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White-collar prosecutions fall to 20-year low under Trump

Business / Business News /

NEW YORK -- The number of white-collar prosecutions is on track to hit a 20-year low under President Donald Trump, after reaching a high in 2011 during the Barack Obama administration, according to a nonprofit research center that analyzes government data.

A total of 3,249 cases were brought during the first seven months of the U.S. government'...Read more

Auto review: Hyundai's 2018 Kona small crossover starts at $19,500, offers all-wheel drive

Business / Business News /

For 2018, Hyundai has added a new subcompact crossover SUV to its lineup, with lots to offer for the money and features buyers want in a versatile family vehicle, as well as Hyundai's excellent warranty.

The new Kona is available in four trims: SE, $19,500; SEL, $21,150; Limited, $24,700; and Ultimate, $27,400.

Front-wheel drive is standard, ...Read more

The Week Ahead: Bending the Volcker Rule

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Paul Volcker is credited with taming runaway inflation, helping seed the U.S. economy for the booming 1980s and '90s. He is an imposing figure in finance, and that has nothing to do with his 6-foot-7-inch frame.

As Federal Reserve chairman, he inherited double-digit inflation and an American economy struggling for growth. He led the charge to ...Read more

Auto review: Restyled 2018 Nissan Leaf has extended range on full charge to about 150 miles

Business / Business News /

Nissan redesigned its groundbreaking Leaf all-electric car for 2018, which includes improving the electric drive system -- and extended the driving range on a single charge to an estimated 150 miles, up from 107 miles on the 2017 model.

The exterior and interior have been restyled, and the new model has a 147-horsepower electric motor, up from ...Read more

Under the Hood: Perceived braking irregularity might be a road surface issue

Business / Business News /

Q. Brad, I have a problem with my 2013 Lexus IS 250c that has been going on almost from the time I began leasing it. When I brake for a stop sign or light sometimes (but not always) the front wheels will turn abruptly to the left (and even occasionally to the right) as I come to a stop. The steering wheel will make about a quarter turn to the ...Read more

Is this the only way millennials can live in a house?

Business / Business News /

Live like a king at a pauper's price? Not exactly, but you can reside at an estate on a budget -- so long as you're willing to share it with several strangers.

That's the bargain offered by Bay Area co-living startup Bungalow, which has newly taken up residence in San Diego by leasing out two aspirational homes on a room-by-room basis. The ...Read more

HQ2 sweepstakes: Amazon's business much more than e-commerce

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There's the part of Amazon that sells and ships books, shoes, electronics, toys and even groceries.

There's the side of Amazon that makes movies and television shows, e-readers and devices for the connected home. There's also the Amazon business that forms a vital link in the global internet infrastructure that helps companies and governments ...Read more

Mark Phelan: 2019 Ford Raptor adds adaptive shocks ready for 'jump mode'

Business / Business News /

DETROIT -- Ford's insanely popular F-150 Raptor off-road race truck will add electronically controlled adaptive shock absorbers for a smoother ride and better control when the 2019 model goes on sale late this year.

The new Fox Racing Shox are joined by an electronic system that functions like cruise control for the most challenging off-road ...Read more

Electric vehicle startup Rivian gets $200 million in funding to recharge shuttered Illinois plant

Business / Business News /

Startup Rivian Automotive has secured a $200 million loan to begin producing electric vehicles at the former Mitsubishi plant in Normal, Ill., by 2020.

While the Michigan-based company has yet to unveil a single vehicle design, the central Illinois city of Normal may have a lot riding on Rivian's success, with potentially 1,000 new jobs in the ...Read more

Ford tech workers move to Corktown: 'A very different space than suburbia'

Business / Business News /

DETROIT -- Tom Walsh packed his bags and headed west from New York City to Dearborn in March to play a key role on Ford's recently formed technology team, which on Thursday settles into its new digs in an old hosiery factory in Corktown, the historic district west of downtown Detroit.

