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Google parent Alphabet blasts past Wall Street expectations but sees profit hit by EU fine

Business / Business News /

MOUNTAIN VIEW, Calif. -- A multibillion-dollar fine from the European Union slashed Alphabet's second-quarter profit and shareholder gains, but the company still blew past Wall Street predictions for revenue, profit and per-share earnings.

Alphabet, Google's parent firm, on Monday reported second-quarter revenue of $26 billion, well above ...Read more

Bush's Baked Beans recalled because of defective cans

Business / Business News /

Certain cans of Bush's Best Baked Beans -- Brown Sugar Hickory Baked Beans, Country Style Baked Beans and Original Baked Beans -- are being recalled because of a potential problem with a seam on the cans.

People should get rid of the recalled beans even if the food does not seem to be spoiled, Bush Brothers & Co. said Saturday in announcing the...Read more

Who owns Snopes.com? Dispute puts future of fact-checking site in question

Business / Business News /

SAN DIEGO -- Fact-checking site Snopes.com is asking readers to save the advertising-funded sleuthing service, which is in dire financial straits. The company is seeking donations through a GoFundMe campaign, which has raised upward of $130,000 of its $500,000 goal in a matter of hours.

The reason for the plea is this: Behind the scenes, Snopes...Read more

Billionaire businessman on controversial sign: 'We screwed up badly'

Business / Business News /

DETROIT -- A Sunday-night Facebook post signed by billionaire businessman Dan Gilbert announced that his organization "screwed up badly" when posting a sign in downtown Detroit that said, "See Detroit like we do."

Filling windows along a building's ground level, the sign featured the insignia of Gilbert's Bedrock real estate company and a ...Read more

'Dunkirk,' 'Girls Trip' wage war on box-office expectations, as 'Valerian' disappoints

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LOS ANGELES -- In a rare weekend tug-of-war among three wildly different original films, the box-office figures are a testament to big-budget risks begetting big-time payoff -- at least, if you're Christopher Nolan.

The releases of Nolan's "Dunkirk," Malcolm D. Lee's "Girls Trip" and Luc Besson's "Valerian and the City of a Thousand Planets" ...Read more

Susan Tompor: No one thinks they'll fall for a phishing attempt at work — until they do

Business / Business News /

Quite honestly, many of us can only wonder how anyone falls for some incredibly old tricks in the hacking book. Like, really, who sits down at work and opens an attachment connected to a vague request in an email without first questioning whether the sender is legitimate?

Who would quickly send off batches of W-2 information to unauthorized ...Read more

Class lawsuit takes aim at dicamba producers, accuses Monsanto reps of condoning illegal spraying

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ST. LOUIS -- As suspected drift from dicamba took a toll on farmers the past two growing seasons, Monsanto -- the Creve Coeur, Mo.-based agribusiness company that helped give the herbicide newfound prominence with its introduction of dicamba-tolerant crop varieties -- publicly urged growers not to spray illegal kinds of the product while new ...Read more

Gail MarksJarvis: Savvy saving: 4 ways to snag the highest interest rates

Business / Business News /

At long last, banks are becoming a little more generous with savers.

But the emphasis here is on "a little." If you have been looking around for higher interest rates, you'll be able to find an appetizer now, but not a feast.

And don't expect them to come to you. Higher interest rates probably won't be served up by your friendly neighborhood ...Read more

SpaceX may have canceled Red Dragon Mars mission

Business / Business News /

LOS ANGELES -- SpaceX may have canceled its mission to Mars with a Red Dragon capsule that was set for 2020.

Company Chief Executive Elon Musk retweeted a story late Friday afternoon titled "SpaceX skipping Red Dragon for 'vastly bigger ships' on Mars" that was published on Tesla enthusiasts blog Teslarati.

The news comes after Musk said ...Read more

New White House communications director has traveled to Cuba to scout investment opportunities

Business / Business News /

MIAMI -- Anthony Scaramucci, the new White House communications director, has traveled to Cuba several times to explore the possibility of doing business on the island.

