Uber CEO admits mistakes, vows reform following sexual harassment claims

Business / Business News /

SAN FRANCISCO -- Uber was rocked by scandal once again this week after a former employee raised claims of sexual harassment. But experts say this time, the CEO's conciliatory response -- both in public and during an internal meeting Tuesday -- may signal Uber is growing up as it inches closer to an IPO.

Tuesday morning Uber CEO Travis Kalanick ...Read more

Jordan Peele horror movie 'Get Out' takes on 'Lego Batman' at box office

Business / Business News /

LOS ANGELES -- Oscar week is here, which means Hollywood's attention is more focused on gold statuettes than new movies opening at the multiplex. But Sunday's star-studded gala at the Dolby Theatre won't necessarily turn the box office into a snooze-fest.

One reason to pay attention is "Get Out," the critically acclaimed and politically timely ...Read more

Universal Studios Hollywood raises gate ticket prices

Business / Business News /

LOS ANGELES -- About a week after Disneyland raised its ticket prices, Universal Studios Hollywood hiked attendance prices an extra $5 per visitor.

The daily ticket price at the gate rose to $120 from $115, on top of increases adopted last year of up to 20 percent. Universal Orlando also raised prices over the weekend by up to $5 per ticket.

...Read more

Hong Kong Disneyland reports a 2016 loss as visitor slump worsens

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Two weeks after Walt Disney Co. launched a bailout of struggling Euro Disney, another international Disney resort revealed that its financial woes grew last year.

Hong Kong Disneyland reported Monday a second consecutive annual loss on an 11 percent drop in attendance and a 7 percent decline in revenue. The $22 million loss for the fiscal year ...Read more

UPS tests delivery by drone

Business / Business News /

ATLANTA -- UPS has tested delivering a package to a home by drone from one of its brown trucks.

The test conducted Monday in Lithia, Fla., used a drone called HorseFly built by Workhorse Group, an Ohio-based developer of drones and battery-electric trucks.

"We think drones can help us with some of our routine daily deliveries," said UPS chief ...Read more

Wells Fargo fires 4 managers after scandal

Business / Business News /

LOS ANGELES -- Wells Fargo & Co. said Tuesday that it has fired four senior managers in the aftermath of the scandal over accounts opened in customers' names without their knowledge or consent.

The banking giant said its board agreed unanimously to terminate Shelley Freeman, former Los Angeles regional president and current head of consumer ...Read more

EU data privacy regulator raises concerns about Microsoft's Windows 10

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SEATTLE -- The European Union's data protection watchdog says it still has concerns about the information Microsoft is collecting from users of its Windows 10 operating system.

The EU regulator sent Microsoft a letter a year ago raising concerns that the operating system didn't give users enough information or control over what data was being ...Read more

Amid merger speculation, Oreo-maker Mondelez launches new health-focused brand

Business / Business News /

CHICAGO -- Oreo-maker Mondelez International announced the launch of a savory snack brand Tuesday tailor-made for today's health-conscious consumers, even as merger speculation continues to envelop the company.

In midmorning trading, Mondelez shares were up more than 4 percent to about $44.35 per share, bolstered by market speculation that the ...Read more

PSA chief woos Opel workers with promise to keep jobs, brands

Business / Business News /

FRANKFURT, Germany -- PSA Group Chief Executive Officer Carlos Tavares sought to ease tensions over the proposed acquisition of General Motors Co.'s European business by assuring workers that the French automaker will protect jobs and revive the Opel and Vauxhall brands.

The manufacturer of Peugeot and Citroen cars will honor existing labor ...Read more

Yahoo and Verizon confirm sale, with $350 million post-hack discount

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SUNNYVALE, Calif. -- In the first firm signal that Silicon Valley's most closely watched deal will go through, Verizon said Tuesday it will buy Yahoo for $4.48 billion, a price that reflects a $350 million discount.

