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Las Vegas beats the odds, and its own past, in landing the Raiders

Business / Business News /

LAS VEGAS -- Oscar Goodman is one of this city's best-known civic boosters, a lawyer who made his career defending homegrown mobsters such as Meyer Lansky and Nicky Scarfo, a mayor who for more than a decade was the consummate pitchman for all things Vegas.

Goodman traveled the world -- sometimes flanked by showgirls -- and reveled in promoting...Read more

Wells Fargo launches card-free ATM access

Business / Business News /

SAN FRANCISCO -- Wells Fargo on Monday began to offer card-free ATM access through a coast-to-coast rollout of changes in how people can access the ubiquitous machines.

Instead of a physical card, customers will be able to use their mobile Wells Fargo app to choose card-free ATM access and then obtain a one-time token for that session to ...Read more

Jim Gianopulos tasked with turning around struggling Paramount Pictures

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LOS ANGELES -- Viacom Inc. named Jim Gianopulos the new chairman and chief executive of Paramount Pictures, handing the veteran film executive one of the toughest assignments in Hollywood: turning around the struggling movie studio.

Viacom Chief Executive Bob Bakish announced the move Monday, bringing to a close a monthlong search to replace ...Read more

Former Obama adviser Valerie Jarrett joins Ariel Investments board

Business / Business News /

CHICAGO -- President Barack Obama's former top White House adviser Valerie Jarrett has been appointed to the board of directors of Chicago-based Ariel Investments.

Jarrett was the longest-serving senior adviser to Obama, and Ariel founder and chairman John W. Rogers Jr. is a longtime friend of Obama's. Former Obama administration Secretary of ...Read more

Amazon delaying public debut of cashierless store in Seattle, report says

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SEATTLE -- Amazon.com is delaying the opening of its cashierless convenience store to the public because the store's technology is having trouble tracking large numbers of people, according to a Wall Street Journal report.

The pilot store, located in Amazon's downtown campus, is powered by technology that Amazon says is similar to that found in...Read more

Bond king Bill Gross agrees to settlement in lawsuit against Pimco, ending nasty dispute

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LOS ANGELES -- Investment manager Bill Gross has reached a settlement with Pacific Investment Management Co., the Newport Beach, Calif., investment giant he founded and led for decades, then sued in 2015 after an acrimonious split.

In a joint press release Monday, Gross and Pimco executives called the settlement amicable but did not disclose ...Read more

Snap shares jump as IPO insiders encourage buying or holding the stock

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LOS ANGELES -- Shares of Snapchat maker Snap Inc. jumped Monday, closing at their highest price in three weeks.

The leap -- shares rose $1.09 a share, or 4.8 percent, to $23.83 -- followed several stock analysts' new recommendations to buy or hold on to shares of the Los Angeles company.

The analysts had been barred from publicizing their ...Read more

Bond king Bill Gross agrees to settlement in lawsuit against Pimco, ending nasty dispute

Business / Business News /

LOS ANGELES -- Investment manager Bill Gross has reached a settlement with Pacific Investment Management Co., the Newport Beach, Calif., investment giant he founded and led for decades, then sued in 2015 after an acrimonious split.

In a joint press release Monday, Gross and Pimco executives called the settlement amicable but did not disclose ...Read more

More companies suspend YouTube ads

Business / Business News /

Health care products maker Johnson & Johnson and automaker General Motors Co. are among the latest companies to halt advertising on YouTube after concerns that Google is not doing enough to ensure brands' ads are not appearing near terrorist content.

New Jersey-based Johnson & Johnson said in a statement last week that it has decided to "pause ...Read more

Nordstrom cutting 106 jobs

Business / Business News /

SEATTLE -- Nordstrom is laying off more than 100 people nationwide, including 30 in Seattle, where the retailer is headquartered.

The 106 positions being cut are all customer-care specialists, who answer customer questions via phone, online chat or email.

In addition to the 30 people being laid off in Seattle, 18 people in Cedar Rapids, Iowa, ...Read more

Self-driving Ubers back in action in San Fran following Arizona crash

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SAN FRANCISCO -- Uber resumed testing its self-driving cars here Monday after a crash in Arizona briefly halted the program and said its cars would return to Pittsburgh and Tempe, Ariz., later in the day.

The San Francisco-based ride-hailing startup over the weekend pulled its autonomous vehicles from the road in all three cities after one of ...Read more

How two girls in leggings put airline dress codes in the spotlight

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CHICAGO -- United Airlines got slapped around on social media Sunday when it barred a pair of teen girls in leggings from boarding a flight, but the reality is airlines still have dress codes, at least for some passengers.

Enforcing them can be tricky, though, as United Airlines found out when a gate agent didn't let the two girls get on a ...Read more

New editor installed at Philadelphia newspapers

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PHILADELPHIA -- Gabriel Escobar has been named editor and vice president of Philadelphia Media Network, placing him in charge of the entire news report for the Philadelphia Inquirer, Daily News and Philly.com, the company announced Monday.

Escobar, 60, also will play a leading role in driving the newsroom's strategic planning and serve as a key...Read more

Company pleads guilty to not reporting stolen fireworks

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PITTSBURGH -- A Pennsylvania fireworks company admitted Monday that it didn't report the theft of about 63,000 commercial grade fireworks stolen by an employee two years ago.

Zambelli International Fireworks pleaded guilty in federal court to one count of failure to report loss of explosive material, a misdemeanor filed in January.

U.S. ...Read more

Trump plans would reverse Obama's climate push

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WASHINGTON –– President Donald Trump plans to sign a far-reaching executive order Tuesday to promote domestic oil, coal and natural gas by reversing much of his predecessor's efforts to address climate change.

The order lays out a broad plan for the Trump administration to dismantle the architecture that former President Barack Obama built ...Read more

'Beauty's' in beast mode as it bests 'Power Rangers' at box office

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LOS ANGELES -- In the battle of 1990s nostalgia, "Saban's Power Rangers" was no match for Disney's "Beauty and the Beast," while Dax Shepard's "CHIPS" was out of the money in seventh place.

"Beauty and the Beast," the live-action remake starring "Harry Potter's" Emma Watson and "Legion's" Dan Stevens, pulled in an estimated $88 million in the U...Read more

The Journey: 5 things you might not know about your nest egg

Business / Business News /

Savers now hold almost $15 trillion in workplace retirement plans and IRAs, according to data recently released by the Investment Company Institute.

That may seem like a lot of cash to manage, but relatively few Americans apparently have tried to figure out if it is enough to get them through retirement.

Just 41 percent of workers have tried ...Read more

Susan Tompor: Student loan defaults may get pricier

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College grads and others who are unable to make payments on certain student loans could find it even tougher to dig out of debt now that it's possible to be hit with double-digit collection fees.

The fees -- which could be as high as 16 percent -- started creating buzz in mid-March after a policy revision was issued by the U.S. Department of ...Read more

Gail MarksJarvis: Will you have enough? Only 18 percent very confident about their retirement savings

Business / Business News /

Meet the worriers -- the people who are afraid they won't ever be able to retire or that they will run out of money too early in retirement.

Three out of 10 say they are so stressed out they even think about it at work, according to the Employee Benefit Research Institute, a research organization that has been examining for years how prepared ...Read more

Trump wall is 30 feet of political panic for edgy companies

Business / Business News /

DALLAS -- Hundreds of companies have been eyeing work on President Donald Trump's 30-foot border wall with Mexico. Some, however, won't touch it with a 10-foot pole.

Mexican cement giant Cemex SAB won't participate, though it is well positioned to profit with plants on both sides of the border.

Neither will Vinci SA, a big French engineering ...Read more