Here's a $10,000 offer to leave the Bay Area

Business / Business News /

SAN JOSE, Calif. -- A trio of former Google employees who were drawn to the promise of Silicon Valley have founded a company that will pay Bay Area residents $10,000 to move away.

Launched Tuesday, San Jose-based MainStreet aims to entice people frustrated by astronomical housing costs and soul-sucking traffic to places such as Sacramento or ...Read more

UPS tracks beef shipment from farm to table with new technology

Business / Business News /

UPS demonstrated blockchain-verified tracking of a shipment of Black Angus beef from Kansas to the table of a Japanese steakhouse last week.

The shipping firm said consumers want to know more about the food they consume, but there is no known global standard for tracing and verification.

UPS is partnering with agricultural technology firm ...Read more

Elon Musk says next Tesla Gigafactory to be built in Berlin

Business / Business News /

Tesla Chief Executive Elon Musk said Tuesday that electric carmaker has chosen Berlin as the next location for what will be the company's fourth massive Gigafactory.

Speaking at an awards ceremony in Germany, Musk confirmed the location. The company currently has such facilities in Reno, Nevada, where Tesla builds batteries; Buffalo, N.Y., ...Read more

Juul to cut 650 jobs, slash $1 billion in spending as restructuring continues

Business / Business News /

SAN FRANCISCO -- E-cigarette giant Juul said Tuesday that it will cut 650 jobs, and slash its spending next year by $1 billion as the company is trying restructure itself amid a flurry of controversies surrounding its vaping products.

Juul said it will cut an additional 150 jobs on top of the 500 jobs it has already said it would eliminate by ...Read more

Hyatt is ditching mini shampoo bottles in all 219,308 hotel rooms, as hospitality industry moves to cut waste

Business / Business News /

CHICAGO -- Tiny shampoo bottles are getting ready to disappear from another hotel bathroom.

Hyatt Hotels Corp. on Tuesday became the latest hotel chain to ditch small bottles of shower gel, shampoo and conditioner in an effort to cut waste. The Chicago-based company plans to switch from the miniature bottles to larger containers at all of its ...Read more

Microsoft makes small strides in hiring women and minorities

Business / Business News /

SEATTLE -- Microsoft Corp. released a report that showed the company has hired more women and minorities, but highlighted persistent diversity challenges facing the world's largest software maker.

The number of female employees grew by 12% in fiscal 2019, including an 18% increase in technical roles and 15% in Microsoft's executive ranks. Still...Read more

Gunmaker rejected as Supreme Court lets Sandy Hook families sue

Business / Business News /

WASHINGTON -- The U.S. Supreme Court dealt a blow to the gun industry, refusing to block a lawsuit against Remington Arms Co. by family members of nine people killed in the 2012 Sandy Hook Elementary School massacre.

The lawsuit blames the gunmaker's marketing practices for inspiring the killer, Adam Lanza, who used a Remington-made Bushmaster ...Read more

Disney's massive streaming gamble has arrived. It may change the TV industry forever

Business / Business News /

Television may never be the same.

After two years of planning, the Walt Disney Co. on Tuesday finally launches Disney+, the much anticipated streaming service that marks one of the Burbank company's biggest gambles to date.

Disney has spent more than $3 billion on technology and content in an ambitious bid to take on Netflix at its own game. ...Read more

Liz Reyer: How to keep an audience awake during your next PowerPoint

Business / Business News /

Q: I often present to groups and have received feedback that my PowerPoint slides are dry (actually, the word "boring" was used). I agree but don't know what to do to get more creative.

--Philipp, 56, strategy team analyst

A: It is all about the story and designing slides that support the messages you need to communicate.

Let's imagine that ...Read more

Proposed foreign investment scrutiny adds to fintech deal risk

Business / Business News /

New foreign investment rules proposed by the U.S. Treasury Department are compounding regulatory risks for mergers and acquisitions in the global financial technology market, analysts say.