"We have always believed this acquisition makes strategic sense," Marni Walden, executive vice president of Verizon, said in a ...Read more

American Airlines launches cheap economy fares

Business / Business News /

FORT WORTH, Texas -- Cheap, no-frills fares from American Airlines are here.

On Tuesday, the Fort Worth-based carrier began selling its "basic economy" fare on ten routes, including Dallas/Fort Worth to Baltimore, Philadelphia and Tampa. Prices ranged from $90 for a one-way ticket from DFW to Baltimore and $148 from DFW to Philadelphia.

But ...Read more

Your Office Coach: Hugger or not, keep yours hands to yourself at work

Business / Business News /

Q: I'm the type of person who likes to physically express my appreciation. If a co-worker helps me out or offers a compliment, I often say thanks by squeezing their hand or giving them a shoulder rub. Unfortunately, these friendly gestures of gratitude are now grounds for getting reprimanded by human resources.

When I met with our HR manager, ...Read more

Pharma firm CEO insists $89,000 drug is affordable, but what's the true cost?

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CHICAGO -- When Marathon Pharmaceuticals' $89,000 price tag for a year's supply of its newly approved muscular dystrophy drug sparked outrage earlier this month, the company's CEO responded with another figure: $20.

That's how much he expected Duchenne muscular dystrophy patients would pay per prescription of the drug, he wrote in a letter ...Read more

Diane Stafford: Facebook, LinkedIn and job hunting protocol

Business / Business News /

Q: Should I "friend" my boss on Facebook?

A: It depends whether your boss is a real friend, or maybe a relative. If your ties predate your employment, it's likely your boss already knows quite a bit about your life. But if your relationship exists solely because of business, it might be prudent to keep at arm's length on social media.

...Read more

Neal St. Anthony: When it comes to immigration, business owners ahead of the politicians

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Luis Fitch, an immigrant artist and businessman, is co-founder of Uno Branding, a Minneapolis marketing agency with an office in Mexico City.

Uno is working on Mexico-based Manzanita, an apple-based soda that's a rage in Mexico and starting to sweep the U.S. It's owned by Uno client, PepsiCo. He also works for a Canadian company that owns an ...Read more

Liz Reyer: Listening is the critical first step in bringing work groups together

Business / Business News /

Q: As part of my job, I am working to help unify a number of different work groups around some consistent processes. They all have different workplace cultures and have developed their own unique ways to get their work done. How do I help bring them together without forcing the change down their throats?

-- Lynette, 48, vice president, ...Read more

Rex Huppke: Bathroom bills won't keep transgender equality from the workplace

Business / Business News /

What will you do when transgender equality comes to your workplace?

To understand why I ask that, consider some recent news.

The National Football League released a statement that stirred up some dust in Texas.

It read, in part: "The NFL embraces inclusiveness."

That may not sound dust-stirring on its own, but the statement was directed at ...Read more

Tough 'Lego Batman' kicks through 'Wall' at box office

Business / Business News /

LOS ANGELES -- A talking building-block toy proved tougher than Matt Damon's "The Great Wall" at the box office over the four-day Presidents Day weekend, as "The Lego Batman Movie" from Warner Bros. finished first, raking in an estimated $42.5 million in the U.S. and Canada.

The animated "Batman" parody, now in its second week, saw its total ...Read more

Snapchat Spectacles now sold online

Business / Business News /

LOS ANGELES -- If you didn't race out to Los Angeles to get them, or stand in an endless line in Santa Monica, Calif., or catch a helicopter ride to the middle of the Grand Canyon, or brave the Manhattan cold, or pay a premium on eBay, well, you finally can just go online to buy Spectacles.

The $130 high-tech sunglasses from the company behind ...Read more

Warm weather is melting winter economy in Minn., Wis. towns

Business / Business News /

MINNEAPOLIS -- For every Minnesotan who welcomed the past weekend's warm weather, there was another putting away skis, skates or a snowmobile and wondering whatever happened to the cold. Springlike temps are in the Twin Cities' forecast for much of the rest of February, meaning winter's fans might be the only ones getting frosted.

"It's going ...Read more