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'Men in Black: International' continues the summer box office's sequel slump

Business / Business News /

LOS ANGELES -- Hollywood sequels have crashed and burned at the box office this summer, with just a handful of notable exceptions.

Sony's "Men in Black: International," a spinoff of the Will Smith and Tommy Lee Jones franchise, continued the trend, debuting in first place with a disappointing $28.5 million, according to estimates from ...Read more

Target checkout registers malfunctioning across US

Business / Business News /

MINNEAPOLIS -- Long lines formed at Target stores across the nation Saturday after the retail giant's cash registers quit working, and shoppers reacted with amazement and frustration.

On Twitter, Facebook and other sites, shoppers posted experiences about long waits at checkout lines on Saturday. In some places, employees blocked doors into the...Read more

Huawei has 56,492 patents and it's not afraid to use them

Business / Business News /

WASHINGTON -- As Huawei Technologies Co. comes under unrelenting pressure from the Trump administration, the Chinese telecom giant has one advantage that the U.S. can't undermine: a vast, global portfolio of patents on critical technology.

Huawei holds 56,492 active patents on telecommunications, networking and other high-tech inventions ...Read more

After decades of dreaming, a mid-engine Corvette is reality

Business / Business News /

On July 18, Chevrolet will launch the eighth generation of its iconic sports car -- what it calls the "first-ever mid-engine Corvette." Not true.

While the "C8" Corvette will be the first mid-engine version to reach showrooms, it is not the first to be designed, engineered or even green-lighted for production since the model's 1953 launch. So, ...Read more

Engineer's 'Smart Speaker Firewall' isolates Alexa devices in a snap

Business / Business News /

Chuck Carey is an experienced engineer and self-described technophile, but he's also wary of the proliferation of data-hoovering, Internet-connected devices such as the microphone-and-speaker combos used with digital assistants such as Amazon Alexa and Google Assistant.

"While I have three Echo Dots, I have always been suspicious of what gets ...Read more

U.S. asks WTO to temporarily pause its IP dispute with China

Business / Business News /

GENEVA -- The U.S. asked the World Trade Organization to suspend its dispute over China's intellectual property practices for six months, according to a notice published Friday on the WTO website.

The move will pause until Dec. 31 an investigation requested by the U.S. that says various Chinese regulations violate the WTO's intellectual ...Read more

Gary Burrell, co-founder of Garmin, dies at 81

Business / Business News /

Gary Burrell, co-founder of Garmin, died Wednesday at the age of 81, the Olathe-based company announced Thursday.

Burrell, together with engineer Min Kao, formed the company in 1989 to build products enabled by the then-emerging technology of Global Positioning System, or GPS. Burrell retired in 2002 and continued to serve as Garmin's co-...Read more

Spirit's new strategy: Be a less terrible airline

Business / Business News /

When low-cost carrier Spirit Airlines begins new service from Hollywood Burbank Airport to Las Vegas later this month, passengers may be surprised to find the carrier do something it hasn't been known for: Arrive on time.

And when the Florida-based carrier lands in Sin City, the chances that Spirit fliers will file a complaint about the service...Read more

Under the Hood: Erratic temperature gauge could indicate thermostat problem

Business / Business News /

Q: I've noticed an unusual behavior in my pickup when driving it first thing in the morning. The temperature gauge keeps climbing above the usual place (a little less than 200) to about 220, and then it returns to the normal place for the rest of the day. Should I be concerned? It didn't do this before.

-- Paul W.

A: This is unusual. I'd start...Read more

Consumer Confidential: CFPB celebrates record of consumer protection — except for the whole watchdog thing

Business / Business News /

Kathleen Kraninger marked her first six months as head of the Consumer Financial Protection Bureau this week, and the agency celebrated by releasing a scorecard of her accomplishments.

