Business

/

ArcaMax

H-1B spouses' work ban rule coming within three months, feds say

Business / Business News /

Federal authorities planning to ban the spouses of H-1B visa holders from working in the U.S. will submit the new rule within three months, the Department of Justice said in a court filing.

The Department of Homeland Security has made "solid and swift progress" developing the rule targeting people working on the H-4 visa, which is awarded to ...Read more

Pandora plays a new song as it's sold to Sirius for $3.5 billion

Business / Business News /

Pandora, the Oakland, Calif.-based Internet adio pioneer, is about to start streaming a new tune.

On Monday, Pandora said it agreed to be acquired by satellite radio giant Sirius XM for $3.5 billion in an all-stock deal that is expected to close in the first quarter of 2019. However, Pandora and Sirius aren't strangers, as Sirius already owned ...Read more

Microsoft to invest $40 million in AI technology for humanitarian issues

Business / Business News /

Microsoft will invest $40 million to apply artificial intelligence to humanitarian issues, the company said Monday, the third program in a previously announced series of AI initiatives.

The project, AI for Humanitarian Action, follows a $50 million pledge in AI for Earth and a $25 million investment in AI for Accessibility.

The humanitarian ...Read more

Ignite conference: Smart search, LinkedIn profile info coming to Microsoft Office apps

Business / Business News /

Microsoft announced new features coming to its Office 365 suite, including an AI-powered Clippy-like tool, at its annual Ignite information technology conference Monday in Orlando, Fla.

The laundry list of new tools underscores Microsoft's drive to make its Office apps relevant to every piece of daily work as all types of workers spend more ...Read more

Comcast stock pounded after $40-billion bid for Sky; Disney shares rise

Business / Business News /

Comcast Corp. won its hard-fought prize in a rare London auction over the weekend -- submitting the winning bid of $40 billion for the European pay-TV company Sky -- but the hangover hit Monday.

The Philadelphia cable television giant suffered its worst morning on Wall Street in nearly a decade -- its shares tumbled nearly 7 percent to about $...Read more

No sign of an end to the US-China trade war as new tariffs take effect

Business / Business News /

BEIJING -- As hefty new tariffs came into effect Monday in the escalating trade war, China accused America of "trade bullyism," intimidating other countries and adopting protectionist policies that would harm the global economy.

The largest tariffs yet -- U.S. tariffs on $200 billion worth of Chinese goods and reciprocal Chinese tariffs on $60 ...Read more

George Cheeks and Paul Telegdy are named co-chairmen of NBC Entertainment; Bob Greenblatt immediately departs

Business / Business News /

Two veteran NBC executives -- George Cheeks and Paul Telegdy -- were named co-chairmen of NBC Entertainment on Monday, replacing Bob Greenblatt at a time of upheaval in network television.

Greenblatt, who has been NBC's top programmer for nearly eight years, approached his boss, NBCUniversal Chief Executive Steve Burke, about two weeks ago and ...Read more

Sears CEO's hedge fund pushes retailer to restructure debt, sell off assets as part of turnaround effort

Business / Business News /

The hedge fund run by Sears CEO Edward Lampert issued its strongest warning to date that the retailer must "immediately" take steps to right itself, calling on the company to restructure debt and sell off assets.

Lampert's ESL Investments wants Hoffman Estates-based Sears Holdings Corp. to restructure more than $1 billion in debt and sell about...Read more

The Journey: Minister enjoys retirement on modest pension, Uber gig

Business / Business News /

As he prepared to celebrate his 80th birthday recently, Michael Halleen reflected on several career reinventions, including one he's making now.

Most days, the longtime minister wakes early and hits the streets of Minneapolis before 5 a.m. as an Uber driver, mostly for airport runs. He drives the early morning rush and then heads home to his ...Read more

Move over, GMOs: More precise form of genetic engineering could make tomatoes sweeter, corn bigger

Business / Business News /

A new gene-editing technology known as CRISPR could soon be used to alter the crops producing the food we eat -- making tomatoes sweeter, for example, or vegetables more resistant to disease.

