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GM striker: 'This is not just about what we do but who we are'

Business / Business News /

FLINT, Mich. -- Erik Bond is making more bacon, lettuce and tomato sandwiches in his kitchen at home in Grand Blanc, Mich., these days because, well, he just doesn't know what's going to happen and every single dollar matters.

"We don't ever eat fancy," he said. "But we need to make things simpler. Our stress level has gone up. We're tossing ...Read more

In the heart of Silicon Valley, a debate about banning RVs, home to many working poor

Business / Business News /

MOUNTAIN VIEW, Calif. -- After returning home from a long day of work on a recent evening, Edgar Lopez set up his folding chair outside his RV on Mountain View's Crisanto Avenue and caught up with his wife and daughter making dinner in their new home.

Lopez, 57, who works construction in Palo Alto, Calif., and has lived in Mountain View for ...Read more

Susan Tompor: How saver's can make the best of falling interest rates

Business / Business News /

No one has been getting rich stuffing their money into a savings account, and it's bound to get even tougher, as the Federal Reserve shifts further into a rate-cutting mode.

The Federal Reserve announced another rate cut after its two-day policy meeting last week. A divided Fed lowered its benchmark interest rate by another quarter percentage ...Read more

'Downton Abbey' dominates 'Ad Astra' and 'Rambo: Last Blood' at box office

Business / Business News /

LOS ANGELES -- Three new wide releases offered an auspicious start to the fall box office season after a lackluster summer failed to recoup the deficit.

In first place, Focus Features' "Downton Abbey" film adaptation opened with an impressive $31 million, according to estimates from measurement firm Comscore. Analysts projected the film would ...Read more

Twitter suspends more than 10,000 accounts for promoting political discord

Business / Business News /

Twitter on Friday continued its crackdown on what it considers improper content by removing more than 10,000 accounts for spreading political misinformation and unrest.

Twitter said the accounts included more than 4,000 found to be operating out of the United Arab Emirates, and 4,000 others from China. More than 1,000 accounts came from Ecuador...Read more

Judiciary chairman demands answers from Trump on Ford, California investigation

Business / Business News /

WASHINGTON -- The chairman of the House Judiciary Committee wants to know whether President Donald Trump played any role in what has been described as a federal antitrust investigation of Ford and three other auto companies that have made a deal with the state of California on fuel mileage standards.

Rep. Jerrold Nadler, D-N.Y., on Thursday ...Read more

California job growth was healthy in August, but the labor force is shrinking

Business / Business News /

California's record job expansion accelerated in August across broad sectors of the economy and unemployment remained low as the state weathered the challenges of slowing global growth.

Employers added 34,000 positions last month -- the 114th month that payrolls grew and the longest expansion in state record-keeping, state officials reported. ...Read more

'End of an era:' After 45 years, Three Mile Island nuclear power plant is closed

Business / Business News /

Exelon Generation on Friday pulled the plug on Three Mile Island Unit 1, which generated prodigious amounts of electricity for 45 years, but failed in the end to generate enough political support for its financial plight or its contribution as a carbon-free power source.

The 837-megawatt reactor, the elder sibling of the infamous reactor that ...Read more

Hospital strike: 2,200 University of Chicago Medical Center nurses walk off the job

Business / Business News /

CHICAGO -- Nurses at University of Chicago Medical Center -- 2,200 of them -- went on strike at 7 a.m. Friday, the first strike in the history of the 618-bed hospital, one of Chicago's largest and most prestigious.

Hundreds of nurses wearing red shirts marched at the intersection of 58th Street and Maryland Avenue, holding signs that said, "On ...Read more

Global Climate Strike: How Amazon workers forced Jeff Bezos' hand

Business / Business News /

Unlike some of its rival technology giants, Amazon.com Inc. has never claimed a loftier purpose than selling its shoppers what they want, quickly and cheaply. Its mission statement: to be "Earth's most customer-centric company."

