LATEST IN BUSINESS

LATEST IN BUSINESS

  • Target is buying Shipt for $550 million to beef up same-day delivery

    Target is buying Shipt for $550 million to beef up same-day delivery

    Target Corp. plans to boost its same-day delivery capability by paying $550 million for Shipt Inc., its latest move to try to catch up with Amazon.com Inc. Shipt delivers groceries to members who pay $99 a year. Target said Wednesday that it would add more products to the service next year, such...

  • Jeff Bezos' Blue Origin gets closer to flying tourists to space

    Jeff Bezos' Blue Origin gets closer to flying tourists to space

    Jeffrey P. Bezos' Blue Origin got a step closer to flying tourists to space: On Tuesday, the company launched a life-size dummy it named "Mannequin Skywalker" from its remote Texas facility. The updated booster and crew capsule — which Blue Origin hopes to use to fly its first human tourists to...

  • California regulators propose replacing PG&E natural gas plants with energy storage

    California regulators propose replacing PG&E natural gas plants with energy storage

    State regulators want Pacific Gas & Electric Co. to replace three natural gas plants with energy storage, a move that represents another significant step toward a clean energy future. The California Public Utilities Commission will vote Jan. 11 on the proposal that would require PG&E to seek clean...

  • T-Mobile is launching a TV service next year

    T-Mobile is launching a TV service next year

    T-Mobile US Inc. is launching a TV service next year, becoming the latest company to marry wireless and video. The service will target people who aren't interested in traditional cable and satellite TV packages. T-Mobile promises to address consumer complaints such as “sky-high bills” and “exploding...

  • Gift Guide: These holiday helpers make it easier to drive, ride and wrench

    Gift Guide: These holiday helpers make it easier to drive, ride and wrench

    Busy hands and minds are always hard at work trying to figure out more convenient or comfortable ways to drive, ride or wrench your way around the garage. This year yielded a bumper crop of new products. Some of them made my list of cool newcomers. Depending on the size of your stocking, you might...

  • Bitcoin futures soar as the virtual currency begins trading on a major exchange

    Bitcoin futures soar as the virtual currency begins trading on a major exchange

    Wall Street got its first taste of bitcoin Monday, with the price of the first-ever futures contract for the digital currency jumping 20%. It's a step forward for the bitcoin, which has soared this year despite concerns that the surge of investor interest has transformed it from a new-age currency...

  • Disney-Fox deal might cause high-level Fox execs to jump ship

    Disney-Fox deal might cause high-level Fox execs to jump ship

    Walt Disney Co.’s planned acquisition of much of Rupert Murdoch’s 21st Century Fox media company — a deal that is expected to be completed as early as this week — could prompt a brain drain of high-level Fox executives in the coming months. Among the prominent executives who eventually could exit...

  • Stocks tick up, bringing S&P 500 and Dow to new highs

    Stocks tick up, bringing S&P 500 and Dow to new highs

    Technology companies led U.S. stocks modestly higher Monday, driving the market to another set of milestones. The Standard & Poor's 500 index and Dow Jones industrial average finished at new highs. Both indexes also set record highs Friday. Solid gains by healthcare companies also helped lift the...

  • Zinke, House GOP escalate feud with Patagonia over monuments

    Zinke, House GOP escalate feud with Patagonia over monuments

    Interior Secretary Ryan Zinke and House Republicans have escalated their feud with Patagonia after the outdoor retailer told Americans that President Trump “stole your land” in his move to shrink two sprawling Utah national monuments. The dispute pitting the GOP against a private company raised...

  • Apple buys music-recognition app Shazam

    Apple buys music-recognition app Shazam

    For nearly 10 years, Shazam has been something of a one-trick pony. Its app has a single purpose: identify a song that’s playing and connect users to a service to download or stream it. But behind the nifty song-detecting technology lies something that could explain why Apple is buying Shazam for...

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