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Stories tagged: national-business

Elon Musk: Tweet that cost $20 million was ‘worth it’

Elon Musk, Tesla’s chief executive and author of one of the world’s most expensive weed jokes, has said a tweet that got him sued by the Securities and Exchange Commission …

IBM set to acquire North Carolina-based Red Hat in $34B deal

IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant’s chief executive says will advance …

UPDATED: Sun., Oct. 28, 2018, 9:22 p.m.

U.S. shoppers may pay a high price for America’s reliance on China’s products

U.S. companies are scrambling to line up factories and suppliers outside of China as the trade war hikes the cost of importing everything from furniture to toilet paper. But for …

UPDATED: Sun., Oct. 28, 2018, 9:53 p.m.

Warby Parker is coming to a suburban mall near you

Stiffening competition, surging online advertising costs and cheap mall space have prompted so-called digital natives like Warby Parker, Bonobos and Casper to embrace what they call “offline” in a big …

Commentary: Netflix’s firing culture works for Netflix

Do you know the story of Patty McCord, Netflix’s original human relations chief? It’s legendary, and worth recounting in the wake of Thursday’s Wall Street Journal story on the company’s …

Alaska Air’s quarterly profit falls but management insists better results lie ahead

Alaska Air Group’s third-quarter profit dropped 16 percent compared to a year ago as the cost of fuel rose sharply and employee-wage increases kicked in while fares remained low.

Buckle up: Wall Street volatility is back with a vengeance

If you’re an investor who was lulled to sleep by the stock market’s calm, steady gains this summer, you’re wide awake by now.

UPDATED: Thu., Oct. 25, 2018, 4:09 p.m.

Megyn Kelly absent from show following blackface comments

Megyn Kelly was absent from her NBC News morning show on Thursday following this week’s controversy over her comments about blackface, amid indications that her time at the network could …

U.S. durable goods orders edged up modest 0.8 percent

Orders to U.S. factories for big-ticket manufactured goods slowed significantly in September, while a key category that tracks business investment fell for a second straight month.

High fuel costs cut sharply into American Airlines profit

Higher fuel costs slashed third-quarter profit at American Airlines by nearly half, and the company said it will respond by growing more slowly and cutting unprofitable flights.

New York sues ExxonMobil, accusing it of deceiving investors about climate change risks

New York Attorney General Barbara Underwood sued ExxonMobil on Wednesday, accusing the oil giant of defrauding investors about the financial risks of climate change and lying about how it was …

Campbell executive who touted migrant conspiracy is departing

The Campbell Soup Co. executive who came under fire after spreading a conspiracy theory about investor George Soros on Twitter had previously been planning to leave the company and will …

Boeing tops all expectations on strong defense spending

Boeing breezed past almost all expectations for the third quarter and raised its outlook for the year on burgeoning defense spending.

UPDATED: Thu., Oct. 25, 2018, 2:21 p.m.

Walmart makes improvements to third-party marketplace

Walmart says it will work with third-party sellers to make millions of items available for free two-day shipping on orders over $35.

MoviePass to be jettisoned by parent company

MoviePass, the struggling discount movie ticket subscription service, is being spun off by the company that owns it.

BMW to recall 1.6 million vehicles worldwide over fire risk

Automaker BMW says it is expanding a recall to cover 1.6 million vehicles worldwide due to possible fluid leaks that could result in a fire.

Desperate & duped? GoFundMe means big bucks for dubious care

People seeking dubious, potentially harmful treatment for cancer and other ailments raised nearly $7 million over two years from crowdfunding sites, a study found.

UPDATED: Mon., Oct. 22, 2018, 4:16 p.m.

Linde, Praxair win U.S. antitrust nod to create gas giant

Linde and Praxair won approval from the U.S. antitrust enforcers for their $46 billion merger, paving the way for the companies’ two-year bid to create the world’s largest supplier of …

HomeStreet: 3Q Earnings Snapshot

HomeStreet Inc. on Monday reported third-quarter net income of $11.8 million. The Seattle-based company said it had profit of 44 cents per share.

U.S. consumer spending up inflation-adjusted 0.3 percent

U.S. consumer spending rose in September by a solid, inflation-adjusted 0.3 percent, led by increased spending on health care services and motor vehicles.

UPDATED: Mon., Oct. 22, 2018, 1:40 p.m.

Hasbro, trying to find footing, posts weak 3Q

Hasbro, wrestling with the demise of Toys R Us and elusive shoppers spending a lot more on high-tech gadgets, fell well short of third-quarter expectations Monday.

Selling a legacy: Food companies seek to boot their dated brands

As consumers increasingly lean toward fruits, vegetables, grains and meats unsullied by preservatives and sweeteners, food makers including J.M. Smucker, General Mills and Conagra Brands are looking to reshape portfolios …

UPDATED: Sun., Oct. 21, 2018, 7:09 p.m.

The dirt on clean electric cars

Beneath the hoods of millions of the clean electric cars rolling onto the world’s roads in the next few years will be a dirty battery.

UPDATED: Fri., Oct. 19, 2018, 5:51 p.m.

U.S. home sales fell in September to slowest pace in three years

U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy.

UPDATED: Thu., Oct. 18, 2018, 4:01 p.m.

Why Amazon Prime memberships might be waning

Amazon Prime memberships – the main engine behind the retailer’s online dominance – may be starting to step off the gas.

UPDATED: Thu., Oct. 18, 2018, 6:04 p.m.

Former Microsoft director indicted on embezzlement charges

Federal prosecutors have charged a former Microsoft sports marketing director with five counts of wire fraud, accusing him of attempting to embezzle $1.5 million from the company and using his …

UPDATED: Thu., Oct. 18, 2018, 4:32 p.m.

Starbucks selling stores, closing office in Europe

Starbucks is restructuring its European operations after several years of slowing sales.

UPDATED: Thu., Oct. 18, 2018, 4:45 p.m.

MoviePass operations under investigation by New York AG

The company that runs the beleaguered MoviePass discount service for theater tickets is being investigated by the New York Attorney General on allegations that it misled investors.

UPDATED: Wed., Oct. 17, 2018, 5:48 p.m.

Tesla secures land in Shanghai for first factory outside U.S.

Electric auto brand Tesla Inc. said it signed an agreement Wednesday to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite mounting …

Netflix shares jump 6 percent on strong subscriber growth

Netflix shares jumped 6 percent in early trading after the company reported a big increase in subscribers.