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Hormel's next CEO has dishwashing roots, and a corporate turnaround to accomplish

Business / Business News /

MINNEAPOLIS — When John Ghingo was 14, he started dishwashing at his hometown seafood restaurant in New York. Over eight years, he climbed the ranks to front-of-house manager.

The incoming CEO of Hormel Foods, now 53, met his wife there. Now, he encourages his children to work restaurant jobs.

“It’s hard work serving people food every ...Read more

Robyn Beck/AFP/Getty Images North America/TNS

Today's children could prosper in tomorrow's shortage of young workers

Business / Business News /

Today’s children could be the first generation since the 1970s to do better than their parents as young workers become more sought after and well paid. They may even see a surplus of housing to make their lives even easier after recent shortages.

An abundance of young workers will turn into an undersupply by 2040, with better pay and a ...Read more

Xavier Mascareñas/The Sacramento Bee/TNS

Workplace AI surveillance limits considered by California lawmakers. What would the bill do?

Business / Business News /

SACRAMENTO, Calif. — A bill aimed at reducing artificial intelligence surveillance in workplaces has led to fierce debate between competing interest groups.

Proponents of the legislation say the surveillance violates workers’ right to privacy and can be discriminatory. Opponents say the tools that would be banned by the measure are part of ...Read more

Ziyu Julian Zhu/The Sacramento Bee/TNS

California relies on goats to combat fires. A wage change threatens the industry

Business / Business News /

SACRAMENTO, Calif. — Goats have become a familiar sight on California hillsides, munching through weeds and brush before they can become fuel for wildfires. But the companies that put those herds to work said a change in state labor rules have made goat grazing too expensive to continue.

The labor rule in question was a temporary state law ...Read more

Mario Tama/Getty Images North America/TNS

Taco Bell met With Michigan on parasite weeks before recall

Business / Business News /

Michigan health authorities were in touch with Taco Bell’s parent company, Yum! Brands Inc., about a parasitic outbreak in early July, weeks before the company officially alerted consumers.

The Michigan Department of Health and Human Services held a call with Yum on July 2 to discuss cyclospora, according to documents obtained by Bloomberg ...Read more

Breana Noble/The Detroit News/TNS

These older Ford cars, SUVs pose unreasonable safety risks, NHTSA says

Business / Business News /

DETROIT -- The National Highway Traffic Safety Administration on Monday upgraded a defect investigation in older Ford cars and SUVs over what it believes to be "unreasonable risk to motor vehicle safety."

Of concern is a risk that the timing belt may fail and cause the vehicles to lose power. The U.S. auto safety regulator opened the ...Read more

Andrew Caballero-Reynolds/Getty Images North America/TNS

US and Japan aim to transform yen landscape with joint moves

Business / Business News /

U.S. and Japanese officials warned investors they’re determined to keep defending the yen after jolting currency markets with their first joint intervention in 15 years.

It’s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency’s rebound points at interventions larger than in 1998 and ...Read more

Justin Tallis/AFP/Getty Images North America/TNS

Stocks close near record as Amazon tops $3 trillion market cap

Business / Business News /

U.S. stocks rose on the first trading day of the month as attention turned to this week’s heavy slate of earnings reports.

The S&P 500 Index closed 1.5% higher, close to a record high, while the Nasdaq 100 Index advanced 1.8%. The Philadelphia Semiconductor Index, known as the SOX, added 1.1%.

U.S. stocks had closed out July with a gain on...Read more

FAA certifies Boeing's 737 MAX 7, its smallest MAX model

Business / Business News /

SEATTLE — After nearly a decade, federal safety regulators have cleared Boeing’s 737 MAX 7 to fly with passengers.

The Federal Aviation Administration said Monday it completed an “extensive review,” and issued an amended type certificate and updated Production Limitation Record for the MAX 7, the smallest variant of Boeing’s MAX ...Read more

Daniel Mears/The Detroit News/TNS

Drones bring packages, plus noise and privacy concerns in Michigan

Business / Business News /

PONTIAC, Mich. — A drone lifts off from an Amazon facility with a package secured tightly beneath. It climbs over Metro Detroit neighborhoods on its way to a customer's doorstep — and into a growing debate over noise, privacy and who controls the skies.

