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Target, Walmart rolling out more electric vehicle charging stations

Business / Business News /

Earth Day was Sunday, which means that retailers have once again made a round of announcements touting new sustainability initiatives in the last few days. This year, the big theme has been the rollout of more electric vehicle charging stations.

As car manufacturers look to convince more consumers to buy electric vehicles, one of the major ...Read more

Southwest cancels another 26 Dallas flights, tracker says. How long will this go on?

Business / Business News /

DALLAS -- The day after Southwest Airlines canceled 40 flights coming in or out of Dallas Love Field, the airline canceled 26 flights and delayed another 35, according to Flightaware.com.

Southwest says the delays are due to inspections of its fleet of roughly 700 Boeing 737s. The inspections began on April 17, the day after an engine broke up ...Read more

EPA chief Pruitt met with lobbyist tied to $50 condo rental

Business / Business News /

WASHINGTON -- The lobbyist whose wife rented a bedroom in a Capitol Hill condo to EPA Administrator Scott Pruitt says he met with Pruitt last July with the charitable arm of pork processor Smithfield Foods Inc., despite earlier saying he hadn't lobbied the agency on behalf of clients in the past year.

Revelations that J. Steven Hart was present...Read more

Alaska Air ekes out small profit, says merger with Virgin on track

Business / Business News /

SEATTLE -- Alaska Air Group reported a small first quarter profit Monday of $4 million, or 3 cents a share, on revenue of $1.8 billion.

That was down from $93 million, or 75 cents a share, a year ago. But it was a better result than management had forecast at the end of last year, when it predicted a loss for the first quarter due to the ...Read more

Yahoo exits the picture, Flickr sold to SmugMug

Business / Business News /

For Flickr, a pioneer in photo sharing, there's a new owner in the picture.

Flickr has been sold to SmugMug, a Mountain View company that offers paid photo-sharing services for professional photographers, for an undisclosed amount.

The future of Flickr, a favorite of many photo enthusiasts, was up in the air after Yahoo was bought by Verizon. ...Read more

'Good Morning America' news anchor Amy Robach is moving to '20/20'

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Amy Robach is moving off ABC's "Good Morning America" to take over as co-anchor of the prime-time newsmagazine "20/20."

ABC News President James Goldston announced Monday that Robach will replace Elizabeth Vargas, who announced late last year that she would leave "20/20" this spring.

Vargas, whose co-anchored "20/20" for 14 years, is joining A...Read more

Sears CEO Edward Lampert's fund offers to buy Kenmore, other assets

Business / Business News /

CHICAGO -- The hedge fund run by Sears CEO Edward Lampert has offered to buy the retailer's popular appliance brand Kenmore and other Sears divisions, moving to break up the company after it failed to find other buyers for the assets.

Sears said it has received a letter from ESL Investments suggesting that it acquire all or a portion of its ...Read more

Travel 700 mph in a vacuum tube? Hyperloop promises a 30-minute trip from Chicago to Cleveland, but multiple challenges ahead

Business / Business News /

CHICAGO -- Suppose you want to go to Cleveland from Chicago -- how fast can you get there?

A car ride takes around five hours. A plane takes an hour and 20 minutes, not counting waiting time in the airport.

Hyperloop technology, which involves a system composed of a vacuum and magnets to propel vehicle pods through a tube, could theoretically ...Read more

Change-of-address scam moved UPS corporate headquarters to tiny Chicago apartment, feds say

Business / Business News /

CHICAGO -- The timeworn apartment building in Chicago's Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world's largest shipping companies.

But for a few recent months, that's essentially what it became -- at least as far as the U.S. Postal Service was concerned.

Federal court papers unsealed last week ...Read more

Minerals glut crushes independence dreams as Greenland votes

Business / Business News /

COPENHAGEN -- With their dream of commodity riches dead in its icy waters, voters on the world's largest island will focus on the mundane when they head to the polls on Tuesday to elect a new government.

