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Mexican Senate leader aims to pass trade deal by week's end

Business / Business News /

MEXICO CITY -- Mexico's Senate majority leader is pushing for passage of changes to a new free-trade deal with the U.S. and Canada by the end of this week after the governments of the three nations completed months of negotiations.

Ricardo Monreal, from President Andres Manuel Lopez Obrador's ruling Morena party, said Wednesday that he wants a ...Read more

Bel-Air's 'Beverly Hillbillies' mansion sells for about $150 million, a new California price record

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LOS ANGELES -- Some know it as "The Beverly Hillbillies" mansion, others as Chartwell. Now, it has a new name: California's chart-topper.

The Bel-Air residence of late media mogul A. Jerrold Perenchio has sold for the highest price in California history, about $150 million. Although the exact number isn't clear, people familiar with the deal ...Read more

General Motors CEO confirms electric pickup plan, is vague about hiring at Detroit-Hamtramck plant

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DETROIT -- General Motors will build an electric pickup for sale in the fall of 2021 at its Detroit-Hamtramck plant, CEO Mary Barra confirmed at a company event Tuesday night.

In November 2018, GM said it would shutter four U.S. factories, Detroit-Hamtramck being one. But during UAW contract talks this fall, GM agreed to keep Detroit-Hamtramck ...Read more

FAA analysis after first Boeing 737 MAX crash estimated high risk of further accidents

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An internal Federal Aviation Administration analysis completed a month after the first crash of a Boeing 737 MAX in Indonesia last fall estimated a high risk of further accidents.

That revelation drew urgent questions in Congress Wednesday as to why the MAX was not grounded then, before the second crash in Ethiopia.

The FAA analysis projected ...Read more

Minnesotans applaud trade breakthrough, forged by rare Pelosi-Trump compromise

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MINNEAPOLIS -- The deal reached Tuesday by the White House and Democrats for a new trade pact with Canada and Mexico drew praise in Minnesota, where farmers, food companies and manufacturers have been eager for government officials to take the brakes off trade.

House Speaker Nancy Pelosi announced a compromise that should hasten congressional ...Read more

TikTok music app owner agrees to $1.1 million class-action settlement for alleged underage privacy violations

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CHICAGO -- Parents of underage children who downloaded the wildly popular TikTok or Musical.ly video apps could be eligible for a share of a $1.1 million settlement in a class-action lawsuit alleging the Chinese-owned companies violated online privacy laws.

ByteDance, which owns both apps, now merged under the TikTok brand, reached the ...Read more

Congress restoring $28 million for Army Chinook work at Boeing plant where 4,600 work

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PHILADELPHIA -- The Philadelphia area's largest factory complex -- the Boeing helicopter works in Delaware County -- appears to have dodged a fiscal missile this week as area Congress members of both parties joined forces to pressure Washington into restoring funds for Army Chinook CH-47 helicopter upgrades that had been cut by the Trump ...Read more

Uber launches ski service in 23 American markets

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Uber wants to give skiers a lift to the lifts.

On Wednesday, Uber introduced a new service called UberSKI, which is designed for riders who want to get up to the slopes, but don't feel like doing all the driving that comes along with that experience.

Starting immediately, Uber users in 23 U.S. markets will see an UberSKI icon appear on their ...Read more

Carla Fried: 6 methods for keeping resolutions

Business / Business News /

The start of a new year is for many a signal to set goals. Lose weight. Exercise more. Spend more time with the kids. Spend more time with the parents. Spend less time checking your messages. Spend less, period.

Yet all too often, whether it is February or July, our good intentions fizzle and we lose our resolution momentum.

If you're a New ...Read more

Federal Reserve puts hold on interest rates in quiet end to busy year

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WASHINGTON -- After three successive interest rate cuts, the Federal Reserve hit the pause button at its last meeting of the year on Wednesday and signaled it was likely to remain on the sidelines all next year.

