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Hollywood is again bracing for a writers' strike. Here's what's different

Business / Business News /

At the Television Critics Association gathering in Pasadena, Calif., earlier this month, NBC Entertainment Chairman Paul Telegdy reflected on a subject many of his peers wished to avoid: the prospect of reliving another writers' strike.

"So far we've been told that we should be cautious, as always, but that a strike is something we will always ...Read more

A new battleground in the web browser wars: Privacy

Business / Business News /

Google announced a massive shift last week in how it handles cookies, those pesky digital trackers that chase us around the internet and serve up targeted ads that are both creepy yet eerily precise reflections of our wants. The search giant, which just helped Alphabet Inc. surpass a $1 trillion valuation, said it will eventually stop supporting...Read more

Philadelphia startup GoPuff, founded by Drexel grads, raises $1 billion

Business / Business News /

GoBrands, the Philadelphia-based delivery company that wants its GoPuff warehouse and delivery service to replace student runs to Wawa, beer and CBD stores, has raised $750 million plus a pledge of $250 million more if it does well this year, according to two people close to the company.

The investment round was led by the Japanese-run, Saudi ...Read more

Will Vanguard take up BlackRock's climate risk challenge?

Business / Business News /

BlackRock CEO Larry Fink last week threw down the gauntlet to Wall Street, pledging that the world's largest asset manager will lead the way in shareholder activism and demand climate change and environmental risk analysis from corporate America.

How will its fiercest competitor, Vanguard, respond? By sticking to its current strategy.

"We've ...Read more

Here's the fallout from UAW's 40-day strike against General Motors

Business / Business News /

DETROIT -- No one wins in a strike.

That's the conclusion of the Center for Automotive Research (CAR) in Ann Arbor after it analyzed the UAW's nationwide strike against GM and the four-year contract that resulted.

Union members got higher wages and kept their health care coverage and cost structure along with other wins. But they did not get ...Read more

Carla Fried: How to navigate the high cost of becoming a caregiver

Business / Business News /

If you have yet to step into the role of caregiver, there's a good chance it may be in your future. A 2017 joint survey by Merrill Lynch and Age Wave estimated that 40 million Americans have already served as a caregiver. With the advancing age of baby boomers, 20 million more are expected to join the caregiving ranks each year.

While ...Read more

Does artificial intelligence need regulation? 'No question' says Alphabet CEO Sundar Pichai

Business / Business News /

With several Bay Area cities moving to stop the use of facial recognition technology, the chief executive of one of the area's tech giants has come out in favor of stricter, and more widespread regulation of such types of artificial intelligence technologies.

Alphabet CEO Sundar Pichai said there is "no question" that AI needs more regulation ...Read more

Free markets made Davos. Now governments are crashing the party

Business / Business News /

WASHINGTON -- In a memorable exchange at Davos last year, tech billionaire Michael Dell was explaining how higher taxes on the rich had never done much good anywhere, when he was contradicted. Actually, said Erik Brynjolfsson, a professor at the Massachusetts Institute of Technology, they'd worked pretty well within living memory in his own ...Read more

Weinstein trial is a milestone for #MeToo and a moment of wrenching truth for survivors

Business / Business News /

LOS ANGELES -- For the past two years, Louise Godbold has been living in a state of heightened tension.

In interview after interview, the former commercial producer has shared what she said happened to her 29 years ago in an empty New York meeting room with Hollywood producer Harvey Weinstein, and then again at the Beverley Hills Hotel. Each ...Read more

Box office: 'Bad Boys for Life' opens at No. 1, 'Dolittle' falters in 2nd

Business / Business News /

LOS ANGELES -- This weekend at the box office, old things were made new again as Sony released its long-delayed "Bad Boys" sequel and Universal sought to introduce a younger audience to the classic Dr. Dolittle character.

In first place, "Bad Boys for Life" opened with an impressive $59.2 million and an estimated $68.1 million through the ...Read more

Seniors' sweet tax breaks have become a target

Business / Business News /

As Americans begin the challenge of filling out their tax returns this year, one taxpayer demographic generally pays less than others: senior citizens.

Tax breaks for seniors cost states approximately $27 billion a year and will more than double in the next decade, according to a recent study from the progressive Center on Budget and Policy ...Read more

Budget Shangri-La: How discount chain Aldi is giving those fancy grocery stores a run for their money

Business / Business News /

For years, Amber Walker held a dim view of Aldi, the discount grocer whose U.S. headquarters sit just a mile from her home in Batavia, Ill.

She associated it with dented 10-cent cans and no-name brands. She did not understand why, of all things, it also sold hammocks.

But Walker's negative perception swiftly changed after her first visit to ...Read more

New Star Wars ride at Disneyland reaches capacity within minutes

Business / Business News /

On the day it debuted at Disneyland, the Rise of the Resistance ride reached capacity almost immediately Friday morning, sparking celebration by those lucky park visitors who secured spots on the Star Wars-themed attraction and protests from those who were left out.

Expecting huge demand for the high-tech, immersive ride, Disneyland required ...Read more

Trump inked a deal with China. California is still sorting out the implications

Business / Business News /

The list of Chinese goods Trump imposed tariffs on since launching a trade war two years ago seems like it runs forever: catfish, bird eggs, natural sponges, pearl onions, mushrooms, chestnuts, copper springs, tungsten wire, thermometer parts. These are just a few.

"It's mind-boggling to go down the list," said Jock O'Connell, international ...Read more

Consumer Confidential: Can California force companies to better protect customers? Former CFPB head has hope

Business / Business News /

Richard Cordray, appointed by then-President Obama in 2011 as the first director of the Consumer Financial Protection Bureau, thinks California is on the right track in creating its own watchdog agency.

"This is a commendably bold step," he told me. "It will put California at the forefront of consumer financial protection at the state level."

...Read more

Judge threatens to order PG&E to hire more tree trimmers for California wildfire safety

Business / Business News /

The federal judge overseeing PG&E Corp.'s criminal probation is considering ordering the beleaguered utility to order more tree trimmers in a move designed to enhance wildfire safety.

U.S. District Judge William Alsup late Thursday told PG&E to explain why it's still struggling to remove hazardous trees and limbs that could brush up against ...Read more

New software flaw could further delay Boeing's 737 Max

Business / Business News /

Boeing Co. has identified a new software flaw in the grounded 737 Max that will require additional work, possibly further delaying the plane's return to service.

The company alerted the U.S. Federal Aviation Administration and is notifying customers and its suppliers, it said in an emailed statement. Boeing's best-selling jet was grounded on ...Read more

Banks that shun risky borrowers offer rosy view of US consumer

Business / Business News /

NEW YORK -- With most U.S. households spending more and paying their bills on time, their creditors are feeling more confident than ever. To hear the CEOs of the nation's largest banks tell it this week, rarely has the American consumer been in better shape.

But look deeper and it's clear that view of the broad U.S. economy has its limits. They...Read more

White House considers changes to law banning overseas bribes

Business / Business News /

WASHINGTON -- President Donald Trump's administration is weighing whether to seek changes to a 1977 law that makes it illegal for U.S. companies to bribe foreign officials.

"We are looking at it," White House Economic Adviser Larry Kudlow said at the White House on Friday, in response to a reporter's question about the Foreign Corrupt Practices...Read more

Trump bailout means farmers emerge optimistic from trade war

Business / Business News /

WASHINGTON -- Donald Trump is boasting that he's made farmers "really happy." He's not wrong, but it's not just the trade deal that's left farmers optimistic for 2020.

Analysts are saying the accord signed this week mostly just takes trade back to normal for American agriculture. China has committed to $32 billion in additional purchases over ...Read more