Business

/

ArcaMax

Ford Motor Co./TNS

How Ford's 'skunkworks' team is designing a more efficient EV

Business / Business News /

Ford Motor Co. engineers assigned to work on the Dearborn, Michigan, automaker's new electric vehicle platform often take several months to transition to the group's different approach to vehicle development, the team's executive director said.

Ford a few years ago broke off a small team of engineers and designers it called "skunkworks" in ...Read more

Glen Stubbe/The Minnesota Star Tribune/TNS

Mayo Clinic testing Israeli magnetic-heating technology as cancer treatment

Business / Business News /

Anyone who has used an induction cooktop to boil noodles is halfway to understanding Mayo Clinic’s new experimental approach to killing cancer cells.

The Rochester-based health system announced Tuesday it is the first in the U.S. to test Israeli technology that targets solid tumors with fast-rising heat, or hyperthermia.

“Temperature is ...Read more

Dreamstime/Dreamstime/TNS

General Mills lowers sales, profit outlook as stressed consumers spend less

Business / Business News /

General Mills is forecasting a drop in sales this fiscal year as many Americans continue to cut back in the grocery aisle.

The Minnesota-based food company lowered its outlook in the face of “historically low consumer sentiment, heightened uncertainty and significant volatility,” CEO Jeff Harmening said at the Feb. 17 Consumer Analyst Group...Read more

Al Seib/Los Angeles Times/TNS

Weeks before studio negotiations, the Writers Guild of America's staff union goes on strike

Business / Business News /

The Writers Guild of America West's own staff union is officially on strike.

According to a release, the staff union called for an unfair labor practice strike on Tuesday afternoon, alleging management has shown no intention to come to an agreement on the pending contract. Among its accusations, the labor group also said that guild management ...Read more

Myung J. Chun/Los Angeles Times/TNS

Warner Bros. Discovery reopens bidding, gives Paramount 7 days to make its case

Business / Business News /

LOS ANGELES — Warner Bros. Discovery is cracking open the door to allow spurned bidder, Paramount Skydance, to make its case that it should win the legendary entertainment company — the latest twist in the contentious, high-stakes auction.

Warner's decision to reopen talks comes after weeks of pressure from Paramount and its controlling ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

US, Nippon Steel to reline Gary Works blast furnace this year

Business / Business News /

U.S. Steel’s Gary Works facility, later this year, will receive its blast furnace reline through Nippon Steel’s investment into the American company.

Some Gary residents and activists are still opposed to the reline, saying they don’t believe it’s the best move environmentally.

The reline for blast furnace #14 will cost $350 million ...Read more

Robyn Beck/AFP/Getty Images North America/TNS

$7.25 billion settlement pitched in Bayer Roundup case. St. Louis court to review

Business / Business News /

ST. LOUIS — Agri-chemical giant Bayer has agreed to a proposed $7.25 billion class-action settlement, a big step toward resolving thousands of lawsuits claiming that exposure to the weedkiller Roundup caused non-Hodgkin lymphoma.

Tuesday's proposed settlement would pay people across the United States exposed to Roundup and diagnosed with the ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Graduate student workers at Penn reach a tentative agreement, avoiding a strike

Business / Business News /

Penn’s graduate student workers have reached a tentative agreement on a first union contract, averting a strike.

The two-year tentative agreement includes increases to wages among other benefits.

“I am so proud of what we were able to accomplish with this contract,” Clara Abbott, a Ph.D. candidate in literary studies and member of the ...Read more

Tampa Bay Times/Tampa Bay Times/ZUMA Press Wire/TNS

Despite warning signs, Pennsylvania failed to take action in massive fraud case

Business / Business News /

After weeks of investigating the inner workings of a giant investment company with ties to Pittsburgh, Toni Caiazzo Neff said she tried to do the right thing.

The former securities regulator had pored over the New York company's profit claims and mounting expenses.

She studied its purchases, including the acquisitions of car dealerships like ...Read more

Karen Ducey/The Seattle Times/TNS

Starbucks CEO makes 1,794 times his average employee. Here's why

Business / Business News /

When Michelle Eisen and her fellow baristas organized an upstart union at a Starbucks, she and others were frustrated by the messaging from the top.

