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Foxconn announces $10 billion investment in Wisconsin and up to 13,000 jobs

Business / Business News /

Foxconn Technology Group announced at the White House Wednesday its plans to invest $10 billion to build a massive display panel plant in Wisconsin that could employ up to 13,000 workers but would require up to $3 billion in subsidies from state taxpayers.

"This is a great day for American workers and manufacturers and everyone who believes in ...Read more

Ford profits increase 4 percent to $2 billion for second quarter

Business / Business News /

DETROIT -- Ford said Wednesday it earned a profit of $2 billion during the second quarter, a 4 percent increase from the same period a year ago as profits from the company's North American region helped it record better-than-expected results.

In North America, the Dearborn, Mich., automaker is still churning out profits thanks in part to its ...Read more

Facebook's revenue and earnings climb in second quarter

Business / Business News /

MENLO PARK, Calif. -- Facebook isn't having any trouble selling itself to advertisers.

Fueled by mobile ad dollars, the tech firm reported second-quarter earnings and revenue on Wednesday that beat Wall Street's expectations.

"Many people have been expecting that Facebook's revenue growth would start to decline because the News Feed is running...Read more

Fed leaves interest rates unchanged amid concerns about low inflation

Business / Business News /

WASHINGTON -- The Federal Reserve left interest rates unchanged Wednesday and conveyed a tad more concern about recent inflation trends, clouding the prospects for when the next rate hike might come.

At the same time, the central bank said after its two-day meeting that U.S. economic conditions looked good, with job growth solid and consumer ...Read more

Amazon seeks to fill 50,000 warehouse jobs

Business / Business News /

SEATTLE -- Amazon.com says it will hold a giant, multisite job fair on Aug. 2 to help fill some of the 50,000 jobs open across its U.S. network of fulfillment centers.

The e-commerce giant, based in Seattle, says that on the occasion it calls "Jobs Day," it will welcome applicants at 10 of its warehouses. Amazon says it will make "thousands" of...Read more

New version of Coca-Cola Zero to hit US shelves next month

Business / Business News /

ATLANTA -- Coca-Cola said it is rolling out a new recipe, name and look in North America to replace one of its most successful products -- Coca-Cola Zero.

The Atlanta beverage giant announced the new version during its second-quarter earnings report. It will be called Coca-Cola Zero Sugar. The new cans and bottles, to roll out in August, will ...Read more

Jennifer Van Grove: Hulu's live TV service now on Amazon devices

Business / Business News /

When Hulu's live TV service first launched, I was, to put it nicely, underwhelmed. There were some pretty colors and a few intriguing design choices, but there were so many shortcomings.

The biggest, of course, was that you couldn't use Hulu with Live TV on the two most popular streaming platforms around: Roku and Amazon.

Last week, Hulu has ...Read more

Tech Q&A: Settings change in Windows 7 causes external drive to disappear

Business / Business News /

Q: I think I accidentally changed something in my Windows 7 PC's advanced settings, and now the PC's directory can't see my external hard drive. I can't restore my computer to an earlier date because it can't see the external hard drive on which I backed everything up. What should I do?

--Pierre Girard, Golden Valley, Minn.

A: First, let's ...Read more

Trump says Apple has plans to build 3 US factories; Apple doesn't comment

Business / Business News /

President Donald Trump said Apple Inc. has committed to build three "big" manufacturing plants in the U.S., a move that would represent a major change in strategy for the world's most valuable company and boost the White House's long-held promise to return overseas factory jobs to America.

Trump told the Wall Street Journal on Tuesday that ...Read more

House votes to kill new bank arbitration rule in blow to federal consumer agency

Business / Business News /

A new federal regulation that would make it easier for Americans to bring class-action lawsuits against banks and other financial institutions might be scrapped before it ever takes effect.

