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Econometer: Is raising the tariff on Chinese EVs a good move?

Business / Business News /

The Biden administration quadrupled tariffs on Chinese electric vehicles this week in order to protect American automakers.

The tariffs are expected to rise to 100 percent from 25 percent for EVs. There are additional tariffs for critical minerals, solar goods and batteries.

Critics of the EV tariffs say they go against national efforts to ...Read more

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Boeing whistleblower John Barnett died by suicide, coroner rules

Business / Business News /

Boeing whistleblower John “Mitch” Barnett took his own life on March 9, South Carolina authorities reiterated in two reports released Friday. All findings suggest he died from a single, self-inflicted gunshot wound.

Barnett, 62, was found dead in his truck in Charleston, S.C. He was in the midst of giving depositions alleging Boeing ...Read more

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As political storms stir Boeing, board sticks to course -- and Calhoun

Business / Business News /

Boeing’s conspicuous manufacturing woes and the resulting scrutiny from regulators, Congress and the flying public cast a shadow Friday over the company’s annual shareholder meeting.

In his opening speech, Steve Mollenkopf, independent chair of the Boeing board of directors, addressed wounds to the company’s reputation suffered since the ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

UPS, Coke and Home Depot shareholders try to force DEI changes

Business / Business News /

As diversity programs in corporate America face increasing legal challenges, shareholders of three publicly traded Atlanta corporations have demanded changes around diversity, equity and inclusion initiatives.

The moves come after a U.S. Supreme Court ruling in June 2023 effectively ended race-conscious college admissions programs. Nearly 60% ...Read more

Stellantis taps new leaders for Ram, Dodge brands

Business / Business News /

Stellantis NV on Friday said the chief executive for its Ram and Dodge brands, Tim Kuniskis, is retiring after 32 years with the company.

The automaker has tapped Christine Feuell as the new Ram CEO, which will come in addition to her current role as Chrysler brand leader.

Matt McAlear has been appointed Dodge CEO, after having led the brand's...Read more

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UAW loses organizing vote at Mercedes in Alabama

Business / Business News /

A majority of workers at the Alabama Mercedes-Benz have voted against joining the United Auto Workers — a setback for the Detroit union in its national campaign to organize foreign transplant factories.

The vote count was 2,642 against union representation and 2,045 for, or 56% no, according to results posted by the National Labor Relations ...Read more

OLIVIER DOULIERY/AFP/Getty Images North America/TNS

'I blew it big time.' Former Facebook DEI head gets 5 years in prison for stealing millions

Business / Business News /

A former head of diversity, equity and inclusion initiatives at Facebook and Nike was sentenced to five years in prison this week for a brazen fraud scheme she ran while working at the companies.

Barbara Furlow-Smiles pleaded guilty in December to stealing more than $5 million from the two massive companies, though the vast majority was taken ...Read more

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As job growth in California falls back, unemployment rate remains highest in the country

Business / Business News /

California posted another anemic month of job growth in April, and the state's unemployment rate remained the highest in the land at 5.3%, the government reported Friday.

Statewide, employers added a net of just 5,200 jobs in April, down from 18,200 in March.

Nationwide, employers added 175,000 jobs in April, and the U.S. unemployment rate ...Read more

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Citi hit with racial bias suit from a conservative law firm

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Citigroup Inc. was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks.

The plaintiffs, who don’t bank with Citigroup, claim they were charged out-of-network fees for transactions at the bank’s ATMs in Florida, while customers from minority-owned financial institutions weren...Read more

Smiley N. Pool/The Dallas Morning News/TNS

Frontier Airlines breaks away from ultra low cost ticket model

Business / Business News /

Frontier Airlines, famous for deeply discounted ticket prices and bare-bones service, is adding new fare categories that include carry-on bags, seat selection and no cancellation fees as it seeks to appeal to U.S. travelers who want more upscale options when they fly.

Frontier, a unit of Frontier Group Holdings Inc., is now offering four fare ...Read more

Trent Sprague/Chicago Tribune/TNS

Chicago Tribune journalists file lawsuit alleging pay discrimination against female and Black employees

Business / Business News /

Seven Chicago Tribune journalists filed an equal pay lawsuit Thursday in Chicago federal court against the newspaper and its owner, Alden Global Capital, alleging female and African American employees unfairly receive lower compensation for their work.

