Business

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Federal regulators back keeping Colorado coal mine open

DENVER (AP) — Federal regulators have recommended that a northwestern Colorado coal mine threatened with closure partly over its impact on global warming remain open.

The Interior Department's Office of Surface Mining Reclamation Enforcement issued its decision Tuesday, five days before a …

Colorado

Alleged 'Flash Crash' Trader Formally Indicted In U.S.

U.S. federal prosecutors are seeking the extradition of London-based day trader Navinder Singh Sarao on charges of market manipulation that they say triggered the May 6, 2010, "flash crash" in which the Dow lost 10 percent of its value in a matter of minutes.

It was made public Thursday that Sarao, …

Markets

Windfalls, lost business, uncertainty _ US small businesses feel impact from China's economy

NEW YORK – China's economic problems have been a windfall for some U.S. small businesses — and pose a threat to others.

A nearly 40 percent plunge in the Shanghai stock market since mid-June, a response to the country's weakening economy, has sent Chinese investors looking for safer investments. …

Asia

McDonald's all-day breakfast could drive up egg prices

All those nighttime Egg McMuffins could mean higher egg prices at the grocery store, some market researchers say.

Beginning Oct. 6, McDonald’s restaurants across the country — more than 14,000 of them — will begin serving all-day breakfast, a long-awaited move that’s created buzz for the struggling …

Breakfast

Qualcomm president says splitting company may not create value

NEW YORK (Reuters) - Qualcomm Inc's <QCOM.O> President Derek Aberle, under pressure from activist hedge fund Jana Partners to improve the licensing and chip design firm's stock performance, on Thursday sounded a cautionary note about a potential breakup of the company.

Stressing that the board and …

Qualcomm

Amazon spent millions on this hot video startup

Amazon’s cloud computing business, Amazon Web Services, is bulking up on video technology by buying the video-processing startup Elemental.

Amazon’s cloud computing arm, Amazon Web Services, said on Thursday that it bought a video-processing startup called Elemental to help television shows, films, …

Fortune 500

Silicon Valley, Seeking Diversity, Focuses on Blacks

OAKLAND, Calif. — More than a decade before diversity became a hot issue in Silicon Valley, Jason Young came home on winter break from Harvard to discover that his family was being evicted.

Having grown up in a single-parent home with an absent father who was frequently incarcerated, Mr. Young, 33, …

Silicon Valley

China Showcases Military Power | CNBC

Trump Finally Talks: The Self-Invented Man

Southwest says it has negotiated new contract with union; pilots would need to ratify it

DALLAS – Southwest Airlines says it has reached an agreement with union negotiators on terms for a new contract with pilots, whose approval would be needed before it takes effect.

Terms weren't disclosed on Thursday.

Leaders of the Southwest Airlines Pilots' Association are expected to meet later …

Airlines

Japan's Amari: falls in China stocks don't reflect fundamentals

TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Friday that a recent selloff in Chinese stocks does not reflect economic fundamentals and that China's economic foundation is still stable.

Amari, speaking to reporters, said it is important for markets to move in a calm manner and …

Asia

California governor proposes $3.6 billion in yearly transportation spending, including $65 fee

SACRAMENTO, Calif. – Gov. Jerry Brown's administration is proposing to spend $3.6 billion a year for repairs to California's crumbling transportation infrastructure, with some of the money to come from a $65 annual user fee and increases in diesel and gas taxes tied to inflation.

The administration …

Transportation

Alibaba's cofounders are using company stock to borrow $2 billion

Alibaba Chairman Jack Ma and Vice Chairman Joseph Tsai plan to take out a more than $2 billion loan using company stock as collateral, Bloomberg's Dinesh Nair, Spencer Soper, and Ruth David reported.

The capital raised from the loans could be used to fund Blue Pool Capital Ltd., a Hong Kong-based …

Alibaba Group

Ex-Tesla engineer charged in leak of confidential company information

A former Tesla Motors Inc. engineer posted confidential company information on a public website and released employee evaluations to other workers, information he obtained after gaining unauthorized access to his former manager’s email account, according to a federal indictment.

