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Illinois to reject federal grant funds to avoid new 'gag rule' on abortion referrals

Business / Business News /

Illinois is rejecting millions of dollars in federal funds so dozens of family planning clinics in the state don't have to follow new restrictions on abortion referrals.

The Trump administration announced Monday that it immediately would start enforcing new rules surrounding the Title X family planning program, including prohibiting clinics ...Read more

Pittsburgh Post-Gazette to cut print edition to 3 days

Business / Business News /

The Pittsburgh Post-Gazette, one of Pennsylvania's largest newspapers, will cut its print edition to three days as it grapples with declining advertising and digital threats, according to newsroom sources and widely published reports.

A Post-Gazette memo distributed to employees said the newspaper would be printed only for Wednesday, Friday and...Read more

2020 Chevrolet Corvette C8 Stingray's price and features draw gasps

Business / Business News /

TUSTIN, Calif. -- The crowd audibly gasped as General Motors president Mark Reuss said prices for the radically new 2020 Chevrolet Corvette Stingray will start under $60,000, astoundingly close to the outgoing model's $55,900 base price.

Reuss also said 'Vettes with even more performance than the 495-horsepower model GM revealed in a World War ...Read more

Mark Phelan: Chevy breaks the mold with faster, more sophisticated 2020 Corvette C8 Stingray

Business / Business News /

TUSTIN, Calif. -- The radical new 2020 Chevrolet Corvette Stingray looks like a spaceship or fighter jet, but its superpower is gravity, not flight.

In the biggest change in America's greatest sports car's 66-year history, engineers moved the eighth-generation 'Vette's engine from its familiar location under the hood to behind the passengers, ...Read more

California payrolls surged in June, but the labor force shrank

Business / Business News /

California hiring surged in June, powered by especially strong growth in residential and commercial building as mortgage rates continue to drop.

The state added 46,200 jobs, including 11,900 in construction, as employers in nine of the state's 11 major sectors grew their payrolls, the Employment Development Department reported Friday.

...Read more

Consumer Confidential: Why is Trump's consumer protection agency helping to promote H&R Block's credit card?

Business / Business News /

The process by which government regulators getting cozy with the businesses they're supposed to regulate is a time-worn and familiar problem. There's even a name for it -- "regulatory capture."

But no government agency in our new gilded age seems to be plunging into this dishonorable relationship as gleefully as the Consumer Financial ...Read more

More eye meds recalled on sterility concerns that hit Walmart, Walgreens, CVS brands

Business / Business News /

The sterility uncertainty at an Altaire Pharmaceuticals facility that spurred the recalls of numerous prescription and over-the-counter ophthalmic ointments swept up several more brands this week, including staple Clear Eyes.

Target joins Walmart, Walgreens and CVS as major chains with store brands recalled.

Though Altaire says in its FDA-...Read more

Delta to stock in-flight medical kits with Narcan

Business / Business News /

Delta Air Lines plans to stock its on-board emergency medical kits with Narcan, which can reverse the effects of opioid overdose, starting this fall.

Spokesman Michael Thomas said the Atlanta-based airline made the decision earlier this year.

Narcan is a brand name of the medication naloxone. The Association of Flight Attendants has called for...Read more

Elizabeth Warren's private equity plan seeks to strip industry of riches

Business / Business News /

WASHINGTON -- Elizabeth Warren wants to force private equity executives to eat their own cooking.

Predictably, they aren't thrilled.

The Democratic senator and candidate for president issued a proposal this week that would link the profits at private equity firms to the success -- or failure -- of the companies they buy and sell. She also ...Read more

The NASA logo is having a moment

Business / Business News /

It's the rare fashion emblem you can find everywhere.

Walmart and Target offer T-shirts, swimsuits, sippy cups and ugly Christmas sweaters covered with it. Coach put it on bags, shoes and sweatshirts priced at hundreds of dollars apiece. Singer Ariana Grande sold clothes emblazoned with it as a tie-in with her Coachella performance.