The decision to keep the Fed's benchmark rate at between 1.5% and 1.75% was approved unanimously by all 10 voting members, whereas one...Read more

President who sold NutriSystem to Tivity is out; deputy will diversify

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PHILADELPHIA -- The people who run Nutrisystem, the Horsham-based diet-meals company that plans to add home food shipments to recovering patients next month, are seeking to convince shareholders the departure of its former President Dawn M. Zier won't knock owner Tivity Health Inc. off track, by emphasizing that a familiar team headed by Zier's ...Read more

Lawyer: GM suit against FCA will cost automakers hundreds of thousands of dollars

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DETROIT -- Lawyer Bruce Sendek has been around a long time, including a four-year stint with General Motors' corporate counsel in the late 1970s and early '80s.

But he's never seen anything like GM's lawsuit against crosstown rival Fiat Chrysler Automobiles.

Sendek had a lot of questions, that started at word one -- literally.

"I do not ...Read more

Have a heart: Cheerios changes shape for new marketing campaign

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MINNEAPOLIS -- Out with the "O" and in with the heart.

General Mills is replacing the most recognizable shape in the cereal kingdom, the Cheerios' "O", with heart-shaped pieces. It's all a part of the food maker's ongoing marketing campaign that claims its whole-grain cereals can be good for heart health.

But fret not, fans. The change is ...Read more

Susan Tompor: Hot deals on Facebook may look real — but order never arrives: How to spot a fake

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Chili Akoma has a shopping scam story that you'll want to read especially if you're in a rush this holiday season.

He spotted some Clarks shoes that he liked via an ad on Facebook. The price seemed competitive and roughly what he'd expect to spend for Clarks chukka boots. He placed his order, received a confirmation and even a tracking number. ...Read more

Submarines, fighter jet engines and helicopters: Billions of dollars from Washington are budgeted for Connecticut's defense industry

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HARTFORD, Conn. -- Legislation that will bring billions of dollars to Connecticut's submarine, fighter jet engine and helicopter manufacturers is awaiting approval from Congress and President Trump's signature.

The $738 billion defense spending plan that authorizes funding for Department of Defense and national security programs of the ...Read more

Netflix's Hollywood raids face new obstacles after court ruling

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LOS ANGELES -- For Fox studio executives Tara Flynn and Marcos Waltenberg, jumping to Hollywood newcomer Netflix in 2016 was a rare opportunity to double their salaries. As an inducement, Netflix offered to shield them from any legal backlash for walking out on their employment contracts.

The streaming giant approached 14 other Fox employees ...Read more

'It's life-changing': Real estate firm awards employees a total of $10 million in bonuses

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BALTIMORE -- Edward St. John, CEO and founder of St. John Properties, shocked his employees with a $10 million bonus to be split among the company's 198 employees.

Many companies give out bonuses around the holidays, but not many announce an additional $10 million in employee payouts on top of annual year-end prizes like St. John Properties did...Read more

Main benefit from NAFTA replacement deal? End of auto industry uncertainty

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DETROIT -- Disaster avoided.

That's how one analyst described the apparent deal between House Democrats and the Trump administration to move forward on revising a trade agreement among the United States, Canada and Mexico. The news of progress to replace the North American Free Trade Agreement, an effort that had appeared stalled until recently...Read more

FAA engineers objected to Boeing's removal of some 787 lightning protection measures

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SEATTLE -- Last spring, Federal Aviation Administration (FAA) managers approved removing a key feature of the 787 Dreamliner wing that aimed to protect it in the event of a lightning strike.

Boeing's design change, which reduces costs for the company and its airline customers, sped through despite firm objections raised by the agency's own ...Read more

Sea-Tac is first airport to resist federal push for facial recognition and other biometric technologies

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SEATTLE -- At least for now, controversial facial-recognition technology won't be installed at boarding gates at Seattle-Tacoma International Airport, making the airport the first in the country to resist the rollout of a federal biometric identification program.

After hours of impassioned public comment Tuesday, much of it from people calling ...Read more