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How much does it cost to run a startup in different tech hubs?

Business / Business News /

Tech startups in San Diego are spending quite a bit less than their peers in other innovation hubs around the country -- not only in expensive cities like San Francisco, but also in affordable cities like Austin, Texas.

That's according to a new report by fast-growing financial firm Brex, which provides corporate credit cards to startups. The ...Read more

US planning actions targeting Chinese hackers, spies, sources say

Business / Business News /

WASHINGTON -- The Trump administration is planning to take several actions aimed at calling out China for efforts to steal intellectual secrets from American high-tech companies, according to two people familiar with the matter.

The Justice Department is set to indict a number of alleged hackers it believes work for Chinese intelligence, ...Read more

As Google chief takes hot seat, lawmakers search their phones and cry 'bias'

Business / Business News /

WASHINGTON -- When members of Congress search their phones, they don't much like what they see.

That was clear when Google chief executive Sundar Pichai took the hot seat Tuesday before the House Judiciary Committee to defend his tech giant's search engine. Several legislators conducted searches on their cellphones and griped to him on the spot...Read more

New CFPB Director Kathy Kraninger says she won't be a clone of Mick Mulvaney

Business / Business News /

WASHINGTON -- On her first full day leading the Consumer Financial Protection Bureau, Kathy Kraninger said she won't be a clone of Mick Mulvaney, the controversial acting director who she replaced in the powerful regulatory position.

To underscore that point, the former White House aide said she would even reconsider a Mulvaney action that ...Read more

Google CEO says yes to privacy laws, no to political bias and maybe to China

Business / Business News /

Google Chief Executive Sundar Pichai, in his long-awaited appearance on Capitol Hill, told lawmakers Tuesday that his company's search engine had no bias against conservatives. He also said the tech giant had no current plans to introduce a censored search engine in China, but he wouldn't rule out launching a controversial search engine for that...Read more

From politics to policies: A guide to Latin America markets in 2019

Business / Business News /

Latin America's two largest markets will start 2019 in the hands of new populist presidents who pledge to overturn decades of consensus policies in an effort to revitalize growth and boost investor confidence.

In Mexico, traders are watching to see whether President Andres Manuel Lopez Obrador turns campaign rhetoric into political reality ...Read more

Dell shareholders vote to take tech giant public again

Business / Business News /

Dell Technologies shareholders on Tuesday voted to take the Round Rock, Texas-based tech giant public after five years as a private company.

Based on a preliminary vote tally, shareholders approved the reverse merger -- valued at more than $23.7 billion -- which industry analysts expected would pass. The vote means that Dell will once again be ...Read more

Wall Street urgently pushes its DC wish list as time runs out

Business / Business News /

WASHINGTON -- For Wall Street lobbyists, December is the time for holiday cocktail parties and last-ditch efforts to win favors from lawmakers.

With less than two weeks for Congress to cut a deal to fund federal agencies, financial firms and their allies on Capitol Hill have begun the annual ritual of trying to attach goodies to must-pass ...Read more

Ex-Target pharmacist wins $570K after alleging retailer broke Medicaid refill rules

Business / Business News /

Target has agreed to pay nearly $3 million to resolve allegations that it violated the federal and Massachusetts state law by submitting claims in violation of rules against Medicaid prescriptions from being automatically refilled.

The settlement also means hundreds of thousands of dollars for a former Target pharmacist in the Twin Cities who ...Read more

Twitch explores content outside of gaming, including a scripted show — with an interactive twist

Business / Business News /

Inside the library of a Hollywood Hills home, actress Tiffany Chu gazed expectantly at the camera, waiting for guidance from the audience. Should she greet the neighbor with a handshake, a hug, or a kiss?

"I will do what they say," Chu said in a monotone voice as the character of Sophie, a robot who yearns to become human. "I've come to trust ...Read more

Your Office Coach: Choosing between the right work and the right workplace

Business / Business News /

Q: After a lengthy series of interviews with a company in my community, I was recently given a job offer. The problem is that I have conflicting feelings about whether to accept.

The job itself is quite appealing and in line with my career goals. However, the interview process was extremely disorganized, and I found it difficult to communicate ...Read more

Liz Reyer: Sudden sales drop should be small retailer's wake-up call

Business / Business News /

Q: I've been running my small business for about 15 years, and all was well until the last year or so. Sales have been dropping, longtime customers have disappeared, and I don't know how to get back on a path to growth. What should I do?

-- Marie, 44, retail owner

A: It sounds like it's time for a business update.

If you're still selling the ...Read more

Here's what your online shopping habit means for the people delivering your packages

Business / Business News /

The most wonderful time of the year is also the most hectic time of the year for shipping services like FedEx and UPS.

Both UPS and FedEx say they expect to handle a record number of packages this holiday season. UPS is forecasting nearly 800 million items, up from 762 million last year, while FedEx declined to provide an estimate. Both also ...Read more

Consumer Confidential: This top FTC official is so conflicted, he has to leave the room if Facebook gets mentioned

Business / Business News /

It's almost pointless to say that conflicts of interest abound as the country's first billionaire president continues populating his administration with captains of industry. Just last week, President Trump nominated the former general counsel of Verizon Communications to serve as attorney general.

Yet every so often we're reminded that no ...Read more

'We're being mistreated': Instacart shoppers complain of pay cuts as company shifts to new model

Business / Business News /

After pulling 12-hour shifts as a restaurant hostess, Alid Alvarado was eager for a job that would allow her to spend more time with her three young kids. She found it as a shopper with Instacart, the on-demand grocery delivery service, which allowed her to set her own schedule and earn some $300 a week for 20 hours of work.

But two weeks after...Read more

Hotel workers ready to strike as early as Wednesday in Southern California

Business / Business News /

About two dozen Southern California hotels could be hit with a strike as early as Wednesday, as 7,500 local workers try to exercise their union's growing muscle, built through a series of successful strikes against hotels this year around the nation.

Members of Unite Here Local 11 in Los Angeles and Orange counties voted 96 percent in favor of ...Read more

Huawei executive's bail hearing to resume Tuesday

Business / Business News /

MONTREAL -- A jailed executive of Chinese telecom giant Huawei will need to wait at least one more day to find out whether she will be released on bail, after her hearing in a Canada court continued through Monday.

Meng Wanzhou, Huawei's chief financial officer and the daughter of founder Ren Zhengfei, was arrested in Vancouver earlier this ...Read more

News of the first gene-edited babies shows that science can't police itself

Business / Business News /

Just over a year ago, CRISPR pioneer Jennifer Doudna of UC Berkeley talked with me about the prospects that the gene-editing technology she had helped develop might be used in violation of ethical boundaries.

"I've mentally prepared myself for the day when I open my inbox or answer my phone," she said, "and realize that somebody's going to be ...Read more

Connecticut judge says Tesla illegally sold cars from Greenwich gallery

Business / Business News /

A Superior Court judge has ruled that Tesla was engaging in illegal sales out of its Greenwich, Conn., gallery in another local setback for the California electric car maker.

In the judgment last week, Judge Joseph M. Shortall wrote: "If Tesla was not engaged in the business of selling motor vehicles at the gallery, it's difficult to see what ...Read more

Equifax failed to match security to its growth, report says

Business / Business News /

Equifax Inc. failed to modernize its technology security to match the company's aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House Oversight Committee report.

"Had the company taken action to address its observable security ...Read more