Tribune News Service
Business Budget for Tuesday, November 13, 2018
Updated at 2 p.m. EST (1900 UTC)
This budget is now available at TribuneNewsService.com, with direct links to stories and art. See details at the end of the budget.
^Amazon says Northern Virginia and New York will get headquarters expansion<
^AMAZON-HQ2:SE—< Amazon.com 's headquarters expansion will be in Arlington County, Va., and the Long Island City neighborhood of New York, the company announced Tuesday.
The announcement ends a 14-month search for what Amazon had originally billed as a $5 billion second headquarters, which the retail and technology giant aimed to staff with 50,000 workers. This fall, people familiar with Amazon's site selection process say, the company changed course and decided to split its HQ2 to more than one place.
350 by Matt Day in Seattle. MOVED
^LA loses bid for Amazon HQ2 and thousands of possible jobs, but some experts are relieved<
^AMAZON-HQ2-LA:LA—<When Amazon launched its HQ2 contest last fall, dangling a prize of 50,000 high-paying jobs and a $5 billion investment, 238 North American cities and regions embarked on a mad scramble, providing proprietary data and offering hefty tax breaks to host the company's second headquarters.
Among the California supplicants including San Diego, Irvine and San Francisco, Los Angeles alone made the cut of 20 finalists, the lone survivor west of the Rockies.
But now, with Amazon's decision to expand across the continent from its Seattle home, splitting its new corporate footprint between New York City and northern Virginia — and some jobs in Nashville, Tenn. — LA is not so much indulging in a pity party as offering up a collective shrug.
1300 by Margot Roosevelt. MOVED
^Is California going the way of Germany when it comes to energy?<
^ENERGY-CALIF-GERMANY:SD—<One place possesses the fourth-largest economy in the world. Another is home to the fifth-largest.
Both places have instituted ambitious energy and climate goals.
But one — Germany — is struggling to meet those targets and its citizens pay some of the highest electricity prices in the industrialized world. Is the German experience a cautionary tale for the other place — California?
It's a question increasingly on the minds of some energy experts in the Golden State.
2450 by Rob Nikolewski. MOVED
^MORE BUSINESS NEWS<
^Petco says it will stop selling food with artificial ingredients<
PETCO:SD — Pet retailer Petco pledged Tuesday to stop selling all dog and cat food items containing artificial colors, flavors and preservatives by May, throwing out millions in annual sales in the process.
500 by Jennifer Van Grove in San Diego. MOVED
^EpiPen competitor readies for market<
^EPIPEN-COMPETITOR:SD—<Challenging the popular but pricey EpiPen, San Diego's Adamis Pharmaceuticals is readying its own emergency allergy medication for sale.
Called Symjepi, the product is a syringe of epinephrine, used to counteract life-threatening allergic reactions. It's meant as a lower-cost alternative to market leader EpiPen, which costs hundreds of dollars.
300 by Bradley J. Fikes. MOVED
^WORKPLACE & CAREER STORIES<
^Walnut Creek, Calif., crowned as nation's hardest-working city<
^WRK-HARDWORKING-WALNUTCREEK:SJ—<Congratulations, Walnut Creek. You are No. 1.
Although depending on your point of view, this title may be either something to be proud of, or something that will make you take a hard look at how much time you are spending in the office.
According to data from the United States Bureau of Labor Statistics, and compiled by Haven Life Insurance, the California city has the hardest-working people in America.
300 by Rex Crum. MOVED
^Urban manufacturing can help Bay Area workers battle housing, traffic woes<
WRK-URBAN-MANUFACTURING:SJ — Urban manufacturing has more than a hopeful future, even in the expensive Bay Area: it can be a way for people with modest skills to carve a path to middle-class wages amid the region's brutal housing market, business and political leaders said at a manufacturing summit in San Jose on Friday.
"We are all-in to expand manufacturing opportunities in San Jose," San Jose Mayor Sam Liccardo said during a presentation Friday to the Bay Area Urban Manufacturing Summit. "We have many people who lack skills or college degrees who can use manufacturing to have access to the middle class."
The push for more urban manufacturing comes at a time when factories have enjoyed a healthy upswing in jobs lately.
600 by George Avalos in San Jose, Calif. MOVED
^How I made it: Ian Siegel employs artificial intelligence to disrupt the job recruitment industry<
WRK-RECRUITMENT-QA:LA — Ian Siegel, 45, is chief executive of Santa Monica-based ZipRecruiter, the company he co-founded in 2010 to disrupt the recruitment and hiring industry. Since then, more than 1.5 million businesses and more than 430 million job seekers have used the online employment marketplace, according to the company. ZipRecruiter has nearly 1,000 employees, a quarter of whom are engineers.
900 by Ronald D. White in Los Angeles. MOVED
^DAILY MARKETS GRAPHIC <
Find here a daily Wall Street roundup graphic featuring Dow Jones Industrial Average, S&P 500 and Nasdaq data.
The 1-column x 4-inch graphic, Wall Street, will be posted by 6:30 p.m. EST Monday through Friday.
To find the graphic, visit the Graphics section of TribuneNewsService.com.
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^'Puffery' or lies? Wells Fargo's vows on scandals<
^HILTZIK-COLUMN:LA—<If you've ever wondered how businesses can get away with making transparently false or deceptive claims about themselves or their products — "The Best Tasting Juice in America," Wrigley's gum is "for whiter teeth, no matter what," etc., etc. — the answer is an all-purpose legal dodge known as the "puffery" defense.
Simply put, judges and regulators have ruled that when a business makes a claim that is either vague or so obviously inflated that people simply won't believe it, that's "puffery," and not actionable in court.
Wells Fargo, which is struggling to rebuild its reputation for integrity after a string of scandals involving consumer rip-offs, is testing the limits of the "puffery" defense.
1450 by Michael Hiltzik. MOVED
^Consumer Confidential: What to do when dealing with an insurer after your home catches fire<
^CNS-CONFIDENTIAL-FIRE:LA—<The vast majority of California homeowners have insurance that covers fire damage. But that doesn't mean you can breathe easy.
Property insurance lawyers say it's not uncommon for insurers to do everything possible to minimize payouts, especially after catastrophic blazes such as the ones now raging in Northern and Southern California.
"In a mass loss, they're looking at their overall payments," said Joshua Haffner, a Los Angeles lawyer specializing in fire-related claims. "They'll do what they can to keep payments down. And they're getting very smart about paying less."
900 by David Lazarus. MOVED
These features regularly move on Tuesday:
^Liz Reyer: How to compete for top talent when you can't pay top dollar<
^WRK-REYER-QA:MS—<As the owner of a small business in a small city, I'm having trouble attracting and retaining good employees. There is also a larger, richer employer in town, and the talent pool is relatively small. How do I compete?
550 by Liz Reyer. MOVED
^Your Office Coach: Rude boss won't say hello to anyone but a select few<
^WRK-COACH:MCT—<The CEO of our company only speaks to a few employees. Whenever he visits our department, he says hello to one of my co-workers and completely ignores the rest of us, even though we've all worked there for years. You would think someone at his level would have better manners. Doesn't this seem awfully rude?
550 by Marie G. McIntyre. MOVED
WRK-HELPWANTED: ND — by Carrie Mason-Draffen, Newsday.
(Not moving this week.)
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