General Mills' venture arm invests in company that delivers fresh-cooked meals for dogs

Business / Business News /

The venture arm of General Mills is making its first outside investment in pet food and chose a startup that sends fresh-cooked meals directly to the homes of dog owners.

301 Inc., charged with finding the latest and greatest in food trends on behalf of General Mills, believes many pet owners are willing to pay a premium for a subscription meal...Read more

Warren Buffett says Apple is probably the 'best business' in the world

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Warren Buffett, the legendary investor known for his no-nonsense approach to putting his money into stocks and businesses, has some high praise for what is arguably the most-iconic of all Bay Area companies, Apple.

On Monday, Buffett, the chief executive of Berkshire Hathaway, called Apple "probably the best business I know in the world," and ...Read more

Pressure mounts on Ford CEO Jim Hackett as stock drops to 52-week low

Business / Business News /

A $7.89 price tag is a bargain for just about anything these days.

Including Ford Motor Company stock.

"Ford's stock is at its lowest point since the Great Recession," said John McElroy, host of "Autoline After Hours" and a longtime automotive analyst. "While this would normally put enormous pressure on CEO Jim Hackett, his recent reshuffling ...Read more

Democrats slam $3 billion Wells Fargo settlement as 'slap on the wrist'

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Democrats blasted the $3 billion sales practices settlement that Wells Fargo came to with federal officials on Friday, calling it "a slap on the wrist" for a bank that could easily pay the cost of the deal.

The settlement, reached between the bank, federal prosecutors and the Securities and Exchange Commission, essentially put Wells Fargo on a ...Read more

Your Tesla could explain why it crashed. But good luck getting its Autopilot data

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On Jan. 21, 2019, Michael Casuga drove his new Tesla Model 3 southbound on Santiago Canyon Road, a two-lane highway that twists through hilly woodlands east of Santa Ana, Calif.

He wasn't alone, in one sense: Tesla's semiautonomous driver-assist system, known as Autopilot -- which can steer, brake and change lanes -- was activated. Suddenly and...Read more

Investors face more risk that Sanders will win, Wall Street says

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NEW YORK -- As U.S. stocks tumbled on Monday, hit by mounting coronavirus fears, analysts also flagged the possibility that investors haven't been taking Bernie Sanders seriously enough, after the Vermont senator's surprisingly broad support in the Nevada caucus Saturday.

Sectors with exposure to the progressive candidate, including managed ...Read more

Erin Arvedlund: 'Dark Towers' shines light on Deutsche Bank — financier of Trump, Kushner, and Russian oligarchs

Business / Business News /

The juiciest parts of the new book Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction pick up where the last scandal involving the bank left off -- manipulating interest rates amid the 2008 financial crisis. This isn't just an expose of a massive global bank. It's also the tragic story of a senior Deutsche executive, Bill...Read more

Solar and wind power are pushing down electricity prices in New England, but carbon fuels still dominate

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Renewable energy is beginning to have an impact where it counts, in the cost of electricity, as generators pledge to sell power to the New England grid at prices that keep falling and will be down more than 70% over four years by 2023.

As a result, consumers will likely pay less, but the dollar impact on electricity bills is not known because ...Read more

Buffett extols value of stock bets in a year without big deals

Business / Business News /

NEW YORK -- Warren Buffett sought to justify the importance of his $248 billion stock portfolio, saying the investments are more than just "dalliances" with the companies he takes stakes in.

The billionaire investor spent a portion of his annual shareholder letter, released Saturday, detailing how an accounting difference between his stock ...Read more

'Sonic the Hedgehog' surpasses 'The Call of the Wild' for top box office spot

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LOS ANGELES -- Two family films ruled a light box office weekend as Disney and 20th Century Studios' "The Call of the Wild" faced off against Paramount's holdover "Sonic the Hedgehog."

