Stanford professor drops defamation lawsuit against scientific critics

Business / Business News /

Stanford University environmental professor Mark Z. Jacobson made a big splash in 2015 with a paper predicting that renewable sources could provide 100 percent of the energy needed in the 48 contiguous states by 2050.

But he made an even bigger splash last September, when he responded to a critique of his claim published in a leading scientific...Read more

Gothamist sites revived by public radio

Business / Business News /

News websites in the Gothamist network, which were shut down abruptly last year by its billionaire owner, will reopen under new management: public radio.

KPCC, a public radio station in Pasadena, Calif., said it would run LAist, one of the Gothamist sites, after two anonymous donors acquired LAist and its sister sites in the Gothamist network. ...Read more

General Mills buys fast-growing pet-food company Blue Buffalo for $8 billion

Business / Business News /

MINNEAPOLIS--General Mills for 15 years has bought fast-growing makers of natural and organic foods, repositioning itself as food habits changed. On Friday, it bought the biggest name in wholesome pet foods, Blue Buffalo.

The deal, valued at $8 billion, is the second-biggest in the 151-year history of General Mills.

The company is paying ...Read more

Domino's is now the biggest pizza chain in the world

Business / Business News /

Domino's Pizza claimed the title of largest pizza company in the world this week, passing Pizza Hut. The company, in its fourth-quarter earnings report, said its self-proclaimed No. 1 ranking is based on global retail sales.

Ann Arbor, Mich.-based Domino's edged out Pizza Hut of Plano, Texas, which had been the largest pizza chain, with $12.2 ...Read more

Chinese government takeover of Anbang includes properties in US and worldwide

Business / Business News /

BEIJING -- Chinese regulators have taken control of the Anbang Insurance Group, a privately owned Chinese conglomerate that owns New York's Waldorf Astoria, temporarily putting management of the hotel and other high-profile international properties under the Chinese government's control.

China's insurance regulator said in a statement Friday ...Read more

Cashing in medals for money is tough sledding for most U.S. Olympians

Business / Business News /

When she arrived for the Winter Olympics in South Korea, Chloe Kim already was an accomplished snowboarder with endorsement deals from the likes of Visa, Nike and Toyota.

Then came her dominating performance to win the gold medal in the women's snowboarding halfpipe in Pyeongchang, and the charismatic 17-year-old Southern Californian instantly ...Read more

Even in exile, Harvey Weinstein maintains an upscale lifestyle. But his expenses are adding up

Business / Business News /

PARADISE VALLEY, Ariz. -- To visitors of this upscale Phoenix suburb, one of the main attractions is the Praying Monk, the natural rock formation in the shadow of Camelback Mountain that resembles a holy man kneeling in contemplative repose.

In recent months, however, another man has come to the area in search of his own isolation: Harvey ...Read more

Parking giant says Uber, Lyft have cut parking business up to 50 percent in some venues

Business / Business News /

SAN DIEGO -- The parking giant Ace Parking says that Uber and Lyft are eating into the parking business -- with as much as 50 percent less traffic at nightclubs and a 25 percent drop at restaurant valets.

A death knell for paid parking? No, Ace and others say they are going high-tech to survive.

For consumers, the bright side may be lower ...Read more

Unemployment: For the older professional who had everything

Business / Business News /

What retirement? Americans will have to work longer, we've been warned. Fewer companies guarantee pensions.

With more old people to maintain, Congress is weighing plans to limit Social Security and Medicare, raising qualifying ages, and curbing benefit increases. "Our big entitlements are going to have reform so they are there for the next ...Read more

250,000 Michigan jobs may be gone forever, despite economic rebound

Business / Business News /

DETROIT -- Judging by the past few years, Michigan's economy has come roaring back from the Great Recession. Unemployment has dropped dramatically, the state has added roughly a half-million jobs since 2011 and auto companies have posted record or near-record sales for several years in a row.

