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Trump claimed credit for rising stock prices, and now he owns their fall

Business / Business News /

WASHINGTON –– Until its recent downturn, the U.S. stock market had been one of President Donald Trump's favorite topics.

He's tweeted more than 60 times since his election about new highs and frequently touted the gains in public comments.

"The stock market is smashing one record after another, and has added more than $7 trillion in new ...Read more

NAFTA negotiators dig in for the long haul

Business / Business News /

MEXICO CITY ––It's looking increasingly likely that NAFTA talks will extend beyond a March target, meaning negotiators will have to deal with the added political uncertainty of a Mexican election campaign.

Negotiators are to meet Sunday through March 5 in Mexico City for the seventh round of talks. When negotiations began six months ago, ...Read more

Google 'bro culture' led to violence, sexual harassment against female engineer, lawsuit alleges

Business / Business News /

MOUNTAIN VIEW, Calif. -- As a young, female software engineer at male-dominated Google, Loretta Lee was slapped, groped and even had a co-worker pop up from beneath her desk one night and tell her she'd never know what he'd been doing under there, according to a lawsuit filed against the company.

The lawsuit comes as Silicon Valley's tech ...Read more

Analysis: When it comes to guns, the Parkland shooting survivors aren't here to play nice

Business / Business News /

Since the shooting attack at Marjory Stoneman Douglas High School in Parkland, Fla., Feb. 14, a student there, Sarah Chadwick, has amassed a Twitter following of more than 150,000 people. On Thursday night, Chadwick decided to share a thought with them.

Was it time for a message calling for thoughts, prayers and privacy?

Hardly. It was time to...Read more

Hoax attempts against Miami Herald augur brewing war over fake, real news

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WASHINGTON -- Two incidents hit The Miami Herald in recent days that demonstrate new tactics by those seeking to discredit mainstream media, and they augur what experts said are dark days in the battle between credible news and misinformation.

Both incidents came after the Feb. 14 shootings in Parkland, Fla., when a gunman killed 17 students ...Read more

Leaving Las Vegas? Check your bags, grab your boarding pass and dump that pot

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LAS VEGAS -- Check your bags, dump the weed.

McCarran International Airport in Las Vegas is now offering travelers a chance to dispose of any marijuana they might have on them before hopping onto a flight. So-called "amnesty boxes" have been installed at the airport and soon will be located at smaller airports in North Las Vegas and Henderson -...Read more

Trump administration announces more H-1B visa restrictions

Business / Business News /

The Trump administration Friday announced stricter requirements for companies that rely on workers with H-1B visas.

The new restrictions particularly target Indian tech workers and IT outsourcing companies.

U.S. Citizenship and Immigration Services said in a policy memo that it will require "detailed documentation" about H-1B workers employed ...Read more

US charges pharmacy with defrauding military health care program

Business / Business News /

The Justice Department has accused a Florida pharmacy and the Los Angeles private equity firm that owns it of bilking a military health care program out of millions of dollars by pushing unneeded vitamins and creams.

In a filing in federal court in Miami, federal prosecutors said compounding pharmacy Patient Care America billed Tricare for more...Read more

Companies drop NRA as partner after Florida school attack

Business / Business News /

National Rifle Association members have lost a string of financial benefits since the Parkland high school shootings in Florida.

Corporate partners have dropped the gun lobby and shooting-sports promotion group, deciding it is not good business to link their brands to the NRA.

The loss of partners follows public complaints about the gun ...Read more

Stanford professor drops defamation lawsuit against scientific critics

Business / Business News /

Stanford University environmental professor Mark Z. Jacobson made a big splash in 2015 with a paper predicting that renewable sources could provide 100 percent of the energy needed in the 48 contiguous states by 2050.

But he made an even bigger splash last September, when he responded to a critique of his claim published in a leading scientific...Read more

Gothamist sites revived by public radio

Business / Business News /

News websites in the Gothamist network, which were shut down abruptly last year by its billionaire owner, will reopen under new management: public radio.

