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Employees are pressuring Amazon to become a leader on climate. Here's how that could work

Business / Business News /

SEATTLE -- Amazon is preparing to do something it's never done before: disclose its companywide greenhouse gas emissions.

The commerce giant has an extensive list of renewable energy and sustainability programs underway, but in this fundamental area, it has been a laggard. Other top technology companies and retailers, including Walmart and ...Read more

Huawei will make do without Google, but how well?

Business / Business News /

BEIJING -- Life without Google is normal in China. About 1.4 billion Chinese people wake up each day to check WeChat instead of Gmail, navigate with Baidu instead of Google Maps, and watch videos on Youku instead of YouTube.

But will the rest of the world want to buy phones that use only these Chinese alternatives?

Under a Trump administration...Read more

Kirkland consultant questioned for six hours in criminal probe of Boeing 737 Max crashes

Business / Business News /

While Boeing's push to lift the grounding of the 737 Max is making headlines, federal prosecutors have been quietly gathering information to determine if criminal conduct contributed to two deadly crashes of the troubled jetliner.

The prosecutors have been tight-lipped about the investigation, which only became known when they began issuing ...Read more

ESPN President Jimmy Pitaro is fighting the cord-cutting wave

Business / Business News /

When the 2019 NFL draft took over downtown Nashville last month, ESPN became a city within the city, with more than 600 staffers and freelancers on site, and its top executive, Jimmy Pitaro, surveyed the scene like its mayor.

Pitaro shook hands and introduced himself to every ESPN employee in his path as he toured the red brick brewery on Honky...Read more

Michael Hiltzik: A billionaire shows his peers a better use of their wealth than buying crummy art

Business / Business News /

On this side, art dealer and former Goldman Sachs executive Robert Mnuchin, who just spent $91 million of a client's money on a stainless steel statuette of a rabbit.

On that side, billionaire private equity investor Robert F. Smith, who just announced to the graduating class of nearly 400 at the historically black Morehouse College that he ...Read more

Facial recognition bans: What's next in Oakland, at Amazon and more

Business / Business News /

Efforts to rein in government use of facial recognition have a big couple of weeks ahead, days after San Francisco approved a first-of-its-kind ban on use of the technology by police and other city agencies.

Across the bay, Oakland is expected to consider a similar ban for the city's agencies, possibly next week. Up north, Amazon investors will...Read more

Erin Arvedlund: US infrastructure plays may be rebuilt if Congress can pass new bill

Business / Business News /

Repairing America's infrastructure may be the one thing Congress can agree on.

So let's look at different ways investors can take advantage of possible government-sponsored funding for infrastructure, whether through paving roads, building bridges, imposing tolls, dredging rivers, creating logistics, and even operating computer server farms.

...Read more

Are Elon Musk's 'sci-fi projects' becoming a drag on Tesla?

Business / Business News /

Is Elon Musk spending too much time away from Tesla's assembly line?

That's the opinion of a Wall Street analyst whose new view on where Musk is putting his attention these days led many investors to start the week by dumping their Tesla shares as soon as they woke up Monday.

Tesla shares fell as much as 6.5%, to $196.75 -- the stock's lowest ...Read more

FCC chairman recommends approval of Sprint merger with T-Mobile, giving deal a boost

Business / Business News /

Federal Communications Commission Chairman Ajit Pai on Monday recommended approval of the proposed $26 billion merger of Sprint and T-Mobile, giving the deal better prospects of clearing regulatory hurdles.

In a statement, Pai said that pledges by both companies to deploy fifth generation, or 5G, broadband speeds across most of the United ...Read more

A nationwide tax on soda? Economists say it would be good for the country, and here's their 'optimal' rate

Business / Business News /

PHILADELPHIA -- A federal tax on soda could benefit the public good, according to an economic analysis released Monday.

