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'Boo 2! A Madea Halloween' leads a lackluster box office

Business / Business News /

LOS ANGELES -- Newcomers dominated the box office over the weekend, with Lionsgate's comedy "Tyler Perry's Boo 2! A Madea Halloween" and Warner Bros.' sci-fi spectacle "Geostorm" claiming the top two spots.

Perry's sequel debuted in first place, raking in an estimated $21.6 million in the U.S. and Canada, according to figures from measurement ...Read more

Seattle area's HQ2 bid tries to convince Amazon to stay at home

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SEATTLE -- The Seattle area woke up Sept. 7 to the news that Amazon planned to set up a second, equal headquarters, raising the prospect of a dramatic split between America's fastest-growing company and its hometown.

The area delivered its pitch for Amazon to stay at home on Thursday: a 522-page document that most expect to amount to a futile ...Read more

JetBlue to remove its fares from several online travel booking sites

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JetBlue Airways is removing its fares and schedules from 11 online travel booking sites, saying the move will cut costs and help keep fares low.

The decision follows the lead of Southwest Airlines, which has long kept its booking information from some of the most popular online travel sites. Delta Air Lines also began a few years ago to pull ...Read more

Column: Apple's new flagship store an understated gem on the Chicago River

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CHICAGO -- Chicago's new Apple store is thrillingly transparent, elegantly understated and a boon to the city's riverfront.

With its huge sheets of laminated glass and an ultra-thin roof of lightweight carbon fiber the store, opening Friday, is simultaneously present and absent, there and not there. From North Michigan Avenue, you look through ...Read more

Credit bureau lobbyists work to polish image

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WASHINGTON -- The Atlanta credit bureau Equifax ramped up its spending over the last three months to lobby the federal government and protect its image as it took fire for exposing the personal records of more than 145 million Americans.

Its two main competitors, meanwhile, shifted their resources in order to do the same.

New federal records ...Read more

Mark Phelan: Ford teases fastest ever Mustang GT coming for 2018

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As the weather cools and drivers put away their summer tires and dreams of muscle car glory, Ford and Michelin provide cause for hope: The fastest ever Mustang GT is coming for 2018, thanks to a quick-shifting new transmission and sticky performance tires.

The 2018 Mustang GT will accelerate from zero to 60 mph in less than 4 seconds, the kind ...Read more

The Week Ahead: How many times does the watchdog bark before it bites?

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Five earnings seasons ago, the Securities and Exchange Commission told publicly traded companies how they should be explaining their financial results so investors can better understand them. With hundreds of companies releasing their quarterly results in the weeks ahead, the SEC has sent a reminder.

In the world of corporate accounting, this ...Read more

Microsoft, Green Bay Packers launch tech initiative in Wisconsin

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SEATTLE -- Microsoft is making a move into Green Bay Packers country, expanding its efforts to bring digital connectivity and tech training to small cities and rural areas across the country.

The company announced a partnership with the NFL team Thursday to launch a technology initiative in the Packer's hometown of Green Bay, Wis.

...Read more

Target will remodel more stores to compete with Amazon and Walmart

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NEW YORK -- As Target Corp. continues to be a big believer in stores, the Minneapolis-based retailer said it would remodel hundreds more stores than previously announced.

Executives told investors earlier this year that by 2019 the retailer would remodel about 600 stores, or one-third of its store base.

CEO Brian Cornell told reporters on ...Read more

Consumer Reports: Buick top 10 most reliable; Ford and Fiat Chrysler improve

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DETROIT -- When it comes to reliability, Ford and Fiat Chrysler have improved their performance ratings among drivers while General Motors has slipped. Still, GM's Buick is the only U.S. brand to make Consumer Reports' latest top 10 list of most reliable brands. The new Chevrolet Bolt electric car was GM's most reliable model, scoring "above ...Read more

Trump meets with Janet Yellen as decision on next Fed chair nears

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WASHINGTON -- President Donald Trump met at the White House on Thursday with Federal Reserve Chair Janet Yellen as he neared a decision on who will lead the central bank after her first four-year term ends in February.

Yellen, 71, a Democrat nominated to the job by former President Barack Obama, is one of five candidates and was the last to ...Read more

Sinclair vision for TV network to rival Fox draws foes on right

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WASHINGTON -- The fiery editorials of Sinclair Broadcast Group Inc. chief political analyst Boris Epshteyn will be beamed into seven in 10 American living rooms if the company is allowed to complete a merger that would transform it into a nationwide conservative TV juggernaut.

But Sinclair's proposed $3.9 billion purchase of Tribune Media Co. ...Read more

Tracking down 'most wanted' insurance fraud suspects

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WASHINGTON -- Just a day after Leandre Garner took out insurance for his 2007 Chrysler 300, he filed a claim, saying the car had been damaged in a parking lot and needed more than $4,000 in repairs. But insurance investigators figured out that his car already was damaged, and in 2013 authorities charged the Tacoma, Wash-area man with filing a ...Read more

Lyft gets $1 billion investment, led by Google's parent company

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SAN FRANCISCO -- In the topsy-turvy world of tech, an investor can fund a company one minute and sue it the next. It can also turn around and fund a competitor, which is what Google's parent company did when it announced Thursday that its growth equity fund led a $1-billion investment in Lyft, four years after its venture capital arm invested in...Read more

As Amazon's deadline for HQ2 bids closes, speculation on winner heats up

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SEATTLE -- In the six weeks since Amazon said it was seeking a site for a second headquarters, cities have preened. They've sent delegations to Seattle, bragged about their university engineering programs and tried to ship cactuses to Jeff Bezos.

Thursday evening, the curtain will close on the first act of Amazon's civic beauty pageant.

...Read more

Consumer Confidential: Patients face tough choices when a health care provider calls it quits

Business / Business News /

There are nearly 30 million people with diabetes in the United States. About 90,000 of them were just thrown a curve ball.

Johnson & Johnson announced that it's closing its Animas subsidiary and getting out of the insulin-pump business, leaving the field primarily to a single large competitor, Medtronic, which will control roughly 85 percent of...Read more

Real estate Q&A: Condo board may be 'terrible,' but withholding dues will make matters worse

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Q: I live in a 55-plus condominium community and many residents, myself included, feel that the board is doing a terrible job at maintaining our community, despite the high dues that we pay. We have spoken out at board meetings, but it seems our concerns are ignored. Can we withhold our dues, or perhaps pay them into an escrow account, to let ...Read more

On the House: Stressed about renting? Whose Your Landlord offers Yelp-like reviews

Business / Business News /

In this age of information, where it's easy to find facts and statistics about nearly anything, Temple University graduate Ofo Ezeugwu found a gap: Renters struggle to find information about landlords and their properties.

"We are constantly looking for affirmation through information," Ezeugwu said. "On Amazon, you read reviews before you make...Read more

Tax cut failure could rattle stock market, Mnuchin warns

Business / Business News /

WASHINGTON -- Treasury Secretary Steven T. Mnuchin said that failure to pass the Republican tax overhaul would trigger a "significant" drop in the stock market, which has rallied to record highs in recent months.

His warning, which some market analysts disputed, came as a new poll showed 52 percent of Americans oppose the tax plan, which is ...Read more

Tesla employees racially harassed black contract workers, lawsuit alleges

Business / Business News /

Three former Tesla Inc. contract workers faced racial harassment and discrimination while working at the electric carmaker's Fremont, Calif., factory, according to a lawsuit filed this week.

Plaintiffs Demetric Di-az, his father, Owen Diaz, and Lamar Patterson alleged that they were the targets of "racially motivated abuse, including the ...Read more

 

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