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'Incredibles 2' smashes record with biggest opening ever for animated film

Business / Business News /

LOS ANGELES -- The Pixar superhero movie "Incredibles 2" made 14 years of anticipation worth the wait for Disney, as the follow-up to 2004's "The Incredibles" smashed the record for highest animation debut of all time with an estimated $180 million in ticket sales for the U.S. and Canada, according to the measurement firm ComScore.

"Pixar has ...Read more

Iran Says 3 OPEC members will veto Saudi-backed oil production boost

Business / Business News /

LONDON –– Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that's backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.

"Three OPEC founders are going to stop it," Iran's representative to the bloc, Hossein Kazempour Ardebili, said Sunday. "If the Kingdom of Saudi ...Read more

Visionaries and scoundrels made the Los Angeles Times, which returns to local ownership after 18 years

Business / Business News /

LOS ANGELES--The Los Angeles Times rose to prominence under the leadership of a bellicose, union-busting Civil War colonel who kept an arsenal of shotguns in the newsroom in case of labor strife and drove through the city with a custom horn that looked like a cannon mounted to his hood.

For more than a century, starting in 1882, Harrison Gray ...Read more

Profiting from pain: 'Murderabilia' has macabre appeal to collectors

Business / Business News /

The Murder Museum bragged about selling two rocks snatched from the scene of Florida's worst school shooting.

"Sold! Two rocks taken from the grounds of Marjory Stoneman Douglas High School. $85 shipped," read a post on its Facebook page, which also included a photo of the killer.

It isn't the only dealer of morbid merchandise known as "...Read more

Sale of LA Times to close Monday

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LOS ANGELES –– Biotech billionaire Patrick Soon-Shiong Monday will take control of the Los Angeles Times and San Diego Union-Tribune, two historic newspapers rooted in Southern California civic life for more than 135 years and now must adapt for the digital age.

Soon-Shiong is spending $500 million to acquire the Times and Union-Tribune, ...Read more

Major US airlines aren't heeding China's warning to refer to Taiwan as a part of the country

Business / Business News /

A demand by China that all air carriers worldwide refer to Taiwan, Hong Kong and Macau on online maps and drop-down menus as Chinese territories -- not as independent regions -- is being ignored by the U.S.'s biggest airlines.

The order from Beijing came in May, and dozens of foreign-based carriers have already fallen in line.

The Associated ...Read more

Here's how a trade war between the US and China could play out

Business / Business News /

WASHINGTON -- President Donald Trump is betting that Beijing will blink first in the showdown over tariffs. Such an outcome is far from assured -- and it could also take a while.

Trump said Friday that the U.S. will impose duties on $50 billion worth of Chinese imports, with the first tariffs to cover $34 billion worth of goods and take effect ...Read more

California gains just 5,500 jobs in May; unemployment stays at record-low 4.2 percent

Business / Business News /

The California economy cooled a bit in May as employers added just 5,500 net jobs. The unemployment rate held steady at a record low of 4.2 percent, according to data released Friday by the state's Employment Development Department.

The numbers reflect a slowdown from April, when the state added 25,600 jobs, according to Friday's downward ...Read more

Why is Tesla fighting a rule that would force electric-car manufacturers to treat their workers well?

Business / Business News /

A new California rule saying that state rebates for electric cars can go only to manufacturers certified as being "fair and responsible" in their treatment of workers has put Tesla, the state's only major EV maker, in a tough position.

On the one hand, Tesla says, "we strive to be a fair and just company," that it complies with all California ...Read more

Theranos' Elizabeth Holmes and 'Sunny' Balwani are indicted, accused of fraud schemes

Business / Business News /

Theranos Inc. founder Elizabeth Holmes and former company Chief Operating Officer Ramesh "Sunny" Balwani have been charged by a federal grand jury of wire fraud and conspiracy to commit wire fraud, the Justice Department said Friday.

