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Your Office Coach: Don't overstep authority in hiring decisions

Business / Business News /

Q: My boss and I have had a disagreement about hiring a new staff member. When a position recently opened in my department, I suggested that we fill it by transferring a woman from another department. "Tracy" is a long-term employee who has a good work record.

Although my manager initially agreed, she changed her mind the next day and said she ...Read more

Liz Reyer: If you think you're networking too much, analyze the results

Business / Business News /

Q: It seems like a lot of people don't like networking, but I have the opposite problem; I really enjoy it and think I spend too much time on it. Do you have suggestions for achieving a balance?

--Mona, 44, marketing manager

A: Manage your activities so that you're intentional about how you spend your time.

It's really easy to spend too much ...Read more

Diane Stafford: How one boss tries to improve his employees' work-life balance

Business / Business News /

Rob Freeman got all kinds of pushback when he suggested an internal policy to ban after-hours emails between employees at Tradewind Energy.

"People didn't like the idea because they saw a negative effect on their flexibility -- of being able to work when they wanted to work," said the CEO of the Kansas company that develops large-scale wind and...Read more

Rex Huppke: Freelance workers and entrepreneurs need clarity on Obamacare replacement

Business / Business News /

The Affordable Care Act and working people are linked in ways that are often overlooked. But with the health care law likely to be repealed by a Republican-controlled Congress under President Donald "Obamacare is a Disaster" Trump, it's worth looking at -- and caring about -- the worry and confusion many workers now endure.

Whatever your ...Read more

Workplace lawsuits could rise under Trump, but Supreme Court still a wild card

Business / Business News /

CHICAGO -- Workplace lawsuits targeting employers' pay practices have been on the rise for years, some yielding massive settlements, but a major Supreme Court decision expected this year could reverse that trend if the justices allow companies to use arbitration agreements that prohibit class actions.

The Supreme Court recently accepted for ...Read more

Airline unions wary of more competition hope for an ally in President Trump

Business / Business News /

WASHINGTON -- A slew of labor unions representing some of America's largest airlines plan to picket the White House in hopes that a populist-oriented President Donald Trump will take their side in a dispute with a European rival.

The union for Southwest Airlines pilots will hold a rally on Tuesday in hopes of preventing Norwegian Air's ...Read more

Trump's killing of Trans-Pacific trade pact could leave West Coast, farmers hurting

Business / Business News /

WASHINGTON -- Donald Trump's withdrawal of the United States from the proposed Trans-Pacific Partnership trade deal could hit states hard that are highly dependent on trade with Asia, primarily on the West Coast.

In announcing his move Monday, Trump said he was taking the step to protect American jobs. But a variety of groups disputed that.

...Read more

Analysis: Trump moves quickly in bid to revamp America's trade policy

Business / Business News /

WASHINGTON -- It was quick and easy for President Donald Trump to fulfill his campaign promise to withdraw from the Trans-Pacific Partnership.

With a stroke of his new presidential pen, he buried the massive Pacific free-trade agreement that the Obama administration had painstakingly negotiated, even though the 12-nation accord had been ...Read more

Mnuchin says excessively strong dollar may hurt US economy

Business / Business News /

WASHINGTON -- U.S. Treasury Secretary nominee Steven Mnuchin said an "excessively strong dollar" could have a negative short-term effect on the economy.

"The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America," Mnuchin said in written responses, ...Read more

Old Detroit Free Press building to be turned into offices, retail, residences

Business / Business News /

DETROIT -- Aides of businessman Dan Gilbert unveiled an ambitious plan Monday to remake the long-vacant Detroit Free Press building into a mixed-use development of retail, office space and residential units.

In an exclusive Free Press tour of the building Monday, Gilbert's team said reconstruction could begin in the second quarter and take two ...Read more

Trump names FCC Commissioner Ajit Pai, a net neutrality foe, to be the agency's chairman

Business / Business News /

WASHINGTON -- President Trump on Monday designated Ajit Pai, a Republican member of the Federal Communications Commission and an outspoken opponent of new net neutrality rules, to be the agency's new chairman.

