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Eileen T. Meslar/Chicago Tribune/TNS

Abbott Laboratories must pay at least $53 million in cases over infant formula, jury decides

Business / Business News /

Abbott Laboratories must pay $53 million in compensatory damages in four cases in which Chicago area babies developed a dangerous intestinal disease after consuming the company’s formula for premature infants, a Cook County jury decided Thursday evening.

After a monthlong trial and a little more than a day of deliberation, the jury found ...Read more

Brian Cassella/Chicago Tribune/TNS

Starbucks unveils new 'uplifted' store designs in Chicago with more couches, cozier coffeehouse vibes

Business / Business News /

Starbucks, the world’s largest coffeehouse chain, wants you to come back to your refreshed neighborhood store, grab a couch and stay awhile.

On Thursday, Starbucks unveiled one of the first Chicago stores to be “uplifted” under its “Back to Starbucks” restructuring plan, a campaign to improve performance and the in-store experience ...Read more

Nelvin C. Cepeda/The San Diego Union-Tribune/TNS

Qualcomm lays off dozens of senior positions in San Diego

Business / Business News /

Qualcomm, San Diego’s Fortune 500 tech giant, is laying off 66 local employees. The global semiconductor firm, which is San Diego’s largest public company and a major employer in the region, reported the layoffs April 2, according to a WARN notice filed with the state. The job cuts will take effect May 26.

The majority of the layoffs are ...Read more

Katy Kildee/The Detroit News/TNS

Trump trade rep says manufacturing jobs will rebound in Michigan tour

Business / Business News /

WARREN, Michigan — There are fewer manufacturing jobs in the United States and in Michigan today than when President Donald Trump took office more than a year ago and promised a resurgence for the sector with his aggressive tariffs and other trade policies.

But U.S. Trade Representative Jamieson Greer said during a tour of a Warren factory on...Read more

Robert Gauthier/Los Angeles Times/TNS

In-N-Out owner says no to automated ordering

Business / Business News /

In-N-Out is known for hewing to convention.

So don't expect the popular burger chain to embrace mobile ordering anytime soon.

That was a message Lynsi Snyder-Ellingson, owner of the family-run chain, delivered in a speech posted this week on YouTube.

Snyder-Ellingson expressed concern that such automation would taint the company's efforts to ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Rebuilding permits in Altadena have picked up, but construction lags and financial woes loom

Business / Business News /

A few weeks after the first anniversary of the Eaton fire, the number of homeowners who neither put up their home for sale nor moved toward rebuilding has dropped to fewer than half, as more have taken some action toward recovery, according to data released Thursday by UCLA's Latino Policy & Politics Institute.

That total is a significant drop ...Read more

Dania Maxwell/Los Angeles Times/TNS

Disney plans extensive round of layoffs in the coming weeks

Business / Business News /

Walt Disney Co. is planning an extensive round of layoffs in the coming weeks, according to a source familiar with the matter but unauthorized to comment.

The move comes nearly three months after Disney unveiled a more streamlined management structure that sought to centralize its sprawling marketing operations.

Disney declined to comment.

...Read more

Dreamstime/Dreamstime/TNS

Lawsuit claims listeria-infected sprouts grown in Wisconsin killed unborn child

Business / Business News /

A Minnesota woman’s unborn baby died after she ate sprouts contaminated with listeria grown at Wisconsin’s Jack & the Green Sprouts farm, a lawsuit filed in federal court says.

A lawyer for the farm denies the woman’s allegation. The farm no longer appears to be operating. The woman, Kate Bozic, and her husband are seeking an unspecified ...Read more

Steph Chambers/Getty Images North America/TNS

DOJ sets sights on NFL's media rights deals

Business / Business News /

The Department of Justice is investigating the NFL's media deals with streaming companies as more of its games go behind subscription pay walls.

The investigation first reported by the Wall Street Journal centers on the financial impact of live sports streaming on consumers and whether the league's traditional broadcast partners are getting ...Read more

Gina Ferazzi/Los Angeles Times/TNS

'It's killing everything.' California's truckers are buckling under country's priciest diesel

Business / Business News /

Record diesel prices are crushing California's truckers, forcing them to adjust to avoid losses as they grapple with the most expensive pump prices in the country.

