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McCormick Media may look to buy more Tronc shares beyond Ferro's 25 percent stake

Business / Business News /

McCormick Media, an investor group that struck a deal earlier this month to acquire former Tronc Chairman Michael Ferro's entire stake in the company, may be looking to buy more of the Chicago-based newspaper chain.

In a filing with the Securities and Exchange Commission on Monday, McCormick Media investors said they agreed to buy Ferro's 25.7 ...Read more

Sinclair agrees to sell 23 TV stations to gain approval for Tribune deal

Business / Business News /

NEW YORK -- Sinclair Broadcast Group will divest 23 TV stations aimed at clearing the path for its merger with Tribune Media, the company announced Tuesday.

The sale of the stations would occur after the close of Sinclair's $3.9 billion acquisition of Tribune's 42 TV stations. The deal would give Sinclair ownership or operational control of 215...Read more

Energy Sec. Rick Perry's son owns an energy investment company. Is that a problem?

Business / Business News /

WASHINGTON -- A private investment firm led by Energy Secretary Rick Perry's son has notified the Securities and Exchange Commission that it's seeking investors for a new energy fund, raising concerns about the potential for private businesses run by the offspring of high-ranking government officials to benefit from their parents' policy ...Read more

Michael Hiltzik: In the name of scientific 'transparency,' Pruitt's EPA hobbles its own ability to regulate polluters

Business / Business News /

Say this for Scott Pruitt, the embattled administrator of the Environmental Protection Agency: He's immune to irony.

Pruitt demonstrated that quality Tuesday by announcing a rule to enhance "transparency" at the EPA at a ceremony that was closed to the press. No wonder: The "transparency" rule he's proposing would in fact limit his own agency's...Read more

Wells Fargo shareholders reject calls to oust Sloan and vote to support board at annual meeting

Business / Business News /

DES MOINES -- A year ago, Wells Fargo & Co. shareholders voted in droves against some of the bank's longest-serving board members, a revolt sparked by the scandal over unauthorized bank accounts.

But 12 months later, even as outrage against the bank continues in the wake of new enforcement actions, shareholders stood with the company.

At Wells...Read more

Why Facebook took down your post, and other community standards revealed

Business / Business News /

Facebook, which has faced many a high-profile controversy over policing content on its massive platform, has revealed its internal community standards for the first time.

The company gives a glimpse into how it decides what to do about threats of violence, depiction of crime, sales of drugs and firearms, exploitation of children. The standards ...Read more

Amazon wants to unlock your car for Prime deliveries

Business / Business News /

Remember those halcyon days of six months ago, when Amazon introduced a feature for its Prime customers called Amazon Key, which lets a delivery courier use the cloud to unlock your front door and put your packages inside your house?

Well, on Tuesday, Amazon said it will take that concept another step further, by unlocking and making deliveries...Read more

Business / Business News /

EDITORS: Please kill CPT-APPLE-TAXES:SJ (Crum), which moved earlier Tuesday. This story was not staff written. This is a mandatory kill.

(c)2018 The Mercury News (San Jose, Calif.)

Visit The Mercury News (San Jose, Calif.) at www.mercurynews.com

Distributed by Tribune Content Agency, LLC.

Facebook issues new content guidelines as it grapples with a transparency crisis: A Q&A

Business / Business News /

Hoping to unpack one of the great mysteries of our time -- why Facebook bans some content, but not others -- the social-media giant on Tuesday shared with the world "what is and is not allowed on Facebook."

And it only took them 27 pages to do so.

"Every day, people come to Facebook to share their stories, see the world through the eyes of ...Read more

Trump is pushing hard to reach NAFTA agreement, both with trading partners and with Congress

Business / Business News /

WASHINGTON -- With critical political deadlines fast approaching, the Trump administration is racing to strike a deal on a revamped North American Free Trade Agreement by early May -- with an eye toward forcing a congressional vote on a new pact by the end of the year.

