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FAA boss says agency won't be swayed by 'pressure' to approve Boeing's 737 MAX

Business / Business News /

SEATTLE -- FAA Administrator Steve Dickson on Thursday told safety agency staff assessing Boeing's revised 737 MAX flight control software that they have his full support to resist any pressure to fast track the jet's return to the air.

The clear underlying message was that Boeing will not control the timetable for getting clearance to fly the ...Read more

UAW workers ratify Ford contract securing $9K signing bonus, pay raises, new product

Business / Business News /

DETROIT -- After two weeks of voting with little drama or controversy, UAW workers ratified their four-year contract with Ford by 56.3% of the vote, the UAW announced Friday evening.

The union announced the percentage without specific numbers after members finished casting votes nationally at 7:30 p.m. Eastern.

"Every Ford employee and ...Read more

Don't have a cow, 'Simpsons' fans. Disney+ will offer 'original' aspect ratios in early 2020

Business / Business News /

LOS ANGELES -- Immediately after Disney+ launched with a treasure trove of "The Simpsons" episodes this week, fans of the show complained that the viewing experience was marred by the service's formatting. Many episodes were presented in an aspect ratio that critics said ruined some of the show's visual gags.

But "Simpsons" purists may not have...Read more

Dow Industrials climbs past 28,000 for first time

Business / Business News /

NEW YORK -- The U.S. stock market just reached another milestone, as the Dow Jones Industrial Average passed the 28,000 threshold for the first time, extending its gain for the year to 20%.

Apple Inc. led the rally, surging 68% in 2019 as the best performer in the 30-stock gauge. The iPhone maker has the third-highest weighting in the Dow ...Read more

Dunkin' phasing out foam cups in Connecticut by Dec. 1

Business / Business News /

HARTFORD, Conn. -- The next time you get a hot drink at a Dunkin' in New England, don't be surprised if the cup is a little different than what you're used to. The company announced Friday that it will completely phase out its foam cups -- to be replaced by double-walled paper cups -- by Dec. 1.

The move is part of a larger effort by the ...Read more

California, other states sue Trump again for revoking authority to limit auto emissions

Business / Business News /

LOS ANGELES -- California and a coalition of other states filed another lawsuit against the Trump administration Friday challenging its move to revoke their ability to set tougher auto emissions standards than the federal government.

California was joined by 22 other states, Washington, D.C., and the cities of Los Angeles and New York in filing...Read more

Disney's Hulu is raising prices for live TV as costs escalate

Business / Business News /

Hulu's live TV bundle for cord-cutters is about to get more expensive.

The Walt Disney Co.-owned streaming service said Friday that its Hulu + Live TV offering, which includes more than 60 television channels, will increase its price by $10 a month, starting next month.

As of Dec. 18, the so-called skinny bundle will raise its fee to $55 a ...Read more

Google gets US Supreme Court hearing in Oracle copyright clash

Business / Business News /

WASHINGTON -- The U.S. Supreme Court will hear an appeal from Alphabet Inc.'s Google in a multibillion-dollar clash that has divided Silicon Valley, agreeing to decide whether the company improperly used copyrighted programming code owned by Oracle Corp. in the Android operating system.

The justices said they'll review a federal appeals court's...Read more

Twitter's political ad ban will exempt some 'issue' ads

Business / Business News /

SAN FRANCISCO -- Twitter Inc. is making some exceptions to its recent ban on all political advertising, announcing Friday that it will allow "cause-based" ads for some economic, environmental or social issues.

There will still be certain restrictions for those promotions, also known as issue ads. Groups that promote content about a cause -- ...Read more

FAA chief tells agency to take its time scrutinizing 737 Max

Business / Business News /

WASHINGTON -- The Federal Aviation Administration's top official encouraged agency staff to scrutinize Boeing Co.'s grounded 737 Max carefully before approving its return to the skies, no matter how long it takes.

