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Best Buy shares boom upward after strong results

Business / Business News /

MINNEAPOLIS -- Best Buy Co. shares jumped 19 percent, the biggest-one day gain in at least a decade, Tuesday morning after the company reported better-than-expected results in the May-to-July period.

The company's net profit rose 21 percent and its sales showed modest growth where it had expected none. Sales of TVs, appliances, computing, and ...Read more

McDonald's recalls 29 million fitness bands that were in Happy Meals

Business / Business News /

CHICAGO -- McDonald's is recalling 29 million fitness wristbands distributed in Happy Meals after dozens of children reportedly developed skin irritations.

The fast-food giant, headquartered in suburban Chicago, stopped including the "Step-iT" activity wristbands in meals last week after receiving "limited reports" of skin irritations ...Read more

Andrea Tantaros calls Fox News a 'sex-fueled Playboy Mansion-like cult' in lawsuit

Business / Business News /

Cable news host Andrea Tantaros has filed a lawsuit against Fox News, its ousted leader Roger Ailes and its top executives, claiming she was removed from her on-air role in retaliation for making a sexual harassment complaint.

Tantaros, a former co-host of the Fox News daytime program "Outnumbered," has been off the air since April 25. The ...Read more

Trump effort to stoke fear over Boeing laughed off by experts

Business / Business News /

WASHINGTON -- For over a year, Donald Trump has had a message for voters whose livelihood depends on the aircraft industry, specifically aviation giant Boeing -- elect me, or your jobs are moving to China.

Aircraft industry analysts say that claim is unfounded -- "side-splittingly hilarious," in the words of Richard Aboulafia, vice president of...Read more

Diane Stafford: How to find a good career adviser

Business / Business News /

"How do I find a career counselor?"

It's a common question. And, as usual, there isn't a one-size-fits-all answer.

That's partly because the question often comes from parents or grandparents concerned about a younger family member. So to get that out of the way quickly: You don't find one. Your adult child or grandchild does. You can merely ...Read more

Rex Huppke: When getting your head in the clouds is a good thing

Business / Business News /

I saw some clouds the other day.

That's not inherently exciting, I know, but stick with me.

It was a weekend evening and I was grilling on the back porch with the grill lid down and my mind, as usual, was racing.

Life is hectic. I'm sure you can relate.

I'm busy with my kids, with errands and bills and projects and household chores. And I'm ...Read more

Liz Reyer: Starting a new business? Here are basic steps to get started

Business / Business News /

Q: I was laid off recently after about 15 years in my job. I liked my old career, but am taking advantage of this opportunity to start my own business. What should I consider to increase my chances of success?

--Robbi, 48, new entrepreneur

A: That's a lot of change to go through, so make sure you're giving yourself chances to process ...Read more

Your Office Coach: Don't promise promotions to unproven employees

Business / Business News /

Q: I don't know how to tell an employee that she won't be receiving an expected promotion. "Greta" will willingly take on any task but pays no attention to details. We've had many discussions about the errors she makes, yet her work still hasn't improved.

Greta worked here before, and she had the same problem then. I only hired her back because...Read more

Sumner Redstone saga continues as granddaughter challenges Viacom settlement

Business / Business News /

LOS ANGELES -- Sumner Redstone's granddaughter Keryn Redstone did not participate in Viacom's boardroom settlement, and would like an opportunity to weigh in, according to court papers filed Monday morning.

Late last week, Viacom's board approved an agreement with National Amusements Inc., the investment firm that holds Sumner Redstone's and ...Read more

Kobe Bryant, business partner lift veil on investment strategy

Business / Business News /

LOS ANGELES -- Kobe Bryant has been no stranger to China, where he spends big to sponsor youth sports and education programs.

His well-documented efforts led an investor in a Chinese online education startup to reach out to him earlier this year. Two months ago, the basketball legend crossed the Pacific to meet with the company, Vipkid, which ...Read more

Office Depot CEO to retire

Business / Business News /

FORT LAUDERDALE, Fla. -- Three months after a plan to merge with rival Staples failed, Office Depot announced Monday that CEO Roland Smith will retire.

