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Two enter guilty pleas in what federal prosecutors call $2.5 billion Ponzi scheme

Business / Business News /

Two key figures in an investigation of what prosecutors call a $2.5 billion Ponzi scheme pleaded guilty in federal court in Sacramento Tuesday, paving the way for them to cooperate in an ongoing probe involving a now-defunct Benicia solar company.

Ronald Roach, a certified public accountant for DC Solar Solutions, and Joseph Bayliss, an ...Read more

In lawsuit over Alexa recording kids, judge rejects Amazon attempt to require arbitration

Business / Business News /

Just because someone uses an Amazon Alexa device doesn't mean they've entered into a contract with Amazon.

That's one finding in a proposed order by U.S. Magistrate Judge Michelle Peterson that would deny Amazon's attempt to force arbitration and dismiss a putative class action lawsuit. The suit, filed in federal court in Seattle in June, ...Read more

Kevin McAllister ousted as boss of Boeing Commercial Airplanes as 737 MAX crisis continues

Business / Business News /

The first Boeing executive head to roll as a result of the ongoing 737 MAX crisis is that of Kevin McAllister. The Boeing board decided to fire him as boss of Boeing Commercial Airplanes at a board meeting Monday in San Antonio.

McAllister was replaced immediately by Stan Deal, chief executive of Boeing's services division and formerly a ...Read more

SeaWorld plans Sesame Street-based theme park near San Diego

Business / Business News /

SAN DIEGO -- Elmo, Big Bird, Cookie Monster and the rest of the "Sesame Street" gang will be putting down new roots in Southern California in 2021: SeaWorld Entertainment Inc. plans to turn its Aquatica water slide venue in Chula Vista into a new Sesame Place theme park.

Orlando, Fla.-based SeaWorld and Sesame Workshop, the educational ...Read more

Facebook posts biggest quarterly lobby tab, as business, health interests dominate K Street

Business / Business News /

WASHINGTON -- Facebook is on pace to spend more on federal lobbying this year than ever before, according to public disclosures out this week, as the social media giant's CEO prepares to testify Wednesday on Capitol Hill.

The company -- at the center of debates over the spread of falseinformation, data privacy and others -- spent $12.3 million ...Read more

Verizon is giving away Disney+ for a year as mobile becomes a streaming battleground

Business / Business News /

The streaming wars are coming to your mobile phone.

Verizon Communications Inc. will offer a free year of new streaming service Disney+ to its wireless unlimited customers, Walt Disney Co. announced Tuesday.

The companies said new Verizon Fios home internet and 5G internet customers would also be eligible for a yearlong free subscription to ...Read more

Gander Outdoors, Pier 1, Forever 21 headed to bankruptcy? Use gift cards now

Business / Business News /

On Sept. 22 Smaaash go-carts at Mall of America in Bloomington, Minn., abruptly closed its doors. Based in India, the company has no other U.S. locations and left no forwarding information on how to contact it. That left Randy Kraemer of Rosemount, Minn., wondering if he had any recourse. "I'm sitting on a $100 gift card," he said. "How do I get...Read more

Do you want your surgeon smoking pot, even when it's legal? A safety nonprofit urges employers to ban all marijuana use for those in sensitive jobs.

Business / Business News /

With recreational marijuana use about to become legal in Illinois Jan. 1, the National Safety Council is urging employers to forbid workers in safety sensitive jobs from using cannabis, even when they're off the clock.

The Itasca, Ill.-based nonprofit on Monday said it "believes there is no level of cannabis use that is safe or acceptable for ...Read more

Best Buy joins growing free next-day delivery crowd

Business / Business News /

Free two-day delivery was so 2018. This holiday season, it's shaping up to be about next-day delivery.

Best Buy is among the retailers who have been able to shave a day off delivery through modernizing their supply chains. The electronics giant plans to announce Tuesday that about 99% of its customers are now able to get free next-day delivery ...Read more

Bernie Sanders joins Elizabeth Warren in criticizing Amazon's spending in Seattle City Council elections

Business / Business News /

Bernie Sanders has joined fellow Democratic presidential candidate Elizabeth Warren in decrying Amazon's heavy spending on Seattle's pivotal City Council elections.

