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Real estate Q&A: My new house has a sinkhole. Is the seller liable?

Business / Business News /

Q: We bought a house with a major problem, a covered-over sinkhole, that was not disclosed to us. No one wants to help us with it -- our agent, the seller, everyone has turned his or her back. The house is so torn up to fix the problem that we have been staying in a hotel. Is there anything we can do? -- Edythe

A: Most people have heard the ...Read more

The Mortgage Professor: Refinancing in a time of rising rates and property values, part 3

Business / Business News /

While rising interest rates have sharply reduced the number of mortgage borrowers who can refinance into a lower rate, rising home prices create opportunities for some borrowers to refinance into mortgages that are less costly in other respects. Previous articles looked at refinancing a mortgage that is burdened by mortgage insurance, or by a ...Read more

Ann Marie van den Hurk: Summer reading suggestions for the entrepreneur in all of us

Business / Business News /

It is finally summer and time for some vacation away from the office. It feels good, doesn't it?

For many of us, this time includes a goal to disconnect from our digital devices. It's a big goal in our highly digitalized lives where we have all forms of entertainment at our fingertips.

And it's not easy. In fact, Pew Research Center observed ...Read more

Consumer Confidential: Trump's pick for consumer agency chief has never stood up for consumers

Business / Business News /

President Trump has picked a nominee for director of the Consumer Financial Protection Bureau and, true to form, he's made a bad choice.

Trump this week will nominate Kathy Kraninger, a little-known White House budget official, to serve as the nation's top consumer watchdog.

She has no experience in consumer advocacy, no experience as a ...Read more

Are tiny homes the new American Dream? County fair offers a glimpse

Business / Business News /

It's 2018 and the American Dream looks slightly different. The big house has been replaced with a ... tiny house. The white picket fence is now four wheels. The 2.5 kids are missing and the dog ... OK, the dog is still there and he's probably living a better life than you.

A vision of this new ever-dynamic dream was on display at the Santa ...Read more

Airbnb-style rentals are a growing cash cow for developers and owners

Business / Business News /

South Florida real estate agent Sara Dorfman hit the jackpot this month when she arranged the sale of a multi-unit complex in Fort Lauderdale's Victoria Park for $1.65 million. The chief selling point: The property was set up for vacation home rentals. And the buyer is eager to continue that business.

"We see more investors who are looking to ...Read more

Ford hails Detroit a new 'city of possibility'; residents hopeful, skeptical

Business / Business News /

DETROIT -- As Ford Motor Co. celebrated its return to Detroit with dignitaries and grand plans for the new economy and the future of transportation at Michigan Central Station in Corktown, Alondra Alvarez worried.

She slipped into the train station during a media huddle Tuesday and approached Bill Ford, the great-grandson of Henry Ford, ...Read more

Purdue Pharma axes remaining sales force

Business / Business News /

Purdue Pharma, the Stamford, Conn., drug maker that designed OxyContin to provide pain relief to millions, said Tuesday it has eliminated its remaining sales force as it shifts to cancer and central nervous disorder medications.

It announced in February it reduced its sales force by half and would no longer promote the painkiller to doctors.

"...Read more

Workers at Trump golf course and Terranea resort file lawsuit over 'panic button' ballot measure

Business / Business News /

A petition drive to force the exclusive Terranea Resort and nearby Trump National Golf Club to provide employees with panic buttons and wage increases is now the subject of a lawsuit alleging that the city of Rancho Palos Verdes, Calif., is refusing to put the measure on the ballot.

The Los Angeles County Registrar of Voters certified last week...Read more

Disney agrees to pay $71.3 billion for a swath of Fox, topping Comcast's bid

Business / Business News /

NEW YORK -- Walt Disney Co. and 21st Century Fox struck a new deal Wednesday: Disney agreed to pay $71.3 billion for Fox entertainment assets, surpassing the $65-billion offer from Comcast Corp.

Disney said it amended its original Dec. 21 agreement with Fox in which Disney offered $52.8 billion.

