Business
/ArcaMax
Dauch CFO cites 'active negotiation'; UAW says no meeting since strike start
DETROIT — The negotiation process with the United Auto Workers over its strike at the auto components plant in Three Rivers run by the Detroit-based company formerly known as American Axle is "very active," its chief financial officer said Wednesday.
But the Detroit-based union says the parties haven't returned to the bargaining table since ...Read more
Gotion wants Michigan township to pay the $23.7M it owes in incentives
DETROIT — Gotion Inc. has asked a federal judge to order the Michigan township where it was supposed to call home to repay the roughly $23.7 million it owes the state in taxpayer-funded incentives.
Green Township's actions opposing Gotion's planned battery parts plant made it all but impossible to move forward, the company argued, leaving ...Read more
Northeast Philadelphia Airport could soon run on 100% solar power
A large solar array is being planned to fully power Northeast Philadelphia Airport (PNE).
A bill that still needs approval by City Council would authorize a contractor to build a 1.5-megawatt solar farm. In return, the city would purchase the energy for the airport for 25 years at a set rate.
It would become the largest municipal on-site solar...Read more
Catherine Thorbecke: What if AI retraining is just a comforting lie?
No one knows whether AI will trigger a white-collar jobpocalypse. The loudest warnings still come from people building and selling the technology, whose predictions often double as hype-mongering or cover for unrelated cost cutting with investor-friendly language. Think-tank and analyst forecasts are no less vertiginous.
The honest answer is ...Read more
World Business Chicago picks design contest finalists: Covered highways, residential alleys, recycling tourism
CHICAGO — When architect Daniel Burnham created the 1909 Plan of Chicago, his “make no little plans” vision shaped the development of the city, its parks system and its open lakefront for more than a century.
World Business Chicago, which hosted the “Horizon Lines” open design contest this spring, is hoping it may have found the next ...Read more
Value of Huntington Beach defense tech startup balloons to $1.8 billion
LOS ANGELES — California defense tech startup Mach Industries said Tuesday it raised $300 million, nearly quadrupling the company's valuation to $1.8 billion within a year.
The Huntington Beach startup's soaring valuation underscores how defense tech funding is booming as armed conflicts such as the Iran war and the Russian-Ukrainian war ...Read more
Parmy Olson: Google's AI shift is causing a collective freak-out
When Google recently announced radical changes to its search tool that will overshadow the page of blue links we’ve been used to seeing for more than a decade, online advertisers had something of a collective freak-out. The Alphabet Inc.-owned company called it the biggest such shift in more than 25 years, and that the search bar would be “...Read more
US companies add 122,000 jobs, most since January 2025
U.S. companies in May added the most jobs since January 2025, signaling the labor market may be gaining momentum despite rising energy costs sparked by the Iran war.
Private-sector payrolls rose by 122,000 after advancing 105,000 in the prior month, according to ADP Research data out Wednesday. The median estimate in a Bloomberg survey of ...Read more
SpaceX targets $75 billion in IPO at $135 per share
SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal.
The rocket, satellite and artificial intelligence company aims to ...Read more
Transmission lines, the arteries of the power grid, need more room to breathe
They don’t look like much — two small boxes and a solar panel mounted on some utility poles around Pittsburgh. A small weather station and a sensor, constantly updating Duquesne Light on the conditions of its transmission lines.
The system is crunching the data into a physics equation that governs how transmission lines operate. The more ...Read more
Silicon Valley's humanoid robots are learning how to do your job -- in the kitchen
Fernando Flores can spend eight hours a day pouring the same cup of coffee.
He is not a barista. He's a robot puppeteer, trying to train humanoids.
He manipulates mechanical controllers to make nearby robot arms pick up a pot of coffee, pour it into a mug and put the pot back in the coffee maker. Flores checks for spills, then empties the mug ...Read more
Massachusetts attorney general's lawsuit alleges $100M fraud by UnitedHealthcare
The attorney general in Massachusetts is suing UnitedHealthcare, alleging in the lawsuit that the Minnetonka-based health insurance giant pocketed millions by overstating the health risks of lower-income residents enrolled in a health plan for Medicaid beneficiaries.
Between January 2015 and December 2025, UnitedHealthcare systematically ...Read more
As students protest artificial intelligence, Pitt professor cautions: 'We cannot delay the AI adoption'
Mark Ma wants to know how the workforce really feels about artificial intelligence — so he’s tracking exactly that.
An associate professor of business administration at the University of Pittsburgh, Ma spent the past four years studying the motives behind return-to-office mandates after the pandemic. He became a go-to voice on the issue ...Read more
Minnesota Star Tribune cuts jobs and pursues nonprofit ownership structure
The Minnesota Star Tribune will cut its workforce by 15% through buyouts and layoffs, executives said Tuesday evening, just a month after the newspaper won a Pulitzer Prize for its coverage of the Annunciation school and church shooting.
Chief executive Steve Grove also signaled a potential new ownership structure for the news organization, ...Read more
Ex-girlfriend of former Google CEO Eric Schmidt ordered to pay him $10 million after rape accusations
An arbitrator has sided with former Google Chief Executive Eric Schmidt, saying in a preliminary ruling that he was not guilty of sexual assault against his former girlfriend and business partner Michelle Ritter.
The arbitrator, retired Washington State Judge Beth Andrus, recently ordered Ritter to pay $10.7 million in damages to Schmidt.
...Read more
US lowers tariffs on farm, industrial equipment as costs soar
The White House announced it will reduce tariffs on imported farm and construction equipment such as harvesters and forklifts, an effort to boost the industrial economy and provide relief for American farmers.
Under a proclamation issued late Monday, those duties would drop to 15% from 25%. Foreign companies could qualify for a lower 10% levy ...Read more
Judge blocks Polymarket from operating in Nevada
A Carson City judge has granted the Nevada Gaming Control Board’s motion for a preliminary injunction blocking the operation of a third prediction market in the state.
First Judicial District Court Judge Jason Woodbury on Friday granted the Control Board’s motion and state officials believe a formal written order is forthcoming.
“We are ...Read more
Offices are pressure cookers. Demanding that workers come in more often turns up the heat
Office life is tense these days in light of reorganizations, layoffs and now expanding in-office mandates.
And with the rollout of artificial intelligence at workplaces threatening to displace white-collar jobs, workers are riddled with fear about their futures.
This cocktail of factors is contributing to higher levels of stress and anxiety ...Read more
China catching up to US on autonomous driving tech, experts warn
Market conditions in China, regulatory changes there and its brands' speedy vehicle development threaten to put the United States behind in developing autonomous driving technologies, experts say.
Direct comparisons are rare, given the lack of Chinese vehicles in the United States and data-sharing restrictions between the two nations. But that'...Read more
More middle-class Californians cancel health coverage after losing federal aid
Facing higher premiums and the loss of federal subsidies, 374,000 people with health insurance from the state marketplace known as Covered California canceled their coverage in the first three months of the year, according to government statistics.
The cancellations amount to 19% of those who had renewed their policies on the state marketplace ...Read more
Popular Stories
- Minnesota Star Tribune cuts jobs and pursues nonprofit ownership structure
- Transmission lines, the arteries of the power grid, need more room to breathe
- Massachusetts attorney general's lawsuit alleges $100M fraud by UnitedHealthcare
- Executives at Solventum commute to Minnesota by plane. A shareholder wants to change that
- As students protest artificial intelligence, Pitt professor cautions: 'We cannot delay the AI adoption'









