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Alaska Airlines cites Trump policy change in ending service to Cuba from LA

Business / Business News /

Alaska Airlines cited new travel restrictions imposed by the Trump administration as the main reason it plans to end service from Los Angeles to Cuba.

Alaska began its daily Los Angeles-to-Havana flights Jan. 5 and plans to fly its last plane to Cuba Jan. 22, 2018, the airline said this week.

In 2014, President Barack Obama began relaxing ...Read more

Secret motorcycle industry group looks for ways to reverse sagging sales

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Hours before the 2017 Progressive International Motorcycle Show opened its doors at the Long Beach Convention Center, a cabal of industry veterans met to discuss troubled U.S. motorcycle sales.

Organized by power sports consultant Robert Pandya, who until recently helped manage marketing and public relations for Indian Motorcycle, the group of ...Read more

Fired Google engineer James Damore says he's autistic, 'sees things differently'

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James Damore, the former Google engineer who published a screed against Google's diversity initiatives, says he isn't using autism as an excuse.

But he says being on the spectrum means he "sees things differently." And yet another interview with Damore shows he still doesn't fully understand why everyone got so upset that he attributed the lack...Read more

Latest round of NAFTA talks opens in Mexico, with few prospects for breakthroughs

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MEXICO CITY -- Mexico is signaling both flexibility and doubt about the latest demands from Washington as the fifth round of talks on the future of the North American Free Trade Agreement formally opened Friday in the Mexican capital.

The fate of NAFTA has become a kind of national fixation in Mexico, where the almost quarter-century-old trade ...Read more

More turmoil in Wells Fargo's upper ranks as lending executive is fired

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In the latest shake-up in its executive ranks, Wells Fargo said Friday that it fired the head of its consumer lending unit, effective immediately.

Franklin Codel, based in Des Moines, Iowa, was terminated for "acting in a manner that was contrary to the company's policies and expectations of its senior leaders during a communication he had with...Read more

Texas oil patch 'bloodbath' is over as jobs and rigs return

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Hiring in Texas oil and gas fields is rising sharply as the industry steadily recovers from its most recent downturn.

The number of workers exploring for oil and gas in Texas hit more than 222,000 in September, nearly 31,000 more than a year ago, according to the Texas Petroleum Index, a measure of oil and gas drilling activity. It was the 10th...Read more

Chicago Tribune leaving namesake tower by mid-2018

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CHICAGO--The Chicago Tribune will move next year, ending a 93-year run in the newspaper's namesake tower on North Michigan Avenue.

Parent company Tronc Friday confirmed that the newspaper will move to One Prudential Plaza in the second quarter of 2018. The Tribune first reported in August that Tronc was in advanced negotiations for a lease in...Read more

Florida regains jobs in recovery from Hurricane Irma

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Employment levels in Florida recovered in October, the state said Friday, after September's Hurricane Irma, which sharply reduced that month's payroll count.

"Getting a report that's very normal is a good sign. The South Florida economy is bouncing back and that's exactly what we want to see," said Mekael Teshome, Florida economist for PNC ...Read more

Study finds carbon emissions increase when land is converted into crops for ethanol

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A University of Wisconsin-Madison study shows that the shift of more than 7 million acres into cropland led to huge releases of carbon emissions into the atmosphere after a 2007 federal law mandated ethanol in gasoline.

The increased carbon emissions are equivalent to 20 million new cars driving down American roads every year, according to the ...Read more

Tesla announces world's fastest production car and an electric semi-truck

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HAWTHORNE, Calif. -- Tesla CEO Elon Musk Thursday night sprung a surprise on the world, using the launch of a new electric semi-truck to announce what he said will be the world's fastest production car, a new Tesla Roadster.

"I won't say what the actual speed is, but it's above 250 mph," Musk said. "The point of this is to give a hardcore ...Read more

Black Friday TV deals look great, but …

Business / Business News /

For would-be television buyers, the most wonderful weekend of the year is almost here, thanks to special deals available from Thanksgiving Day through Cyber Monday.

Top-tier makers -- Samsung, Sony, and LG -- will offer rock-bottom pricing on really big screens in leftover and less costly models built in mass quantities for Black Friday ...Read more

Tesla announces electric truck and teases a new sports car

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HAWTHORNE, Calif. -- Tesla announced the new Tesla Semi Thursday night -- and surprised everybody with a working prototype of a new Roadster sports car.

CEO Elon Musk claims the car will do 60 mph in 1.9 seconds -- the first production car to perform that in under 2 seconds, he said. Top speed is 250 mph. Price: $200,000.

He said production is...Read more

The Week Ahead: Choosing sides in the fight over net neutrality

Business / Business News /

President Donald Trump's deregulation efforts have touched the cars and trucks Americans may buy in the years ahead, how the electricity in our homes and businesses is generated and, in the week ahead, how we connect to the internet.

According to multiple media reports, the Federal Communications Commission is expected to release details of a ...Read more

House tax bill would hit nonprofits hard

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Hospitals, university buildings and affordable housing projects could become much more expensive to develop if the tax plan approved Thursday by the Republican-controlled House becomes law.

The plan calls for eliminating a tax break on a type of bond financing used to build those and other projects, prompting worries by hospitals, colleges and ...Read more

Larry Printz: Chrysler makes the mobile family room fuel efficient

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Humans aren't worth much anymore – at least when it comes to employment.

Consider shopping.

At one time, after flipping through a mail order catalogue, you'd call an 800 number and place an order. Now, you browse through a website, choose an item, and enter your own information. You fulfill the order, not an operator whose job has been ...Read more

Forget $700 juicers — this venture fund wants to help solve middle-class problems

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Silicon Valley investors love to fund companies that solve problems. But the startups that get funded aren't always the ones tackling issues that are most pressing to the average American.

Venture capital firm and startup incubator Kairos wants to change that with a $25 million fund announced Thursday.

Rather than backing companies that build ...Read more

Comcast joins bidding for 21st Century Fox assets

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Comcast Corp. is the latest company to join the pursuit of Rupert Murdoch's 21st Century Fox media assets, including Fox's movie studio, cable channels and t international operations, according to two people familiar with the move.

Comcast already owns NBCUniversal, so buying Fox's entertainment assets would make it a dominant media company. ...Read more

Best Buy raises its holiday outlook, but not as much as investors hoped

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Best Buy's top executives signaled Thursday that the retailer's high-flying sales growth of the past six months will once again slow down during the holidays.

The fourth quarter, which accounts for a third of the electronics chain's annual sales and half its annual profits, has been a rough go for the company in recent years with sales sliding ...Read more

Richard Spencer, other white supremacists lose Twitter verification

Business / Business News /

A week after the ruckus over blue checks on Twitter, the company has updated its policy on verifications and revoked the verifications of some white supremacists.

Richard Spencer, Jason Kessler and others have lost the blue check marks next to their names on Twitter.

"We are conducting an initial review of verified accounts and will remove ...Read more

Cheaper batteries will help GM profit from electric vehicles by 2021, Barra says

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DETROIT –– General Motors intends to make a profit on its next generation of electric vehicles because the batteries will cost nearly one-third less than the batteries in today's Chevrolet Bolt, CEO Mary Barra said this week.

Last month, GM product development chief Mark Reuss said the company intends to introduce 20 new electrified ...Read more