Both are live action-CG hybrids, but "Sonic" emerged the victor, surpassing the $100 million milestone in its second weekend by adding $26.3 million (a 55% drop)...Read more

Tesla rival sets out to banish 160-year-old lead tech from cars

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TALINN, Estonia -- Your sleek new Tesla Model S or electronic BMW has a distinctly 19th century feature that you may not be aware of, among its batteries. A company in Estonia wants to change that.

Skeleton Technologies Group OU is working on supercapacitors, light-weight and long-life components that can distribute intensive bursts of power. ...Read more

UnitedHealthcare tackles homelessness as a root cause of poor health, and Philly is a test bed

Business / Business News /

PHILADELPHIA -- Purvis Wright's health, and life, were spiraling out of control.

Wright went to the hospital in July 2018 after a spate of blackouts and throwing up blood. "It was all downhill," Wright said this month. "I wound up with my eight or nine different sicknesses all at once."

After a long stay at Einstein Medical Center Philadelphia...Read more

Twitter is suspending 70 pro-Bloomberg accounts, citing 'platform manipulation'

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Michael R. Bloomberg's presidential campaign has been experimenting with novel tactics to cultivate an online following, or at least the appearance of one.

But one of these strategies -- deploying a large number of Twitter accounts to push out identical messages -- has backfired. On Friday, Twitter began suspending 70 accounts posting pro-...Read more

Wells Fargo pays $3 billion, avoids prosecution for sales abuses

Business / Business News /

Wells Fargo & Co. will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges.

The deferred-prosecution agreement with the Department of Justice spares the San Francisco-based lender a potential criminal conviction that can create ...Read more

Xerox to keep pursuing HP despite poison pill plan

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Xerox said Friday that it intends to push ahead with its efforts to acquire HP despite the Palo Alto-based company adopting a shareholders rights plan meant to stymie Xerox's unsolicited buyout attempt.

Xerox's comments are the latest in what has been a three-month-long effort by the printing and imaging company to acquire HP. Xerox's current ...Read more

Coronavirus fears lead Facebook, Sony to quit Game Developers Conference

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Another big Bay Area tech conference is taking a hit due to the worldwide coronavirus outbreak.

Facebook and Sony have said they won't attend the annual Game Developers Conference (GDC) that is set to be held at San Francisco's Moscone Center next month due to concerns about the ongoing coronavirus epidemic. Facebook also said representatives ...Read more

'We just want to show good films': A rare black-owned movie theater in Maryland celebrates its first anniversary

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BALTIMORE -- Anthony Fykes' proudest moment during his first year as co-owner of Next Act Cinemas in Pikesville, Md., came when he screened the movie "Harriet" for a bunch of kids from a nearby school.

Many students -- giggly and boisterous, their energy pulsing through the 1937-era movie palace once known as the Pikes Theatre -- didn't know ...Read more

Flying Car Mode and other secrets of the 2020 Corvette Stingray

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LAS VEGAS -- Evading helicopter surveillance and channeling the spirit of the "godfather of the Corvette" were business as usual for GM engineers developing the 2020 Chevrolet Corvette Stingray, code-named C8 because it's the eighth-generation of the sports car.

The first mid-engined production car in Corvette history, the new Stingray had near...Read more

'Mandalorian' fans can now purchase their own giggling, ear-wiggling Baby Yoda toys

Business / Business News /

Take our money, Disney can.

The studio giant has unveiled new official merchandise modeled after the Child -- better known as Baby Yoda -- from "The Mandalorian." As of Thursday, multiple wide-eyed, green-skinned items are available for preorder, including a lifelike, animatronic replica of the tiny breakout Disney+ star.

"Good Morning America...Read more

Consumer Confidential: The cure for healthcare? An end to selfishness

Business / Business News /

There's a big reason why Americans pay about twice as much for healthcare as people in other developed countries, and it's not corporate greed or political cowardice, although those are also factors.

It's selfishness.

This was highlighted for me by the dozens of emails I received in response to a recent column on "Medicare for all." I laid out...Read more