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Minnesota Supreme Court rejects appeal regarding Enbridge's new $2.9 billion pipeline

Business / Business News /

MINNEAPOLIS -- The Minnesota Supreme Court has rejected an appeal by opponents regarding the environmental impact statement for Enbridge's proposed $2.9 billion pipeline -- setting the stage for state utility regulators to fix the flawed document.

While the high court's decision restarts an oft-stalled process, it could still take several ...Read more

The man who put MoviePass in spotlight just made a bid to take it private — and revive it

Business / Business News /

Ted Farnsworth is a survivor.

The sometime South Florida resident -- and, until Tuesday, head of MoviePass' parent company -- has stared down lawsuits, busted businesses, tech industry scrutiny, and Hollywood skepticism.

Farnsworth remains standing -- and is now ready for his next act.

On Tuesday, Farnsworth announced he would be stepping ...Read more

Investors in securities fraud scheme to get millions back

Business / Business News /

More than 3,600 investors who lost savings to an alleged securities fraud involving a South Florida cash-advance company stand to recover $100 million from a bankruptcy court liquidation, lawyers said Tuesday.

In a related development, federal authorities in civil and criminal actions announced they charged a Fort Lauderdale lawyer and former ...Read more

GM, White House deny report that Trump administration involved in strike talks

Business / Business News /

WASHINGTON -- General Motors and the UAW said Tuesday that the Trump administration is playing no role that they know of in negotiations to settle a strike that began at midnight Sunday despite a media report to the contrary.

The Trump administration also denied the report posted by Politico on Tuesday afternoon, with Deputy Press Secretary ...Read more

Sources: GM offers 2% raises to UAW; company ends strikers' health care

Business / Business News /

DETROIT -- General Motors stopped paying for health care coverage for striking workers Tuesday, the company confirmed.

That means striking GM union workers are eligible for union-paid COBRA to continue their health care benefits.

"We understand strikes are difficult and disruptive to families," GM said in a statement. "While on strike, some ...Read more

University of California to dump fossil fuels holdings in pension and endowment funds worth $83 billion

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SAN DIEGO -- Top financial officials with the University of California announced Tuesday morning in an opinion piece in the Los Angeles Times that the school system plans to undertake a major divestment from fossil fuels.

The stocks and bonds to be sold off are currently part of UC's $13.4 billion endowment and $70 billion pension fund.

The ...Read more

Trump plans to revoke rule that allows Calif. to set stricter auto pollution standards

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WASHINGTON -- President Donald Trump is expected on Wednesday to revoke a decades-old rule that empowers California to set tougher car pollution standards than those required by the federal government -- putting the state and the U.S. Environmental Protection Agency on a path to years of fighting in court.

The move, which has been in the works ...Read more

Work-ban rule for H-4 spouses of H-1B workers could come in spring, feds say

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The U.S. Department of Homeland Security says a rule banning spouses of H-1B workers on track for green cards from working could be published in the spring, at the earliest.

The latest hint of a publication date came Monday in a U.S. Department of Justice memo to a federal appeals court that is hearing a challenge to the work authorization for ...Read more

A TV network for esports comes to LA and New York

Business / Business News /

In the '90s, if you wanted to get a pulse on latest trends among young people, you would tune into MTV's "Total Request Live."

"TRL" counted down the most popular music videos, and legions of screaming fans would gather outside of MTV's studios to get a glimpse of their favorite celebrities.

Now VENN, a new startup led by an Emmy-winning ...Read more

Ginnie Mae punished his firm. Now, Trump may put him in charge

Business / Business News /

WASHINGTON -- A mortgage industry executive with ties to a firm penalized in a U.S. predatory lending crackdown is being considered by the Trump administration to run Ginnie Mae, a government corporation that backs $2 trillion in home-loan securities, according to people familiar with the matter.

Joseph Murin, who previously headed Ginnie Mae ...Read more

General Mills recalls 600,000 pounds of Gold Medal flour over E. coli concerns

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General Mills is recalling about 600,000 pounds of Gold Medal flour over concerns of an E. coli contamination.

