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Tesla reports fourth-quarter and full-year results, says Model 3 on track

Business / Business News /

SAN FRANCISCO -- Tesla Inc. lost $674.9 million on $7 billion in sales last year and lost $121.3 million for the fourth quarter on $2.2 billion in sales, the company said Wednesday.

Annual revenue rose 73 percent thanks to 76,230 deliveries of the company's Model S and Model X electric luxury vehicles.

Given the company's grand ambitions and ...Read more

Bojangles' chicken makes changes it hopes will please food activists

Business / Business News /

CHARLOTTE, N.C. -- Amid pressure from activists groups, Charlotte-based Bojangles' says it is in the process of phasing out chicken raised on antibiotics.

Led by the North Carolina Public Interest Research Group and the Charlotte blogger Food Babe, activists on Tuesday delivered a petition with more than 12,000 signatures to the Bojangles' ...Read more

Brad Grey leaves struggling Paramount Pictures as search for new studio chief begins

Business / Business News /

LOS ANGELES -- Paramount Pictures Chairman Brad Grey has finalized his exit from Viacom Inc. after 12 years managing the legendary movie studio that has struggled to produce box-office hits.

Grey's departure, which was telegraphed last week and announced Wednesday, takes effect immediately. It comes as Viacom's new chief executive, Bob Bakish, ...Read more

White House says Melania isn't in business; so why are her companies still active?

Business / Business News /

WASHINGTON -- First lady Melania Trump has several companies that are still active enterprises, raising questions about whether they will be used for profit while she is in the White House.

Beyond the 564 companies listed in then-candidate Donald Trump's May 2016 financial disclosure were seven companies associated with his wife.

All but one ...Read more

Fed officials indicate another interest rate hike could come 'fairly soon'

Business / Business News /

WASHINGTON -- Federal Reserve policymakers said at their latest meeting that another small hike in a key interest rate could come "fairly soon," opening the door a bit wider to an increase next month, according to minutes of the meeting released Wednesday.

Fed officials reiterated their "considerable uncertainty" about the fiscal policies of ...Read more

Lexus and Porsche tie in J.D. Power reliability study

Business / Business News /

Lexus and Porsche tied for the top spot in auto information company J.D. Power's annual vehicle reliability study.

But other Japanese, German, South Korean and American brands also scored extremely well.

The study targeted 35,000 owners of model year 2014 vehicles who have driven their vehicles for three full years, asking them to rate ...Read more

American Airlines computer issues fixed at Philly airport

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PHILADELPHIA -- American Airlines computer issues that caused major delays at Philadelphia International Airport have been resolved, officials said.

A spokeswoman for American, the dominant carrier in Philadelphia, said the issues were caused by the airline's systems not coming back online early Wednesday after a planned overnight internet ...Read more

Apple employees to start moving into long-awaited campus in April

Business / Business News /

CUPERTINO, Calif. -- One of the most iconic companies in the world on Wednesday set a time for when it will move into what looks set to become one of Silicon Valley's most iconic business centers.

Apple said it will begin moving more than 12,000 employees into its new Apple Park campus in April. Construction of the campus in Cupertino will ...Read more

Boeing sues suppliers over liquid that damaged Air Force tanker

Business / Business News /

SEATTLE -- Boeing is suing two California companies it claims supplied a mislabeled chemical that caused severe damage to the refueling system of its first Air Force KC-46 refueling tanker and delayed its first flight in 2015 by a month.

The suit, filed Friday in federal court in Santa Ana, Calif., seeks $10 million or more from Able Aerospace ...Read more

With growth of the gig economy, states rethink how workers get benefits

Business / Business News /

WASHINGTON -- As more and more Americans hold nontraditional jobs that don't have benefits attached -- think freelance graphic designers or Uber drivers -- cities and states are exploring ways to ensure those workers still have access to workers' compensation, unemployment insurance, and other support such as help paying for health insurance.

...Read more

Lockheed says it's boosting robots on F-35 line to reduce costs

Business / Business News /

FORT WORTH, Texas -- President Donald Trump wants to lower the cost of the F-35, but he has also pledged to increase manufacturing jobs in the U.S. Are those two goals compatible?

In an interview on CNBC Wednesday, a Lockheed Martin executive said the company is boosting the use of robotics at its Fort Worth aeronautics complex that produces ...Read more

Troy Wolverton: Here's how to defend net neutrality

Business / Business News /

Net neutrality is under threat, but you can do something to defend it.

As I've written recently, the Federal Communications Commission under President Donald Trump and its new chairman, Ajit Pai, looks set to roll back or kill off its net neutrality rules. In response, many readers have written me, wondering what, if anything, they can do.

...Read more

Tech Q&A: Giving yourself more access to your PC

Business / Business News /

Q: When I try to use the Firefox browser on my Windows 8.1 PC, I get the error message, "Windows cannot access the specified device, path, or file. You may not have the appropriate permission to access the item." I have to click OK to get rid of this message, then click the Firefox icon again to reach the internet. What can I do to fix this?

--...Read more

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

Business / Business News /

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

Business / Business News /

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

 

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