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Dreamstime/Dreamstime/TNS

PayPal is working with Goldman, Evercore as suitors circle

Business / Business News /

PayPal Holdings Inc. has been working with advisers to review strategic options, people familiar with the matter said, as Stripe Inc. and private equity firm Advent pursue a $50 billion-plus takeover of the fintech pioneer.

The San Jose, California-based company has been working with Goldman Sachs Group Inc. and Evercore Inc. in recent months ...Read more

Aric Crabb/Bay Area News Group/TNS

Newsom revives local news fund at a fraction of the amount first promised

Business / Business News /

Months after Gov. Gavin Newsom stripped state funding from a much larger plan to support California journalism, his office announced Tuesday that the state and Google will put a combined $40 million into grants for local newspapers over the next two years.

California and Google will each contribute a total of $20 million to the California Civic...Read more

Laurie Ochoa/Los Angeles Times/TNS

Midwest burger chain targets California, taking on In-N-Out

Business / Business News /

Watch out, In-N-Out; another chain is targeting California consumers with its big burgers.

Although Freddy's Frozen Custard & Steakburgers features California on its menu with its "California Style Double" burger, only a handful of its outlets are in California.

Last week, it announced plans to change that by making Northern California a focus...Read more

Benjamin Hager/Las Vegas Review-Journal/TNS

Tourism still drives Southern Nevada economy despite visitation dip, analyst says

Business / Business News /

Despite a decline in visitation last year, Southern Nevada’s tourism industry remained the region’s dominant economic engine, generating $50.8 billion in visitor spending and supporting nearly one out of every three jobs, according to a new report presented Tuesday.

Jeremy Aguero, principal analyst with Las Vegas-based economic research ...Read more

Brian van der Brug/Los Angeles Times/TNS

Paramount shareholder lawsuit accuses Ellisons of 'corruption'

Business / Business News /

In the latest lawsuit against Paramount Skydance, a corporate shareholder has alleged corruption at the highest levels of the company, which is battling to complete its $111 billion takeover of rival Warner Bros. Discovery to create a new media behemoth.

Controlling shareholders Larry Ellison and his son David have presided over a firm that ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Inside the states' case to block the Paramount-Warner Bros. merger: 'Each side is taking risks'

Business / Business News /

California Attorney General Rob Bonta's big swing — leading a coalition of 12 state attorneys general to try to block Paramount Skydance's $111-billion takeover of Warner Bros. Discovery — could reverberate through the entertainment business for years to come.

Late Monday, Bonta's coalition of Democratic prosecutors asked a federal judge to...Read more

Dreamstime/TNS/Dreamstime/TNS

322,000 Californians sign up to have data brokers delete their personal information

Business / Business News /

More than 300,000 Californians have demanded that hundreds of data brokers erase information about their locations, finances, health and personal lives as the state’s first-in-the-nation Delete Act requires brokers to start the mandatory process of removing data on Aug. 1.

Brokers must start accessing deletion requests within 45 days after ...Read more

Breana Noble/The Detroit News/TNS

Q&A: Ford CEO talks about shaping a long-term quality culture

Business / Business News /

Ford Motor Co. CEO Jim Farley has visited 13 plants in the past year and plans to see at least two more before the year's end.

The plant visits are part of the Dearborn, Michigan, automaker's efforts to improve quality after warranty costs have hit financial results and it has posted record annual recalls. The work in rethinking its operations ...Read more

Daniel Mears/The Detroit News/TNS

Mechanics say they're losing business as vehicles get more high tech

Business / Business News /

High-tech features are making vehicles more expensive and difficult to repair, putting pressure on already strained car owners and posing an existential crisis for mom-and-pop mechanics, analysts and consumer advocates say.

At issue is the shift from mostly mechanical vehicles to "big four-wheel rolling computers," as one auto industry analyst ...Read more

Dreamstime/Dreamstime/TNS

A 'next generation studio' for YouTube creators

Business / Business News /

LOS ANGELES — Hollywood's fascination with YouTube creators is going to the next level.

Los Angeles-based investment firm Content Partners and media entrepreneur Ed Simpson announced this week that they are launching a new company, Wonderloom Media, that will acquire YouTube-creator led businesses.