The Minnesota-based food maker issued the voluntary recall Monday after a sampling at its Kansas City facility tested positive for E. coli 026, a potentially deadly strain of the bacteria. No consumers have yet reported illness from ...Read more

Ginnie Mae punished his firm. Now, Trump may put him in charge

Business / Business News /

WASHINGTON -- A mortgage industry executive with ties to a firm penalized in a U.S. predatory lending crackdown is being considered by the Trump administration to run Ginnie Mae, a government corporation that backs $2 trillion in home-loan securities, according to people familiar with the matter.

Joseph Murin, who previously headed Ginnie Mae ...Read more

NBCUniversal will launch its new streamer Peacock in April

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LOS ANGELES -- NBCUniversal's upcoming streaming service will be named Peacock, in a nod to the broadcast network's feathered mascot.

The bird will be stuffed with such NBC favorites as "The Office," "Parks and Recreation," "Cheers" and reboots of science fiction classic "Battlestar Galactica" and orphan sitcom "Punky Brewster." The Comcast-...Read more

Susan Tompor: UAW workers picketing GM must wait for $250 a week in strike pay

Business / Business News /

DETROIT -- What does $250 a week in strike pay really add up to these days?

Not a lot at all. UAW strike pay is below the national poverty line, below the Michigan minimum wage and even below what the average retiree gets in Social Security. Even many part-time workers see bigger paychecks than that.

What's more important: The strike pay for ...Read more

More than 80,000 Kaiser Permanente workers to strike in October

Business / Business News /

Unions representing more than 80,000 Kaiser Permanente workers said their members will participate in a weeklong strike starting Oct. 14 to protest the company's labor practices.

The healthcare giant's workers will strike in California and five other states as well as the District of Columbia, the unions said. The strike will affect employees ...Read more

Consumer Confidential: Your kid's glasses are broken? No problem, here's another pair

Business / Business News /

For decades, it's been a given that you'll be ripped off when you buy glasses. Sure, you may be getting top-quality frames and lenses, but the markups could be as high as 1,000%.

Lately, however, a number of start-ups have arrived with new technology and business models aimed at providing consumers with high-quality specs at more affordable ...Read more

Halo Top ice cream company is sold to Blue Bunny's owner

Business / Business News /

LOS ANGELES -- Two years after it became America's bestselling grocery store pint, Halo Top ice cream brand is being sold to one of the nation's biggest frozen treat companies, Wells Enterprises Inc.

Wells Enterprises, based in Le Mars, Iowa, has signed a purchase agreement with Eden Creamery, the parent of the Los Angeles-based Halo Top brand....Read more

Liz Reyer: How to handle a co-worker who always makes you wait

Business / Business News /

Q: I have a colleague who wastes my time when we work together. For example, she will set up a meeting at her desk and will not be there so I have to wait, will be unprepared, or have food that she eats instead of getting down to business. I don't have time for these games. There is a shortage of meeting rooms, so I can't counter her desk ...Read more

SeaWorld loses yet another CEO as Gustavo Antorcha resigns after 7 months

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SAN DIEGO -- After just seven months at the helm of SeaWorld Entertainment, Gustavo "Gus" Antorcha has resigned as chief executive and board member of the publicly traded theme park operator effective immediately.

In a filing Monday with the U.S. Securities and Exchange Commission, the Orlando, Fla.-based owner of SeaWorld San Diego and the ...Read more

Michael Hiltzik: Jeff Bezos becomes the first CEO to break his pledge to dump the 'shareholder value' model

Business / Business News /

The most important question left by the recent pledge by nearly 200 major corporations to place their workers, customers, suppliers and communities ahead of their shareholders was: How will we know that the companies are adhering to the pledge?

Jeff Bezos, a signatory to the statement issued Aug. 19 by the Business Roundtable, and chief ...Read more