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Cave diver criticizes Musk's kid-sub rescue plan. Musk suggests he's a pedophile

Business / Business News /

LOS ANGELES -- The Elon Musk story took a bizarre turn Sunday morning, as the world famous entrepreneur took to Twitter to suggest a critic of his submarine rescue plan is a pedophile.

Musk's tweet was directed at British cave diver Vern Unsworth, who had participated in the rescue of 12 Thai children and their soccer coach from a water-filled ...Read more

'Skyscraper' collapses as 'Hotel Transylvania 3' lures family audiences to summer box office

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LOS ANGELES -- Dwayne Johnson's burly action hero was no match for a computer-animated Count Dracula at the box office this weekend.

Sony's "Hotel Transylvania 3: Summer Vacation" debuted in first place with $44.1 million, according to figures from measurement firm ComScore.

The latest in the animated "Hotel Transylvania" series, the cartoon ...Read more

Preparing to meet with Putin, Trump calls the European Union a 'foe'

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HELSINKI -- On the eve of his meeting with Russian President Vladimir Putin, President Donald Trump Sunday described the European Union as a trading "foe," further unnerving some of America's closest partners after disruptive visits to NATO headquarters and the United Kingdom.

Trump has not said what he hopes to gain from four hours of ...Read more

Trump calls European Union a US 'foe,' citing trade disputes

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WASHINGTON –– President Donald Trump said the European Union is a "foe" of the U.S. in an interview after a contentious meeting last week with NATO allies.

Asked to name the U.S.'s "biggest foe globally" in an interview conducted Saturday and aired Sunday on CBS, Trump turned first to the EU, saying, "We have a lot of foes."

"I think the ...Read more

Chicago's last Sears to close for good Sunday

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CHICAGO –– Mike Lord remembers treating the Sears at Six Corners as a neighborhood hangout when he was a kid.

When his parents pushed to turn off the TV and get outside, he would sneak over to the store's TV department to watch Cubs games.

"It was my babysitter when I couldn't get friends together to play ball," said Lord, 59, who was ...Read more

Microsoft calls on Congress to regulate controversial facial recognition technology

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Microsoft wants Congress to regulate facial recognition technology as concerns grow that it could be used to invade privacy and improperly monitor people.

Some civil-liberties groups and employees have called on tech companies to restrict the use of facial recognition, but Microsoft President Brad Smith wrote in a lengthy blog post Friday that ...Read more

AT&T chief Randall Stephenson questions government's challenge of takeover: 'We own Time Warner'

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The U.S. Justice Department's appeal of the AT&T-Time Warner Inc. merger could help clarify what corporate combinations are permissible -- and it also could discourage Comcast Corp. from making another run at 21st Century Fox.

Analysts on Friday puzzled over why the government would try to unravel AT&T's purchase of Time Warner after the ...Read more

Wells Fargo earnings fall as bank reports tax hit, fewer loans and deposits

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Wells Fargo & Co. on Friday reported lower-than-expected earnings for the second quarter and said it set aside nearly half a billion dollars to pay additional state taxes in the wake of a recent U.S. Supreme Court decision.

The San Francisco financial giant reported net income of $5.2 billion, or $98 cents per share, on revenue of $21.6 billion...Read more

North Dakota oil production has record May

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North Dakota's oil production in May climbed to nearly 1.25 million barrels per day, hitting another record for the nation's second-largest producer of oil.

The North Dakota Department of Mineral Resources on Friday reported the data, which was up about 5 percent, or 19,000 barrels a day, from April. About 96 percent of the total 38.6 million ...Read more

Trump's trade war could threaten US pickup production and jobs

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The Trump administration's burgeoning automotive trade war could threaten U.S. production of some of automakers' most popular and profitable vehicles.

At stake is an obscure 1960s tariff that effectively guarantees that every pickup and delivery van sold in the United States is built in North America, most of them in the U.S. by American ...Read more

TSA agents cannot be held liable for abuse claims, appeals court rules

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Transportation Security Administration officers who are accused of abuse on the job are immune from being held liable for damages, a federal appeals court has ruled.

The 2-to-1 decision by the 3rd Circuit Court of Appeals in Philadelphia this week means that passengers who file claims of abuse or invasive searches will have a tough time ...Read more

Boeing and Airbus bring swagger and strategy to Farnborough air show

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SEATTLE -- Boeing will show up at next week's Farnborough International Airshow outside London with more swagger than it has in the past, confident that its business has rarely been better.

Rival Airbus, facing production woes and political turmoil in Europe, is certainly at a more fragile moment in its history. Yet its executive team won't ...Read more

Cargill sees profit double in fourth quarter

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Cargill Inc.'s quarterly profit doubled and its yearly net income grew for the third consecutive year, even as the agriculture behemoth frets over a U.S.-China trade war.

Minnetonka, Minn.-based Cargill on Thursday posted net earnings of $711 million in its fiscal fourth quarter ending May 31, compared to $347 million in the same period a year ...Read more

Larry Printz: The story being creating a Jaguar for the new millennium

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AMELIA ISLAND, Fla. -- Given Jaguar's history of radically sexy sports cars, you can imagine the challenge facing Jaguar design director Ian Callum when asked to design the brand's first battery electric vehicle, the 2019 Jaguar I-Pace.

"Jaguars are about drama and exaggeration," Callum said during an interview earlier this year at the Amelia ...Read more

Latest battle over California lending market: Should grocery stores offer large loans?

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LOS ANGELES -- Walk into a Northgate supermarket and, along with produce and pan dulce, you can walk out with a small loan from the store's Prospera financial services stand.

Those loans top out at $2,500. Now, a bill working its way through the state Legislature could boost that maximum to $7,500 -- enough, the bill's author said, to pay for ...Read more

Auto review: 2019 Jetta is Volkswagen's best compact sedan

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Volkswagen is the world's largest automaker, rich and powerful beyond the dreams of avarice, but the German powerhouse's execs could be excused if they sometimes feel like a cartoon character about to get an anvil dropped on its head.

The 2019 Jetta is the company's best compact sedan by far, a car that should make VW a must-have for the ...Read more

Under the Hood: Get professional help with airbag warning light

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Q: My question for you is about my 1993 Mustang GT -- or, as I refer to it, my dust collector, as this is my weekend/sunny day only driver. The car has only 57,000 miles. This spring, when I was getting the car out of winter storage (I live in Iowa), I noticed the "airbag" light blinking. I have tried going online for answers but no help, and no...Read more

General Motors topping Ford in pickup market share

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At George Matick Chevrolet in Redford Township, Mich., pickups are in hot demand.

Even though the dealership has sold fewer vehicles through June than it did this time last year, sales of the full-size Silverado and midsize Colorado pickups haven't slowed.

"We're selling less total vehicles, but we are selling more pickups," said Molly ...Read more

The Week Ahead: The house behind 'House of Cards'

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The Netflix story is a story of innovation, risk and redemption. It is a story worthy of a documentary or mini-series on Netflix itself.

The latest scene of that story is due to play out Monday afternoon in the week ahead when the company releases its latest quarterly results. It is of particular interest for investors thanks to the stock's ...Read more

Microsoft launches free version of chat service Teams, raising stakes in competition with Slack

Business / Business News /

Microsoft has upped the ante against popular chat software startup Slack by launching a free version of its own chat service, Teams.

The company announced the free option Thursday, which is now available to groups of 300 people or less. Teams was previously accessible only to Office 365 subscribers.

Offering a free version will be an easier ...Read more