The proposed rules, which are expected to be finalized and in force by early 2020, expand the types of transactions that come under the jurisdiction of the ...Read more

Chrysler prodded dealers to absorb glut of 40,000 unordered cars

Business / Business News /

NEW YORK -- Fiat Chrysler Automobiles NV has been manufacturing more cars and trucks than its U.S. dealers are willing to accept, at one point creating a nationwide glut of about 40,000 unordered vehicles and stoking tension with some of its retailers.

Four dealers, two of whom spoke on the condition they not be named, said Fiat Chrysler has ...Read more

Rising heat and climate extremes mean questions, challenges for roads, power grid and other infrastructure

Business / Business News /

OLD MONROE, Mo. -- Less than an hour north of St. Louis, Missouri Highway 79 has dealt with a range of complications and closures from major flooding in recent years. But even when the nearby Mississippi River is calm, the roadway can't catch a break from the elements -- something illustrated this summer, when punishing heat caused its pavement ...Read more

Diabetics make insulin for first time with stem cell-derived therapy

Business / Business News /

Stem cell therapies are becoming increasingly versatile. Two presentations at this fall's Cell and Gene Meeting on the Mesa in Carlsbad illustrated how the field is maturing.

San Diego's ViaCyte is developing two versions of an experimental diabetes treatment, using insulin-producing cells grown from embryonic stem cells. The cells are ...Read more

Helping veterans launch startups: 'There's a level of resilience that a lot of people in the military have, which is great for running your own business'

Business / Business News /

CHICAGO -- Ask Navy veteran-turned-entrepreneur Todd Connor to describe the experience of leaving military service and his answer goes something like this: Imagine you are a successful lawyer in Seattle, and then your career ends on a Friday. By Monday you're living in San Antonio and can have any career you want, except being a lawyer. Figure ...Read more

California might not require solar panels on new homes, after all

Business / Business News /

California became the first state in the nation last year to require solar panels on newly built homes.

But it's starting to look like the mandate wasn't quite a mandate.

The California Energy Commission also gave home builders the option of supplying solar power from an off-site facility, mollifying critics who said rooftop solar would raise ...Read more

Asia's 'mini-Chinas' struggle to capitalize on the US trade war

Business / Business News /

BEIJING -- The U.S.-China trade war reignited the debate over which developing countries in Asia could take over the mantle of the world's workshop. The front-runners? India and Indonesia.

A report published Tuesday by Bloomberg Economics shows that no one nation is able to reproduce the kind of success China enjoyed in transforming its economy...Read more

More than 30 non-union workers will lose jobs at U.S. Steel Iron Range operations

Business / Business News /

Citing market headwinds, U.S. Steel will lay off up to 40 nonunion workers at its Minntac and Keetac taconite plants on Minnesota's Iron Range, officials said.

The news comes a week after disappointing third-quarter results and three weeks after Pittsburgh-based U.S. Steel idled one of its Minntac production lines in Mountain Iron in response ...Read more

Lawmakers: Southwest flying 49 jets that don't meet FAA standards

Business / Business News /

WASHINGTON -- Southwest Airlines is flying 49 aircraft despite concerns that they do not comply with mandatory federal safety standards, according to documents released by the Senate Commerce, Science and Transportation Committee.

At issue are 88 Southwest Airlines Boeing 737s previously operated by 16 different foreign air carriers between ...Read more

Trump expected to delay tariffs on imported European vehicles

Business / Business News /

WASHINGTON -- The Trump administration may punt on a decision on whether to slap tariffs on European automobiles as efforts of German automakers to highlight their new investments have helped in the talks, people familiar with the White House deliberations said.

In May, President Donald Trump gave himself a deadline of mid-November to decide ...Read more

Hearst writers are latest in media shift to unionize

Business / Business News /

The staff of Hearst Magazines, including those at Elle, Cosmopolitan and Men's Health, have voted to unionize, joining a growing rank of new media industry groups seeking better employment terms.

A majority of the 500 writers, video, design, photo and social staff across 24 digital and print brands said Monday they had signed union cards with ...Read more

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