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Column: Kaiser Permanente CEO Bernard Tyson's death comes at a time of transition

Business / Business News /

Bernard J. Tyson, chairman and CEO of the giant nonprofit Kaiser Permanente health system, died suddenly Sunday morning, Kaiser announced.

"Bernard was an exceptional colleague, a passionate leader, and an honorable man. We will greatly miss him," said Edward Pei, chairman of the executive committee of the Kaiser board. The board named ...Read more

Amazon to open new grocery store in Los Angeles next year

Business / Business News /

Amazon.com Inc. says it will open a grocery store in Los Angeles' Woodland Hills neighborhood next year, indicating the e-commerce giant's growing interest in the grocery business.

Amazon said the new store would be distinct from organic and high-end chain Whole Foods Market, which Amazon acquired in 2017 for $13.7 billion, but declined to ...Read more

Carla Fried: High-deductible health plans: How to think about your true costs

Business / Business News /

If you have health insurance through an employer, chances are the premiums are a big -- and growing -- line item in your household budget. The independent, non-profit Kaiser Family Foundation reports that the average household with family coverage pays more than $500 in monthly premiums. Over the past 10 years, the workers' share of family ...Read more

Carla Fried: Your financial adviser's job No. 1: Protect you from yourself

Business / Business News /

There are plenty of good reasons to seek out the help of a financial adviser. Your personal-finance plate is likely quite full: Save for retirement. Save for emergencies. Save your sanity when staring at college cost estimates.

A good pro will of course be able to help you sort through your financial life and develop a plan for how best to ...Read more

Viacom reorganizes creative team in advance of CBS merger

Business / Business News /

Viacom Inc. Chief Executive Bob Bakish is streamlining his team by identifying key executives who will oversee the various TV networks after Viacom's upcoming merger with CBS Corp.

The Viacom-CBS marriage is expected to be complete by mid-December. Three veteran programming executives -- Showtime's David Nevins, Nickelodeon's Brian Robbins and ...Read more

Susan Tompor: Scams heat up during Medicare open enrollment

Business / Business News /

Medicare open enrollment is ongoing and ends Dec. 7. And you better believe the scammers know it.

Maybe it's someone making a call, claiming to be from your insurance company and demanding information on the spot. Some scammers say you'll need to buy a gift card or wire money soon so that you won't lose your health care benefits. Others are ...Read more

JPMorgan's Dimon laments income inequality, won't assail CEO pay

Business / Business News /

WASHINGTON -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called U.S. income inequality a "huge problem," but he stopped short of saying America's top executives were being paid too much.

In an interview that aired Sunday on CBS's "60 Minutes," Dimon said he is optimistic about the economy and admitted that his high-profile job ...Read more

Apple co-founder says Goldman's Apple Card algo discriminates

Business / Business News /

NEW YORK -- Apple Inc. and Goldman Sachs Group Inc., two of the most recognizable companies in tech and finance, are caught up in a growing debate over whether lenders unintentionally discriminate when they use complex models to determine how Americans borrow money.

On Saturday, Bloomberg reported that a Wall Street regulator had opened a probe...Read more

Instagram will remove 'likes' from posts for some US users

Business / Business News /

SAN FRANCISCO -- Facebook Inc.'s Instagram plans to remove the number of "likes" visible on posts for some users in the U.S. to decrease competitive pressure among people on the photo-sharing service.

Instagram has been hiding like counts in some markets since April, beginning in Canada, and later expanding to Japan and Brazil. The U.S. is one ...Read more

Bruising labor battles put Kaiser Permanente's reputation on the line

Business / Business News /

Kaiser Permanente, which just narrowly averted one massive strike, is facing another one Monday.

The ongoing labor battles have undermined the health giant's once-golden reputation as a model of cost-effective care that caters to satisfied patients -- which it calls "members" -- and is exposing it to new scrutiny from politicians and health ...Read more

Uber says it may have to pay Waymo for self-driving car technology

Business / Business News /

It appears that Uber is going to be dealing with the after-effects of its self-driving car technology trade secrets suit with Waymo for some time to come.

