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Elon Musk and AI experts urge UN to ban artificial intelligence in weapons

Business / Business News /

NEW YORK -- Tesla and SpaceX chief Elon Musk has joined dozens of CEOs of artificial intelligence companies in signing an open letter urging the United Nations to ban the use of AI in weapons before the technology gets out of hand.

The letter was published Monday -- the same day the U.N.'s Group of Governmental Experts on Lethal Autonomous ...Read more

Jury hits Johnson & Johnson with $417 million verdict over cancer link to its talc Johnson's baby powder

Business / Business News /

LOS ANGELES -- A Los Angeles jury issued a $417 million verdict Monday against Johnson & Johnson, finding the company liable for failing to warn a 63-year-old woman diagnosed with terminal ovarian cancer about the risks of using its talcum products.

The verdict marks the largest award yet in a number of suits claiming that the company's talc ...Read more

Chinese automaker Great Wall wants to buy Jeep

Business / Business News /

DETROIT -- Chinese automaker Great Wall is interested in buying Jeep, an iconic American brand, from Fiat Chrysler Automobiles, a move that likely would face political opposition in the U.S. and create angst among workers.

Great Wall told trade publication Automotive News it is "deeply interested" in buying the Jeep brand and has "indirectly ...Read more

Ross Levinsohn named new publisher and CEO of Los Angeles Times as top editors ousted

Business / Business News /

LOS ANGELES -- In a dramatic shakeup at the Los Angeles Times, its Chicago-based parent company has installed new leadership and plans to invest more resources in the news organization to move it more quickly into the digital age.

Ross Levinsohn, 54, a veteran media executive who worked at Fox and served as interim chief of Yahoo, was named ...Read more

Sempra makes a big splash, buying Oncor

Business / Business News /

SAN DIEGO -- There was no hint of buyer's remorse on the part of leadership at Sempra Energy on Monday morning after the San Diego-based Fortune 500 company outbid Warren Buffett to acquire a power transmission company in a multibillion dollar deal that made financial headlines across the country.

"This is a great fit for our portfolio," said ...Read more

Newcomer 'The Hitman's Bodyguard' leads domestic box office

Business / Business News /

LOS ANGELES -- Cheap scares and violent crime seemed to resonate with audiences this past weekend, with action and horror films coming out on top at the box office. Meanwhile, "Logan Lucky," the return of vaunted film director Steven Soderbergh, had a relatively modest arrival.

Lionsgate's "The Hitman's Bodyguard" debuted at No. 1 this week, ...Read more

NAFTA nations say a quick deal is on the table

Business / Business News /

WASHINGTON -- The U.S., Mexico and Canada ended the first round of talks on a new North American Free Trade Agreement saying they're committed to concluding the negotiations quickly with a far-reaching deal.

"While a great deal of effort and negotiation will be required in the coming months, Canada, Mexico and the United States are committed to...Read more

Wal-Mart is buying trendy e-commerce sites, and the cool kids are not having it

Business / Business News /

At the height of their love affair, Bridget Henry visited online clothing store ModCloth's app every day. It wasn't just the clothes with a vintage and quirky vibe that the 26-year-old liked; it was the story.

Founded by high school sweethearts in a college dorm room, the San Francisco company had grown on the backs of its loyal customers to $...Read more

Susan Tompor: Cyber crooks target tax pros, putting your data at risk

Business / Business News /

Many of us aren't even thinking about income taxes as we're inching closer to Labor Day. But con artists know the time is right to hit tax pros, who will soon be running into their own crunch time.

What's troubling is that the crooks are so good that some tax professionals might not recognize that they're under attack, according to the Internal...Read more

Erin Arvedlund: Fretting over North Korea and your portfolio? Don't, say money managers

Business / Business News /

Are North Korea's threats keeping you up at night, making you fret about your portfolio? Should you be raising cash?

No, and don't worry -- we've survived worse before, say money managers and investment advisers.

