Tax cut failure could rattle stock market, Mnuchin warns

Business / Business News /

WASHINGTON -- Treasury Secretary Steven T. Mnuchin said that failure to pass the Republican tax overhaul would trigger a "significant" drop in the stock market, which has rallied to record highs in recent months.

His warning, which some market analysts disputed, came as a new poll showed 52 percent of Americans oppose the tax plan, which is ...Read more

Tesla employees racially harassed black contract workers, lawsuit alleges

Business / Business News /

Three former Tesla Inc. contract workers faced racial harassment and discrimination while working at the electric carmaker's Fremont, Calif., factory, according to a lawsuit filed this week.

Plaintiffs Demetric Di-az, his father, Owen Diaz, and Lamar Patterson alleged that they were the targets of "racially motivated abuse, including the ...Read more

Ford recalls 1.3 million F-150, Super Duty trucks

Business / Business News /

DETROIT -- Ford is recalling 1.3 million F-150 and Super Duty trucks because of an issue that could allow a door to open while driving in certain conditions.

The recall will allow for the installation of a water shield to side door latches in 2015-2017 F-150s and 2017 Super Duty trucks.

"In affected vehicles, a frozen door latch or a bent or ...Read more

Why tax cuts won't generate as much economic growth as Trump hopes

Business / Business News /

WASHINGTON -- President Donald Trump and congressional Republicans talk about their tax overhaul plan as if it's a sure-fire bet for the economy.

Far from it. There's little historical evidence that tax cuts actually pay off in boosting economic growth long-term.

And today's combination of high federal debt and a tight labor market casts even ...Read more

Nielsen will tell clients who's watching on Netflix and other streaming video services

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Audience measurement company Nielsen will offer networks and studios data on who is watching programs on streaming video on-demand services such as Netflix.

While Nielsen has tracked streaming and on-demand content since 2014, the new service announced Wednesday will for the first time give clients online viewership information about their own ...Read more

Tech Q&A: What to do if a tablet PC starts losing data

Business / Business News /

Q: My Microsoft Surface Pro 4 tablet computer is behaving strangely. The problems began after I installed a larger SSD (solid state drive) that had 64 gigabytes more capacity. I configured that extra memory as a "D drive," and used it to store eBooks (digital books), pictures and music.

Now, whenever the Surface Pro is turned off and restarted,...Read more

Jennifer Van Grove: Cord-cutting: Not all it's cracked up to be?

Business / Business News /

When it comes to cutting the cord and streaming TV, readers naturally have questions. Some have rants. Others just want me to know that cord-cutting is not for them.

So in the spirit of openness, I thought I'd share a sample of reader emails I get each week, with emails edited for length and clarity.

Spoiler alert: Not everyone who reads this ...Read more

Wells Fargo ordered to repay customers who lost money on complex securities

Business / Business News /

An investment industry regulator has ordered Wells Fargo to pay $3.4 million to brokerage customers who lost money buying complicated securities that even Wells Fargo brokers didn't fully understand.

The Financial Industry Regulatory Authority, or Finra, said Monday that some Wells Fargo representatives mistakenly thought a kind of complex ...Read more

Missouri appeals court tosses $72 million Johnson & Johnson talcum powder verdict

Business / Business News /

ST. LOUIS -- The Missouri Eastern District appeals court on Tuesday threw out a $72 million jury verdict for a woman who claimed her longtime use of baby powder and other Johnson & Johnson products contributed to ovarian cancer that killed her.

The ruling could kill three other recent St. Louis jury verdicts of more than $200 million combined ...Read more

Roy Price resigns as Amazon Studios chief following sexual harassment allegation

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LOS ANGELES -- Roy Price has resigned as the head of Amazon Studios after an allegation that he sexually harassed a television producer working on one his shows.