In a filing with the U.S. Securities and Exchange Commission, Uber said that it "will likely" have to either enter a licensing deal with Google's Waymo, or make some high-priced changes to ...Read more

Walgreens has more stores worldwide. CVS fills more prescriptions. Both are trying to compete as the pharmacy business changes.

Business / Business News /

Walgreens said this week it is considering a deal to take the Deerfield-based company private. A day later, CVS reported revenue of $65 billion, up more than 36% from the same period a year prior. The fight is fierce as both drugstores try to gain a leg up in the industry by offering more health services and specialty products like cosmetics to ...Read more

Kim Kardashian enters China's influencer world. She says she'd love to eat hot pot and play mah-jongg

Business / Business News /

BEIJING -- Twelve million people watched as Kim Kardashian West opened a mah-jongg set on screen, displaying the domino-like tiles of the popular Chinese game.

"My friends play all the time," Kardashian said. "I'm the only one who doesn't know how to play. ... Now I have to learn."

The Los Angeles-based reality TV celebrity was speaking on a ...Read more

New questions raised on safety of both Boeing 737 Max and 787 Dreamliner

Business / Business News /

Lawmakers are pursuing new safety issues with two Boeing jets -- the 737 Max and the 787 Dreamliner -- and questioning how in each case managers at the Federal Aviation Administration (FAA) backed Boeing's contention that there was no cause for concern despite objections from the safety agency's own technical experts.

The revelations, contained...Read more

Wrench, Seattle mobile car-repair company, raises $20M to fuel expansion

Business / Business News /

SEATTLE -- In just three years, Seattle-based Wrench has expanded into all 50 states, swallowed two similar startups and raised more than $30 million.

The company's app allows vehicle owners to book house calls for such problems as battery and radiator replacements, oil changes and brake jobs. Wrench announced this week it has raised $20 ...Read more

A piano player, free gift wrap and coat check. In Chicago's suburbs, Von Maur is out to prove traditional department stores aren't dead.

Business / Business News /

ORLAND PARK, Ill. -- The first thing Griselda Mata noticed about Orland Square Mall's newest store was that it felt like a bit of a throwback.

"It's like Nordstrom or Marshall Field's, or Carson's back in the day," said Mata, 49, of Burbank, Ill., strolling through the shoe department to the sound of live music from a pianist near the escalator...Read more

Why solar is seeing a boost during California's wildfires

Business / Business News /

Widespread power shutoffs across the Golden State during peak wildfire season have spurred demand for what's called "solar-plus-storage" as a way for customers to keep their lights on.

"Calling it an 'uptick' would be an understatement," said Barry Cinnamon, CEO of Cinnamon Energy Systems, a Silicon Valley-based solar company. Cinnamon said the...Read more

Under the Hood: Indicator-based maintenance recommendation systems are not ideal

Business / Business News /

Q: Honda doesn't offer maintenance schedules in their manuals. You're supposed to use the letter codes as they pop up. Unfortunately, the minder keeps getting reset at 5,000 miles for oil changes, and I don't have a chance to see it. It's a 2010 Fit with 96,000 miles. Have I passed the time for tune-up?

--Paul

A: I agree, an indicator-based ...Read more

The Week Ahead: The hearing you may not hear about

Business / Business News /

The U.S. House Intelligence Committee begins holding public hearings as part of the House impeachment inquiry in the week ahead. Four long blocks away from the epicenter of impeachment politics, the most powerful man in global finance will also be talking.

On Wednesday, Federal Reserve Jerome Powell is scheduled to testify before the Joint ...Read more

As Chicago considers minimum wage proposal, a new study finds that black female tipped workers are struggling to make ends meet

Business / Business News /

CHICAGO --As Chicago considers a proposal to raise the minimum wage to $15 an hour by 2021, a new study shows that black female workers in tipped positions in the city struggle to make ends meet.

One Fair Wage, a New York-based nonprofit that advocates for ending the subminimum wage, the lower wage that tipped workers collect, released a report...Read more