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Parking giant says Uber, Lyft have cut parking business up to 50 percent in some venues

Business / Business News /

SAN DIEGO -- The parking giant Ace Parking says that Uber and Lyft are eating into the parking business -- with as much as 50 percent less traffic at nightclubs and a 25 percent drop at restaurant valets.

A death knell for paid parking? No, Ace and others say they are going high-tech to survive.

For consumers, the bright side may be lower ...Read more

Unemployment: For the older professional who had everything

Business / Business News /

What retirement? Americans will have to work longer, we've been warned. Fewer companies guarantee pensions.

With more old people to maintain, Congress is weighing plans to limit Social Security and Medicare, raising qualifying ages, and curbing benefit increases. "Our big entitlements are going to have reform so they are there for the next ...Read more

250,000 Michigan jobs may be gone forever, despite economic rebound

Business / Business News /

DETROIT -- Judging by the past few years, Michigan's economy has come roaring back from the Great Recession. Unemployment has dropped dramatically, the state has added roughly a half-million jobs since 2011 and auto companies have posted record or near-record sales for several years in a row.

But that upbeat narrative masks the deep trough that...Read more

California vehicle sales exceed 2 million for third straight year

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For the third straight year, sales for new cars and trucks in California exceeded 2 million and the forecast for 2018 anticipates the number to top 2 million again -- but just barely, as the rate of growth is slowing.

New vehicle registrations reached 2.047 million units in 2017, down from 2.088 million in 2015, which was one of the strongest ...Read more

Walmart's online strategy isn't clicking yet. Here's how it plans to get its mojo back

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Taking on Amazon isn't so easy, even for one the world's mightiest retailers.

This is not to say superstore kingpin Walmart won't eventually give the Seattle-based e-commerce giant a serious run for the online money, but it isn't there yet.

Far from it.

Walmart announced Tuesday that its fourth quarter e-commerce sales grew 23 percent, down ...Read more

Could new interest in maple produce sweet market for Kentucky farmers?

Business / Business News /

When someone says "maple syrup," what place comes to mind? Vermont? Or maybe even Canada? But probably not Eastern Kentucky.

Until now.

"Most people think you can't produce syrup in Kentucky but I do," said Keith Moore of Savage Farms in Louisa. "It's really delicious, too ... I've had some informal taste tests and people can't tell the ...Read more

Under the Hood: Car mysteriously stalls, then starts 10 minutes later

Business / Business News /

Q: I have 2001 Ford Taurus with a 3.0 Liter V6 engine. This car will suddenly quit running when I'm driving it. Trying to start it is fruitless for about 10 minutes, and then it will start right up and run until it repeats this same failure, after I've driven it! I took it to my go-to shop. They couldn't find any trouble codes in this car's ...Read more

Motormouth: Father knows best? Engineers know better

Business / Business News /

Q: My elderly father thinks it is better to drive without a radiator pressure cap. He is worried the pressure can pop a coolant hose. He has been driving his 2004 Chevy Venture like this for years and has been trying to get me to do the same. So far, he has not blown a hose nor has he overheated. But I think he is taking a risk of boiling over, ...Read more

The Week Ahead: The semiannual economic check-up from the Fed

Business / Business News /

Like a teeth cleaning appointment, the head of the Federal Reserve must visit Congress every six months. The central bank chair has to sit for two days updating the House and Senate on the American economy. Traditionally, the head of the Fed tries his or her best not to make any news or surprise the markets. And like a dentist reminding a ...Read more

UPS to add new electric delivery trucks to fleet

Business / Business News /

ATLANTA -- UPS plans to deploy 50 electric delivery trucks as part of its fleet of brown vehicles, a move it expects could give a boost to adoption of electric vehicles across the industry.

UPS in its Thursday announcement said the trucks – which it is partnering with electric vehicle manufacturer Workhorse Group Inc. to design -- will be ...Read more

Elon Musk slammed by Stanford gender researcher for space patriarchy

Business / Business News /

Tesla and SpaceX CEO Elon Musk wants to grab Mars like President Donald Trump reportedly grabbed -- well, you know.