Amazon last week reported a record $1.05 million contribution to a political-action committee that's been paying door-to-door canvassers and buying advertisements to boost pro-...Read more

Death and deals: Sick children suffer, private equity profits

Business / Business News /

NEW YORK -- One nurse slept on the job. Another didn't show up at all. A third scalded a child so badly that her skin peeled.

Still another failed to check on a toddler who depended on a breathing tube. By the time the nurse returned, the child's hands and feet were purple.

The little girl was dead.

All of these incidents have something in ...Read more

Boeing's defense of 737 Max's flight-control system in wake of pilot messages stands up

Business / Business News /

After the release Friday of an instant message chat between two senior Boeing pilots, the jet maker faced skepticism when, two days later, it denied it had suppressed what seemed like early evidence that its 737 Max flight control system had "run rampant" during simulator testing in 2016.

But Boeing's defense stands up, according to three ...Read more

Liz Reyer: How to develop a career plan that can actually help you

Business / Business News /

Q: I'm facing a job change and am thinking about my next step. In reflecting, I realize that I've never had a plan or vision for where I want to be and have just let chance guide me. How I should proceed?

-- Alex, 48, senior manager, communications

A: Many things go into a life, combining planned steps and serendipity. While most of us are not...Read more

Consumer Confidential: You've won! (Except that you haven't.) Sweepstakes and lottery scams are growing more sophisticated

Business / Business News /

Christine Heinz is a winner. She wins so much, she's sick and tired of winning.

Or at least she's sick and tired of the calls, letters and faxes she receives almost daily telling her she's won this or that sweepstakes.

"I suppose they think that because I'm a little old lady, I must be dumb," Van Nuys, Calif., resident Heinz, 79, told me the ...Read more

It's hard to land a bank job if you have a record. But JPMorgan Chase tells people in Chicago with criminal records: 'We're hiring.'

Business / Business News /

JPMorgan Chase & Co. is piloting an initiative in Chicago to hire people with criminal backgrounds and is throwing its weight behind public policy proposals aimed at giving ex-offenders a second chance.

The nation's largest bank by deposits has partnered with several Chicago nonprofits to mentor, train and recruit applicants who might otherwise...Read more

Fliers are bigger, seats are smaller: Consumer groups say airline safety tests are outdated

Business / Business News /

A coalition of consumer groups that has questioned the safety of the nation's increasingly crowded airline cabins and shrinking seats is calling federal safety tests scheduled for next month outdated.

With airlines squeezing smaller seats in each cabin, federal regulations adopted last year required the Federal Aviation Administration to study ...Read more

Democrats seek insider trading probe after 'Trump Chaos' article

Business / Business News /

WASHINGTON -- Democratic lawmakers are increasingly demanding that U.S. authorities investigate allegations raised in a recent magazine article that traders might be using nonpublic government information to reap huge illegal profits, even as the exchange where the transactions purportedly took place called the story "patently false."

In a ...Read more

California's spiking gas prices should be investigated for possible fixing, says Gov. Newsom

Business / Business News /

SACRAMENTO, Calif. -- Citing gasoline prices that are as much as 30 cents a gallon higher than those in other states, Gov. Gavin Newsom on Monday asked the state attorney general to investigate whether California's leading oil and gas suppliers are involved in price-fixing or other unfair practices.

"Simply stated, name-brand gas retail outlets...Read more

Zuckerberg: More important for him to 'be understood than it is to be liked'

Business / Business News /

Facebook Chief Executive Mark Zuckerberg continued with his recent public openness campaign on Monday when he reiterated what he said was the social-media giant's commitment to free expression amid criticism about his company's role in political campaigns.

"I get that a lot of people are angry at us," Zuckerberg said in an interview with NBC ...Read more

Minnesota's biggest semiconductor chip plant is getting even bigger

Business / Business News /

BLOOMINGTON, Minn. -- SkyWater Technology Inc., the biggest maker of semiconductors in Minnesota, is adding a third clean room that will allow it to build smaller chips and ones designed for outer space.

Construction just started at the factory in Bloomington, just a few blocks from the Mall of America, on the addition. "It's exciting to be ...Read more