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Trump suggests 'big news' for U.S. autoworkers involves NAFTA

Business / Business News /

WASHINGTON -- President Donald Trump suggested Wednesday afternoon that his "big news" for U.S. autoworkers could have to do with plans to rewrite -- or withdraw from -- the North American Free Trade Agreement.

Wednesday morning, Trump posted a cryptic message on Twitter, saying there would be "big news coming soon for our great American ...Read more

Snap Inc. launches accelerator program to invest in media start-ups

Business / Business News /

Snap Inc. will dole out $150,000 investments to various media start-ups this fall as part of an accelerator program it announced Wednesday called Yellow.

For the first cohort of the program, which starts in September and goes for three months, the company is seeking start-ups that "have a vision for what mobile storytelling can be."

In ...Read more

IRS takes aim at California, other states trying to help residents avoid new tax-deduction limit

Business / Business News /

WASHINGTON -- The Internal Revenue Service is preparing to block attempts by California and other states to help their residents avoid a new limit on the deductibility of state and local taxes included in the Republican tax overhaul.

The IRS and the Treasury Department said Wednesday they would issue proposed regulations "in the near future" ...Read more

Trump risks $3.45 billion tariff bill from jilted trade partners

Business / Business News /

GENEVA -- President Donald Trump's maximalist approach in recasting his nation's trade relations may soon hit U.S. farmers and manufacturers, as America's trade partners prepare $3.45 billion of retaliatory tariffs on U.S. goods.

In just the past week, the European Union threatened levies on $1.6 billion of U.S. goods in response to U.S. ...Read more

Bee death increase may be tied to climate change, survey says

Business / Business News /

WASHINGTON -- Beekeepers in the U.S. reported an increase in honeybee deaths over the last year, possibly the result of erratic weather patterns brought on by a changing climate, according to the scientist leading an annual survey on the insects.

U.S. beekeepers said 40 percent of their hives, also called colonies, died unexpectedly during the ...Read more

Starbucks is discontinuing a popular blend — and customers are steamed

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Starbucks has confirmed a rumor that has been spreading faster than offers on its app.

The chain is discontinuing its Breakfast Blend coffee. Baristas at South Florida Starbucks outlets and nationwide have been quietly telling customers for a month that Breakfast Blend was soon to be discontinued.

A representative from the corporate office in ...Read more

Thousands of Las Vegas culinary workers vote to authorize a strike

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LAS VEGAS -- A labor union representing thousands of culinary workers in Las Vegas has voted overwhelmingly to authorize a strike next month if casinos don't agree to a proposed five-year contract.

The vote among the 25,000-member Culinary Union was 99 percent in favor of allowing a strike the day after the current contract expires on May 31, ...Read more

Homelessness 'a solvable problem'? Marc Benioff says yes at Salesforce Tower's grand opening

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SAN FRANCISCO -- Salesforce Chief Executive Marc Benioff, a billionaire who started his cloud-based business-software company in a San Francisco apartment nearly 20 years ago, used Tuesday's grand opening of the new 1,070-foot-tall Salesforce Tower as a clarion call for the city to recommit itself to ending family homelessness on San Francisco's...Read more

Southern California suppliers learn to adjust to slowdown in satellite orders

Business / Business News /

SpaceX on Tuesday blasted six small commercial satellites to low-Earth orbit. It was the company's 10th launch this year -- but the payload itself may be a sign of what's to come.

Like many companies, Iridium Communications Inc. has been developing a constellation of satellites. Those smaller satellites are set to gradually replace the giants ...Read more

Tesla Model 3 zooms to the head of its class

Business / Business News /

Just who is buying the much ballyhooed Tesla Model 3 sedan?

According the California New Car Dealers Association, 3,723 people in the state during the first quarter of the year, that's who.

The CNCDA, which released its latest data on new car registrations late Tuesday, said those Model 3 numbers were enough to put the car on top of the "Near ...Read more

Netflix and don't chill: Obama deal sparks conservative boycott

Business / Business News /

Now showing on a social media screen near you, a conservative backlash against Netflix over the production deal with the Obamas it announced this week.

