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The California dream is tough to afford if you're under 40

Business / Business News /

Samantha Sprau rents a 450-square-foot studio north of downtown Oakland, Calif., with appliances and gold-speckled laminate that could be decades older than she is.

It costs $1,575 a month.

"It's a ton for one person to pay," said the 27-year-old battery engineer, relies on the grocery-skimping survival skills she learned as a broke ...Read more

Liz Reyer: How to make decisions when everybody wants to have a say

Business / Business News /

Q: A lot of people have an interest in the work my team does. For some it's a direct interest, and others are less directly affected but still want to be involved.

The problem is that they are busy people and don't have a lot of time or energy to give, but then get upset and derail our work if they are not involved in final decisions.

How can ...Read more

Your Office Coach: Nut allergy is a serious workplace concern

Business / Business News /

Q: My manager has recently started eating nuts at her desk, which is located right next to mine. Unfortunately, I have a serious nut allergy, so any contact with them could produce a life-threatening reaction. Even foods which contain tiny pieces of nuts can be hazardous.

I tried to discuss this with my boss, but she refused to believe me and ...Read more

Commerce secretary asks Trump to consider steel and aluminum tariffs

Business / Business News /

WASHINGTON -- The Commerce Department has urged President Donald Trump to consider hefty tariffs and quotas to limit the import of steel and aluminum, after concluding that the rising flow of those foreign-made products is a threat to America's national security.

The recommendations were contained in a report released by Commerce Secretary ...Read more

California's cannabis growers stay in the shadows

Business / Business News /

More than a month after California's regulation of marijuana began, only a small number of the tens of thousands of cannabis businesses have joined the system -- threatening the state's shift to a regulated market and the promise of a billion-dollar tax windfall.

Less than 1 percent of the state's 68,120 cannabis growers have been licensed, ...Read more

Lawsuit against Uber on driver pay gets class-action go-ahead from judge

Business / Business News /

A federal lawsuit alleging that Uber stiffed its drivers of fare money has received class certification, allowing it to include thousands of drivers nationwide who did not sign an arbitration agreement with the San Francisco company.

The breach of contract lawsuit, filed in May in U.S. District Court in San Francisco, alleges that when Uber ...Read more

David Glasser was the Weinstein Co.'s 'third brother.' Will his firing be enough to save the business?

Business / Business News /

They called him "the third brother."

For years, Weinstein Co. President David Glasser was the right-hand man to Harvey Weinstein, working as a peacemaker between the volatile movie magnate and Weinstein's brother and partner, Bob. Glasser oversaw the company's operations and was key to building its television business.

That abruptly ended ...Read more

Distraction, drinking among causes for high traffic death toll

Business / Business News /

CHICAGO -- The traffic death toll in Chicago is growing, and the national count remains at historic highs, despite new car safety technology.

That means it's past time to slow down, stay sober and stop trying to multitask while you drive, according to traffic safety experts.

"We're really treading water in terms of roadway safety, which is ...Read more

Airlines protest Trump budget proposal to raise passenger fees

Business / Business News /

A little over a year into the Trump administration, the U.S. airline industry has mixed feelings about the businessman-turned-president.

Three of the country's biggest airlines -- United, Delta and American -- and their labor unions praised Trump last month for making a deal to get Qatar Airlines to restrict its flights to the U.S. and provide ...Read more

Proxy adviser supports 4 Broadcom nominees to Qualcomm's board to spark a negotiated sale

Business / Business News /

SAN DIEGO -- A company that advises shareholders has recommended that Qualcomm investors support some but not all of Broadcom's board of director nominees as a catalyst for a negotiated deal between the two semiconductor giants.

After meeting with Broadcom and Qualcomm representatives last week, Institutional Shareholder Services called for ...Read more

The fear gauge: how it works

Business / Business News /

Stocks go up and down. They boom, then bust, then boom.

But what if they didn't? What if the market, instead of an up-and-down slog, was a steady, ever-upward saunter? For more than a year, that's how it looked.

From late 2016 through the end of last month, the market was cool, calm and collected, with the Standard and Poor's 500-stock index ...Read more

Prius fix blamed for gas mileage plunge

Business / Business News /

LOS ANGELES--When Robert Enger took his Toyota Prius into a dealership for a safety recall, he didn't expect that his fuel economy would drop.

Just six months after buying the new 2013 Prius, Enger learned that the company was recalling it to fix the car's hybrid electrical system, which was overheating and frying itself. A technician plugged ...Read more

Weinstein Co. board fires president David Glasser 'for cause'

Business / Business News /

Weinstein Co.'s president and chief operating officer, David Glasser, has been fired "for cause," the New York entertainment company's board of directors said.

Glasser came under fire this week after the New York state attorney general's office sued the studio, alleging civil rights violations. New York Attorney General Eric Schneiderman ...Read more

Cries of scam arise as once high-flying firms don't deliver on cryptocurrency

Business / Business News /

When the price of bitcoin and other digital currencies shot up late last year, insurance agent Ryan James wanted in on the action. He hit a trifecta.

Unfortunately for James, the trifecta was in three get-rich-quick companies that crashed in value, drew the attention of U.S. and Canadian regulators and highlighted the dangers of the go-go world...Read more

On Philanthropy: 2018 is ideal time to focus on strategic corporate philanthropy

Business / Business News /

Businesses must play a more strategic and integral role in efforts to solve the most pressing problems of our local, national and global communities. So believes Larry Fink, chairman and CEO of international asset management and investment giant Blackrock. His colleagues in the business community are taking note.

In his annual CEO letter, Fink ...Read more

Your paycheck will probably get bigger this month because of the new tax law

Business / Business News /

Most Americans are starting to see one of the early benefits of the new tax law: a bump in take-home pay.

Paychecks are increasing for about 90 percent of Americans due to the tax overhaul, according to the U.S. Treasury, a result of changes in withholding tables set by the IRS. The deadline for all employers to make the adjustments in ...Read more

Susan Tompor: Taxes: What you need to know to deduct medical expenses

Business / Business News /

Some retirees are grumbling that young families are getting a better deal under tax reform. But seniors could be overlooking some good news for deductions for medical expenses.

At one point, the heated debate on tax reform called for eliminating the deduction for medical expenses entirely.

But the major tax reform package that Congress passed ...Read more

Wisconsin farmers ready to grow hemp again, but some products challenged by drug enforcement officials

Business / Business News /

This spring, for the first time in about 60 years, Wisconsin farmers will be planting hemp -- a close and sometimes maligned cousin to marijuana.

The number of acres will probably be minuscule compared with corn and soybeans, yet there's interest in making Wisconsin the No. 1 hemp state in the nation, like it was in the 1950s.

Hemp was once ...Read more

Ex-Googlers strike startup gold -- again -- with $1.9 billion sale to drugs giant

Business / Business News /

A two-man entrepreneurial team who attended an elite college together where they founded a startup they sold to Google for a reported $81 million have just sold a second company they founded together for nearly $2 billion.

Swiss pharmaceutical giant Roche and the cancer-technology firm Flatiron founded by Nat Turner and Zach Weinberg confirmed ...Read more

Cries of scam arise as once high-flying firms fail to deliver on cryptocurrency

Business / Business News /

WASHINGTON -- When the price of bitcoin and other digital currencies shot up late last year, insurance agent Ryan James wanted in on the action. He hit a trifecta.

Unfortunately for James, the trifecta was in three get-rich-quick companies that crashed in value, drew the attention of U.S. and Canadian regulators and highlighted the dangers of ...Read more