Purdue Pharma axes remaining sales force

Business / Business News /

Purdue Pharma, the Stamford, Conn., drug maker that designed OxyContin to provide pain relief to millions, said Tuesday it has eliminated its remaining sales force as it shifts to cancer and central nervous disorder medications.

It announced in February it reduced its sales force by half and would no longer promote the painkiller to doctors.

"...Read more

Workers at Trump golf course and Terranea resort file lawsuit over 'panic button' ballot measure

Business / Business News /

A petition drive to force the exclusive Terranea Resort and nearby Trump National Golf Club to provide employees with panic buttons and wage increases is now the subject of a lawsuit alleging that the city of Rancho Palos Verdes, Calif., is refusing to put the measure on the ballot.

The Los Angeles County Registrar of Voters certified last week...Read more

Disney agrees to pay $71.3 billion for a swath of Fox, topping Comcast's bid

Business / Business News /

NEW YORK -- Walt Disney Co. and 21st Century Fox struck a new deal Wednesday: Disney agreed to pay $71.3 billion for Fox entertainment assets, surpassing the $65-billion offer from Comcast Corp.

Disney said it amended its original Dec. 21 agreement with Fox in which Disney offered $52.8 billion.

Fox said the amended deal is "superior" to the ...Read more

Tariffs on Chinese goods threaten Southern California ports and could ripple through to consumers

Business / Business News /

LOS ANGELES -- For months, as the Trump administration ratcheted up trade threats -- announcing tariffs on allies and adversaries alike -- business at the nation's largest port complex in San Pedro Bay has hummed along, seemingly oblivious.

Smartphones, clothes and toys flowed in from China. Ceramics and beverages arrived from the European ...Read more

Amazon, J.P. Morgan and Berkshire Hathaway name CEO of joint healthcare venture

Business / Business News /

Dr. Atul Gawande, a surgeon and bestselling author, has been named chief executive of a venture sponsored by Inc., J.P. Morgan Chase & Co. and Warren Buffett's Berkshire Hathaway Inc. that aims to bring down those three firms' healthcare costs.

The companies announced the appointment Wednesday and said the new venture, to be based in...Read more

Helpware: A tale of three 'ergonomic' mice

Business / Business News /

Aside from a flickering monitor, there is nothing quite as irksome as a balky mouse. The term "ergonomic" is used freely for mice these days, but decidedly many are not. And those that are truly ergonomic will help protect your hand and wrist from injuries without having to pay an arm and a leg.

I tested three different mice that call ...Read more

Retailers denounce tariffs as 'Trump tax' in escalated response

Business / Business News /

NEW YORK -- The threat from tariffs just got more serious for U.S. retailers and consumer brands, and they're preparing a coordinated and public campaign to confront it.

Companies such as Walmart Inc. and Nike Inc. have so far been spared during President Donald Trump's trade dispute with China. But that's expected to change after the White ...Read more

Fox rift widens as 'Modern Family' co-creator Steve Levitan and others blast news coverage of immigration

Business / Business News /

Civil war has broken out at 21st Century Fox.

The Murdoch family-controlled media conglomerate that has long thrived as a big tent that includes subversive entertainment shows such as "Family Guy" and conservative viewpoints of news commentators such as Sean Hannity is being pulled apart by partisan politics in the age of President Trump.

"...Read more

Disney picks two animation filmmakers to replace John Lasseter

Business / Business News /

Walt Disney Co. has named two acclaimed animation filmmakers to lead its key Walt Disney and Pixar animation studios after the departure of top creative executive John Lasseter.

Jennifer Lee, who co-directed the blockbuster "Frozen" for Disney Animation, and Pete Docter, the writer-director behind Pixar's "Inside Out" and "Up," will become ...Read more

'Close to a peak' U.S. growth at risk on trade threats, housing

Business / Business News /

WASHINGTON -- The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.