Greg Dubuque's 40 drivers are in a constant diesel-devouring loop. Their big rigs pick up loads of electronics, office furniture and other goods around Los Angeles. They drive close ...Read more

Brian Cassella/Chicago Tribune/TNS

Fooda launches marketing campaign to make return-to-office mandates more appetizing

Business / Business News /

Chicago-based Fooda, which introduced its pop-up lunch service at downtown office buildings 15 years ago, launched its first outdoor marketing campaign this week in an effort to boost its brand in the post-pandemic hybrid work landscape.

The campaign is centered at Ogilvie Transportation Center, with a presence at CTA stations and Divvy bike ...Read more

Dean Musgrove/Los Angeles Daily News/TNS

Does a new report offer a way out of California's home insurance crisis?

Business / Business News /

As insurers hike rates and cancel policies for thousands of homeowners across California, a new state report has proposed a series of reforms to prevent the property insurance market from cratering amid increasingly catastrophic wildfires — but some consumer advocates say it doesn’t go far enough.

The report, released this week, is the ...Read more

Dreamstime/Dreamstime/TNS

Meta, Oracle and Qualcomm share details on layoffs across California

Business / Business News /

Tech behemoths, including Oracle and Meta Platforms, are laying off hundreds of California workers as they invest heavily in artificial intelligence.

Some of the top companies in tech that already had announced big plans to lay off thousands have revealed more details about where they are cutting in recent government filings.

Software giant ...Read more

Real estate Q&A: Can HOA suddenly fine me for parking my work pickup truck in my driveway?

Business / Business News /

Q: I drive a pickup truck for work. It has my company’s logo on the side, and I’ve always parked it in my driveway. Last week, I got a letter from my HOA saying I’m violating the rules by parking a “commercial vehicle” in my driveway and threatening to fine me if I don’t move it. This is the only vehicle I own. Where am I supposed to...Read more

Nhat V. Meyer/Bay Area News Group/TNS

Silicon Valley is booming. So why does the system feel like it's breaking?

Business / Business News /

Silicon Valley remains the global center of technological innovation, drawing billions in investment, producing breakthrough technologies and powering the artificial intelligence boom.

But beneath that dominance, the conditions that have long sustained the region’s success — a steady influx of workers, accessible pathways into the economy ...Read more

Justin Sullivan/Getty Images North America/TNS

AI boom catapults San Francisco median home price above $2 million

Business / Business News /

The artificial intelligence boom has driven up San Francisco's median home sales price to a record $2.15 million.

Real estate brokerage firm Compass said that recent transactions showed that some parts of the tech capital have emerged from its doom loop on the back of the surge in AI investment and hiring.

"The economic changes created by the ...Read more

Alex Wong/Getty Images North America/TNS

Michael Hiltzik: This pharma company makes a miracle HIV drug, but is blocking access for millions of low-income people

Business / Business News /

By most accounts, the HIV drug lenacapavir is so effective in preventing infection and treating HIV-positive patients that it could revolutionize the fight against AIDS.

"Lenacapavir could be transformative," says Peter Maybarduk, director of the access to medicines program at the nonprofit organization Public Citizen, "if people can get it."

...Read more

Brian van der Brug/Los Angeles Times/TNS

PG&E is overcharging Californians to keep Diablo Canyon open, report alleges

Business / Business News /

A report released Wednesday alleges that Pacific Gas & Electric is overcharging customers to run the Diablo Canyon Power Plant, the state’s only remaining nuclear power facility. Just last week, it received final clearance to operate through 2030.

Diablo Canyon was originally supposed to close in 2025, but lawmakers extended that deadline by ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Jury deliberating in Cook County case over Abbott Laboratories' formula for premature babies

Business / Business News /

Four babies born at Chicago-area hospitals developed a dangerous intestinal disease because they consumed a special formula for premature infants made by Abbott Laboratories, an attorney for the children’s mothers told a Cook County jury Wednesday, while a lawyer for Abbott argued that the formula did not cause the babies to fall ill.

...Read more

Robert Clark/AMC/TNS/TNS

As the cable business ebbs, AMC Networks takes a new name

Business / Business News /

AMC Networks, the cable home of “The Walking Dead” and adaptations of Anne Rice’s vampire novels, is getting a new name to reflect its shift to streaming and program production.

In a legal filing, the New York based company announced Wednesday it will be called AMC Global Media, effective immediately.

The company, which owns a suite of ...Read more