As political storms have overtaken Facebook and Alphabet's Google in the last few years, Amazon's pursuit of commerce...Read more

Under the Hood: Troubleshooting shift to 4WD in F-150

Business / Business News /

Q: I have a 2013 F-150 4x4 (bought new) with less than 19,000 miles. When I shift into 4-wheel drive under load, such as going up a steep incline, there is a loud bang under the truck. Is this a concern? If I anticipate the shift and make it on the flat preceding a hill, no problem. The nearby dealer's mechanic who checked it out couldn't get it...Read more

California, 13 other states sue Trump over revoking authority to set car emissions standards

Business / Business News /

WASHINGTON -- A coalition of states led by California filed a lawsuit Friday against the Trump administration, challenging its decision to revoke a rule that empowers the state to set tougher car emissions standards than those required by the federal government.

The lawsuit seeks to defend California and the 13 other states that follow its car ...Read more

The Week Ahead: The quiet market that roared

Business / Business News /

The last time Main Street investors heard about the repo market was in 2007. It wasn't good.

The repo market has been back in the headlines over the past week. But 2007, this is not.

Repo is Wall Street-speak for repurchase agreements. These are short-term loans, usually lasting only a day or so. Banks and big traders like hedge funds use them...Read more

Carmakers out of sight as Trump starts dismantling mileage rules

Business / Business News /

WASHINGTON -- When President Barack Obama in 2009 announced a plan to bolster the fuel efficiency of cars to record levels, he stood shoulder to shoulder in the White House Rose Garden with chief executives of the largest automakers.

It was a far different scene at Environmental Protection Agency headquarters on Thursday, when Administrator ...Read more

Why some UAW workers think electric truck will save GM's Detroit-Hamtramck plant

Business / Business News /

DETROIT -- On the picket line Wednesday in front of the Detroit-Hamtramck Assembly Plant, a worker carrying a "UAW on Strike" sign used body language to say he thinks his plant has been a bargaining chip for contract negotiations.

While he offered a quick "No comment," the man pointed to his head, which was nodding a vigorous, "Yes."

Earlier ...Read more

Erin Arvedlund: Vanguard trying out a new robo-only adviser that is even cheaper

Business / Business News /

Vanguard is testing a pure robo adviser that is pushing costs down even further for that automated investing service.

On Sept. 17, Vanguard filed a brochure for a trial service called Vanguard Digital Advisor, according to a Securities and Exchange Commission filing.

Initially, the trial robo adviser is available only to those with Vanguard ...Read more

Warren's wealth tax would be an IRS headache and boon for appraisers

Business / Business News /

WASHINGTON -- Sen. Elizabeth Warren's campaign promise to fund social programs by making America's wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the Internal Revenue Service.

A wealth tax affecting the country's 75,000 richest households could raise...Read more

Hollywood's lawyers play on-call doctors in drama between WGA and agencies

Business / Business News /

LOS ANGELES -- For the attorneys of Hollywood's writers -- currently locked in the worst labor dispute in a decade -- the summer of 2019 was the summer that wasn't.

Plans of sipping wine by the sea or playing polo in Santa Barbara went out the window. Instead, entertainment lawyers readied themselves to take calls from Hollywood writers, more ...Read more

Auto review: Chrysler 300S feels like the olden days

Business / Business News /

I was excited -- well, maybe excited is a little strong -- but I at least enthusiastically anticipated the chance to pilot the Chrysler 300, a car that had eluded me for eight years of testing. I'd always liked the styling, how it looked like a little kid's drawing of a family car.

It feels like a big blow to Chrysler if I start slamming the ...Read more

In 'Poultry Capital,' stakes are high amid Trump immigration crackdown

Business / Business News /

GAINESVILLE, Ga. -- Newcomers driving north on Atlanta Highway could feel disoriented. For roughly two miles, many of the colorful signs are in Spanish. Taquerias beckon motorists with chorizo, carne asada and al pastor tacos. The crowded Viajes Latinos travel agency advertises boletos de avion, plane tickets. Lavanderias -- coin laundries -- ...Read more