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Amazon's website crashes for some users as Prime Day kicks off

Business / Business News /

Amazon's website experienced widespread crashes and problems Monday shortly after the e-commerce company's annual day of sales, Prime Day, began at noon.

The app and website worked intermittently early Monday afternoon, sometimes showing deals, sometimes showing pictures of various dogs with apologetic messages. One French bulldog proclaimed, "...Read more

FCC chair's 'serious concerns' over WGN sale puts Sinclair-Tribune Media merger in jeopardy

Business / Business News /

Sinclair Broadcast Group's proposed $3.9 billion purchase of Chicago-based Tribune Media may be in jeopardy after Federal Communications Commission Chairman Ajit Pai issued a statement Monday expressing "serious concerns" about the deal.

"The evidence we've received suggests that certain station divestitures that have been proposed to the FCC ...Read more

Googlers threatened after fired engineer Damore identifies them in court filings: judge

Business / Business News /

Google employees whose comments in internal communications were filed in court by a fired engineer have received online threats -- but engineer James Damore redacted the names of Googlers sympathetic to his cause.

That's according to a judge in Damore's lawsuit against the Mountain View tech giant.

Google sacked Damore last year after he wrote...Read more

CVS fires 2 Chicago store employees after white manager calls cops on black customer

Business / Business News /

CHICAGO -- CVS has fired two employees at a store in Chicago's Edgewater neighborhood who called the police on a black female customer Saturday after she attempted to use a coupon.

"We have completed our investigation, and as a result the two colleagues who were involved are no longer employed by CVS Health," Mike DeAngelis, a spokesman for CVS...Read more

Novartis and the fixer: New details on a big drug company's deal with ex-Trump lawyer Michael Cohen

Business / Business News /

You know something is deeply wrong with a corporate transaction when the company's defense boils down to: "We're not crooked, just stupid."

That's the case with the big drug company Novartis and its $1.2-million contract with President Trump's former self-described fixer, Michael Cohen. The Switzerland-based company has confessed that it "made ...Read more

Netflix sees weaker-than-expected new subscriptions in the second quarter

Business / Business News /

Netflix attracted fewer new subscribers than expected for the second quarter, causing shares of the streaming entertainment giant to tumble as much as 14 percent in after-hours trading Monday.

The Los Gatos, Calif., company said it ended the quarter with 130.1 million subscribers worldwide, falling short of analysts' expectations of 130.8 ...Read more

With 29 new aircraft from Boeing, Embraer, United gives passengers more room: an inch

Business / Business News /

United Airlines is buying 29 new aircraft from jetmakers Boeing and Embraer, the airline said Monday.

Most of the new airplanes are Embraer E-175s, which carry 76 passengers, six more than the regional jets they are replacing. Each seat on the new Embraer E-175s is an inch wider and economy seats have an extra inch of pitch, the distance from ...Read more

Weinstein Co. completes $289 million sale to private equity company

Business / Business News /

Goodbye, Weinstein Co. Hello, Lantern Entertainment.

On Monday, the beleaguered studio wrecked by sexual assault allegations against its co-founder Harvey Weinstein completed the sale of its assets to Lantern Capital Partners, closing the book on the onetime indie film powerhouse.

Lantern paid $289 million for the assets, including Weinstein ...Read more

Kushner Cos. probed over harassment of low-income tenants

Business / Business News /

NEW YORK -- Kushner Cos. is being investigated in New York over allegations the real-estate company used disruptive construction projects to harass rent-regulated tenants so they'd move out of their apartments.

New York Governor Andrew Cuomo's Tenant Protection Unit opened the probe after residents of Austin Nichols House in Brooklyn accused ...Read more

The military is building a space plane. Now it looks to have an engine up to the task

Business / Business News /

A decade after the U.S. Air Force commissioned the next generation of GPS satellites, the first of these spacecraft is finally set to launch into orbit later this year.

As with other national security missions, a roughly 200-foot-tall rocket will blast the massive satellite to space, fulfilling a contract worth more than $80 million.