"What we're trying to do is evaluate whether soda taxes are good or bad overall for society," said Dmitry Taubinsky, an assistant professor of economics at the University of California-Berkeley, and one of the authors of the ...Read more

Lower pay and higher costs: The downside of Lyft's car rental program

Business / Business News /

It was an advertisement for Lyft that convinced Chris Berry to leave his small town and head to Nashville.

He could make a comfortable living driving for the ride-hailing service, the Craigslist post read, and Lyft would even rent him a car that met the company's specs.

So Berry, an Iraq war veteran who had struggled to find steady work since ...Read more

CEO Hackett: Ford Motor to layoff 500 salaried workers this week, 800 total by June

Business / Business News /

DETROIT -- Ford workers opened their email Monday to find a letter from CEO Jim Hackett with an 8:30 a.m. time stamp and an explanation of how many salaried workers would be leaving the auto company this week and why.

The company will see 500 salaried workers in the U.S. leave involuntarily this week, and 800 total in the U.S. by June, Ford ...Read more

The Journey: After stock market's decade-long run, is it time to reassess investment strategy?

Business / Business News /

Retirement account balances cruised to record levels in the decade since the Great Recession's market bottom, which is great news if you're seventysomething and less so if you're younger.

People about to retire could be positioned for disaster if the long bull market ushers in big losses in those critical first few years of portfolio drawdowns....Read more

Price hikes from rising tariffs loom ahead of busy shopping seasons

Business / Business News /

Major retailers are sounding the alarm: The U.S.-China trade battle could be coming to a mall near you in the form of higher prices in time for the back-to-school and holiday shopping seasons.

President Trump is threatening to levy 25% tariffs on about $300 billion worth of Chinese imported goods that include clothing, shoes, household items, ...Read more

'John Wick 3' dethrones 'Avengers: Endgame' at weekend box office

Business / Business News /

LOS ANGELES -- It had to happen eventually, and Keanu Reeves was the man to do it.

Lionsgate's "John Wick: Chapter 3 -- Parabellum" stole the top spot at the weekend box office from the mighty Marvel blockbuster "Avengers: Endgame," which had dominated for three consecutive weeks.

"Parabellum" opened above expectations, with a franchise-best $...Read more

U.S. organic sales pass $50 billion mark for first time

Business / Business News /

U.S. organic sales continue to outpace the broader market, surpassing $50 billion for the first time last year, as pesticide-free, non-GMO products take a bigger slice of the total consumer dollars spent every year.

That rate is slowing from earlier this decade, a sign that the organic market is maturing and new types of health and wellness ...Read more

Philly, NJ inspire a national 'movement': Congressmen seek to ban cashless stores

Business / Business News /

Months after Philadelphia and New Jersey passed laws requiring retailers to take cash, lawmakers in Congress are seeking to ban cashless stores across the country.

U.S. Reps. Donald Payne, D-N.J., and David Cicilline, D-R.I., introduced competing bills last week that would force brick-and-mortar retailers to accept cash. Both bills would ...Read more

California gains 46,000 jobs in April as unemployment stays near a record low

Business / Business News /

California gained 46,000 jobs in April, while the unemployment rate held steady at 4.3% -- near a record low, according to data released Friday by the state's Employment Development Department.

Last month's gains marked an improvement over March, when payrolls in the state grew by an upwardly revised 28,500 jobs.

In April, nine of California's...Read more

Trump to lift steel tariffs on Canada and Mexico, boosting chances for trade accord

Business / Business News /

WASHINGTON -- President Donald Trump reportedly has agreed to lift tariffs on steel and aluminum from Canada and Mexico, relenting to congressional pressure to back off in order to boost the chances of winning approval for his newly negotiated North American trade pact.

For months, Trump had resisted advice from lawmakers and administration ...Read more

Trump's car import move is getting panned

Business / Business News /

WASHINGTON -- The White House announcement Friday that President Donald Trump has set a 180-day clock ticking on possible trade action against imports of cars and car parts from Japan and Europe brought strong pushback from the private sector.

The president's implied threat to use Section 232 authorities to impose tariffs or other trade ...Read more

 

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