Amazon is betting drones will reshape package delivery. Amazon Prime Air launched in the...Read more

Los Angeles Times/TNS

Struggling to survive, South LA's MLK hospital seeks greater share of county funds

Business / Business News /

LOS ANGELES — Martin Luther King Jr. Community Hospital in Willowbrook is the main emergency medical care option for hundreds of thousands of South Los Angeles residents, but space is so tight that many patients are treated in large metal-frame tents on the pavement outside.

On a recent summer day, loud air conditioners blew cool air as ...Read more

The Sacramento Bee/The Sacramento Bee/TNS

Ag industry sounds off on California packaging law changes. Who really benefits?

Business / Business News /

SACRAMENTO, Calif. — There’s a lot of talk in the agriculture industry these days around Senate Bill 54 — California’s Plastic Pollution Prevention and Packaging Producer Responsibility Act.

Lawsuits are flying. Letters are being sent to Gov. Gavin Newsom’s administration and the state Legislature. Public comments are in abundance.

A...Read more

Heather Diehl/Getty Images North America/TNS

Driverless cars have touched down in Tampa. Here's what to know

Business / Business News /

TAMPA, Fla. – Fleets of autonomous, unmanned cars have descended upon Tampa.

Elon Musk’s robotaxis hit the streets last week, and curious passengers are already hitching rides in the self-driving vehicles. But Tesla – which touted the technology as the next best thing to its investors – isn’t the only company launching driverless cars...Read more

US and Japan aim to transform yen landscape with joint moves

Business / Business News /

U.S. and Japanese officials warned investors they’re determined to keep defending the yen after jolting currency markets with their first joint intervention in 15 years.

It’s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency’s rebound points at interventions larger than in 1998 and ...Read more

AI weeds out older and minority job applicants, lawsuit against Workday claims

Business / Business News /

A lawsuit claiming that Workday, the dominant human resources platform, uses artificial intelligence tools that discriminate against older, minority and disabled applicants could have far-reaching consequences here and elsewhere.

With Maryland’s largest private employer, Johns Hopkins, preparing to shift much of its hiring process onto ...Read more

AI and chips are turning Malaysia into Asia's growth standout

Business / Business News /

Joel William is about to begin a feasibility study for a Chinese client weighing a chemical plant in Sarawak, Malaysia’s biggest state on the northern coast of Borneo.

Just two years ago, the manufacturer, whose products are used in chip production, had planned to build the factory in the Middle East after securing funding there. The conflict...Read more

AI isn't a catch-all trade for stocks in this earnings season

Business / Business News /

Equity investors are learning a harsh lesson this corporate earnings season: Not all artificial intelligence trades are created equal.

While profits at S&P 500 and Stoxx Europe 600 constituents as a whole are tracking one of the best quarterly increases in years, traders have been much more discerning about how much cash is being spent on ...Read more

Big nuclear fusion project makes progress with components from San Diego's General Atomics

Business / Business News /

A massive nuclear fusion project in France recently completed inserting six critical sector modules built and tested by San Diego-based General Atomics that form the core of ITER — an ambitious international effort to try and unlock the vast potential of fusion as a global energy source.

Stacked atop one another, the modules make up what’s ...Read more

Myung J. Chun/Los Angeles Times/TNS

Paramount, state attorneys general spar over antitrust trial date

Business / Business News /

Paramount Skydance Chairman David Ellison and California Attorney General Rob Bonta are clashing again — this time over when the antitrust trial to determine whether Paramount can complete its nearly $111-billion takeover of Warner Bros. Discovery should begin.

In court documents Friday, Bonta and his coalition of 11 other Democrat attorneys ...Read more

Apple suffers worst rout since 2025 on disappointing outlook

Business / Business News /

Apple Inc. suffered its worst stock decline in 16 months after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.

Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings ...Read more