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Company owned by Chinese government awarded another contract at a Trump development
WASHINGTON -- A major construction company owned by the Chinese government was awarded another contract this week to work on the Trump golf club development in Dubai, further raising questions about potential conflicts of ...Read more
Microsoft may be aiming for Amazon with cashier-less shopping technology
SEATTLE -- Microsoft may be gearing up to challenge Amazon on its home turf -- the world of retail shopping -- by developing cashier-less technology for grocery stores.
Six people told Reuters news service that the ...Read more
The Mortgage Professor: Refinancing in a time of rising rates and property values, part 2
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 ...Read more
Corktown: Will Ford's move transform inner-city neighborhood, and with it Detroit?
DETROIT -- In 1979, Jerry Esters was working on the roof of a property he had inherited from his father in North Corktown when he had an epiphany: He could see downtown. First the train station, then the downtown skyline. ...Read more
Reading the room
Just because there's a degree from Harvard Business School on my resume doesn't mean I'm a snob. It also doesn't mean I went to Harvard Business School, but that's another story.
I did read a recent issue of Harvard ...Read more
Me Thinks He Doth Protest Too Much
Q: The problem is that I do not know what I want to do when I grow up. I have been in recruiting for 17 years and feel burned out. This has caused my family situation to be challenging for me. Five years ago my wonderful ...Read more
Real estate Q&A: Should I rely on lender-placed insurance or get my own?
Q: We have let our mortgage lender choose our hazard insurance for our home. Although it was more expensive, we figured that if our lender picked it, then it must be great coverage. A friend just told me this is not the ...Read more
Graduating to your own car? Safety features are key
More than 50 years ago, a certain graduate in an Italian roadster made a cross-country race against time, love and impending adulthood. Though Alfa Romeo has returned to the U.S. and "The Graduate" is still a classic, a ...Read more
E3 expo highlights virtual reality's never-ending challenge: to get real
LOS ANGELES -- When Elizabeth Ching took off her headset, she was panting.
She had just finished playing a new virtual reality boxing game called "Creed: Rise to Glory" at E3, the nation's biggest video game convention, ...Read more
High cost of housing drives up homeless rates, UCLA study indicates
Sky-high housing costs are a significant factor behind California's homeless crisis, according to a new analysis from UCLA.
In a study contained in the latest UCLA Anderson Forecast, released Wednesday, UCLA found that ...Read more
Consumer Confidential: Does this dog look like a Saint Bernard? The questionable business of home DNA tests
A DNA test found that I'm 72.3 percent of Ashkenazi Jewish descent, thanks to ancestors from Ukraine. I expected as much.
It also determined that I'm 11.3 percent Scandinavian, 7.8 percent Spanish or Portuguese, and 3.1 ...Read more
Chicago taps Elon Musk's company to build high-speed tunnels that would tie Loop with O'Hare
CHICAGO -- Autonomous 16-passenger vehicles would zip back and forth at speeds exceeding 100 mph in tunnels between the Loop and O'Hare International Airport under a high-speed transit proposal being negotiated between ...Read more
General Motors names Suryadevara as company's first female CFO
DETROIT -- General Motors Co. will have a new CFO this fall, the first woman to fill the role.
Dhivya Suryadevara, 39, will become CFO effective Sept. 1. She succeeds Chuck Stevens, 58, who will retire March 1, 2019. ...Read more
Comcast makes hostile $65B bid for Fox, seeking to oust Disney
It's game on.
Comcast Corp made a $65 billion cash offer for the Fox assets that Rupert Murdoch-controlled 21st Century Fox is selling to the Walt Disney Co. -- setting up what may be a punishing takeover battle between ...Read more
UnitedHealth Group buys into hearing aid benefits
UnitedHealth Group is pushing further into the hearing aid business by purchasing the subsidiary of a Swiss hearing aid manufacturer that manages insurance benefits for the devices.
The Minnetonka, Minn.-based health care...Read more
Regulator found 20,000 bad accounts at major banks. We still don't know which ones
The nation's top bank regulator told members of Congress on Wednesday that his agency found about 20,000 accounts that may have been opened without customers' authorization or had other problems during a review of the ...Read more
Comcast bids $65 billion for Fox assets, challenging Disney's offer
The Fox hunt is on.
Comcast Corp. late Wednesday offered $65 billion for much of 21st Century Fox, a 19 percent premium over the December offer from Walt Disney Co., which Fox Chairman Rupert Murdoch had already accepted....Read more
AT&T-Time Warner ruling gives a green light to media companies to consolidate
Tuesday's landmark AT&T-Time Warner merger ruling could reverberate for years to come by turning the media industry into a land of fewer giants.
U.S. District Judge Richard Leon decided that AT&T could complete its $85.4-...Read more
Fed raises interest rates and predicts faster pace of future increases
WASHINGTON -- The Federal Reserve, seeing a quickening of economic growth and inflation, announced Wednesday it was raising interest rates for the second time this year -- and signaled a faster pace of rate increases in ...Read more
Salesforce to put $2.5 billion into building up its British business
Salesforce is opening up its checkbook, this time to the amount of $2.5 billion.
And those dollars will soon come emblazoned with the face of Queen Elizabeth II, as that $2.5 billion (or, about 1.87 billion in British ...Read more
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