Business

Business

Local startup impresses tech publication at CES

LAS VEGAS — A Champaign start-up has made heads turn at the Consumer Electronics Show, making it onto Engadget's "Best of CES 2017" awards.

Amber Agriculture had already won the 2016 Cozad New Venture Challenge.

Facebook boosting media ties to promote trusted news

NEW YORK (AP) — Facebook is launching a journalism project aimed at strengthening its ties with media organizations to help them expand their audiences, come up with new products and generally promote trusted news in today's "post-truth" era.

VW emissions-cheating deal could put employees in hot seat

DETROIT (AP) — The imminent criminal plea deal between Volkswagen and U.S. prosecutors in an emissions-cheating scandal could be bad news for one group of people: VW employees who had a role in the deceit or subsequent cover-up.

Wells Fargo revamps pay structure for workers

NEW YORK (AP) — Wells Fargo announced a complete restructuring Tuesday of how it pays tellers and other bank branch employees, with incentives now tied to how often customers use their accounts, as the company tries to right itself after a scandal over its aggressive sales practices.

Job openings, quittings rise in November

WASHINGTON (AP) — U.S. employers posted more jobs in November and quitting also increased — signs that job gains and wages may increase in the months ahead.

01-10-17 On The Money

01-10-17 On The Money: Play now!

01-10-17 On The Money.  Paul Ruedi with sons David Ruedi and Paul Reudi with the first edition of On The Money for 2017.  A twice a month program on your money and investing.

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Scandal can't keep Volkswagen from strong sales increase

FRANKFURT, Germany (AP) — Booming business in China helped push Volkswagen to a 3.8 percent sales increase in 2016 — despite lawsuits and criminal investigations over its cars that cheated on emissions tests.

Volkswagen sold 10.31 million cars across all of the company's brands, which include Audi, Porsche and Skoda. Sales in China grew 12.2 percent for the full year, to 3.98 million.

Yahoo to change name, board if sale to Verizon goes through

SAN FRANCISCO (AP) — Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.

Chevy Bolt gets top car award; Pacifica top utility vehicle

DETROIT (AP) — The Chevy Bolt has been named top car in North America, an important milestone for a car General Motors hopes will finally get Americans hooked on electric vehicles.

The Honda Ridgeline grabbed the honor for top truck. Utility vehicles were honored separately for the first time, with the Pacifica minivan from Fiat Chrysler snagging that award.

McDonald's sells major stake in China business

HONG KONG (AP) — Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday.