Money & Markets

Los Angeles kicks off long-delayed licensing for marijuana growers

the Associated Press LOS ANGELES — Los Angeles will kick off the process for licensing marijuana cultivators and manufacturers on Aug. 1, but it's likely to be many months before any of those companies open their doors for business. The announcement Monday was greeted with a mix of ...

Trump delaying NAFTA deal until after midterm elections

BERKELEY HEIGHTS, N.J. — President Donald Trump intends to delay signing a revised version of the North American Free Trade Agreement until after the fall midterm elections, a move aimed at reaching a better deal with Canada and Mexico. Trump said in an interview that aired Sunday that he ...

Trump’s on a hot streak: Court rulings, vacancy, summit plan

WASHINGTON — A Supreme Court vacancy just fell in his lap, offering a chance to shape the court for decades. The current court handed him two favorable rulings in a single week. And there's a Russia summit on the horizon, promising headlines for a week or more. President Donald Trump is ...

Faster delivery is the next big thing

the associated press NEW YORK— Waiting is so yesterday. Shoppers increasingly want their orders to arrive at their doorsteps as soon as they click a button, whether it's a hot meal, groceries or a sofa. In response, retailers are betting big on delivery services to drop off packages ...

Jury: Dr. Dre’s Beats owes ex-partner $25 million

the associated press LOS ANGELES — A jury on Wednesday found that Dr. Dre, music mogul Jimmy Iovine and their headphone company Beats Electronics LLC owe a former partner $25.2 million in royalties. The Los Angeles Superior Court jury found Wednesday by a 9-3 margin that Beats breached a ...

Another wave of sales leaves GE a vastly changed company

NEW YORK — General Electric Co. is shrinking again, becoming a mere shadow of the globe-spanning conglomerate that it was before the Great Recession. GE said Tuesday that it will spin off its health-care business and sell its interest in Baker Hughes, which provides drilling services to ...

Lee Enterprises to manage Berkshire Hathaway newspapers

the associated press OMAHA, Neb. — Warren Buffett's company has hired Lee Enterprises to manage the mostly smaller newspapers it has acquired since 2011 in 30 different markets. Lee said Tuesday it expects to collect $50 million in fees from the five-year agreement that should help BH ...

Harley, stung by tariffs, shifts some of its production overseas

MILWAUKEE — Production of Harley-Davidson motorcycles sold in Europe will move from U.S. factories to facilities overseas, the Milwaukee-based company announced Monday, a consequence of the retaliatory tariffs the EU is imposing on American exports in an escalating trade war with the Trump ...

Corporate America increasingly avoids gun-industry business

GAINESVILLE, Ga. — With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn't sit well with the company he used to process payments, and they informed him they were dropping his account. ...

From boat makers to farmers, US-led tariff war inflicts pain

WASHINGTON — A Florida boat builder absorbs $4 million in lost business and expects more pain. An Ohio pork producer is losing access to a vital export market and fears the damage will last years. A motorcycle shop near Cologne, Germany, wonders if it even has a future. A brawl that the ...

Chevrolet goes after Jeep Grand Cherokee with the new Blazer

DETROIT— Because these days you can't have too many SUVs, General Motors is bringing back the Chevrolet Blazer. Only this time it's not a thirsty and boxy truck like its predecessor, one of the original SUVs that was sold from the 1982 through 2005 model years. SUVs based on car ...

Business owners find communication helps with young staffers

NEW YORK — Rory Carlton is getting used to hearing younger staffers ask, "Why are we doing this?" It's a question Carlton would never have asked his boss when he started working nearly 40 years ago. When he was given an assignment, he just completed it. But Carlton, like other business ...

Mobile carriers cut off flow of location data to brokers

Verizon, AT&T, Sprint and T-Mobile have pledged to stop providing information on U.S. phone owners' locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy. The data has apparently allowed outside companies to pinpoint the ...

Trump threatens new tariffs on Chinese imports

WASHINGTON — President Donald Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports on Monday as the two nations moved closer to a potential trade war. The tariffs, which Trump wants set at a 10 percent rate, would be the latest round of ...

Ford’s plans for Michigan Central station

DETROIT — Ford Motor Co. plans to release details of its planned conversion of the long-vacant Michigan Central train station just west of downtown Detroit. The Dearborn-based automaker recently bought the 105-year-old building and is expected to redevelop the 500,000-square-foot ...

Ford: Detroit train station key to autonomous vehicle plans

DETROIT — Bill Ford looks past the tons of paint, plaster and steel needed to remake Detroit's blighted Michigan Central train station and sees more than just an iconic building in desperate need of a makeover. The executive chairman of Ford Motor Co. and great-grandson of founder Henry ...

A trade war looms as Trump slaps tariffs on Chinese imports

WASHINGTON — President Donald Trump brought the world's two biggest economies to the brink of a trade war Friday by announcing a 25 percent tariff on up to $50 billion in Chinese imports to take effect July 6. Beijing quickly responded that it would retaliate with penalties of the same ...

Musk company to build Chicago-to-O’Hare express transport

CHICAGO — Entrepreneur Elon Musk said Thursday a high-speed transportation system that will whisk people between downtown Chicago and O'Hare International Airport at speeds of up to 150 mph could be operational in about three years. Musk joined Chicago Mayor Rahm Emanuel to formally announce ...

Comcast challenges Disney with $65B bid for Fox

NEW YORK — Comcast made a $65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's takeover of Time Warner and rejected the government's argument ...

Comcast offer for Fox expected after favorable AT&T ruling

NEW YORK — Now that a federal judge has cleared AT&T's $85 billion takeover of Time Warner, other companies are likely to rush to consolidate. Tuesday's ruling signaled that federal regulators will have a hard time stopping companies from getting bigger by gobbling up rivals and the ...