But as ...Read more

FCC chief Ajit Pai has 'serious concerns' about Sinclair-Tribune deal; Tribune stock dives

Business / Business News /

Sinclair Broadcast Group's proposed acquisition of Tribune Media for $3.9 billion will go to an administrative judge after Federal Communications Commission Chairman Ajit Pai said Monday he had "serious concerns" about how Sinclair planned to divest some of the TV stations to meet regulatory scrutiny.

Pai's statement is the first time the FCC, ...Read more

The Journey: Social Security Administration is shortchanging survivors on benefits

Business / Business News /

Widows and widowers who were shortchanged on Social Security benefits by an estimated $131.8 million won't get any of that money back, despite an Inspector General report calling for action.

Earlier this year, the administration's Office of the Inspector General issued an audit report that determined the Social Security Administration underpaid...Read more

On Philanthropy: Coherent philanthropy: 6 key lessons for families

Business / Business News /

Philanthropy is "coherent" when it is logical, well-organized, well-planned and sensible -- as well as easy to understand and articulate.

Over the years, I have helped dozens of families, foundations, businesses and family offices achieve coherence in their philanthropy. In the realm of family philanthropy, here are six key lessons. (In a ...Read more

Cave diver says he might sue Elon Musk after Musk suggests he's a pedophile

Business / Business News /

SAN FRANCISCO -- A British cave diver involved in the rescue of 12 Thai soccer players and their coach said he would consider taking legal action against Elon Musk after the Tesla Inc. and SpaceX chief executive suggested on Twitter that the diver was a pedophile.

On Monday, Vernon Unsworth told the Guardian that he was "astonished and very ...Read more

Susan Tompor: Students aren't the only ones crushed by school debt

Business / Business News /

College debt is building and, increasingly, parents are on the hook.

Where do you turn when you've maxed out on federal student loans? Ask Mom and Dad to take out some parent loans, too.

The average cumulative federal student loan debt that parents borrow even exceeds what's being taken on by students, according to new research.

On average, ...Read more

Cave diver criticizes Musk's kid-sub rescue plan. Musk suggests he's a pedophile

Business / Business News /

LOS ANGELES -- The Elon Musk story took a bizarre turn Sunday morning, as the world famous entrepreneur took to Twitter to suggest a critic of his submarine rescue plan is a pedophile.

Musk's tweet was directed at British cave diver Vern Unsworth, who had participated in the rescue of 12 Thai children and their soccer coach from a water-filled ...Read more

'Skyscraper' collapses as 'Hotel Transylvania 3' lures family audiences to summer box office

Business / Business News /

LOS ANGELES -- Dwayne Johnson's burly action hero was no match for a computer-animated Count Dracula at the box office this weekend.

Sony's "Hotel Transylvania 3: Summer Vacation" debuted in first place with $44.1 million, according to figures from measurement firm ComScore.

The latest in the animated "Hotel Transylvania" series, the cartoon ...Read more

Preparing to meet with Putin, Trump calls the European Union a 'foe'

Business / Business News /

HELSINKI -- On the eve of his meeting with Russian President Vladimir Putin, President Donald Trump Sunday described the European Union as a trading "foe," further unnerving some of America's closest partners after disruptive visits to NATO headquarters and the United Kingdom.

Trump has not said what he hopes to gain from four hours of ...Read more

Trump calls European Union a US 'foe,' citing trade disputes

Business / Business News /

WASHINGTON –– President Donald Trump said the European Union is a "foe" of the U.S. in an interview after a contentious meeting last week with NATO allies.

Asked to name the U.S.'s "biggest foe globally" in an interview conducted Saturday and aired Sunday on CBS, Trump turned first to the EU, saying, "We have a lot of foes."

"I think the ...Read more

Chicago's last Sears to close for good Sunday

Business / Business News /

CHICAGO –– Mike Lord remembers treating the Sears at Six Corners as a neighborhood hangout when he was a kid.

When his parents pushed to turn off the TV and get outside, he would sneak over to the store's TV department to watch Cubs games.

"It was my babysitter when I couldn't get friends together to play ball," said Lord, 59, who was ...Read more