Weinstein Co. board fires president David Glasser 'for cause'

Business / Business News /

Weinstein Co.'s president and chief operating officer, David Glasser, has been fired "for cause," the New York entertainment company's board of directors said.

Glasser came under fire this week after the New York state attorney general's office sued the studio, alleging civil rights violations. New York Attorney General Eric Schneiderman ...Read more

Wisconsin farmers ready to grow hemp again, but some products challenged by drug enforcement officials

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This spring, for the first time in about 60 years, Wisconsin farmers will be planting hemp -- a close and sometimes maligned cousin to marijuana.

The number of acres will probably be minuscule compared with corn and soybeans, yet there's interest in making Wisconsin the No. 1 hemp state in the nation, like it was in the 1950s.

Hemp was once ...Read more

Ex-Googlers strike startup gold -- again -- with $1.9 billion sale to drugs giant

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A two-man entrepreneurial team who attended an elite college together where they founded a startup they sold to Google for a reported $81 million have just sold a second company they founded together for nearly $2 billion.

Swiss pharmaceutical giant Roche and the cancer-technology firm Flatiron founded by Nat Turner and Zach Weinberg confirmed ...Read more

Cries of scam arise as once high-flying firms fail to deliver on cryptocurrency

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WASHINGTON -- When the price of bitcoin and other digital currencies shot up late last year, insurance agent Ryan James wanted in on the action. He hit a trifecta.

Unfortunately for James, the trifecta was in three get-rich-quick companies that crashed in value, drew the attention of U.S. and Canadian regulators and highlighted the dangers of ...Read more

Google's firing of Damore in 'monoculture' case found legal

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WASHINGTON -- Google's firing of an engineer over his controversial memo criticizing its diversity policies and "politically correct monoculture" didn't violate U.S. labor law, a federal agency lawyer concluded.

Statements in James Damore's 3,000-word memo "regarding biological differences between the sexes were so harmful, discriminatory, and ...Read more

Drug used to put dogs down causes recall of Gravy Train, other dog food brands

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MIAMI -- J.M. Smucker is "withdrawing" all lots of certain Gravy Train, Kibbles 'N Bits, Skippy and Ol' Roy canned dog food products manufactured since 2016 because they might contain pentobarbital, a sedative used in pet euthanasia.

An FDA alert was posted Friday.

"The FDA's preliminary evaluation of the testing results of Gravy Train samples...Read more

Big Tech stages White House lobbying blitz

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WASHINGTON -- The world's biggest technology providers saw an opening and a threat late last summer as the White House prepared a report that could influence billions of dollars in government spending on computing contracts. Inc., Oracle Corp., Alphabet Inc.'s Google and Microsoft Corp. all sought to make their voices heard as a key ...Read more

Feds fine US Bancorp $613 million for failing to guard against money laundering

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WASHINGTON -- U.S. Bancorp has agreed to pay the federal government $613 million to settle criminal charges that it did not guard against money laundering in its business.

The U.S. Justice Department said Minneapolis-based U.S. Bancorp "willfully" failed to maintain adequate safeguards against money laundering, leading the bank to miss ...Read more

North Dakota oil supply down a bit but forecast is strong

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North Dakota's oil production fell by 1 percent in December, though the outlook continues to be relatively optimistic.

The nation's second-largest oil-producing state, North Dakota pumped 1.18 million barrels per day in December, down from 1.97 million in November, according to data released Thursday by North Dakota's Department of Mineral ...Read more

To stay off 20 Most Hated Companies list, don't overpromise or underdeliver

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This month the financial website 24/7 Wall St. published its list of America's 20 Most Hated Companies, based on consumer surveys and other metrics.

The list bears watching. It provides a rogues' gallery of how companies get in trouble with consumers.

There were some no-brainers on the list -- Weinstein Companies (formerly headed by sexual ...Read more

Streaming video is NBC's fountain of youth at the Winter Olympics

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On Tuesday evening, 27-year-old Cosette Chaput hoped to get home from a late meeting at the Westwood office of the marketing agency where she works to see Olympic snowboarder Shaun White compete the halfpipe competition for his third gold medal.

With traffic on Santa Monica Boulevard moving at a crawl, the Beverly Hills resident wasn't going to...Read more

How these Bay Area cities are paving the way for our autonomous car future

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SAN FRANCISCO -- Within two to three years, bicyclists in Emeryville and Los Gatos will be able to download an app to get more green lights at intersections. Patients at the Veterans Administration Palo Alto Medical Center will be hopping on an autonomous shuttle for appointments. And, within a few more years, BART riders in Dublin will have a ...Read more

Under the Hood: Dealer can't solve Equinox' low-speed problem

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Q. The speed limit in our retirement area is 25 mph. With the cruise control set or not, my new 2018 Equinox surges back and forth like it's trying to shift to a lower speed. I took it back to the dealer, and they could not find any thing wrong with it. I went for a ride with their tech rep, and he was able to duplicate it the problem. They told...Read more

2018 Smart ForTwo Electric: The world's cutest convertible

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In past reviews, I've written about the sublime pleasure of driving around Los Angeles in a convertible on a warm, balmy night.

Now I've found a way to make it even more sublime: Add silence.

The Smart ForTwo -- which you'll see in great numbers in any major European capital, but in small numbers in the United States -- is a suitcase-sized two...Read more

The Week Ahead: The return trip to 3 percent matters this time

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Market interest rates started rising in the middle of 2013. Over the last six months of that year, the economy was strengthening, employment was dropping, and the Federal Reserve began tapering off its purchases of government bonds. The bond market sell-off came as the stock market staged a big rally.

The interest rate on the 10-year Treasury ...Read more

Review: Golf SportWagen offers a sportier alternative to some small crossovers

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Since its introduction in 2015 replacing the Jetta wagon, the Volkswagen Golf SportWagen, billed as a "sportier alternative to compact SUVs," has been a top choice for buyers who want a nimble, fun-to-drive vehicle with lots of space, versatility, comfort, and performance.

The Golf SportWagen is also beautifully designed. The appearance is ...Read more

A star is born: Volvo's Polestar1 pioneers electric-luxury brand; U.S. sales begin in 2019

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Volvo's new Polestar brand for high-performance electric vehicles is racing toward the start of public sales, with its first car -- a 600-horsepower plug-in hybrid -- debuting shortly and two more all-electric vehicles in the works.

The brand expects to be selling the luxury coupe at standalone dealerships in major cities around the world in ...Read more

Larry Printz: Meet Jaguar's future bestseller: the 2018 E-Pace

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Jaguar founder Sir William Lyons famously insisted that his products possess grace, pace and space, qualities that have long defined the brand, including its midsize luxury crossover, the F-Pace, which debuted in 2016. Since then it's become the brand's bestseller with sales up 89 percent in 2017. Now comes the F-Pace's compact companion, the E-...Read more

Why we fall in love and stay in love with certain car models

Business / Business News /

Car love.

For some, it's an obsession. One that rivals first love. Something that you never forget. And compare everything else to.

"I have learned that there is no known cure for this affliction other than death," said Burt Richmond, managing partner of Chicago's Collectors Car Garage. He gave his loyalty to a 1954 Commander Starlight after ...Read more

University of Chicago grad students want to bypass GOP-controlled labor board in contract talks

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CHICAGO -- The University of Chicago's graduate student union has decided not to continue with the National Labor Relations Board process as it pursues a contract with the university.

The graduate workers voted to unionize in October after efforts from the school to delay the vote. The school had asked the NLRB to review its decision to allow ...Read more