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Daniel Mears/The Detroit News/TNS

Business fuel-saving efforts give automakers software opportunities

Business / Business News /

DETROIT — Businesses and commercial fleet operators are seeking ways to reduce fuel costs as prices spike, but unlike previous hikes, software technologies offer a greater opportunity for automakers to capitalize on those needs.

Fuel costs for some companies have close to doubled over the past couple of months amid the blockage of the Strait ...Read more

JOSH EDELSON/AFP/Getty Images North America/TNS

Elon Musk loses case against Sam Altman over OpenAI's overhaul

Business / Business News /

A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company.

The verdict reached Monday in federal court in Oakland, California, follows a trial over the bitter feud between the entrepreneurs...Read more

L.E. Baskow/Las Vegas Review-Journal/TNS

New Cirrus Aviation program offers flights on private jets

Business / Business News /

Travelers will soon be able to fly from Las Vegas to Southern California on private jets at rates comparable to first-class tickets on major airlines.

Las Vegas-based Cirrus Aviation Services is launching Theos, the company’s first-ever by-the-seat, members-only flying program. It is designed to create a more curated, membership-based access ...Read more

Katy Kildee/The Detroit News/TNS

GOP lawmaker wants DOJ to probe Gov. Gretchen Whitmer's ties to donor and businesswoman Fay Beydoun

Business / Business News /

LANSING, Mich. — Michigan Senate Minority Leader Aric Nesbitt asked the U.S. Department of Justice on Monday to investigate Gov. Gretchen Whitmer's connections to businesswoman and political donor Fay Beydoun.

On May 6, state Attorney General Dana Nessel charged Beydoun of Farmington Hills with 16 felonies, alleging Beydoun had misused a $20 ...Read more

Armando L. Sanchez/Chicago Tribune/TNS

DraftKings closing its 2-year-old retail sportsbook at Wrigley Field

Business / Business News /

CHICAGO — Blaming increased Illinois wagering taxes, DraftKings is shutting down its two-year-old retail sportsbook at Wrigley Field, a high-profile but small part of its business.

DraftKings, one of the leading sportsbooks in the state, will continue to operate online across Illinois, but the last day to place your bets in-person at the ...Read more

JOSH EDELSON/AFP/Getty Images North America/TNS

Elon Musk loses case against Sam Altman over OpenAI's future

Business / Business News /

A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company.

The verdict reached Monday in federal court in Oakland, California, follows a trial over the bitter feud between the entrepreneurs...Read more

Terrence Antonio James/Chicago Tribune/TNS

Gas surges past $4 a gallon while tomato and beef prices notch new records. A look at rising costs amid the Iran war

Business / Business News /

The Bureau of Labor Statistics’ latest consumer price report is here, and the data shows most grocery staples trending upward, electric costs at all-time highs and gas prices back above $4 per gallon nationally for the first time since 2022.

Overall, inflation accelerated in April, with costs rising 0.6%. Though steep, the monthly increase is...Read more

Justin Sullivan/Getty Images North America/TNS

US House proposes sweeping EV fee, adding to existing state charges

Business / Business News /

WASHINGTON — The U.S. House has proposed an annual, nationwide registration fee of $130 for electric vehicles to help address weakening reserves for federal road maintenance.

The fee would eventually rise by $5 every two years beginning in 2029, with a maximum fee of $150. The proposal also calls for a $35 fee on plug-in hybrid models, to be ...Read more

Brian Cassella/Chicago Tribune/TNS

As data centers seek more power, Constellation launches nuclear plant upgrades to meet rising demand

Business / Business News /

BRACEVILLE, Illinois — Inside Illinois’ largest nuclear power plant, massive turbines pull 100,000 gallons of water a minute from Braidwood Lake.

On a recent tour of the Braidwood Nuclear Generating Station, a sprawling facility the size of two football fields and anchored by dual reactors, Constellation operators and technicians worked ...Read more

BlueOval/TNS

Ford Energy announces first customer for stationary energy storage

Business / Business News /

Ford Motor Co.'s stationary battery energy storage business has announced a five-year framework agreement with its first customer: a developer of energy facilities.