"Investors should never react to short-term events like terrorism or wars," said Dan Roccato, founder of Quaker Wealth Management in...Read more

Consumer Confidential: It shouldn't take generous strangers to help patients cope with drug prices

Business / Business News /

The inherent goodness of people was made clear last week when a pair of readers offered to pay for a 75-year-old Southern California man's prescription meds after the drug maker imposed a $1,100 deductible to be eligible for financial assistance.

Meanwhile, the warped priorities of our for-profit health care industry once again tumbled into the...Read more

It's harder to get rich than it used to be

Business / Business News /

Whatever challenges there may have been for Americans three decades ago to move up the wealth ladder pales in comparison to what it takes to make a significant move up today, according to a recent study by the Federal Reserve Bank of Cleveland.

In this land of opportunity, the researchers found that it's gotten a whole lot harder to have ...Read more

Gail MarksJarvis: As open enrollment approaches, here's how to pick the right health-savings account

Business / Business News /

Morningstar has an important message for employees who will soon start signing up for next year's health benefits: Take a close look at any health savings accounts you are considering enrolling in.

Morningstar analyst Leo Acheson, in a new report, examines 10 major HSAs that are popular in the workplace, and his conclusion is anything but ...Read more

Trump-linked oligarch's companies in bankruptcy court

Business / Business News /

WASHINGTON -- Two companies owned by the Russian oligarch who bought Donald Trump's Palm Beach mansion filed for bankruptcy protection in North Carolina Friday, adding to the mystery about the firms and the rich Russian behind them.

Dmitry Rybolovlev has drawn attention not only for his 2008 purchase of Trump's home for nearly $100 million, but...Read more

Google, other tech companies warned over 'dangerous' banning of neo-Nazis, hate groups

Business / Business News /

SAN JOSE, Calif. -- Neo-Nazi website the Daily Stormer has been pushed offline or perhaps to the dark web by GoDaddy, Google and Cloudflare, which one by one made it impossible for the news and commentary provider to keep operating after it published an article that criticized a woman who died during last weekend's violent protests in ...Read more

After Charlottesville, only the US flag will fly at Six Flags Over Texas

Business / Business News /

ARLINGTON, Texas -- Ever since Six Flags opened in 1961, the six flags that have flown over Texas have been a staple of the park.

No more.

As of Friday morning, the five flags other than the United States flag -- representing Spain, France, Mexico, the Republic of Texas and the Confederacy -- are being left to the history books.

The park ...Read more

Former Uber CEO calls investor's lawsuit against him a smear campaign

Business / Business News /

NEW YORK -- Uber's co-founder and former chief executive, Travis Kalanick, struck back at venture capital firm Benchmark this week when he sought to dismiss a fraud lawsuit Benchmark had filed against him, describing it as a "smear campaign."

Kalanick's motion to dismiss, filed Thursday, comes a week after Benchmark sued him, alleging that he ...Read more

Fox CEO James Murdoch criticizes Trump over response to Charlottesville

Business / Business News /

James Murdoch, chief executive of Fox News' parent company, became the latest corporate leader to blast President Donald Trump over his response to the recent racially charged attack in Charlottesville, Va.

"(W)hat we watched this last week in Charlottesville and the reaction to it by the president of the United States concern all of us as ...Read more

Mark Phelan: Visionary engineer and Ford GT40 godfather Roy Lunn dies at 92

Business / Business News /

Roy Lunn, revered as the godfather of the mid-1960s Ford GT40 sports cars that fulfilled Henry Ford II's vow to beat Enzo Ferrari at his own game, died earlier this month after suffering a massive stroke at his home in Santa Barbara, Calif. Lunn was 92.

Lunn had the unenviable assignment of fulfilling Ford's goal of trouncing Ferrari's exotic ...Read more

The Week Ahead: Throwing shade on the Fed's interest rate path

Business / Business News /

A week that begins with a total solar eclipse darkening skies coast to coast will end with investors hoping for fewer shadows from the Federal Reserve.

Central banking elites from around the globe and leading economic thinkers will gather at the end of the week ahead for a symposium in Jackson Hole, Wyo., annually sponsored by the Kansas City ...Read more

 

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