According to the Justice Department, the two engaged in a "multi-million scheme to defraud investors" and were ...Read more

Google reports little progress on diversity, high black and Latino attrition

Business / Business News /

Google's latest diversity report, its first since the company's controversial firing of employee James Damore, shows continued struggles in its goal to make its workforce more diverse: The number of women, black and Latinx employees rose just 0.1 percent in the past year.

So the tech giant is doubling down and making changes, including making ...Read more

Initiative to give Disneyland workers a 'living wage' qualifies for the ballot in Anaheim

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Unions that represent workers at the Disneyland Resort in Anaheim, Calif., are one step closer to requiring the theme park to pay its employees a "living wage."

The Orange County Registrar of Voters has certified that a petition to force major Anaheim employers who get city subsidies to boost their workers' hourly salaries had produced a ...Read more

Elon Musk's plans for O'Hare express draw skepticism

Business / Business News /

CHICAGO -- Billionaire tech entrepreneur Elon Musk's vision of autonomous vehicles that would zip back and forth at more than 100 mph in tunnels between Chicago's Loop and O'Hare International Airport has drawn both interest and skepticism from transportation and engineering experts.

"We're scratching our heads as to whether this is truly ready...Read more

Detroit train station is city's biggest comeback moment yet

Business / Business News /

DETROIT -- Trying to sum up the significance of Ford's plans for the Michigan Central Station, a quote by Winston Churchill seems apt.

"Now, this is not the end," Churchill said of an early Allied victory in World War II. "It is not even the beginning of the end. But it is, perhaps, the end of the beginning."

That's what Ford taking on the old...Read more

Apple signs deal with Oprah Winfrey as it pushes into original programming

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Apple Inc. has struck a multiyear deal with Oprah Winfrey to produce original content, the technology giant announced Friday.

The iPhone maker has been looking to diversify its revenue beyond the devices it makes and apps produced by other developers.

Winfrey, famed for her talk show and acting roles, is also chief executive of the Oprah ...Read more

Seattle suburb envisions a fleet of driverless vans to help commuters skirt congestion

Business / Business News /

BELLEVUE, Wash. -- Just this month, in Ann Arbor, Mich., a driverless van began shuttling students and staff the one-mile round trip between a research complex and a distant parking lot and bus stop.

In Las Vegas, an autonomous van launched last year, taking curious passengers on a three-block loop between a downtown retail park and Las Vegas ...Read more

Powell styles himself Fed chairman for the people as rates bite

Business / Business News /

NEW YORK -- Alan Greenspan famously said he'd mastered the art of mumbling "with great incoherence" as Federal Reserve chairman. Jerome Powell is attempting the opposite approach.

"Because monetary policy affects everyone, I want to start with a plain English summary of how the economy is doing, what my colleagues and I at the Federal Reserve ...Read more

In prelude to trade war, US details tariffs on $50 billion of Chinese goods

Business / Business News /

WASHINGTON -- The Trump administration, rekindling its simmering trade war with China, issued a list of $50 billion of Chinese imports Friday that would be subject to hefty tariffs.

The White House did not say precisely when the taxes on some 1,100 goods would take effect, but President Donald Trump has given the green light for the duties to ...Read more

AT&T completes purchase of Time Warner, ushering in new era for Warner Bros., CNN and HBO

Business / Business News /

Time Warner Inc. is no more.

Late Thursday, AT&T Inc. announced that it completed its $85 billion acquisition of Time Warner Inc., just two days after a federal judge in Washington gave the deal the green light. AT&T wasted little time consolidating its hard-fought prize -- a blockbuster purchase that instantly transforms the phone company into...Read more

Under the Hood: Use cellphone video to document tricky mechanical issues

Business / Business News /

Q: We have a 2015 Hyundai Sonata Limited. It wasn't long after we purchased it, it developed the following problem: When I wanted to go into smart cruise control, it would refuse and indicate that SCC (smart cruise control) conditions are not met. The difficult part of this is that this would happen intermittently. The dealership checked it out ...Read more

 

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