Business

/

ArcaMax

Company will rent you a Tesla to drive from San Diego to LA for $49

Business / Business News /

SAN DIEGO -- It might break some your budgets to buy a Tesla, but renting one is a different story.

A company called Tesloop, based in Culver City, Calif., launched a new service in San Diego this week that lets consumers rent the all-electric Model 3 for a flat fee of $49 to drive one way to Los Angeles.

The company started in 2015, when then...Read more

Auto review: Mitsubishi Outlander plugs into practicality

Business / Business News /

For a company nearly left for dead two years ago, Mitsubishi is showing a lot of life.

The Outlander plug-in hybrid on sale now introduces a hot new technology to the compact SUV segment that's taking the market by storm. Outlander plug-in is a five-seat SUV that's about the size of the Chevrolet Equinox, Nissan Rogue and Toyota RAV4.

The ...Read more

Self-driving electric shuttle buses to begin at University of Michigan

Business / Business News /

ANN ARBOR, Mich. -- A pair of self-driving shuttle buses should begin motoring around Ann Arbor this spring in an ambitious test of the new technology with the University of Michigan.

The electrically powered, 15-seat shuttles will be part of the university's bus service, carrying passengers on a short course in the North Campus. Anybody with a...Read more

Were some of St. Louis' new shared bikes thrown into the Mississippi River already?

Business / Business News /

ST. LOUIS -- The image seemed to confirm the worst fears about the new bike-share businesses that launched in St. Louis this week.

Just a few days in, there already seemed to be bikes at the bottom of the Mississippi River.

LimeBike and Ofo, two competing bike-share companies, both officially entered the St. Louis market this week. About 1,500...Read more

Atlanta company raises all pay to $50k: quirky or smart?

Business / Business News /

ATLANTA -- Most smart employers want to pay enough to get the workers they need, but not more.

Yet Rented.com, a company with technology that fuels Airbnb, has raised the minimum pay for all employees to $50,000 and the company's chief executive says the firm will save money in the long run by paying more.

Wait, what?

True, said CEO Andrew ...Read more

The Week Ahead: Out come the FAANGs

Business / Business News /

The five big technology stocks that make up the FAANG collection have drawn some blood from investors during the market volatility in recent weeks, but they are still very much alive.

The FAANG designation refers to Facebook, Amazon, Apple, Netflix and Google (officially Alphabet Inc., but the acronym needed another consonant). It's a ...Read more

H-1B visa: Group sues federal government for data on workers, companies using the flashpoint work permit

Business / Business News /

A group dedicated to cutting the number of immigrants to the United States has sued the federal government, demanding information about companies and workers using the controversial H-1B visa.

The Federation for American Immigration Reform (FAIR) claims that U.S. Citizenship and Immigration has refused to provide the data as required under ...Read more

U.S. online gun market takes a hit from Wisconsin court ruling

Business / Business News /

One of the biggest online gun markets in the U.S. can be held liable for negligence for a private sale of a weapon used in a fatal shooting spree, Wisconsin's highest court said in the first ruling of its kind.

The case was filed against Armslist.com, which allegedly sold a gun to a domestic-violence abuser who used it to murder his estranged ...Read more

Airbus, Bill Gates and others back video imaging satellite venture

Business / Business News /

SEATTLE -- Airbus, Bill Gates and Japanese billionaire Masayoshi Son have joined to back a spinoff from Bellevue, Wash.-based Intellectual Ventures that aims to launch a constellation of imaging satellites "that will deliver real-time, continuous video of almost anywhere on Earth."

Russell Hannigan, founder and chief executive of the new ...Read more

The Mortgage Professor: Readers' questions about mortgage shopping

Business / Business News /

Q: How many price quotes should I get in refinancing my mortgage?