But that upbeat narrative masks the deep trough that...Read more

California vehicle sales exceed 2 million for third straight year

Business / Business News /

For the third straight year, sales for new cars and trucks in California exceeded 2 million and the forecast for 2018 anticipates the number to top 2 million again -- but just barely, as the rate of growth is slowing.

New vehicle registrations reached 2.047 million units in 2017, down from 2.088 million in 2015, which was one of the strongest ...Read more

Walmart's online strategy isn't clicking yet. Here's how it plans to get its mojo back

Business / Business News /

Taking on Amazon isn't so easy, even for one the world's mightiest retailers.

This is not to say superstore kingpin Walmart won't eventually give the Seattle-based e-commerce giant a serious run for the online money, but it isn't there yet.

Far from it.

Walmart announced Tuesday that its fourth quarter e-commerce sales grew 23 percent, down ...Read more

Could new interest in maple produce sweet market for Kentucky farmers?

Business / Business News /

When someone says "maple syrup," what place comes to mind? Vermont? Or maybe even Canada? But probably not Eastern Kentucky.

Until now.

"Most people think you can't produce syrup in Kentucky but I do," said Keith Moore of Savage Farms in Louisa. "It's really delicious, too ... I've had some informal taste tests and people can't tell the ...Read more

Under the Hood: Car mysteriously stalls, then starts 10 minutes later

Business / Business News /

Q: I have 2001 Ford Taurus with a 3.0 Liter V6 engine. This car will suddenly quit running when I'm driving it. Trying to start it is fruitless for about 10 minutes, and then it will start right up and run until it repeats this same failure, after I've driven it! I took it to my go-to shop. They couldn't find any trouble codes in this car's ...Read more

Motormouth: Father knows best? Engineers know better

Business / Business News /

Q: My elderly father thinks it is better to drive without a radiator pressure cap. He is worried the pressure can pop a coolant hose. He has been driving his 2004 Chevy Venture like this for years and has been trying to get me to do the same. So far, he has not blown a hose nor has he overheated. But I think he is taking a risk of boiling over, ...Read more

The Week Ahead: The semiannual economic check-up from the Fed

Business / Business News /

Like a teeth cleaning appointment, the head of the Federal Reserve must visit Congress every six months. The central bank chair has to sit for two days updating the House and Senate on the American economy. Traditionally, the head of the Fed tries his or her best not to make any news or surprise the markets. And like a dentist reminding a ...Read more

UPS to add new electric delivery trucks to fleet

Business / Business News /

ATLANTA -- UPS plans to deploy 50 electric delivery trucks as part of its fleet of brown vehicles, a move it expects could give a boost to adoption of electric vehicles across the industry.

UPS in its Thursday announcement said the trucks – which it is partnering with electric vehicle manufacturer Workhorse Group Inc. to design -- will be ...Read more

Elon Musk slammed by Stanford gender researcher for space patriarchy

Business / Business News /

Tesla and SpaceX CEO Elon Musk wants to grab Mars like President Donald Trump reportedly grabbed -- well, you know.

That's according to Marcie Bianco, editorial and communications manager at Stanford University's Clayman Institute for Gender Research.

Musk, you may remember, recently launched a Tesla Roadster into orbit around the sun aboard a...Read more

Goldman has a $500 million army of little guys to buff its image

Business / Business News /

NEW YORK -- No one would mistake them for typical Goldman Sachs clients. Marcus Moore runs a staffing firm. Jessica Johnson-Cope places security guards and rents out drug-sniffing dogs. J.R. Foster helps companies maintain their offices and buildings.

Yet just last week, those three and thousands of other small business owners descended on the ...Read more

Grocers sounded out on trump administration's 'harvest box' plan

Business / Business News /

WASHINGTON -- The Agriculture Department has begun talking with grocery retailers about their potential role in a proposal to replace some food-stamp allocations with prepackaged boxes of groceries, Secretary Sonny Perdue said.

Grocers are already adding services such as food delivery that the so-called Harvest Box would require, Perdue told ...Read more