After months of making little progress, recent statements from high-level ...Read more

United CEO skips bonus after passenger-dragging incident

Business / Business News /

United Airlines CEO Oscar Munoz will not receive a bonus for 2017 after the airline decided to link incentive payments to customer service improvements in the wake of the passenger-dragging incident last April.

The Chicago-based airline eliminated Munoz's cash bonus at his suggestion, according to the company's annual proxy, filed Monday. ...Read more

Should these bankers go to prison? 5-week Wilmington Trust trial wraps

Business / Business News /

Is it a crime -- should bosses go to prison -- when bankers wreck government-insured banks and impoverish their own shareholders by making lots of risky loans that don't get paid back?

Or is banking failure, at worst, a question for the civil courts, settled (if at all) by using a slice of a bank's remaining assets to pay partial damages to ...Read more

Amazon pairs with GM, Volvo to deliver packages to your car

Business / Business News /

The next time you have an Amazon package delivered, will it be to your car?

The online retailer is teaming up with General Motors and Volvo to start in-car package delivery for more than 7 million vehicle owners, potentially foiling so-called "porch pirates," those thieves who target home package deliveries. If you're an Amazon Prime member ...Read more

Yeti cut ties with NRA, so a SC man filled his cooler with explosives and shot it, video shows

Business / Business News /

DARLINGTON COUNTY, S.C. -- Since YETI Coolers cut ties with the National Rifle Association, there has been outcry on social media and talk of a boycott of the fashionable coolers.

One South Carolina man was so unhappy about YETI's decision Monday that he got rid of his cooler -- in spectacular fashion.

Bryan Atkinson filled his cooler with ...Read more

Tableau adds data prep product, tweaks pricing to appeal to big customers

Business / Business News /

Seattle technology company Tableau released a new product and pricing model Tuesday, moves to make it more appealing to big companies as Tableau squares off with Microsoft and other competitors.

The company, which develops software to create various visualizations of data, launched new technology that helps workers quickly sort and prepare ...Read more

Next threat stalking American farmers is the end of cheap money

Business / Business News /

American farmers have managed to stay afloat despite years of shrinking crop values, the lowest incomes since the recession and a budding trade war with China. Now, they're feeling a new squeeze -- borrowing money is getting more expensive as interest rates rise. For some, it may be fatal.

"Commodity prices stink, and they're set to stink for a...Read more

Paramount Pictures CEO says struggling studio is 'poised for a renaissance.' Inside Jim Gianopulos' first year

Business / Business News /

The surprising box-office success of "A Quiet Place," a low-budget movie about a family under attack from creatures who hunt by sound, could hardly have come at a better time for Paramount Pictures and its chief executive, Jim Gianopulos.

A year after the veteran Hollywood executive took on the monumental task of reviving Paramount following a ...Read more

Former Fox News anchor Gretchen Carlson to produce and host documentary specials for Lifetime

Business / Business News /

Gretchen Carlson has signed on with A+E Networks to create and host a series of documentary specials for its Lifetime channel, her first TV deal since leaving Fox News.

A+E Networks announced Monday that the opening special in the series, tentatively called "The Brave with Gretchen Carlson," will focus on sexual harassment, a topic that ...Read more

Tesla's not the only Silicon Valley company to get a bad report card

Business / Business News /

Tesla made headlines for all the wrong reasons: after getting dozens of complaints filed to the Better Business Bureau, the Palo Alto electric-car maker was less than prompt in addressing the issues raised by consumers.

Hence, Tesla received an F from the BBB.

Companies, of course, can bring their grades back up if they promptly respond to the...Read more

YETI cuts ties with NRA ahead of convention in Dallas

Business / Business News /

FORT WORTH, Texas -- The Texas-based YETI cooler company is known for putting the chill on things, and they've frozen their financial relationship with America's largest gun lobbying organization in the midst of the heated national debate about guns.

On April 22, YETI cut ties with the National Rifle Association, which came as a breath of fresh...Read more