Wonderloom's first acquisition is YouTube ...Read more

Rainier Ehrhardt/Getty Images North America/TNS

AI bumps power cost 60% as mega US grid fails to hit supply goal

Business / Business News /

Power-hungry data centers have increased supply costs for the largest U.S. electric grid by more than 60%, the system watchdog said.

PJM Interconnection LLC, which serves 13 states and Washington, DC, said Tuesday that its auction to procure power for the year starting June 2028 tied a $16.4 billion record set in late 2025. Data centers ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing's 737 Max passes 737 NG as company's best-selling airplane

Business / Business News /

Boeing’s 737 Max family is now the company’s best-selling airplane, surpassing its predecessor, the 737 Next-Generation, or NG.

After booking 100 orders for the 737 Max in June, Boeing has recorded a total of 7,206 orders for the Max family, the company said Tuesday when announcing its monthly orders and deliveries total.

The 737 NG, which...Read more

Al Seib/Los Angeles Times/TNS

Writers Guild sues Paramount, claiming Warner Bros. acquisition would take away jobs

Business / Business News /

The Writers Guild of America sued Paramount Skydance on Tuesday, alleging that the company’s planned $111 billion acquisition of Warner Bros. Discovery violates federal antitrust law. The union said that with fewer competitors, the merged Paramount-Warner Bros. Discovery business would be able to lower costs by reducing writers’ wages and ...Read more

Tyger Williams/The Philadelphia Inquirer/TNS

Five Below plans to have 2,000 stores soon -- on par with Home Depot and Target

Business / Business News /

Five Below has been opening hundreds of new stores in recent years, and this month, the Philadelphia-based retailer is set to add its 2,000th location.

The new store is expected to open in LaGrange, Georgia, on Friday, July 17, the company announced earlier this month.

“Reaching 2,000 stores is an incredible milestone for our brand whose ...Read more

Justin Sullivan/Getty Images North America/TNS

States reach $18 million settlement with 23andMe

Business / Business News /

Genetic testing company 23andMe and a group of attorneys general nationwide have reached a multimillion-dollar settlement following the major data breach that led to the company’s demise three years ago.

More than 40 attorneys general, including Pennsylvania‘s Dave Sunday, announced the national $18 million settlement with the genetic ...Read more

Rob Nikolewski/San Diego Union-Tribune/TNS

California to offer $3,500 EV rebates to first-time buyers

Business / Business News /

California rebates for electric vehicles are coming back.

Gov. Gavin Newsom signed legislation on Monday that offers $3,500 for first-time buyers of EVs that cost $50,000 or less. There’s also a rebate of $1,750 for first-time buyers who purchase a used electric vehicle with an MSRP of up to $25,000.

The governor’s office said Californians...Read more

DREAMSTIME/TNS

Looking for a job? UCSD professor says how fast you answer an employer could help you land the gig

Business / Business News /

Triple-check your resume. Get to your interview early. Always send a thank-you note.

A recent scholarly article co-authored by University of California-San Diego's Rady School of Management professor On Amir found that job seekers have one more tool to help boost their chances of getting hired: answer fast.

“Our studies identify a distinct ...Read more

Mario Tama/Getty Images North America/TNS

US CPI falls for the first time since 2020, core gauge flat

Business / Business News /

U.S. consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates.

The consumer price index fell 0.4% from May, dragged down by the biggest decline in gasoline prices since 2022, according to Bureau of Labor ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

The AI effect: University of Chicago Law School opts to prohibit electronic devices in some classrooms

Business / Business News /

Come fall, first-year students at the University of Chicago Law School will be prohibited from using electronic devices like laptops, tablets and phones in the classroom throughout the 2026-27 academic year. The new policy comes as artificial intelligence continues to affect the higher education landscape and schools grapple with how to handle ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Freedom Fuel stations across the Philadelphia region offer cheap gas, feature local owners, and raise ethical concerns

Business / Business News /

Across the Philadelphia region, former Sunoco, Karco, and Gas N Go stations with makeshift Freedom Fuel Network signs have been selling less-expensive gas to drivers for about a week.

Who is behind the 25 gas stations selling Freedom Fuel in the Philadelphia region, and how they are able to offer gas 40 to 50 cents cheaper than nearby stations,...Read more