It was late 2021 and Starbucks’ then-CEO Kevin Johnson was making the rounds in the media to discuss Starbucks’ stellar year amid the pandemic. The company reported that it ended its fiscal ...Read more

Pedro Portal/Miami Herald/TNS

Palantir is latest tech firm to move headquarters to Miami

Business / Business News /

Palantir Technologies Inc. said it’s moved its headquarters to Miami from Denver at a time when more tech firms are flocking to South Florida where local officials are promoting the region as an alternative to Silicon Valley.

The relocation announcement was made Tuesday in a brief statement on the social media platform X. A spokesperson for ...Read more

Investors snub the software dip, brace for deeper AI disruption

Business / Business News /

Investors are avoiding beaten-down software stocks, warning that the brutal selloff triggered by fears of displacement by artificial intelligence is likely only just beginning.

What’s quickly become known as the AI scare trade has ravaged major software names in the U.S. and Europe in recent weeks. Fund managers at the likes of Amundi SA and...Read more

Henry Payne/The Detroit News/TNS

Affordability angst: How automakers are courting price-shocked buyers

Business / Business News /

For 27-year-old Kenneth Slowik, an affordable vehicle is the 1998 Chevrolet GMT truck he bought last month for $900, complete with a broken driver-side door that he taped shut to keep out the cold during the frigid Michigan winter.

The truck runs, he said. That's about it.

"I was looking for something just to transport for work, for me and my ...Read more

Myung J. Chun/Los Angeles Times/TNS

Warner Bros. Discovery reopens bidding, gives Paramount seven days to make its case

Business / Business News /

LOS ANGELES — Warner Bros. Discovery is cracking open the door to allow spurned bidder, Paramount Skydance, to make its case — but Warner's board still maintains its preference for Netflix's competing proposal.

Warner's move to reopen talks comes after weeks of pressure from Paramount, which submitted an enhanced offer to buy Warner last ...Read more

Erika Schultz/The Seattle Times/TNS

WA small businesses struggle to keep up with health insurance hikes

Business / Business News /

Every year, Kris Bullinger braces herself for insurance sticker shock.

Bullinger is a co-owner of Olympic Truck Service, a diesel repair shop in Tumwater, Washington. Health coverage for the company’s 17 employees has long been one of her fastest rising and most unpredictable expenses.

The same coverage costs more every year," she said.

...Read more

Feds to offer 14 oil and gas leases in Nevada

Business / Business News /

The Bureau of Land Management has opened a public comment period for 14 oil and gas leases in the Elko District in the northeastern part of Nevada.

The potential leases encompass approximately 20,600 acres which could be potentially included in a lease sale this September. The public comment period will end March 11.

“Leasing is the first ...Read more

Alex Wong/Getty Images North America/TNS

Tracking Trump's affordability proposals: How his policies could affect your wallet

Business / Business News /

President Donald Trump and his administration have made a lot of big promises to improve affordability since taking office. Those promises have ramped up as consumers increasingly feel pinched by the U.S. economy, from sticky inflation and a stagnant job market to high interest rates. The macroeconomic data broadly suggests that the economy is ...Read more

Shae Hammond/Bay Area News Group/TNS

Was Super Bowl LX an economic boon for the Bay Area?

Business / Business News /

SAN JOSE, California — On Saturday night before Super Bowl LX, crowds of football fans packed The Brit Sports Pub & Patio in downtown San Jose, overflowing to the sidewalk until the early hours of the morning.

“This is the time to make money,” said bar owner Jasbir Singh, who saw business jump 250% above normal last weekend.

Across the ...Read more

Breana Noble, The Detroit News/The Detroit News/TNS

Ford's 'refined' EV plans seek Model e profitability: Here's how

Business / Business News /

Ford Motor Co.'s Model e electric vehicle division has lost billions of dollars for years, but executives say it'll exit the red by 2029.

Expensive batteries and capital investments for new plants have challenged margins for the division. Unlocking its value is a key part of the company's goal of achieving an 8% adjusted operating margin by ...Read more

Robin Buckson, The Detroit News/The Detroit News/TNS

Michigan experts warn of worsened air quality after Trump climate move

Business / Business News /

WASHINGTON — Experts warn air quality will worsen because of the Trump administration's repeal of the legal basis for federal climate rules, despite a top federal regulator saying the move "does not change regulations on traditional air pollutants and air toxics."

U.S. Environmental Protection Agency head Lee Zeldin made that statement ...Read more