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Apple, OpenAI and Qualcomm leaders to attend Trump-Xi dinner

Business / Business News /

Apple Inc. Executive Chairman Tim Cook, OpenAI Chief Executive Officer Sam Altman and Qualcomm Inc. head Cristiano Amon are poised to attend a White House state dinner for Chinese President Xi Jinping next week.

A person familiar with the matter said that Cook would be at the event, which U.S. President Donald Trump is holding in Washington. ...Read more

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More Amazon Prime customers may qualify for FTC settlement refunds

Business / Business News /

After doling out more than $845 million to former Amazon Prime customers, Amazon is expanding the qualifications needed for refunds stemming from its settlement with the Federal Trade Commission.

Three days into a trial last year, Amazon and the regulatory agency reached a settlement in which the e-commerce giant agreed to pay $2.5 billion to ...Read more

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FCC approves foreign owners for a merged Paramount-Warner Bros.

Business / Business News /

The Federal Communications Commission on Thursday granted Paramount Skydance's request to allow Middle Eastern royal families to hold a substantial stake in a merged Paramount-Warner Bros. Discovery.

The sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi are slated to indirectly own nearly 50% of the equity in David Ellison's proposed ...Read more

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California newsrooms await grants, Newsom's decision on tax credits

Business / Business News /

California’s beleaguered news industry — which has seen its advertising decline steadily over the past 20 years due to competition from online giants like Google and Meta, resulting in layoffs, smaller newsrooms and less oversight of government — may be thrown two modest lifelines in the coming weeks.

A bill on Gov. Gavin Newsom’s desk ...Read more

Summer Ballentine/The Detroit News/TNS

GM delivers missile parts for defense powerhouse Lockheed Martin

Business / Business News /

General Motors Co.'s military offshoot has delivered its first shipment of parts for use in missiles made by global defense powerhouse Lockheed Martin, the Dallas-based company said Thursday, Sept. 17.

GM Defense made "housing components" for Lockheed's PAC-3 Missile Segment Enhancement missiles, which are used to shoot down enemy air attacks, ...Read more

Real estate Q&A: How do I get my money out of house I co-own with my ex?

Business / Business News /

Q: My ex and I bought a house together two years ago when we were still a couple. We are both on the deed and on the mortgage. Now we have split up and moved out, and she refuses to either sell the house or buy me out. I am still paying half the mortgage on a home I cannot live in. How do I force the issue and get my money out? — Andre

A: You...Read more

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Dollywood's billionaire owners plot future without Dolly Parton

Business / Business News /

Since it opened in 1986, Dollywood has been both monument to Dolly Parton and a bustling venue where visitors can wander through a replica of the two-room log cabin where the singer-songwriter grew up and munch on loaves of her fragrant cinnamon bread between thrill rides.

Now the Tennessee theme park’s legacy rests in the hands of a low-key ...Read more

Daniel Kim/The Seattle Times/TNS

Seattle revisits plan to spur housing construction by slashing fees

Business / Business News /

Hoping to spur apartment construction, Seattle City Council members will soon consider a plan to slash fees developers of new housing pay.

The proposal from Councilmember Dionne Foster, slated for an initial hearing Friday, would temporarily offer developers a 60% to 80% break on Mandatory Housing Affordability fees the city charges on new ...Read more

Tyger Williams/The Philadelphia Inquirer/TNS

A Philly family bought their first home thanks to reparations from Quakers in Germantown

Business / Business News /

PHILADELPHIA — Charmira and Quincy Pilgrim wanted to become homeowners a decade ago when they got married.

But over the years, job losses, jobs that didn’t pay enough, children, unpaid maternity leave, and rising costs of living made saving for homeownership impossible.

They were finally able to start putting money away late last year. And...Read more

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Groceries, gas, rent. Why it's so expensive to live in Los Angeles

Business / Business News /

Cheryl Palumbo was out shopping for herself and her husband last week to pick up some items she had forgotten the day before at the supermarket — and couldn’t quite believe her bill.

The 78-year-old retiree had already spent $150 and here she was back at her local Ralphs forking over another $70 for fruit, vegetables and other food crammed ...Read more

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Kroger pulls Red Bull from shelves nationwide

Business / Business News /

Kroger has stopped selling Red Bull at all its stores and fuel centers nationwide, the company confirmed to the Cincinnati Enquirer.

The last of the energy drink was sold in August and its coolers and displays were removed from stores as of Aug. 31, according to the Enquirer, citing company officials.

Kroger and Red Bull did not immediately ...Read more

Nick Wagner/The Seattle Times/TNS

More delays for Boeing's 777X, CEO Ortberg says

Business / Business News /

Boeing’s 777X certification could push into next year as the company continues to work through an issue with engine maker GE, Boeing CEO Kelly Ortberg said Wednesday.

Separately, the plane-maker’s wing shop in Renton, Washington, could slow Boeing’s efforts to increase its monthly Max production rate.

The wing shop has not kept up with ...Read more

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In reversal, California regulator says unmarried drivers should not pay more for auto insurance

Business / Business News /

For decades, single, divorced and many widowed drivers have paid more for auto insurance in California than those who are married.

That could soon change.

Insurance Commissioner Ricardo Lara in a surprising decision announced Wednesday he is barring auto insurers from considering marital status in setting premiums.

While the insurance ...Read more

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Oracle lays off hundreds in Seattle, part of sweeping cuts

Business / Business News /

Cloud computing giant Oracle is laying off more employees this week as it extends a multibillion-dollar restructuring plan. The job cuts include 359 in Seattle, according to a regulatory filing Wednesday.

The Austin, Texas-based company disclosed in an annual regulatory filing earlier this year that its total workforce decreased by roughly 21,...Read more

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Fed raises rates as Warsh bucks Trump to contain inflation

Business / Business News /

The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump.

“We removed a dose of accommodation so that financial and credit conditions would be more consistent ...Read more

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Fed raises rates as Warsh bucks Trump to contain inflation

Business / Business News /

The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump.

“We removed a dose of accommodation so that financial and credit conditions would be more consistent ...Read more

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Terry Savage: Why the national debt should concern us

Business / Business News /

The U.S. national debt now exceeds $40 trillion — a MEGO number, which stands for "my eyes glaze over." Why should you care? No one else seems worried. Not Congress, for sure. They just keep spending and borrowing more.

There’s always been someone willing to lend us money. The rest of the world — until now — has been comfortable buying ...Read more

Al Seib/Los Angeles Times/TNS

Paramount, California attorney general ordered to meet for merger settlement talks

Business / Business News /

Paramount Skydance will meet with California Attorney General Rob Bonta's representatives next month for court-ordered settlement talks that could clear a path for David Ellison's $111 billion takeover of Warner Bros. Discovery.

The two sides will convene for two days, Oct. 14 and Oct. 15, according to court documents filed this week.

The ...Read more

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Ford's 2027 F-150 seeks off-road affordability with lower-content models

Business / Business News /

DETROIT — Ford Motor Co. is addressing affordability for off-road enthusiasts with F-150's 2027 model year by lowering the starting price on its Tremor and Raptor trims.

On track for its 50th consecutive year of U.S. truck sales leadership, the Dearborn, Michigan automaker is looking to expand accessibility to its off-road trims and ...Read more

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Tech review: Ultenic U18 stacks up nicely against its more expensive competition

Business / Business News /

Most every household has a vacuum — many have more than one.

Our main vacuum is a Dyson DC07 I bought refurbished in 2008. That upright vacuum has been the mainstay in our house and it still performs flawlessly.

My job reviewing gadgets has brought more than a few other vacuums into our home. Not many earn a permanent spot in the hall closet...Read more