The lawsuit, which is seeking class-action status, alleges female and African American ...Read more

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TikTok parent seeks to fast-track suit over US divest-or-ban law

Business / Business News /

China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a U.S. law that would force it to sell the TikTok video-sharing app or face a ban.

“Prompt consideration of these cases is needed to avoid irreparable harm, “ lawyers for ByteDance and TikTok said Friday in a filing in the District of Columbia federal ...Read more

Richard Tsong-Taatarii/Minneapolis Star Tribune/TNS

New overtime pay rules start July 1. Employers say that's too soon

Business / Business News /

Employers are pushing back and asking for more time before implementing new federal overtime rules that will require them to pay overtime to more workers.

The new Department of Labor rules take effect in two stages. Normally, employers can opt not to pay their salaried, white-collar employees "time and a half" for overtime hours worked, ...Read more

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Auto review: The 2025 Aston Martin Vantage is the perfect driving accomplice

Business / Business News /

Aston Martin makes sumptuous sports cars that shake and stir the soul, lighting a driving passion that makes you feel as if your name should be Max, Lewis, Fernando or Lance. And let’s face it, there’s never been an ugly Aston Martin. Yet it’s been through bankruptcy seven times in its 111-year history — and survived. Of course, being ...Read more

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Shoplifting has retailers putting more items behind anthitheft glass but it's driving customers away

Business / Business News /

When Bryan Calhoun goes on a Target run, he avoids the store in Wynnewood, Pennsylvania, just a few miles away from his home in Broomall, a western suburb of Philadelphia. He opts instead to drive to Wayne or Malvern, where fewer items are locked behind antitheft glass.

“At a place like Target, it’s fun to look around. You go in for ...Read more

Boston Herald/TNS

Auto review: 2024 Mercedes CLA Coupe delivers style for consumers

Business / Business News /

Mercedes Benz returns to Grasso's Garage with its entry-level coupe, bearing the CLA nameplate. Known as a luxury brand, Mercedes Benz is recognized for delivering exquisite luxury and styling to the end user. The CLA Coupe actually has four doors but has a coupe-like curved shape.

Powered by the potent AMG enhanced 2.0-liter inline 4-turbo ...Read more

Henry Payne/The Detroit News/TNS

Auto review: Payne: All hail the '24 Golf GTI, the last of the manuals

Business / Business News /

DETROIT — My 2024 Volkswagen GTI tester is loaded with state-of-the-art wireless Android Auto, voice recognition and a head-up display so I can bark my destination (“Navigate to Home”) to Google Maps, then keep my eyes on the road using the directions projected onto the windshield (“5.7 miles then left”) while a soothing female voice ...Read more

Casey Williams/Casey Williams/TNS

Auto review: Redesigned 2025 Subaru Forester reaches for horizons, but pack your patience

Business / Business News /

Have you ever been to Montana? As I found for my first visit recently, it’s a big place — the kind of wide open, horizon-to-horizon, nestling mountains, and wide-open Interstates kind of place where you just want to drive, drive, and drive. Turns out, it was the perfect place to meet the redesigned 2025 Subaru Forester.

Given that backdrop,...Read more

Target rolling back Pride product availability is a step backward, LGBTQ advocates say

Business / Business News /

Minnesota LGBTQ leaders who not long ago considered Target one of their greatest corporate allies have begun to question the Minneapolis retailer's values after last week's announcement it would no longer sell its commemorative Pride merchandise in all stores.

While LGBTQ advocates expected changes after conservative boycotts exacerbated ...Read more

Al Seib/Los Angeles Times/TNS

Sammy Roth: California farmers are low on water. Why not help them go solar?

Business / Business News /

It sounds like a climate solution everyone should be able to support: Let’s make it easier and cheaper for farmers with dwindling water supplies to convert their lands from crop production to solar energy generation, if that’s what those farmers want.

So why did the California Legislature just reject such a bill?

“Change can be difficult...Read more