That's according to Marcie Bianco, editorial and communications manager at Stanford University's Clayman Institute for Gender Research.

Musk, you may remember, recently launched a Tesla Roadster into orbit around the sun aboard a...Read more

Goldman has a $500 million army of little guys to buff its image

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NEW YORK -- No one would mistake them for typical Goldman Sachs clients. Marcus Moore runs a staffing firm. Jessica Johnson-Cope places security guards and rents out drug-sniffing dogs. J.R. Foster helps companies maintain their offices and buildings.

Yet just last week, those three and thousands of other small business owners descended on the ...Read more

Grocers sounded out on trump administration's 'harvest box' plan

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WASHINGTON -- The Agriculture Department has begun talking with grocery retailers about their potential role in a proposal to replace some food-stamp allocations with prepackaged boxes of groceries, Secretary Sonny Perdue said.

Grocers are already adding services such as food delivery that the so-called Harvest Box would require, Perdue told ...Read more

Ford replaces ousted president of North America operations

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DETROIT -- Ford Motor Co. named Kumar Galhotra the new president of Ford North America on Thursday, hours after Raj Nair abruptly exited the role amid acknowledgement of "inappropriate behavior" after 30 years with the iconic automaker.

While the shakeup shocked the investor community and stunned employees, Ford officials said Thursday the ...Read more

SpaceX launch brings Elon Musk's broadband-internet satellite plan closer to reality

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LOS ANGELES -- SpaceX is one step closer to providing low-cost broadband internet access after launching the first two demonstration satellites for its planned satellite constellation Thursday morning.

The two demonstration satellites, known as Microsat-2a and Microsat-2b, were the secondary payload on Thursday's Falcon 9 mission, which ...Read more

Food truck owner hopes to take fight against Chicago to Illinois Supreme Court

Business / Business News /

CHICAGO -- A cupcake food truck owner who believes Chicago's regulations -- including a rule requiring mobile vendors stay at least 200 feet away from bricks-and-mortar restaurants -- are unconstitutional is asking the Illinois Supreme Court to take up her lawsuit.

If the state Supreme Court obliges, it will be the next step in a lengthy legal ...Read more

Minneapolis threatens $500 fines to unlicensed Airbnbs

Business / Business News /

MINNEAPOLIS -- The city of Minneapolis is threatening to impose $500 fines on property owners who list their homes on sites such as Airbnb without paying for a municipal license.

The City Council passed an ordinance in October regulating Airbnb and other short-term rentals. The rules require people who rent out their homes and the online ...Read more

Google fired disabled, transgender man for opposing his co-workers' bigotry and white supremacy, lawsuit alleges

Business / Business News /

MOUNTAIN VIEW, Calif. -- Google fired a disabled, queer, transgender engineer for opposing discrimination, harassment and white supremacy among his fellow Googlers, a lawsuit filed Wednesday alleged.

The site reliability engineer, Tim Chevalier, claimed in the suit that the Mountain View tech giant's workplace culture was discriminatory toward ...Read more

Chase glitch that let customers see others' bank accounts now fixed, bank says

Business / Business News /

CHICAGO -- For more than two hours Wednesday night, some Chase Bank customers logged into their online bank accounts and instead saw another person's balances.

The technological glitch -- which lasted "sporadically" from 5:30 p.m. to 8 p.m. Central time -- was resolved later Wednesday night, according to Chase Bank spokeswoman Trish Wexler.

...Read more

Auto review: What's in a $63,000 Ford F-150?

Business / Business News /

The 2018 Ford F-150 has just the right balance of capability, comfort and convenience to make you feel that what you want is what you need. That is the success story of America's best-selling vehicle for nearly four decades: to convince the market that want and need are the same.

I know I'm not alone in this not-need. "Daddy, I want a truck," ...Read more