Scaramucci, whose appointment on Monday led to the resignation of White House press secretary Sean Spicer, is the founder of the global investment firm SkyBridge Capital. He ...Read more

US orders Wells Fargo to reinstate whistle-blower and pay $577,500 in compensation

Business / Business News /

LOS ANGELES -- The U.S. Labor Department has ordered Wells Fargo & Co. to reinstate another former employee who alleged she was fired after reporting part of the widespread fraud that engulfed the bank in a major scandal.

The whistle-blower, a former branch manager in Pomona, Calif., will be reinstated and paid $577,500 in back wages, damages ...Read more

United Airlines says it's bumping fewer passengers since dragging scandal

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United Airline's image took a beating in April because of an ugly incident caught on video involving a passenger who was dragged from his seat.

Since an initial defensive response, the carrier has been working overtime to rebound from the scandal.

The Chicago-based carrier this week reported that the number of passengers involuntarily denied ...Read more

Scaramucci, now at White House, has unfinished business in China

Business / Business News /

NEW YORK -- Anthony Scaramucci, the Trump administration's new communications director, finally made the leap from Wall Street to the White House. Selling his hedge fund firm to a Chinese company will take longer.

The sale of SkyBridge Capital to conglomerate HNA Group Co. has been delayed by the Committee on Foreign Investment in the United ...Read more

Bank of America picks Dublin for EU base following Brexit

Business / Business News /

CHARLOTTE, N.C. -- Bank of America announced Friday that Dublin will be the new base for its European Union operations following Britain's decision last year to split from the EU.

Brian Moynihan, CEO of the Charlotte-based bank, made the announcement during a trip to the Irish capital city. The company becomes the latest large U.S. bank in ...Read more

Lyft to build its own self-driving technology, open lab in Palo Alto

Business / Business News /

SAN FRANCISCO -- Lyft said on Thursday it will develop its own autonomous driving technology and open a laboratory in the Silicon Valley city of Palo Alto to help build the hardware and software.

Lyft's plan to build in-house self-driving technology is a pivot from what has been a strategy of primarily focusing on building partnerships with car...Read more

Consumer Confidential: For banks, a particularly nasty fee

Business / Business News /

When it comes to corporate greed, there are some fees charged by big companies that are so indefensible, so blatantly money-grubbing, they almost have to be savored like a fine wine. Otherwise, it's just too painful to think these guys are routinely taking us to the cleaners.

For instance, there's the $1.75 that AT&T charges every month to not ...Read more

Sources: TV station deals may quicken with US poised to ease rules

Business / Business News /

The U.S. Federal Communications Commission plans to ease TV ownership limits in local markets in September, according to three people briefed on the agency's plans that could help unleash dealmaking long sought by broadcasters.

Rules up for a vote include one that would permit ownership of two of the four most-viewed stations in a market, said ...Read more

The Week Ahead: Facebook's slower-growth future may be here

Business / Business News /

The future for Facebook will arrive when it reports its second-quarter financial results on Wednesday in the week ahead. A year ago, the social media giant gently began to warn shareholders not to expect its monster revenue growth to continue. In the language of Wall Street, sales growth would be decelerating.

Why? Because Facebook has reached ...Read more

Mark Phelan: New Accord, Camry struggle for relevance as sedan sales plummet

Business / Business News /

Honda unveiled its all-new 2018 Accord sedan in midtown Detroit earlier this month, perfectly timed to challenge the new 2018 Toyota Camry for supremacy in midsize sedan sales.

If that excites you about as much as a pair of 1970s arena-rock bands announcing their eighth farewell tour, congratulations: You're not a baby boomer.

For a generation...Read more

Under the Hood: How to perform voltage drop testing

Business / Business News /

Q: The left taillight on my pickup is somewhat dimmer than the one on the right side. It's not bad enough to go through the trouble and expense of having fixed it. But it bugs me. Any chance you have some tips about making this go away? I changed the bulb a few months ago, and that didn't help.

-- Eric J.

A: Your question presents a great ...Read more

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