EDF power solutions North America, a subsidiary of France's EDF Group, will have the ability to procure up to 4 gigawatt hours of battery energy storage systems annually from Ford ...Read more

Ford/Ford/TNS

Ford Europe plans five new vehicles to turn around passenger business

Business / Business News /

Ford Motor Co. will launch five all-new “multi-energy” passenger vehicles in Europe by the end of 2029 as it seeks to grow its retail share.

The Dearborn automaker has faced challenges across the pond. Although it has leadership in commercial vehicles on the continent, the Blue Oval has struggled with market share in the retail space. The ...Read more

Mohamed Ahmed Soliman/Dreamstime/TNS

NextEra to buy Dominion for $67 billion to create US power giant

Business / Business News /

NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia.

The scope of the transaction underscores how the spike in AI-driven power demand is pushing the utilities ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

With gold near $5,000 an ounce, Americans empty their attics, and buyers hire to keep up

Business / Business News /

Gold doubled in price over the past two years, briefly topping $5,000 a troy ounce on Jan. 28. Since then, it’s stayed close to that price, a record high even after discounting inflation.

Around the same time, silver topped $100 an ounce for the first time, and the price has been bouncing since, from $70 to $90.

Precious metals buyers say ...Read more

Dreamstime/Dreamstime/TNS

Snap, YouTube settle school-social media suit ahead of trial

Business / Business News /

Google’s YouTube and Snap Inc. reached agreements to settle the first lawsuit headed to trial over claims that addiction to top social media platforms has disrupted learning and pushed public schools to spend massive sums fighting a mental health crisis, according to court filings.

TikTok and Meta Platforms Inc. were also sued by the rural ...Read more

Armando L. Sanchez/Chicago Tribune/TNS

Ford City Mall to shut down over safety concerns, ending 60-year run on Chicago's Southwest Side

Business / Business News /

The main building at Chicago’s Ford City Mall will shut down permanently in about five weeks due to what city attorneys have described as unsafe conditions, ending its more than 60-year run as a top retail destination for the Southwest Side.

“The main mall will be shuttered June 22 at noon,” Assistant Corporation Counsel Greg Janes said ...Read more

Ken Lambert/The Seattle Times/TNS

Leader of Microsoft Israel to step down amid probe

Business / Business News /

The leader of Microsoft's Israel subsidiary is stepping down at the end of May amid a probe into the company's relationship with the Israeli government.

Alon Haimovich, general manager of Microsoft Israel, will leave the company after four years in the role and seven years at Microsoft, the company said in a news release earlier this month.

...Read more

Sara Cardine/Los Angeles Times/TNS

Why the infuriatingly catchy Kars4Kids jingle got yanked off the air in California

Business / Business News /

The frustratingly unforgettable Kars4kids jingle, which has been worming its way into listeners' brains for decades, is officially banned from the airwaves in California.

While the 1-877-KARS4KIDS song has been called one of the most memorable jingles in history, a court has ruled it is misleading.

A California man took the group behind it to ...Read more

DREAMSTIME/TNS

UnitedHealth tracks workers' AI use in push to transform company

Business / Business News /

UnitedHealth Group Inc. is tracking how often some employees use artificial intelligence tools as part of a push to embed the technology throughout its operations, according to people familiar with the matter.

The company is monitoring whether some workers in its Optum services division perform at least one query a day with programs such as ...Read more

Starbucks continues layoffs, cuts hundreds of support roles across US

Business / Business News /

Starbucks is laying off hundreds of employees across the U.S. as it attempts a turnaround.

Starbucks announced Friday that it plans to lay off 300 workers. The news came less than a week after the company let go of 61 corporate employees as a result of a reorganization in its technology department, according to a state filing.

Leaders have ...Read more

DREAMSTIME/TNS

Hackers armed with AI stoke fears for $130 billion crypto sector

Business / Business News /

The crypto hacks came a little over two weeks apart in April, netting the attackers almost $600 million in total while triggering an investor exodus from one major platform and causing another to fail.

But for all the damage the two exploits wrought, what most alarmed cybersecurity experts was how the hackers pulled them off. The attackers —...Read more