Nima Kalbasi, a …

Federal Prison

Dunkin’ Donuts Shop Offers Free Coffee for Life to Deflategate Judge

Free coffee for life!

The judge that ruled the National Football League was wrong to suspend New England Patriots quarterback Tom Brady for four games for the Deflategate scandal doesn’t ever have to worry about buying coffee again.

One Dunkin’ Donuts location in New England posted a sign Thursday …

NFL

Kraft Heinz expands Kraft Singles recall

NEW YORK (AP) — Kraft Heinz is expanding a recall of Kraft Singles products, saying a problem with the packaging film affects 10 times as many cases as it first thought.

The company recalled 335,000 cases Thursday because a thin strip of packaging film may stick to the slice after the wrapper has …

Product Recalls

Brazil economy minister rumors add to jitters

Sao Paulo (AFP) - Rumors that Brazil's finance minister was about to step down Thursday added to growing jitters in the world's seventh-biggest economy, but the real, which has plummeted this year, held steady.

The currency, down more than 29 percent in 2015, closed at 3.760 to the dollar, barely …

Brazil

Underwater-Home Recovery Reaches Struggling Neighborhoods

Underwater homeowners--one of the hallmarks of the housing crisis--are starting to get out from under their loans, and now the trend is increasingly reaching the lowest-priced properties.

Real-estate information company Zillow said Thursday that the percentage of mortgaged homes worth less than …

WSJ.com

Low-Income Workers See Biggest Drop in Paychecks

Despite steady gains in hiring, a falling unemployment rate and other signs of an improving economy, take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The …

Economics

Once all powerful, Pimco is a fast fading superstar

New York (CNN) — Once the world's largest and most influential bond fund, Pimco continues to fall from that stature.

Its star has dramatically dimmed after its founder, the "bond king" Bill Gross, left Pimco almost a year ago.

Investors started taking out billions of dollars from Pimco after Gross …

Bill Gross

WeWork's Coliving Spaces Could Debut This Year

WeWork's coliving initiative, WeLive, is betting entrepreneurs will want to play where they work—but it may not make a splash right away.

Last year, it was revealed that coworking company WeWork was making an ambitious jump into the coliving space. New documents obtained by The Information show that …

Entrepreneurship

BYU health plan doesn't meet US contraception, cost rules

SALT LAKE CITY (AP) — Some students at Brigham Young University could face hundreds of dollars in fines if they stay on the school's student health plan, which doesn't comply with federal law in part because it doesn't cover birth control.

A grace period for the plan to comply with President Barack …

Contraception

Presidential contenders focus on Puerto Rico fiscal crisis

NEW YORK (Reuters) - Puerto Rico is getting attention from 2016 presidential hopefuls, who are making early stops in the U.S. territory, likely in part due to the rapidly growing number of Puerto Ricans living in the key battleground state of Florida.

Contenders for the White House, such as Democrat …

Puerto Rico

Sausage patties recall: Metal pieces found in Johnsonville Grillers

(CNN) — Almost 90,000 pounds of frozen pork sausage patties are being recalled because consumers found small pieces of metal in the meat, the U.S. Department of Agriculture's Food Safety and Inspection Service said Thursday.

Kenosha Beef International in Kenosha, Wisconsin, is recalling Johnsonville …

Food

Farmers Stage Massive Tractor Protest In Paris

Over 1,500 tractors driven by angry farmers snarled Paris traffic this morning, NPR's Eleanor Beardsley reports. In an ongoing protest movement, farmers across the country have been up in arms about high taxes and low prices on their goods.

The Associated Press reports:

"They're facing increasingly …

France

Note to Job Applicants: Don't Text Nude Selfies to HR Manager

This selfie went horribly wrong.

Shortly after being offered a job, an Illinois man texted two nude selfies - apparently accidentally -- to the human resources manager that was interested in hiring him.