That's right, #BoycottNetflix is trending because conservatives hate the Silicon Valley company's tie-up with the former president and first lady, Barack and Michelle Obama. Monday, Netflix ...Read more

Jennifer Van Grove: Snoozing on the mommy job

Business / Business News /

Earlier this year, I brought home something both completely life-changing and terrifying. Sure, I could be talking about Makena, my now 3-month old baby girl. But really I'm referring to Snoo, the smart bassinet that my husband and I purchased after a month or so of sleep deprivation.

The invention of Dr. Harvey Karp, the pediatrician and ...Read more

United tells shareholders to expect higher fares as fuel prices rise

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CHICAGO -- As the summer travel season kicks off, passengers could end up paying more to fly because airlines are paying more for fuel, United Airlines CEO Oscar Munoz told shareholders Wednesday at the company's annual meeting.

Asked about the impact of higher jet fuel prices, Munoz said they were already putting pressure on fares.

Chicago-...Read more

Airlines prepare for an expected record number of summer passengers

Business / Business News /

If you plan to fly on vacation this summer, prepare for unprecedented crowds at the airport.

A record 246.1 million passengers are expected to fly during the season, a 3.7 percent increase over a record set last year, according to Airlines for America, a trade group for the nation's biggest airlines.

The Transportation Security Administration ...Read more

Michael Hiltzik: Medicare's stealth price hike: Seniors are paying more for generics even though the drug prices haven't increased

Business / Business News /

Here's a riddle about drug pricing to ask our healthcare administrators, including Health and Human Services Secretary Alex Azar: Since the prices of generic drugs haven't risen since 2011 -- in fact, in many cases have fallen -- why have out-of-pocket costs for seniors on Medicare nearly doubled?

That's the finding in a new analysis by the ...Read more

Comcast is preparing bid for Fox TV and movie assets, countering Disney's offer

Business / Business News /

Walt Disney Co. is getting some serious competition in its effort to acquire 21st Century Fox's movie and television assets: Comcast Corp.

Comcast said Wednesday that it is in the advanced stages of preparing an all-cash counteroffer that will top Disney's $52.4-billion stock bid.

"While no final decision has been made, at this point the work ...Read more

Thrifty ice cream — a portal to childhood — is being sold to Albertsons. What does that mean for its future?

Business / Business News /

LOS ANGELES -- When Mike Becker's family visited Los Angeles this year, he took his three sons to a place that would help them understand his Southern California childhood. It wasn't the beach. It wasn't Hollywood. It was a drugstore selling Thrifty ice cream.

The 43-year-old attorney lives in New York, and he hadn't enjoyed a Thrifty cone ...Read more

Tech Q&A: How to rescue songs from an old iPhone

Business / Business News /

Q: I have an old iPhone 3GS that I use only for playing music obtained from a variety of sources. But the songs aren't backed up anywhere (when my new iPhone was synced with the PC, the PC's songs were accidentally erased). Now I'm worried that the 3GS battery is wearing out; it won't hold a full charge. Is there a safe way to move the songs ...Read more

Helpware: How to buy — and use — a new computer

Business / Business News /

Every three years or so I upgrade my computers. At least one of my kids is usually in dire need of a PC, so off the PCs go to new homes, where they serve honorably and trouble-free for years to come. I buy Apple and Dell computers. They've proved to be reliable, with the latest technology, which gives me bragging rights, as in "My new Dell has ...Read more

Fifth Third-MB merger accelerates trend of bank branch closures

Business / Business News /

CHICAGO -- Fifth Third Bank's proposed acquisition of Chicago-based MB Financial could mean 20 percent of the combined company's local branches close by the end of next year.

A cost-saving move aimed at eliminating "branch overlap" resulting from the $4.7 billion merger, the proposed closures would accelerate a broader trend: Banks nationwide ...Read more