An Amazon Studios representative confirmed that Price resigned from the company on Tuesday. Price was placed on unpaid leave Thursday following accusations made by Isa Hackett, an ...Read more

Trump is said to plan Fed chair pick before Nov. 3 Asia trip

Business / Business News /

WASHINGTON -- President Donald Trump plans to choose his nominee to chair the Federal Reserve before he leaves Nov. 3 for an 11-day trip to Asia and Hawaii, a person familiar with the process said.

Trump is working with a shortlist of five names to lead the central bank: former Fed Governor Kevin Warsh, Stanford University economist John Taylor...Read more

UnitedHealth Group profit up 26 percent

Business / Business News /

MINNEAPOLIS -- UnitedHealth Group shares jumped 5.6 percent in trading Tuesday after the company's earnings increased 26 percent for the third quarter, beating analyst estimates and prompting a boost to full-year financial guidance.

The quarterly results were the first reported under new CEO David Wichmann, who took over the top job in ...Read more

NAFTA talks bog down over US demands as latest round concludes

Business / Business News /

WASHINGTON -- After seven consecutive days of talks fraught with emotion, officials representing the U.S., Canada and Mexico were at seeming loggerheads over several American proposals that observers fear could derail the negotiations and ultimately cause an unraveling of the 23-year-old North American Free Trade Agreement.

President Donald ...Read more

Microsoft's Windows 10 update bets on a bigger virtual-reality role for PC

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SEATTLE -- Microsoft is trying to nudge laptop and deskbound computers to interact with the three-dimensional world.

The company on Tuesday started rolling out its latest bundle of updates to the Windows 10 operating system with features clustered around a bet that people will use their PCs to experience 3-D virtual worlds.

Dubbed the Fall ...Read more

FCC chair says agency can't revoke TV licenses over newscast

Business / Business News /

WASHINGTON -- The Federal Communications Commission lacks authority to revoke broadcast licenses in retaliation for news reporting, its chairman said Tuesday in his first public remarks on the topic since President Donald Trump threatened the licenses of news networks six days ago.

"I believe in the First Amendment," FCC Chairman Ajit Pai said ...Read more

Future of football safety could come down to research in Riddell's suburban Chicago office

Business / Business News /

CHICAGO -- With youth participation waning and football facing increased concerns over head trauma, the future of the game could well come down to the work being done in a windowless room in a generic suburban Chicago office building.

That's where Riddell, the nation's largest football equipment manufacturer, is testing out design innovations ...Read more

Apps for surviving disasters

Business / Business News /

SAN JOSE, Calif. -- When the next big earthquake strikes the Bay Area, millions will likely be stranded without the high-tech comforts provided by Silicon Valley.

As evidenced in Texas, Florida and Puerto Rico following three different hurricanes, disasters can wipe away Wi-Fi and cellular data infrastructure, making modern technology obsolete....Read more

Amazon is growing faster than any big company in the US these days — and maybe ever

Business / Business News /

How can Amazon -- or any company -- fill a second headquarters with 50,000 people?

"Let me show you," said Thomas Paulson, a Minneapolis investment analyst who has followed Amazon for 17 years, as he pulled up a staffing chart on his iPad. "Their success has surprised even them."

Beneath the hype of Amazon's search for a second headquarters ...Read more

3M Co. launches new Combat II Ballistic Helmet

Business / Business News /

MINNEAPOLIS -- 3M Co. has introduced a new combat helmet designed to help soldiers survive an expanded number of ballistic threats during combat.

It's part of an effort to produce the next level of safety products for soldiers.

With enhanced ceramics and special engineering, the new Combat II Ballistic Helmet L110 can help protect service ...Read more

Liz Reyer: When your authority at work is undermined, time for talk with boss

Business / Business News /

Q: My company is in the middle of discussions with an important client, and I have been given authority to negotiate on behalf of my firm. The problem is, the client is not accepting my authority and keeps going to my boss, and she doesn't always stop him. How do I rein him in?

--Troy, 32, account management and sales executive

A: You have to ...Read more