The Chicago Tribune, which first reported the incident, said the man later called the St. Charles, …

Human Resources

Retailers are starting the holiday season earlier than ever

Christmas is more than three months away, but at least one Macy's store is getting in the holiday spirit early.

A tipster sent us this photo of a Macy's holiday display Woodfield Mall in Schaumburg, Illinois.

When he asked a worker about the displays, she said this is when the retailer typically …

U.S. Travel

Leon Gorman, Who Built L.L. Bean Into an Outdoors Power, Dies

FREEPORT, Maine -- Leon Gorman, a grandson of L.L. Bean who led a modernization of his family's outdoor clothing and gear retail business after the founder's death, died Thursday. He was 80.

Gorman died at his home in Yarmouth surrounded by family members after battling cancer for several months, …

Outdoors

A lingerie startup that says it sells one bra per minute just raised $40 million

Zivame, a 4-year-old startup based in Bangalore, just raised more than $40 million to change the way women buy underwear online.

So far, the strategy seems to be working; Zivame says it's selling one bra per minute.

Investors include Khazanah Nasional Berhad and Zodius Technology Fund, a fund owner …

Startups

Rugs to riches: Dyson announces record profits of £367m

Dyson, the privately owned British engineering group famous for its vacuum cleaners and bladeless fans, has announced record-breaking profits of £367m, up 13% on the year, despite spending £3m a week on research and development.

Max Conze, the company’s German-born chief executive, said Dyson’s …

Embargo

Steve Wynn Now Trump Campaign Adviser

The long, sometimes contentious relationship between Donald Trump and Steve Wynn has taken another turn, with the Las Vegas casino magnate serving as an unofficial adviser to Trump’s presidential campaign, the FOX Business Network has learned.

People close to both men say Trump has been in constant …

Steve Wynn

This Was to Be the Year of Bigger Wage Gains. It’s Not.

The unemployment rate is low by any historical standard at 5.3 percent. Businesses are complaining of worker shortages in industries including health care, construction and trucking. Household-name companies like Walmart and McDonald’s have announced increases to their pay for low-wage workers.

Add …

Salaries & Wages

Production of renowned Ovation guitars to resume in US

HARTFORD, Conn. (AP) — A Connecticut factory that produced Ovation guitars for nearly a half century before closing last year will resume making the renowned instruments, thanks to the efforts of factory employees.

Four workers remained on the payroll after the New Hartford plant closed, and one of …

Guitar

Apple, Google, others settle antipoaching lawsuit for $415 million

US District Judge Lucy Koh has approved the settlement, which is $90.5 million more than a previous offer she rejected last year.

Apple, Google, …

Google

Volkswagen finance chief Poetsch set to become new chairman

BERLIN (AP) — Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman — filling the position that longtime company patriarch Ferdinand Piech vacated in April.

The automaker said Thursday that the 64-year-old Poetsch will be proposed for election to its …

Volkswagen

Deflation is coming to Europe

European Central Bank President Mario Draghi on Thursday gave his first press conference since the summer break and he was seriously downbeat on Europe.

As well as cutting growth forecasts for Europe and warning about big risks from emerging markets, Draghi warned that Europe could fall into …

Europe

IRS Offshore Account Penalties Increase, Hunt Continues

The number of Swiss banks that have entered deferred prosecution agreements with the U.S. government keeps growing. The subject is tax evasion involving American account holders. Today, banks everywhere want to know if you are compliant with the IRS. Under FATCA, the entire world is lending the IRS …

Internal Revenue Service

Joy Global misses Street 3Q forecasts

MILWAUKEE (AP) — Joy Global Inc. (JOY) on Thursday reported fiscal third-quarter profit of $44.9 million.

The Milwaukee-based company said it had profit of 46 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.

The results did not meet Wall Street …

AOL to acquire Millennial Media, a mobile ad firm, for about $250 million

The deal furthers AOL’s position in programmatic mobile advertising.

AOL announced on Thursday that it will acquire Baltimore-based Millennial Media MM , a mobile advertising company, for $1.75 per share or about $250 million.

The deal gives AOL additional tools as it continues its transformation …

Mobile Advertising