Smith, 61, will leave as CEO -- but stay on as chairman -- when a new top executive is named, expected by the first quarter of 2017, the company said.

The announcement follows the retirement of...Read more

Kanye West pens poem about McDonald's, has intense fry-related feelings

Business / Business News /

CHICAGO -- Kanye West has a complicated relationship with McDonald's french fries.

As part of last week's release of Frank Ocean's new album "Blond" and visual album "Endless," West penned a poem titled "McDonald's Man" for the accompanying "Boys Don't Cry" magazine. The zines were only available at four pop-up shops, one each in the Chicago ...Read more

Pfizer to pay $14 billion for Medivation

Business / Business News /

WASHINGTON -- Pharmaceutical giant Pfizer Inc. is paying $14 billion to buy Medivation Inc., a San Francisco biotech company that sells a high-priced prostate cancer medication discovered by UCLA.

A year's worth of the drug, Xtandi, sells for about $129,000, and the medicine has generated about $2.2 billion in net sales worldwide over the last ...Read more

Moviegoers put the hurt on 'Ben-Hur'

Business / Business News /

LOS ANGELES -- The big-budget reimagining of "Ben-Hur" crashed and burned at the box office, weighing in as one of the biggest flops of the summer during a weekend in which holdovers "Suicide Squad" and "Sausage Party" maintained their top spots.

The third version of Lew Wallace's 19th century novel "Ben-Hur: A Tale of the Christ," from ...Read more

Despite fears, Mexico's manufacturing boom helps some U.S. workers

Business / Business News /

SAN LUIS POTOSI, Mexico––Enrique Zarate, 19, had spent just a year in college when he landed an apprenticeship at a new BMW facility in San Luis Potosi, Mexico. If he performs well, in a year he'll win a well-paid position, with benefits, working with robots at the company's newest plant.

Within a decade or so, most of the BMW 3 series cars...Read more

Ashley Redmond: How the rich get rich and stay rich

Business / Business News /

There's no magic formula for becoming the next Warren Buffett, Mark Zuckerberg or Jeff Bezos. But there are some wealth-building secrets that millionaires and billionaires used to help them get where they are. Here are six things to keep in mind when building your wealth:

REMAIN FRUGAL

Warren Buffett, the 85-year-old CEO of Berkshire Hathaway ...Read more

Cameron Huddleston: Protect your money when traveling

Business / Business News /

When you're traveling, you're thinking about seeing the sights and having fun. However, if you let your guard down while on vacation, you can put your money at risk.

"Thieves are always on the lookout for unsuspecting tourists, awaiting the opportunity to steal wallets and other personal items such as smartphones and electronic devices," said ...Read more

Space junk is a big problem, but no one wants to pay to fix it

Business / Business News /

Space junk is getting worse. Could the answer be smart plastic wrap?

That concept, being investigated by Aerospace Corp. of El Segundo, Calif., involves blasting thousands of tiny, flat spacecraft into orbit. There they would find and hug the bits and pieces of failed satellites and rockets, dragging them into the atmosphere to burn up.

There ...Read more

Susan Tompor: 'Student tax' scam returns

Business / Business News /

College students and parents are being warned about a bogus "federal student tax" that scammers want paid off on iTunes cards or other prepaid cards.

We warned consumers about this scam earlier this summer. But the Internal Revenue Service said last week that the agency impersonators are back and calling students as they head back to school.

...Read more

On Philanthropy: In divisive times, philanthropy can spark hope

Business / Business News /

Many Americans are disheartened by recent events and trends. Issues like terrorism, mass murders, global warming, police-citizen violence and death, drug addiction, infectious diseases, economic and social inequality -- and more –– are generating a tremendous sense of hopelessness.

In addition, the strident partisanship and dysfunction of ...Read more