Republican lawmakers had vowed to kill the rule, released by the Consumer Financial Protection Bureau just two weeks ago, and took the first step toward ...Read more

Musk, Zuckerberg clash over future of artificial intelligence

Business / Business News /

Two of the technology industry's most powerful leaders are at odds when it comes to artificial intelligence.

Tesla Motors CEO Elon Musk has a pessimistic view of the risks associated with such technology. "I keep sounding the alarm bell," Musk told the National Governors Association in June. "But until people see robots going down the street ...Read more

Uber's latest bid to win over drivers: 24/7 phone support

Business / Business News /

SAN FRANCISCO -- Uber added a 24-hour phone help line and a slew of new features and policy changes Tuesday in an attempt to appease drivers, who have long complained the San Francisco ride-hailing company doesn't do enough to support them.

The move is part of what Uber is calling its "180 Days of Change" -- a campaign launched after a string ...Read more

McDonald's $5 burgers, cheap drinks bring customers back from rivals

Business / Business News /

CHICAGO -- McDonald's fancy $5 burgers are proving to be a hit with the $1 menu crowd.

The world's largest burger chain on Tuesday reported a 28 percent jump in second-quarter profit, thanks to sales of its new Signature Crafted line of burgers and $1 drink promotion. McDonald's shares jumped on the news, climbing $7.22, or 4.8 percent, to ...Read more

GM profit falls 42 percent in second quarter after sale of European operations

Business / Business News /

DETROIT -- General Motors said Tuesday it had earned a profit of $1.7 billion during the second quarter, a 42 percent decline compared with the same period a year ago that was mostly caused by the decision to sell its European operations and exit other global markets.

Last year, the automaker earned a profit of $2.9 billion, a record, as U.S. ...Read more

3M misses expectations even as 2Q profits surge

Business / Business News /

MINNEAPOLIS -- With gains from divestitures and surprising growth from a once-troubled electronics unit, 3M Co. saw second-quarter profits grow more than 20 percent, prompting officials to boost their guidance for the year.

Still, results missed expectations, and the company's stock lost 5 percent of its value on Tuesday.

The maker of Scotch ...Read more

VW exec to plead guilty in diesel emissions cheating scandal

Business / Business News /

DETROIT -- A Volkswagen official at the heart of the German automaker's wide-ranging diesel emissions cheating scandal plans to plead guilty in the case.

"Prosecutors and lawyers in the Volkswagen AG criminal case informed U.S. District Judge Sean Cox this morning that defendant Oliver Schmidt has decided to plead guilty," said a Tuesday ...Read more

Tourism lifts Cuban economy but overall outlook is cloudy

Business / Business News /

MIAMI -- Cuba's historic cities, vibrant culture and sandy beaches were the star performers of the economy in the first half of the year, pulling in 23.2 percent more visitors than in the first six months of 2016.

But other areas of the economy limped along and failed to meet government targets, according to Cuban officials.

Tourism helped ...Read more

Helpware: Burn CDs, and do plenty more, with Toast

Business / Business News /

If you've ever burned files to a CD or DVD using your Mac, you've probably used Roxio Toast. The latest version is called Toast Titanium.

With an updated drag-and-drop interface, Toast still burns files. But more importantly, you'll find it's the missing link between shooting digital films and your heavy-duty video-editing software.

It can ...Read more

Liz Reyer: Too many retirement options? How to make a good choice

Business / Business News /

Q: I'm feeling stuck from having too many choices! I just determined that I'm in a financial position to retire. I still like working and I could stay at my current employer full- or part-time or pursue consulting or teaching opportunities. Or I could go to 100 percent retirement. How do I make the right choice?

-- Peter, 63, vice president

A:...Read more

Your Office Coach: After an acquisition, embrace change

Business / Business News /

Q: After our small company was acquired by a large corporation, everything seemed to change. As the office manager, I have always taken care of administrative duties like payroll, personnel, meeting planning and so forth. But ever since the acquisition, things that should be handled by me are now being sent to my new manager.

My boss doesn't ...Read more

 

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