Business | page 10

TUESDAY, JULY 12, 2016

Feds seek Autopilot data from Tesla in crash probe

DETROIT – Federal safety investigators are asking electric car maker Tesla Motors for details on how its Autopilot system works and why it failed to detect a tractor trailer that crossed its path in a Florida crash. The agency is investigating the May 7 crash in Williston, Florida, that killed 40-year-old Joshua Brown, of Canton, Ohio.

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MONDAY, JULY 11, 2016

Starbucks workers prepare coffee using siphon vacuum coffee makers at a station in the lobby of the coffee company’s annual shareholders meeting in Seattle on March 23, 2016. (Ted S. Warren / Associated Press)

Starbucks to increase base pay of workers in October 

NEW YORK – Starbucks is boosting the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more. In a letter sent to workers Monday, CEO Howard Schultz said that the amount of the raise – which will occur in October– will be determined by geographic and market factors. Starbucks doesn’t disclose specifics on starting salaries for employees, saying it’s determined on a market by market basis.

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Boeing, Airbus offer rosy outlooks for aircraft demand

Boeing and Airbus offered upbeat forecasts Monday for the aircraft market over the next 20 years, trying to tamp down worries that a long boom in plane-making could be ending. In the first big deal announced at the show, Britain is buying nine new Boeing P-8A Poseidon military aircraft. Defense Secretary Michael Fallon said the plane, which is based on the civilian Boeing 737, will help protect Britain’s Trident nuclear submarines and aircraft carriers.

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In this July 1, 2016, photo, Philip Diehl holds a 1-ounce gold coin at his office in Austin, Texas. Safety is a big draw since the shocking British vote to leave the European Union, sending gold prices soaring. (Eric Gay / Associated Press)

Beware of scary Brexit headlines pushing you to buy gold

NEW YORK – If you thought the Brexit vote was scary, check out the full page newspaper ad that recently appeared in the New York Times recounting all the horrors in the present tense, as if they were still unfolding: The vote “topples” the British government, “crushes” the pound and “wipes away” billions in stock market wealth. Then came the purpose behind all the panicky prose. “Buy Gold Now!” But before joining the rush, experts warn, beware that assets marketed as conservative and safe bought in a panic can sometimes wallop investors with losses they were trying to avoid.

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SUNDAY, JULY 10, 2016

Ken Marsh has been a Spokane homebuilder for the past 30 years. (Dan Pelle / The Spokesman-Review)

Front & Center: Ken Marsh has built homes and a business with passion and a Skilsaw

Almost three decades ago, an article previewing the annual Spokane Home Show focused on the event’s relatively young participants – in particular, 32-year-old Ken Marsh. Having launched his own company when he was 22, Marsh had survived the economically perilous early ’80s, when mortgage rates peaked at 18 percent, and he looked forward to retiring comfortably by age 47.

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BBB Tip of the Week: “Best of ...” lists may be business scam

There’s a new trend with lists honoring the “Best Small Towns,” “Best Place for Happy Hour” and even “Best Cup of Coffee.” Some of these “best of” lists even send prizes to the destination or business getting the award people and businesses who do exemplarity work in the area. Unfortunately, even fun competitions such as these have attracted scammers hoping to profit from businesses wanting to claim the “Best of” title. In the past few months the Better Business Bureau has received multiple reports from organizations across the country stating they received a suspicious email claiming they won top billing. But in order to claim their prize they were asked to pay up. Fortunately, the email recipients were smart to report the email —as there is no such award.

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Consumer Confidential: Big companies pad their bank accounts instead of passing the savings to consumers

JPMorgan Chase patted itself on the back earlier this year after announcing plans to close hundreds of branches and increasingly shift customer transactions to ATMs and online banking. A deposit involving a human teller, the bank noted, costs it about 65 cents, whereas an ATM deposit costs just 8 cents and using a smartphone app lowers the transaction cost to a mere 3 cents. Chase figures these moves will save the bank about $1.4 billion.

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If payday loans go away, what replaces them? 

NEW YORK (AP) – The lenders who advance poor people money on their paychecks charge exorbitant interest rates that often snare the most vulnerable customers in a cycle of debt, the industry’s critics have long said. Yet even consumer advocates ...

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The Motley Fool: Cleaning up with iRobot

The Motley Fool Take Seeking a growth stock that isn't very overvalued? Check out home-robot maker iRobot (Nasdaq: IRBT). Its first-quarter earnings report released in April was good enough to send shares up 10 percent in a single day.

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FRIDAY, JULY 8, 2016

Copies of the first edition of “The New European” are displayed for sale outside a convenience store after being taken out of a delivery box, in central London, Friday, July 8, 2016. A new newspaper in Britain, it is aimed at the 48 percent of the population who voted to remain in the European Union in last month’s referendum. (Matt Dunham / Associated Press)

Warnings of British economic downturn piling up

LONDON – The warnings are piling up – Britain’s decision to leave the European Union appears to be already hitting the economy. Following the initial market jolts that have, among other things, seen the pound slide to 31-year lows against ...

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Top 20 reasons some here love hot weather

20. Water recreation. 19. Mental illness. 18. Conducive to frolicsome attire. 17. "I feel the need, the need for chlorine." 16. Have AC and enjoy cranking it up. 15. Reminds ...

Pioneer Fire crosses state Highway 21

Here’s a news item from the Associated Press: IDAHO CITY, Idaho (AP) — A southwest Idaho wildfire burning timber in rugged terrain on Thursday crossed a state highway fire officials ...

Wild Card/Thursday — 7.28.16

I listened to part of U.S. Sen. Tim Kaine's speech last night and all of President Barack Obama's. Obama was dealing. He's an amazing orator. But I can't help but ...

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Saving for the future

sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.



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