Fox said the amended deal is "superior" to the ...Read more

Tariffs on Chinese goods threaten Southern California ports and could ripple through to consumers

Business / Business News /

LOS ANGELES -- For months, as the Trump administration ratcheted up trade threats -- announcing tariffs on allies and adversaries alike -- business at the nation's largest port complex in San Pedro Bay has hummed along, seemingly oblivious.

Smartphones, clothes and toys flowed in from China. Ceramics and beverages arrived from the European ...Read more

Amazon, J.P. Morgan and Berkshire Hathaway name CEO of joint healthcare venture

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Dr. Atul Gawande, a surgeon and bestselling author, has been named chief executive of a venture sponsored by Amazon.com Inc., J.P. Morgan Chase & Co. and Warren Buffett's Berkshire Hathaway Inc. that aims to bring down those three firms' healthcare costs.

The companies announced the appointment Wednesday and said the new venture, to be based in...Read more

Helpware: A tale of three 'ergonomic' mice

Business / Business News /

Aside from a flickering monitor, there is nothing quite as irksome as a balky mouse. The term "ergonomic" is used freely for mice these days, but decidedly many are not. And those that are truly ergonomic will help protect your hand and wrist from injuries without having to pay an arm and a leg.

I tested three different mice that call ...Read more

Retailers denounce tariffs as 'Trump tax' in escalated response

Business / Business News /

NEW YORK -- The threat from tariffs just got more serious for U.S. retailers and consumer brands, and they're preparing a coordinated and public campaign to confront it.

Companies such as Walmart Inc. and Nike Inc. have so far been spared during President Donald Trump's trade dispute with China. But that's expected to change after the White ...Read more

Fox rift widens as 'Modern Family' co-creator Steve Levitan and others blast news coverage of immigration

Business / Business News /

Civil war has broken out at 21st Century Fox.

The Murdoch family-controlled media conglomerate that has long thrived as a big tent that includes subversive entertainment shows such as "Family Guy" and conservative viewpoints of news commentators such as Sean Hannity is being pulled apart by partisan politics in the age of President Trump.

"...Read more

Disney picks two animation filmmakers to replace John Lasseter

Business / Business News /

Walt Disney Co. has named two acclaimed animation filmmakers to lead its key Walt Disney and Pixar animation studios after the departure of top creative executive John Lasseter.

Jennifer Lee, who co-directed the blockbuster "Frozen" for Disney Animation, and Pete Docter, the writer-director behind Pixar's "Inside Out" and "Up," will become ...Read more

Twin Cities Flower Exchange hopes consumers will embrace 'field-to-vase' movement

Business / Business News /

ST. PAUL, Minn. -- Five years ago, Christine Hoffman struggled to get a reliable supply of locally grown and chemical-free flowers to sell at her St. Paul store, Foxglove Market and Studio.

At the time, just two flower farmers in Minnesota and Wisconsin were using the kind of earth-friendly practices she promoted exclusively. But whenever the ...Read more

'Close to a peak' U.S. growth at risk on trade threats, housing

Business / Business News /

WASHINGTON -- The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.

The housing market is struggling to build on its progress thanks to supply constraints and soaring property values, with data Tuesday showing an unexpectedly large drop in construction ...Read more

Food recalls explained: Why it seems like food contamination is on the rise

Business / Business News /

From eggs to Honey Smacks and pre-cut melon, the food products recalled during the past few weeks could make shoppers queasy with worry about whether what they've just picked up from the grocery store is riddled with potentially harmful pathogens.

This year, salmonella has been the headliner, with the Centers for Disease Control and Prevention ...Read more

Tech Q&A: How to avoid browser hijacking

Business / Business News /

Q: I read that I could get better protection against hackers by switching to an independent internet connection service, such as Google Public DNS, Cloudflare or Quad9. What do you think?

-- Bob Lommel, Minnetonka, Minn.

A: There are some security benefits, but they fall short of what's needed.

The hacking you refer to (called DNS hijacking) ...Read more

 

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