerfolds will be bikini-clad, and more, Playboy has announced. The magazine that got famous for showcasing naked women is giving up nudity.

What's to blame, of course, is the Internet.

"You're now one click away from every sex act imaginable for free," ...Read more

Workplaces begin to offer expanded parental leave

Business / Business News /

BALTIMORE -- East Coast bank M&T Bank recently announced expanded parental leave benefits for all its employees, joining a flurry of corporate parental leave expansions as employers respond to societal shifts and increasing demands on employees on the job and at home. Companies such as Accenture, Microsoft and Netflix all have announced enhanced...Read more

Professional spaces can get 'childish'

Business / Business News /

Making a face behind a co-worker's back may not be the most professional way to express annoyance, but it beats throwing a temper tantrum.

The modern workplace has left most of its gray suits in the closet and cheered the arrival of pets and the occasional basketball hoop. But that less formal atmosphere may have opened the door to other less ...Read more

Balancing Act: Tech-savvy millennial moms work on their own terms

Business / Business News /

After dropping her three children off at preschool, Joanna Navarrete gets on the Internet and promotes her business. She blogs. She reviews. She posts information on websites -- all to get expecting moms to hire her for consultations or attend her monthly classes on caring for multiples.

"I want to feel productive and benefit my home," says the...Read more

Diane Stafford: Some retailers stop on-call scheduling

Business / Business News /

When I've been out reporting on workers' protests for a higher minimum wage, fast food and retail workers repeatedly have told me three things:

--Their hourly pay rate isn't enough to pay basic living expenses.

--They're not getting enough hours on the job.

--They can't get a second job because they're required to be available for their first...Read more

Liz Reyer: What to do on a project when the boss provides little guidance

Business / Business News /

Q: My boss just threw me in the deep end of the pool on a new project; he has a lot of expertise in the area, me, not so much. Is this tough love, or is he setting me up to fail? Either way, how do I handle it?

A: Ask good questions, find others to learn from and don't let it get in your head.

My bias is that it's helpful to stay positive, so ...Read more

Rex Huppke: Someday, a robot could be your boss

Business / Business News /

I peered into the future of the workplace, my friends, and came away with both bad and good news.

The bad news is there's a very good chance that by 2018, some of you will be fired by a robot.

The good news is you'll be able to tell people that you were fired by a robot, which, quite frankly, is such a good story that it might be worth getting...Read more

How working at McDonald's helped CEO find health food success

Business / Business News /

CHICAGO -- Samir Wagle, a fit and energetic 45-year-old, ambled into a downtown Chicago Protein Bar recently and gave fist bumps to some of his employees.

Once a McDonald's fry cook (more on that later), Wagle was named Protein Bar's new CEO in December, succeeding company founder Matt Matros.

Until last year, Wagle worked as chief operating ...Read more

Your Office Coach: 'Confrontation' not necessary in asking for a raise

Business / Business News /

Q: Although I was promoted more than a year ago, no one ever said anything about a raise. I don't think I should have to go crawling to management for money, but I'm tired of doing more work for the same pay. Since this company doesn't do performance reviews, the subject will never come up unless I say something.

Unfortunately, I am not ...Read more

Dell makes big move with $67 billion bid for EMC

Business / Business News /

AUSTIN, Texas -- For years, Dell Inc. has been working to transition from being a PC-maker into a wide-ranging, full-service technology company.

On Monday, the company, based in suburban Austin, took the biggest step yet in its transformation, agreeing to buy data storage giant EMC Corp. for $67 billion -- a deal that is the biggest information...Read more

Lawsuit seeks Volkswagen buyback of emissions-cheating diesels in California

Business / Business News /

LOS ANGELES -- California owners of Volkswagen diesel cars caught up in the emissions-test rigging scandal might have a shot at getting the German automaker to buy back the vehicles.

A Seattle law firm filed a class action lawsuit against Volkswagen in Los Angeles federal court Monday demanding an immediate buyback under California emissions ...Read more

UAW sets 2-day voting period for new FCA contract

Business / Business News /

DETROIT -- The UAW union has decided to condense the voting period on its new agreement with Fiat Chrysler Automobiles to just two days as it tries to avoid some of the problems that led to the rejection of its first agreement with the automaker earlier this fall.

Union members are scheduled to vote on the tentative agreement Oct. 20 and Oct. ...Read more

Princeton professor wins Nobel memorial prize in economics

Business / Business News /

A Princeton University professor on Monday won the Nobel memorial prize in economic sciences for his research on consumption, poverty and welfare.

In awarding this year's $960,000 prize to a single person, Angus Deaton, a Scottish-born microeconomist, the Nobel committee said his work had deepened understanding of core issues of consumption, ...Read more

Tesla Motors investors turn bearish as stock slumps

Business / Business News /

Some investors are souring on Tesla Motors, long one of the favorite stocks on Wall Street.

Shares of the Palo Alto, Calif., electric car company have dropped 22 percent from their three-month high of $282.26 on July 20 to close Friday at $222.69. In trading Monday morning, Telsa shares slipped another 1 percent to $218.50. Three analysts ...Read more

Southwest says systems back to normal after glitch led to hundreds of flight delays

Business / Business News /

Southwest Airlines said Monday that its technical systems were performing normally, a day after a glitch led to hundreds of flight delays nationwide.

In a statement, the airline said teams worked throughout the night to "ensure the smoothest operation of our originating and later flights."

Southwest said the technical issues affected about 500...Read more