The housing market is struggling to build on its progress thanks to supply constraints and soaring property values, with data Tuesday showing an unexpectedly large drop in construction ...Read more

Food recalls explained: Why it seems like food contamination is on the rise

Business / Business News /

From eggs to Honey Smacks and pre-cut melon, the food products recalled during the past few weeks could make shoppers queasy with worry about whether what they've just picked up from the grocery store is riddled with potentially harmful pathogens.

This year, salmonella has been the headliner, with the Centers for Disease Control and Prevention ...Read more

Tech Q&A: How to avoid browser hijacking

Business / Business News /

Q: I read that I could get better protection against hackers by switching to an independent internet connection service, such as Google Public DNS, Cloudflare or Quad9. What do you think?

-- Bob Lommel, Minnetonka, Minn.

A: There are some security benefits, but they fall short of what's needed.

The hacking you refer to (called DNS hijacking) ...Read more

Live music is nice, but buying performance licenses could be nicer

Business / Business News /

It started with letters. Then came the phone calls, and a guy on the other end of the line who kept saying, "If you don't pay, we'll have to sue."

Les Meyer felt threatened. And how the heck did they know he featured live music at his little winery in rural Nebraska?

"They wouldn't identify themselves, and they try to trap you into things," ...Read more

Let Amazon in your house? Get mail at your desk? Here's how to beat 'porch pirates'

Business / Business News /

You did your research, shopped around and finally found what you wanted online. In a few days, it'll be yours.

The tracking website says it's been delivered. But it's not there. Maybe it's been stolen.

It's easy for so-called "porch pirates" to snatch packages from your front door or apartment building stoop, and amid the rise of online retail...Read more

Sky News funding will increase under Disney ownership, British culture secretary says

Business / Business News /

Rupert Murdoch's 21st Century Fox Inc. just got a step closer to buying European satellite television giant Sky, thanks to new commitments from Fox and Walt Disney Co. to alleviate regulatory concerns.

Fox and Disney have offered to increase funding for the prestigious 24-hour channel Sky News. Under the proposal, Disney will operate the news ...Read more

Trump health plan change may ease insurance costs for some; critics fear it could weaken Obamacare

Business / Business News /

Employees of small businesses and self-employed workers may soon be able to get cheaper health insurance under a new federal rule unveiled Tuesday, though critics warn coverage might not be comprehensive and could leave other consumers paying higher prices.

The rule expands the use of association health plans, in which small businesses, ...Read more

Bills headed for California Senate would put limits on payday, auto-title lending

Business / Business News /

State legislators killed a bill that would have reshaped much of California's consumer lending market, but two more-modest bills made it through the state Assembly and now move on to the Senate.

One would stop borrowers from taking out more than one payday loan at a time; another would cap interest rates on auto-title loans. Both will be taken ...Read more

Facebook misses another Senate deadline on privacy questions

Business / Business News /

Facebook Inc. missed a deadline to respond to questions from two top U.S. senators on its sharing of user data with device makers, the latest delay by the social network in addressing lawmakers' queries about its privacy lapses.

Sens. John Thune and Bill Nelson, respectively the Republican chairman and top Democrat on the Senate Commerce ...Read more

Angry over Fox News coverage, 'Modern Family' co-creator Steve Levitan says he's leaving Fox's TV studio

Business / Business News /

"Modern Family" co-creator Steve Levitan announced Tuesday that he will leave Fox's TV production studio, citing his personal disgust with Fox News as the reason.

Fox News and Fox's TV studio are both owned by 21st Century Fox. Levitan said on Twitter that he will leave even if the studio changes ownership, as the parent company is considering ...Read more

Bust to boom: Minnesota's Iron Range revives just as trade war looms

Business / Business News /

HIBBING, Minn. -- The taconite mines are back in action, factories are expanding and new stores and restaurants are popping up from Grand Rapids to Silver Bay.

Minnesota's Iron Range is experiencing an economic revival that seemed unlikely as recently as two years ago, when idled mines and job losses battered the region.

"Obviously the entire ...Read more

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