General Motors Co.'s profits are rising as the Detroit automaker leans into money-making trucks and stops the bleeding from money-losing electric vehicles. One by-product: payouts to stockholders.

The automaker on Tuesday reported profits of $3.9 billion from April to June, up almost $1 billion compared to the same time last year. That's when ...Read more

Amazon.com Inc.’s business sales unit was recently on track to sell $60 billion of merchandise over the course of a full year, up about 71% from 2023, evidence that the world’s largest online retailer is gaining ground in corporate sales.

Amazon Business, a service that lets a range of businesses, schools and government entities place ...Read more

FARNBOROUGH, England — Boeing’s long-delayed 777X program faces another setback after one of its largest customers said it has concerns with the earliest-built planes.

Tim Clark, who runs Gulf carrier Emirates, said Tuesday the airline would not accept the first 10 777X planes slated for delivery due to the massive amount of repair work ...Read more

The sale of notorious Oceanwide Plaza in downtown Los Angeles is expected to be approved by a bankruptcy court judge, clearing the path for removal of graffiti that has loomed over the city skyline for years and completion of the long-stalled real estate development.

Work cleaning the skyscrapers — known informally as Graffiti Towers — ...Read more

The last time California foreclosures were this high was pre-pandemic, in 2019.

However, if you see this as a signal that hordes of California homeowners are going to lose their homes to foreclosure, just like the last real estate crash, you may be waiting a while.

My trusty spreadsheet reviewed a report from the real estate tracker Attom on ...Read more

Walt Disney Co. is laying off several hundred employees, including at Pixar Animation Studios and National Geographic, a company spokesperson said Tuesday.

Pixar is eliminating less than 10% of its staff, and the cuts are concentrated mostly in production and operations, according to a person familiar with the matter who declined to be named.

...Read more

LOS ANGELES — Netflix has revealed just how big it is betting on artificial intelligence, shelling out more than half a billion dollars for one of the early AI movers in Hollywood.

In March, the Los Gatos, California-based company announced it was acquiring Ben Affleck's AI film tech company, InterPositive. A new securities filing shows that ...Read more

A Delaware judge dismissed UnitedHealth Group’s defamation lawsuit against the Guardian, the U.K. news outlet that published a May 2025 story alleging the Eden Prairie-based health giant made secret payments to reduce costly hospital transfers.

In a ruling Monday, Delaware Superior Court Judge Calvin L. Scott, Jr., dismissed all six ...Read more

Two of California's boldest aerospace innovators joined forces to unveil an autonomous attack aircraft Monday.

Anduril Industries, a military technology company based in Costa Mesa, approached the San José-based air taxi venture Archer Aviation two years ago with a concept for a dual-use, self-flying rotorcraft.

The jointly developed hybrid-...Read more

General Motors Co.'s profits are up as the Detroit automaker leans into profitable trucks and stops the bleeding from money-losing electric vehicles, prompting payouts to shareholders.

The automaker on Tuesday reported profits of $3.9 billion from April to June, up almost $1 billion compared to the same time last year when tariffs shocked the ...Read more

The quickest way to clear a room full of people is to tell them that you work in the insurance industry.

“Because they think you’re going to try to sell them life insurance or something like that, when the reality is nothing could be further from the truth,” said Patrick Hanley, a former industry executive and current director of the UNLV...Read more

FARNBOROUGH, England — In a first for the aviation industry, GE Aerospace flew its experimental hybrid electric aircraft over the Atlantic Ocean.

In test flights, it has successfully flown the aircraft at an altitude of 30,000 feet, matching the altitude most passenger aircraft fly today and successfully taking the technology out of its ...Read more

A growing number of corporate leaders, buckling under the stress and uncertainty of the AI age, are looking for a very human solution: A chief of staff.

Postings for the job more than doubled last year, according to Revelio Labs, with salaries that can reach $400,000. And the number of professionals in North America now holding the title has ...Read more

Thirteen automakers have agreed to participate in California’s new electric vehicle rebate program that will roll out later this summer, including Tesla, which manufactures the top-selling model in the Golden State.

Gov. Gavin Newsom last week announced the MyFirstEV program, which will offer $3,500 for first-time buyers of EVs that cost $50,...Read more

Homeowners all over the country are feeling the crush of rising insurance costs. But that burden isn’t distributed evenly.

Property owners in predominantly Black and Hispanic corners of the country pay higher home insurance premiums than those in mostly white areas, even when factoring for environmental risk, the Consumer Federation of ...Read more

Ford Motor Co. autoworkers in Canada represented by labor union Unifor on Sunday ratified a three-year contract that secures 3% annual wage increases and $900 million in investments.

The new agreement that takes effect Sept. 21 covers 5,150 employees at the Dearborn automaker's Canadian operations and sets the bargaining pattern for deals at ...Read more

Two Amazon delivery service partners are shutting offices and laying off hundreds.

Xpress Delivery, located in Oakland, will be laying off 80 employees. OnPoint Logistics will be ceasing operations at its San Francisco location and cutting 96 jobs, according to a government filing.

Amazon delivery service partners are independent businesses ...Read more

After experiencing the loss of three friends in auto accidents, Assemblymember Tina McKinnor decided she needed to take action.

She immersed herself in the movement to improve driving safety, and now the Hawthorne Democrat is writing controversial legislation that could revolutionize how auto insurance rates are set for many California drivers....Read more

A bike lane ticketing program meant to make busy downtown streets safer for cyclists and pedestrians has found package delivery giants are among its most consistent scofflaws, news that will not come as a surprise to Chicagoans used to seeing trucks and vans idling throughout the Loop.

The city issues warnings and tickets to bike and bus lane ...Read more

LONDON — Boeing commercial airplanes CEO Stephanie Pope is optimistic about the company’s long-delayed 777X family — even if Boeing did have to scrap one of the first planes from that program.

Speaking to reporters Sunday ahead of the Farnborough Airshow, Pope confirmed that Boeing had scrapped one of its 777X planes, after trade ...Read more