The listed achievements highlight Kraninger's stated goal of shifting the bureau to more of an educational role, rather than being at the forefront of holding ...Read more

So far, real estate dominates a tax break meant for businesses

Business / Business News /

Members of Congress who pushed for the "opportunity zone" provision in the 2017 federal tax law said it would help businesses and entrepreneurs in low-income communities. The tax break rewards investors for spending capital gains on businesses or real estate in more than 8,000 economically distressed neighborhoods selected by governors.

The ...Read more

Mark Phelan: These car features could prevent your next crash

Business / Business News /

Traffic accidents are down, and with them vehicle damage and presumably injuries, thanks to driver assistance systems that are increasingly common on new cars and trucks. That's the conclusion by a variety of experts.

Companies like Volvo and General Motors have gone public with goals of a world with zero automotive fatalities, but what nobody'...Read more

The Week Ahead: Between caution and credibility

Business / Business News /

The Federal Reserve is used to navigating tight spaces. Usually it's the space between economics and expectations. In the week ahead the Fed will chart a course between caution and its credibility.

Perhaps the only thing more exciting for the stock market than an end to the trade war is the beginning of a new round of Federal Reserve interest ...Read more

Hundreds of USDA jobs headed to KC after 'united effort' by Kansas and Missouri

Business / Business News /

WASHINGTON -- Hundreds of lucrative federal jobs are headed to the Kansas City area after the U.S. Department of Agriculture announced plans Thursday to relocate two research agencies to the region.

A two-state proposal from Kansas and Missouri beat out 135 other bids to become new headquarters for the Economic Research Service and National ...Read more

The Mortgage Professor: Falling interest rates encourage refinancing — but often for the wrong reason

Business / Business News /

The usual reasons to refinance are to reduce the monthly payment or to raise cash. A third reason -- which is underappreciated -- is to shorten the period of indebtedness.

The third motive is seldom acted upon. Indeed, borrowers who refinance into a new mortgage that has the same term as the original mortgage -- a new 30-year supplanting an old...Read more

Cargill puts up $30 million to end forest destruction in Brazil

Business / Business News /

Cargill Inc. is putting up $30 million to fund new ideas for ending deforestation in Brazil, where the conflict between economic growth and environmental protection attracted global attention.

The Minnesota-based agribusiness, a key player in Brazilian soy production, said Thursday that industry will fail to end deforestation by 2020, and that ...Read more

Mitsubishi revamps its regional jet as it aims for a US market breakthrough

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While the first variant of Mitsubishi's new regional jet is currently being flight tested at Moses Lake in Central Washington, the Japanese industrial giant announced Thursday a smaller, reconfigured and rebranded model designed to hit a sweet spot for U.S. airlines.

Goodbye to the Mitsubishi Regional Jet (MRJ) and hello to the SpaceJet, a name...Read more

Kudlow Warns of Consequences If China Spurns Trump Summit Invite

Business / Business News /

WASHINGTON -- President Donald Trump is still waiting for a response from Chinese President Xi Jinping about meeting to restart trade talks, economic adviser Larry Kudlow said while warning Beijing may face consequences it if refuses the invitation.

"President Trump has indicated his strong desire for a meeting, but the meeting is not yet ...Read more

Democratic senators ask if Kushner got special treatment on government-backed loan

Business / Business News /

NEW YORK -- Two Democratic senators are asking whether Kushner Cos. "may have received special treatment" on a U.S.-government-backed loan of about $800 million.

Jared Kushner, the former chief executive officer of Kushner Cos., maintained ownership of some assets associated with the real estate company while divesting others to close family ...Read more

Amazon closing in on Google, Facebook digital ad market duopoly, Philly's Harmelin agency says

Business / Business News /

PHILADELPHIA -- Advertisers and companies trying to expand their marketing, take heed: There's a new way to reach customers, starting with something called "advanced television."

That's when advertising on television is customized, much like online ads, using consumers' viewing habits, purchases and location data.

Advanced advertising on TV ...Read more