Pai, 44, would take over for Tom Wheeler, a Democrat who stepped down on Friday. Wheeler's term had not expired but Trump gets to ...Read more

Amazon launches literary contest for self-published authors in UK

Business / Business News /

SEATTLE -- Amazon.com on Monday launched a new literary award for English-language authors releasing their works on the company's self-publishing platform in the U.K.

The move seems geared to infusing prestige and drawing new writers to the world of self-publishing, a rapidly expanding but chaotic universe where it's often hard for readers to ...Read more

Yahoo's Verizon sale delayed, as CEO Marissa Mayer 'incredibly proud' of latest financials

Business / Business News /

SUNNYVALE, Calif. -- Yahoo's beleaguered CEO Marissa Mayer on Monday said she was "very pleased" with last quarter's financial results, as the firm announced its multibillion-dollar sale to Verizon has been delayed.

Yahoo beat Wall Street's expectations for both the fourth quarter of 2016 and the year as a whole. The troubled firm reported $1.5...Read more

Pep Boys buys Just Brakes store chain, plans more deals

Business / Business News /

PHILADELPHIA -- Pep Boys, the Philadelphia-based auto-parts and repair store chain purchased for $1 billion last winter by investor Carl Icahn, said on Monday it has acquired the 27-year-old Just Brakes store chain and its 134 stores in Dallas, Atlanta and 12 other metro markets for an undisclosed price.

Just Brakes stores will be converted ...Read more

President Trump to meet with CEOs of Detroit automakers

Business / Business News /

WASHINGTON -- President Donald Trump will meet with the CEOs of Detroit's three automakers Tuesday morning to discuss job creation.

At his first full press briefing Monday, new White House press secretary Sean Spicer made note of Trump's plans to hold a breakfast meeting with representatives of Fiat Chrysler, Ford Motor Co. and General Motors. ...Read more

Federal judge blocks merger of Aetna and Humana

Business / Business News /

HARTFORD, Conn. -- A federal judge Monday blocked Aetna's $37 billion bid to take over rival Humana, saying the merger would weaken competition and harm consumers in hundreds of counties where the two insurance giants compete.

U.S. District Judge John Bates sided with the U.S. Department of Justice and several states that sued to block the deal...Read more

Tidal announces partnership with Sprint

Business / Business News /

Jay Z's artist-owned streaming service, Tidal, and Sprint announced a new partnership on Monday that will give the company's 45 million customers unlimited access to Tidal, including exclusive content.

In the deal, the telecommunications company acquired a 33 percent stake in Tidal; Sprint CEO Marcelo Claure will join Tidal's board of directors...Read more

Trump's team suspends a mortgage insurance rate cut. Here's what that means

Business / Business News /

On Friday, the Trump administration suspended a pending rate cut to FHA mortgage insurance that the outgoing Obama administration announced just a week earlier.

The decision to indefinitely suspend the planned cut was one of the new administration's first acts. As a result, a decision over insurance premiums for home loans backed by the federal...Read more

McDonald's fourth-quarter sales hurt by sluggish traffic, all-day breakfast

Business / Business News /

CHICAGO -- McDonald's said Monday its fourth-quarter earnings slipped and a key sales metric fell in the U.S., as the world's largest burger chain wasn't able to draw more customers into its restaurants and sales gains from all-day breakfast slowed.

The company, headquartered in suburban Chicago, earned $1.19 billion, or $1.44 per share, ...Read more

Sprint acquires stake in Jay Z's music streaming service Tidal

Business / Business News /

KANSAS CITY, Mo. -- Sprint Corp. announced Monday that it has acquired a 33 percent stake in Jay Z's music streaming service Tidal.

The partnership will give Sprint's 45 million retail customers unlimited access to content made by artists on Tidal.

Jay Z and the artist-owners will continue to run the streaming service. Marcelo Claure, Sprint's...Read more