In a video address to agency staff and an internal memo, FAA Administrator Steve Dickson said agency personnel reviewing the 737 Max...Read more

Under Armour defends accounting practices amid federal probes and media reports

Business / Business News /

BALTIMORE -- Under Armour again Friday defended its accounting practices that have come under scrutiny amid federal probes and media reports that the brand manipulated sales numbers to mask weakening demand for its athletic apparel.

The Baltimore-based athletic apparel company confirmed earlier this month that its accounting methods are being ...Read more

Cargill, DSM ramp up production of new sugar substitute

Business / Business News /

MINNEAPOLIS -- Cargill Inc. and the Dutch ingredients giant Royal DSM this week began churning out a new sugar substitute that mimics stevia, but without using any of the plant.

The Minnetonka-based agribusiness has been working on getting the product, called EverSweet, to market for several years. Earlier this year, it formed a joint-venture ...Read more

Parent of Sears, Kmart laying off hundreds at Illinois headquarters

Business / Business News /

CHICAGO -- The parent company of Sears and Kmart has laid off more employees at its Hoffman Estates, Ill., headquarters, a week after announcing plans to close about a third of the retailer's remaining stores.

The layoffs, which reportedly affected hundreds of employees, first were reported by Business Insider. The latest job cuts come just two...Read more

Under the Hood: Stalling, hesitating has no clear cause in Forester

Business / Business News /

Q: Over the past year, my 2010 Subaru Forester intermittently stalls and hesitates while I'm driving. By hesitating, I mean the car loses power and the check-engine light comes on and flashes. I can limp the car along at about 40 km/hr until it "kicks" in and lurches ahead at which point the check-engine light goes off and the car returns to ...Read more

Consumer Confidential: It's called Earnin. I have no idea how the company ever turns a profit

Business / Business News /

Perhaps you've seen the commercial for a Silicon Valley company called Earnin, in which a young woman with an enviably full life -- a radio show, DJ gigs, guitar playing -- relates that she's having a hard time getting by.

Luckily, Earnin is there for her. The company provides advances on the woman's paycheck at no cost. Problem solved.

Earnin...Read more

Experts speculate on Amazon's approach to future grocery stores — a new format, lots of automation?

Business / Business News /

As Amazon readies its grocery chain, analysts and competitors are trying to predict how the commerce giant will make what many expect to be a major move into the biggest category of retail spending.

Picture a grocery store with a miniature version of a highly automated fulfillment center on an upper floor. Robots whiz between tall, narrow ...Read more

The Week Ahead: Here we go again, again

Business / Business News /

Another holiday season is upon us, and so is another threat of a federal government shutdown. But not in the week ahead.

Congress expects to vote on a stopgap funding plan to keep the federal government open and paying its bills through December 20. Failure to approve the short-term deal by Thursday would lead to a partial shutdown.

Investors ...Read more

They turn '49 Mercurys and Shelby Cobras into EVs, one Tesla carcass at a time

Business / Business News /

In a garage near South Los Angeles, metal fabricator Greg Abbott fits battery packs borrowed from a decommissioned Fiat 500E under the hood of a 1965 Mustang.

In Oceanside, Calif., former AAMCO mechanic Matthew Hauber combines the suspension system and battery packs from a totaled Tesla to make an 800-horsepower, all-wheel-drive Shelby Cobra.

...Read more

Carla Fried: Fewer homebuyers stuck paying above the asking price

Business / Business News /

For homebuyers and sellers, the original list price is the conversation starter, yet rarely the final word -- only about 15% of homes in the largest metro areas sold for the seller's original asking price during 2019's second quarter, according to real estate data firm CoreLogic.

Discounted sale prices occurred on 61% of homes sold, CoreLogic ...Read more

Real estate Q&A: I didn't pull permits for work on my house. Will that come back to bite me?

Business / Business News /

Q: Years ago, I renovated my home doing much of the work myself. Since I was working on my house, all the construction was done far exceeding the minimum building code requirements, and it has held up well. However, I did not pull permits. I am planning on selling my home and concerned about this coming back to haunt me. Please help. -- John

A:...Read more