A: Get as many valid quotes as possible. Two or three valid ones help; 10 phony ones are worthless, or worse. Valid price quotes must meet three major conditions:

--Same market timing: All quotes must be as of the same day, since mortgage lenders reset their prices every morning...Read more

Coffee industry discusses need to improve diversity, inclusion

Business / Business News /

SEATTLE -- Coffee farmers, buyers, roasters, retailers and baristas from around the world are gathering in Seattle this week to show off their wares, compete in the U.S. Coffee Championships and do business.

And nothing goes better with coffee than conversation.

At an industry symposium on the sidelines of the Specialty Coffee Expo in Seattle,...Read more

Facebook moving most users from protection of EU privacy law

Business / Business News /

Facebook is set to comply with strict new privacy rules in Europe next month, and CEO Mark Zuckerberg has said publicly that those protections will be available around the world.

That doesn't appear to be the case.

Facebook has changed its terms of service, which means 1.5 billion of its more than 2 billion users will not be protected under ...Read more

Toss the romaine lettuce or risk E. coli, officials warn

Business / Business News /

An unusually virulent strain of E. coli bacteria on romaine lettuce has sent 31 people to hospitals in 16 states, and health officials are urging consumers to throw out any of the lettuce they may have bought recently.

No grower or distributor has been identified as the source of the outbreak, which has been traced to the Yuma, Ariz., area ...Read more

Amazon worker's median pay in 2017: $28,446

Business / Business News /

SEATTLE -- Amazon says its median employee pay was $28,446 last year.

That data, disclosed Wednesday in Amazon's annual proxy report, is a reminder that while the technologists, business managers and marketers at Amazon headquarters can make more than $100,000, in most of the country, Amazon is a blue-collar logistics company where workers take...Read more

Carson's to close after parent company fails to find buyer

Business / Business News /

CHICAGO -- Carson's will shut down its department stores by late summer after more than 160 years in operation.

After parent company Bon-Ton Stores failed to find a bidder willing to keep the business going, a bankruptcy judge on Wednesday approved the sale of the company's assets, including Carson's and other retail chains, to a joint venture ...Read more

Real estate Q&A: Who is responsible for accidents at a condo's social club?

Business / Business News /

Q: If a member of a social club (dance, tennis, karate, etc.) within our Condo Association gets hurt or does something that causes an injury to one of its members or guests, can the Condo be held responsible? -- Bob

A: Your association can be held responsible for the injuries to the extent that it was negligent in reasonably keeping the area ...Read more

Qualcomm begins layoffs, trying to cut $1 billion, and its NXP bid faces objections in China

Business / Business News /

Qualcomm Inc. has begun notifying workers of layoffs at the same time the San Diego chipmaker's $44-billion bid to acquire NXP Semiconductors is running into problems getting antitrust clearance from China.

Qualcomm, a leading provider of chips for mobile phones, did not specify the number of employees being let go but said the cuts included ...Read more

Auto review: Considering a plug-in car? 2018 Kia Niro PHEV is a good starter

Business / Business News /

If the Kia Soul and Toyota Prius Prime had a baby, it'd be something like the Kia Niro plug-in hybrid electric vehicle. The compact crossover hybrid launched last year gets a plug for 2018, as well as a much larger motor and a whole lot more emission-free driving.

Despite debuting in a down market for hybrids, the Niro did pretty well in its ...Read more

How can dockless bike and scooter companies make money?

Business / Business News /

SAN DIEGO -- In just a matter of a few months, hundreds of dockless bicycles and scooters have appeared on the streets and sidewalks of San Diego.

Some have praised them as effective ways to get around town and reduce traffic congestion. Others have complained they clutter sidewalks and that too many riders don't follow the rules of the road, ...Read more

President Donald Trump's former Greenwich mansion listed again for $45M

Business / Business News /

Interested buyers can own a piece of presidential history in Greenwich, where a mansion President Donald Trump lived in with wife Ivana in the 1980s is back on the market with an asking price of $45 million.

Trump bought the home, on a peninsula overlooking Long Island Sound, for $4 million in 1984. He and Ivana lavishly decorated the mansion ...Read more