"I live about a mile away in the heart of downtown," he said...Read more

Amazon's Alexa recorded and shared a conversation without consent, report says

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An Amazon device powered by the Alexa voice software recorded a couple's private conversation in their home and sent it to someone in their contact list without their knowledge, KIRO television reported.

A Portland woman told the TV station that two weeks ago, one of her husband's employees called to say he had received audio files containing ...Read more

Quest for affordable housing drives people away from the coasts, new figures show

Business / Business News /

WASHINGTON -- The high cost of housing seemed to sap Americans' taste for coastal cities last year as cities in Texas and Arizona gained more population than New York City or Los Angeles for the first time in a decade, according to census population estimates released Thursday.

"What started as a promising decade for big cities is starting to ...Read more

Delta plans to restart flights to Mumbai

Business / Business News /

Delta Air Lines said it plans to restart nonstop flights from the United States to Mumbai next year.

Atlanta-based Delta made the announcement in the wake of U.S. agreements reached earlier this year with Qatar and the United Arab Emirates.

The agreements with Qatar and the U.A.E. were aimed at addressing concerns Delta, United and American ...Read more

Elon Musk wants to rate journalists' credibility. But how's his credibility?

Business / Business News /

Stung by a series of news articles delving into safety issues at Tesla Motors' Fremont factory, Tesla Chief Executive Elon Musk has tweeted that he's thinking of starting a website that would score journalists for "credibility."

If he's looking for a model, he might start with the numerous articles that have scored him for credibility. But he ...Read more

United taps FAA's first female leader as airline's first female board chairman

Business / Business News /

The United Continental Holdings board has chosen Jane Garvey, the first female administrator of the U.S. Federal Aviation Administration, as its new chairman -- a role that was once promised to CEO Oscar Munoz.

Garvey, 74, will be the first woman to chair the Chicago-based airline's board. United announced her appointment Thursday in a note to ...Read more

Corker, U.S. Chamber blast Trump threat of auto tariffs

Business / Business News /

WASHINGTON -- Some policymakers and powerful business groups on Thursday criticized President Donald Trump's threatened tariffs on imported autos and auto parts into the U.S. on national security grounds, suggesting Trump is abusing his authority.

U.S. Sen. Bob Corker, R-Tennessee, who serves as chairman of the Senate Foreign Relations ...Read more

After chilly spring, beer industry hopes Memorial Day weekend will kickstart sales

Business / Business News /

A lagging beer industry hopes a strong Memorial Day weekend can help make the glass look half full again.

So far, 2018 has not been kind to beer-makers, in part because of the uncooperative weather. When the sun is blazing, beers are swilled on golf courses, boats and patios across the country. But after a chilly start to the year, particularly...Read more

Trump signs bipartisan bill rolling back some Dodd-Frank bank regulations

Business / Business News /

WASHINGTON -- President Trump on Thursday signed bipartisan legislation rolling back some of the Dodd-Frank financial rules put in place after the 2008 financial crisis, touting another victory for his deregulatory agenda.

But the bill fell well short of his campaign call to dismantle the 2010 Dodd-Frank law, leaving key pillars unchanged, ...Read more

California lead paint initiative comes under fire

Business / Business News /

SACRAMENTO, Calif. -- In dramatic fashion, state lawmakers on Wednesday ripped into a California ballot initiative to have taxpayers, not paint companies, pay for lead-paint cleanup while overturning a landmark court ruling that made three manufacturers liable for the cost.

After hearing a panel of paint company representatives and initiative ...Read more

Amazon's finance ambitions are said to draw attention from Fed

Business / Business News /

WASHINGTON -- U.S. banks are keeping a watchful eye on the ambitions of Amazon.com Inc. and other technology giants to break into the world of finance. So is the Federal Reserve.

Fed Vice Chairman Randal Quarles, the U.S.'s most influential banking watchdog, is monitoring the potential for disruption to the industry and has expressed concern ...Read more

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