KPCC, a public radio station in Pasadena, Calif., said it would run LAist, one of the Gothamist sites, after two anonymous donors acquired LAist and its sister sites in the Gothamist network. ...Read more

General Mills buys fast-growing pet-food company Blue Buffalo for $8 billion

Business / Business News /

MINNEAPOLIS--General Mills for 15 years has bought fast-growing makers of natural and organic foods, repositioning itself as food habits changed. On Friday, it bought the biggest name in wholesome pet foods, Blue Buffalo.

The deal, valued at $8 billion, is the second-biggest in the 151-year history of General Mills.

The company is paying ...Read more

Domino's is now the biggest pizza chain in the world

Business / Business News /

Domino's Pizza claimed the title of largest pizza company in the world this week, passing Pizza Hut. The company, in its fourth-quarter earnings report, said its self-proclaimed No. 1 ranking is based on global retail sales.

Ann Arbor, Mich.-based Domino's edged out Pizza Hut of Plano, Texas, which had been the largest pizza chain, with $12.2 ...Read more

Chinese government takeover of Anbang includes properties in US and worldwide

Business / Business News /

BEIJING -- Chinese regulators have taken control of the Anbang Insurance Group, a privately owned Chinese conglomerate that owns New York's Waldorf Astoria, temporarily putting management of the hotel and other high-profile international properties under the Chinese government's control.

China's insurance regulator said in a statement Friday ...Read more

Cashing in medals for money is tough sledding for most U.S. Olympians

Business / Business News /

When she arrived for the Winter Olympics in South Korea, Chloe Kim already was an accomplished snowboarder with endorsement deals from the likes of Visa, Nike and Toyota.

Then came her dominating performance to win the gold medal in the women's snowboarding halfpipe in Pyeongchang, and the charismatic 17-year-old Southern Californian instantly ...Read more

Even in exile, Harvey Weinstein maintains an upscale lifestyle. But his expenses are adding up

Business / Business News /

PARADISE VALLEY, Ariz. -- To visitors of this upscale Phoenix suburb, one of the main attractions is the Praying Monk, the natural rock formation in the shadow of Camelback Mountain that resembles a holy man kneeling in contemplative repose.

In recent months, however, another man has come to the area in search of his own isolation: Harvey ...Read more

Parking giant says Uber, Lyft have cut parking business up to 50 percent in some venues

Business / Business News /

SAN DIEGO -- The parking giant Ace Parking says that Uber and Lyft are eating into the parking business -- with as much as 50 percent less traffic at nightclubs and a 25 percent drop at restaurant valets.

A death knell for paid parking? No, Ace and others say they are going high-tech to survive.

For consumers, the bright side may be lower ...Read more

Unemployment: For the older professional who had everything

Business / Business News /

What retirement? Americans will have to work longer, we've been warned. Fewer companies guarantee pensions.

With more old people to maintain, Congress is weighing plans to limit Social Security and Medicare, raising qualifying ages, and curbing benefit increases. "Our big entitlements are going to have reform so they are there for the next ...Read more

250,000 Michigan jobs may be gone forever, despite economic rebound

Business / Business News /

DETROIT -- Judging by the past few years, Michigan's economy has come roaring back from the Great Recession. Unemployment has dropped dramatically, the state has added roughly a half-million jobs since 2011 and auto companies have posted record or near-record sales for several years in a row.

But that upbeat narrative masks the deep trough that...Read more

California vehicle sales exceed 2 million for third straight year

Business / Business News /

For the third straight year, sales for new cars and trucks in California exceeded 2 million and the forecast for 2018 anticipates the number to top 2 million again -- but just barely, as the rate of growth is slowing.

New vehicle registrations reached 2.047 million units in 2017, down from 2.088 million in 2015, which was one of the strongest ...Read more

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