The NASA ...Read more

Under the Hood: Don't ignore signs of engine trouble

Business / Business News /

Q: My 2006 Buick Allure runs great except for one thing. When I accelerate, particularly going uphill, it will sputter off and on, like a hiccup or trying to clear its throat. No stalls or losing power. My husband says to ignore it, but I'd like a second opinion!

-- Betty W.

A: This symptom warrants further investigation! Whenever an engine ...Read more

The Week Ahead: Debt ceiling and spending decisions

Business / Business News /

There's nothing like a deadline and debt to focus Congress. Yet, the looming fiscal crisis has become much too routine to merit much concern for investors.

In the week ahead, Congress should have to come up with a budget and raise the debt ceiling or face the twin problems upon returning from their summer recess in September. While the Senate ...Read more

Los Angeles is finally ditching coal — and replacing it with another polluting fuel

Business / Business News /

DELTA, Utah -- The smokestack at Intermountain Power Plant looms mightily over rural Utah, belching steam and pollution across a landscape of alfalfa fields and desert shrub near the banks of the Sevier River.

Five hundred miles away, Los Angeles is trying to lead the world in fighting climate change. But when Angelenos flip a light switch or ...Read more

Boeing faces largest loss in its history after a $4.9 billion financial hit due to 737 Max grounding

Business / Business News /

Ahead of its official quarterly earnings release next week, Boeing on Thursday bit the bullet and announced a huge $4.9 billion after-tax accounting charge due to the financial impact of the 737 Max grounding.

This big cut to earnings will produce Boeing's first quarterly loss in ten years. Prior to the announcement, S&P Capital IQ had ...Read more

Qualcomm slapped with $271 million fine by European regulator for predatory pricing

Business / Business News /

SAN DIEGO -- After a 10-year investigation, Europe's anti-monopoly regulator fined Qualcomm $271 million on Thursday for predatory pricing on the sales of smartphone chips between 2009 and 2011 to hurt rival Icera.

Qualcomm said it would appeal the European Commission finding to the General Court of the European Union. The San Diego wireless ...Read more

ReachNow shutters car-rental and ride-hailing services in Seattle, Portland

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SEATTLE -- ReachNow will shut down its car-rental services in Seattle and Portland this week, the company announced Wednesday, citing a corporate "realignment."

The company offered short-term rentals of BMWs and Mini Coopers, and last year launched a ride-hailing service to compete with Lyft and Uber. The firm promised drivers hourly pay and ...Read more

As corporate HQs move jobs downtown, Chicago suburbs wonder what will take their place

Business / Business News /

CHICAGO -- Even after years of high-profile office moves from the suburbs to downtown Chicago, the current predicament of Lake County, Ill., stands out.

The far north suburban county is bracing for the loss of about 2,700 office jobs by early next year, from prominent companies Walgreens Boots Alliance, Takeda Pharmaceutical Co. and Mondelez ...Read more

After lull, Bay Area rents charge back up

Business / Business News /

A dearth of new apartments and a swell of new jobs have pushed Bay Area rents higher in recent months, keeping the region's title as the most expensive place in the country for renters.

Median rents rose 4.2% in San Jose, year-over-year, in the second quarter of 2019. In the Oakland and San Francisco metro area, monthly apartment payments grew ...Read more

Ebony photo archives auction resumes Monday after producing 'multiple bidders' but no clear winner

Business / Business News /

CHICAGO -- An auction to sell bankrupt Johnson Publishing's historic Ebony photo archives has been continued until Monday after producing "multiple bidders" but no clear winner.

The bidding Wednesday at a Chicago law office featured "robust action" throughout the day, according to a news release from Hilco Streambank, which is conducting the ...Read more

Retailers announced plans to close 5,400 stores last year. This year, they've already hit 7,100

Business / Business News /

CHICAGO -- The number of store closures announced in the first half of 2019 has already outstripped the number retailers announced in all of 2018.

More than two dozen chains, from Payless ShoeSource to Party City, have said they plan to shutter about 7,100 stores, up from about 5,400 throughout all of 2018, according to commercial real estate ...Read more

 

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