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'Connected' toys might invade children's privacy, Illinois consumer group warns

Business / Business News /

CHICAGO -- Parents have a new worry when it comes to holiday shopping for the young people on their list this year -- so-called connected toys that may invade children's privacy.

For the first time, the Illinois Public Interest Research Group Education Fund is alerting parents to be cautious about smart toys that collect data. The group ...Read more

Apple supplier used illegal teenage labor to assemble the iPhone X: report

Business / Business News /

If you own an iPhone X, there is a chance your prized smartphone was built from forced labor of Chinese high school students.

Apple and its largest Chinese supplier, Foxconn, acknowledged that students did work in the latter's factories to assemble the iPhone X to keep up with the demand. Despite Apple and Foxconn saying the students ...Read more

Robert Reed: Corporate tax cut plans put local home buyers, sellers, builders in a bind

Business / Business News /

If the federal tax plan, now wending its way through Congress, were already law, would you have been able to buy, sell or build your house?

Sure, posing that very idea smacks of vast overstatement.

But the way this new tax plan is shaping up, it's going to be much harder to make such housing-related deals. What's more, the home you own could ...Read more

Investors unfazed by suit to block AT&T-Time Warner deal as Justice Department faces tough battle

Business / Business News /

WASHINGTON -- Investors on Tuesday appeared to shrug off the Justice Department's suit to block AT&T Inc.'s purchase of Time Warner Inc.

AT&T stock was down slightly in early trading on Wall Street. Time Warner shares were up about 1 percent.

AT&T has proposed to acquire Time Warner for $85 billion in one of the largest-ever U.S. media mergers...Read more

Consumer Confidential: Trump likely to pick ex-lawmaker (and restaurant franchisee) to head consumer agency

Business / Business News /

President Donald Trump is widely expected to name Mick Mulvaney, who currently serves as head of the White House Office of Management and Budget, as interim director of the Consumer Financial Protection Bureau.

If so, Trump would be picking someone with no background whatsoever in consumer protection, unless running a franchised Mexican ...Read more

McDonald's plans to tear down museum next month

Business / Business News /

The McDonald's museum in Des Plaines, Ill., a replica of Ray Kroc's first restaurant, is slated to be torn down next month, the world's largest burger chain said Monday.

Kroc, considered by the company to be the founder of the modern chain, built his first restaurant in 1955 after franchising the brand from the original owners, Richard and ...Read more

FCC chairman proposes repeal of net neutrality regulations

Business / Business News /

WASHINGTON -- The chairman of the Federal Communications Commission on Tuesday proposed repealing tough net neutrality rules for online traffic, following through on a promise earlier this year to roll back the controversial Obama-era regulations.

Ajit Pai, a Republican appointed by President Donald Trump, opposed the rules when they were ...Read more

Millions of Dish customers lose CBS signals, face Thanksgiving without network's football

Business / Business News /

Nearly 3 million Dish Network subscribers in 18 cities, including Los Angeles, have lost access to their local CBS television station -- just two days before Thanksgiving, when many Americans want to watch NFL football.

The blackout comes amid a contentious fee dispute between satellite TV provider Dish Network and CBS Corp., which owns the ...Read more

On the House: For minorities, there's still inequality in the housing market

Business / Business News /

In a real estate market as hot as Philadelphia's right now, it's no secret that buyer frustration abounds. Few homes remain on the market, prices in some neighborhoods are higher than they were a decade ago, and many shoppers struggle to find enough cash for a down payment.

It's even worse if you're a minority.

According to figures released by...Read more

Helpware: Becoming a member of Quicken

Business / Business News /

Quicken has been my go-to program for managing my vast empire's finances since a decade before the last century ended. I used the early Windows versions, and the DOS versions before that. Through the years, it's become slicker, and has added such features as budgeting (seriously?) and managing bill payments, rental property and investments.

But...Read more

Aerospace companies planning a squad of space-repair robots

Business / Business News /

Hundreds of millions of dollars can go into the school-bus-size satellites that orbit Earth and provide services like broadband internet, broadcasting and military surveillance.

But if a part breaks or a satellite runs out of fuel, there's no way to send help.

Commercial industry and government agencies believe they're getting close to ab ...Read more

Your Office Coach: Beyond the workplace, a social problem

Business / Business News /

Q: Although you usually deal with workplace issues, I'm hoping you can help me with a social problem. I recently decided not to invite a longtime friend to a party because she is a nonstop talker. During our last get-together, she droned on and on while everyone else sat in silence.

Unfortunately, my attempt to encourage more participation did ...Read more

Should America's upper middle class take the biggest tax hit?

Business / Business News /

NEW YORK -- Humans learn the concept of fairness at a very young age. After all, it doesn't take long for a child to start whining about a sibling who gets an extra serving of ice cream. As the Republican-controlled Congress tries to push through tax reform this year, one group of Americans may similarly question why it's coming up a scoop short...Read more

US business leaders say Cuba is still open, at least to them

Business / Business News /

WASHINGTON -- When the Trump administration announced new Cuba regulations, it sparked a new round of hand-wringing in Washington over a return to a posture not seen since the Cold War. But now, the American business community is quietly spreading the word that things are not so different after all.

What President Donald Trump seems to have ...Read more

Liz Reyer: Ready for big career move? Analyze your interests, run the numbers

Business / Business News /

Q: I'm becoming increasingly disenchanted with the corporate world, and am thinking about striking out on my own. I could do consulting, or follow my heart down a different path. What do you recommend?

–– Suzanne, director, strategic planning

A: Following your heart is great, but be sure it's backed up by some realistic planning.

It's ...Read more

Justice Department sues to block AT&T's purchase of Time Warner

Business / Business News /

The U.S. Justice Department Monday sued to block AT&T's proposed $85 billion purchase of Time Warner Inc., saying the proposed combination is illegal and could stifle innovation in technology.

"This merger would greatly harm American consumers," Assistant Attorney General Makan Delrahim of the department's Antitrust Division said Monday in a ...Read more

Fox blocked investigation of Trump's Russian ties, fired employee says

Business / Business News /

LONDON –– A former Fox News employee said the network blocked her from going to Moscow to investigate President Donald Trump's links with Russia, one of several claims of news bias at 21st Century Fox Inc. made by former and current workers opposing its takeover of Sky Plc.

"You can't do in-depth reporting if you're not there," said Jessica...Read more

Yellen to step down from Fed board when her successor as chair is sworn in

Business / Business News /

WASHINGTON -- Federal Reserve Chairwoman Janet L. Yellen submitted her resignation Monday, effective when her successor is sworn in, providing President Donald Trump another seat to fill on the central bank's board.

Trump decided not to renominate Yellen, 71, to lead the Fed, opting this month to tap Fed Gov. Jerome H. Powell instead.

Yellen's...Read more

TransCanada wins approval to build Keystone XL in Nebraska

Business / Business News /

WASHINGTON -- TransCanada Corp. won Nebraska's permission to build its long-delayed Keystone XL crude oil pipeline across the state.

The Public Service Commission voted 3-2 Monday, removing one of the last hurdles to the Calgary-based company's construction of the $8 billion, 1,179-mile conduit, which has been on its drawing boards since 2008. ...Read more

Chipmaker Marvell to buy rival Cavium for $6 billion

Business / Business News /

SAN JOSE, Calif. –– Marvell Technology Group said Monday that it would acquire Cavium for $6 billion in a deal that will bring together two rivals in the market for high-end chips used in data centers, wireless communications and self-driving cars.

Marvell, based in Hamilton, Bermuda, has its U.S. headquarters in Santa Clara.

The ...Read more

 

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