It remains to be seen how consumers will feel about the technology given the backlash over genetically modified organisms, or GMOs, which are produced ...Read more

T-Mobile rebrands prepaid line to emphasize network coverage

Business / Business News /

MetroPCS, T-Mobile's prepaid phone brand, is remaking its image in an attempt to appeal to more people.

The cellular service, which is changing its name to Metro by T-Mobile, runs on the same network as T-Mobile, said Tom Keys, president of the brand. It has for quite awhile, he noted, but said the company hasn't historically done a good job of...Read more

Susan Tompor: Credit freeze: A misunderstood freebie that you actually want

Business / Business News /

Just one year ago, consumers woke up and discovered that hackers had one heck of a field day with their Social Security numbers and other information in a massive data breach at Equifax.

Equifax's screwup would forever leave millions just that much more vulnerable to ID theft. Face it, it's not like you can change the locks on the side door. ...Read more

Disneyland Resort hotel workers approve a new contract with a $15-an-hour minimum wage

Business / Business News /

LOS ANGELES -- After months of demonstrations and protests, hotel workers at the Disneyland Resort in Anaheim overwhelmingly approved a contract that boosts hourly salaries by at least 40 percent over two years and clears the way for staff to get bonuses that were promised last year.

The five-year contract establishes wages and benefits for ...Read more

'House With a Clock in Its Walls' leads box office as 'Fahrenheit 11/9' fails to leave an impression

Business / Business News /

LOS ANGELES -- Of the four new wide releases this past weekend, only Universal's "The House With a Clock in Its Walls" managed to place among the top five at the box office.

Amblin Entertainment's PG-rated fantasy opened in first place in the United States and Canada with $26.8 million, above analysts' predictions of $18 million to $25 million,...Read more

China uses Iowa newspaper supplement to bring trade war to the heartland

Business / Business News /

China reached into the U.S. heartland in its escalating trade war over President Donald Trump's tariffs, using an advertising supplement in Iowa's largest newspaper to highlight the impact on the state's soybean farmers as "the fruit of a president's folly.''

The four-page section in Sunday's Des Moines Register, which carried the label "paid ...Read more

Comcast outbids Walt Disney Co. with $39 billion offer for Europe's Sky TV

Business / Business News /

Comcast Corp. triumphed over the Walt Disney Co. in a hard-fought battle for Sky television by offering $39 billion for the satellite-TV service that has 23 million customers in five European countries.

Philadelphia-based Comcast won an auction conducted Saturday by British regulators. Britain's Takeover Panel announced the results in London ...Read more

China calls off trade talks, probably until after US midterm elections

Business / Business News /

BEIJING –– China has scrapped planned trade talks with the U.S. and is unlikely to resume them until after November's midterm elections, according to people familiar with the matter.

The decision to call off a planned meeting next week came as President Donald Trump signaled that he's prepared for short-term pain for the U.S. economy by ...Read more

Carson's joins retailers seeking life after liquidation with online revival and bricks-and-mortar aspirations

Business / Business News /

During the final days of going-out-of-business sales at Carson's last month, still-loyal shoppers mourned the demise of a 160-year-old department store chain. Their loss may turn out to be short-lived.

Less than a month after stores rang up their final sales, the websites of Carson's and the other chains formerly owned by Bon-Ton Stores were ...Read more

How this 31-year-old makes millions selling soap online

Business / Business News /

SAN DIEGO -- When Amazon arrived like Godzilla to the retail world, stomping out brick-and-mortar shops with speedy e-commerce delivery, small businesses suffered the brunt of the damage. But there's a new wave of savvy entrepreneurs who still compete with the giants of retail -- even in saturated markets.

Jack Haldrup, a 31-year-old San Diegan...Read more

Trump to lift summertime limits on high-ethanol gasoline

Business / Business News /

WASHINGTON -- The Trump administration is set to announce a policy change allowing year-round sales of gasoline with higher ethanol blends, a move that could bolster Midwest Republicans in tough election contests and appease corn farmers battered by agricultural tariffs, according to people briefed on the planned announcement.

President Donald ...Read more