Greenland, a dependency of Denmark that's three times the size of France but with a population the size of a large town, is believed to be ...Read more

Sixt, which came to the U.S. in 2011, is already the nation's No. 4 car-rental company

Business / Business News /

Sixt Rent-a-car is the second-biggest car rental company in Europe but entered the U.S. market only in 2011.

But the German multinational rental company has grown so fast that it is now the fourth-largest car rental company in the U.S. Its fleets include high-end American cars, and Mercedeses and BMWs.

Sixt operates 52 outlets around the ...Read more

Mogul shifts to Toys R Us in US

Business / Business News /

LOS ANGELES -- Los Angeles toy mogul Isaac Larian is abandoning efforts to buy the Canadian stores of Toys R Us and instead plans to sweeten his rejected bid for more than 200 U.S. outlets of the bankrupt retailer.

The Bratz doll maker told the Los Angeles Times on Sunday that he is satisfied that the 82 Canadian stores could be operated by ...Read more

'I Feel Pretty' exceeds expectations, and 'A Quiet Place' is back on top

Business / Business News /

LOS ANGELES -- "A Quiet Place" has hardly been a silent success. With an additional $22 million in ticket sales over the weekend, the horror film directed by John Krasinski has snatched the No. 1 spot once again in its third week of release. Meanwhile, the STX comedy "I Feel Pretty" starring Amy Schumer performed slightly better than expected ...Read more

Tyson, the largest meat processor in the U.S., invests in fake meat

Business / Business News /

Beyond Meat burgers -- plant-based patties made to resemble, sizzle and even bleed like meat -- have the potential to wean wavering carnivores from animal-based proteins.

Encouraging such a trend would seem to pose a serious financial threat to Tyson Foods, the largest U.S. meat processor.

Except Tyson has a stake in Beyond Meat and could ...Read more

The Journey: Families and money can be a troublesome combination

Business / Business News /

When it comes to money and family, is there ever a "right" answer?

A widow with a toddler child recently confided that her late husband's family contacted her right before this month's tax-filing deadline.

In a confusing phone call, the relative told her the family wanted to include her son's Social Security survivor benefits in a tax return ...Read more

Trump's EPA argues that more people will die in car accidents unless California fuel rules are weakened

Business / Business News /

WASHINGTON -- The Trump administration is embracing a curious -- and some would say dated -- argument as it builds its case to weaken federal rules championed by California that require cars and SUVs to average 55 miles per gallon by 2025.

It is warning that the fuel-efficiency targets, seen by most as key to meeting climate and air quality ...Read more

Kim shifts focus to economy as North Korea ditches nuclear tests

Business / Business News /

SEOUL, South Korea –– Kim Jong Un's suspension of North Korean nuclear tests has strings attached.

The leader's statement at a ruling party meeting Friday includes a pledge to seek a "favorable" international environment for economic development so that he can put the economy "on an upward spiral track."

That builds on his 2012 vow to ...Read more

UAW wins representation election among Harvard graduate students

Business / Business News /

After a high-profile battle at one of the nation's most prestigious universities, Harvard student workers have elected to join the United Auto Workers with 56 percent in favor of organizing.

The National Labor Relations Board reported a vote of 1,931-1,523 in favor of joining the Harvard Graduate Students Union-United Auto Workers, ending a ...Read more

Artificial intelligence will wipe out half the banking jobs in a decade, experts say

Business / Business News /

Advances in artificial intelligence and automation could replace as many as half the nation's financial services workers over the next decade, industry experts say, but it's going to take a big investment to make that happen.

James D'Arezzo, CEO of Glendale, Calif.-based Condusiv Technologies, says that's where things are headed. And the ...Read more

Seattle-area tech companies chip away at bias against women

Business / Business News /

Bridget Frey was the only woman on Redfin's engineering team in Seattle when she joined the online real-estate company more than six years ago. She wasn't surprised, having worked in the male-dominated tech field for much of her career.

But Frey was determined it would be a short-lived imbalance.

One of the reasons the tech field is so heavily...Read more