Business
/ArcaMax
China agrees to order 200 Boeing aircraft, Trump says
China has reportedly placed an order for 200 Boeing aircraft, marking Boeing’s first order in nearly a decade from one of the fastest growing aviation markets.
President Donald Trump said on a Fox News interview Thursday that China’s President Xi Jinping agreed to place an order for 200 Boeing planes, part of trade negotiations taking place...Read more
Honda and Nissan's shifting fortunes may bolster case for tie-up
Honda Motor Co. and Nissan Motor Co. have essentially traded places since plans to combine the two companies collapsed dramatically last year.
Back then, Nissan’s financial position was deteriorating rapidly and Honda was seen as a white knight. But a prospective tie-up fell apart over Nissan’s resistance to demands from Honda, including ...Read more
California unveils a $1 billion rebate program for electric trucks
Gov. Gavin Newsom has announced that California has launched a $1 billion rebate program to boost the sales of electric medium‑ and heavy‑duty trucks, using money from the state’s Low Carbon Fuel Standard program.
The rebates run $7,500 to $120,000 and can be applied toward the purchase of new electric medium‑ and heavy‑duty ...Read more
Rocket Mortgage sues rival UWM for $100M
Detroit-based home lender Rocket Mortgage filed a lawsuit Thursday against local archrival United Wholesale Mortgage for alleged breach of contract.
The suit marks the latest escalation in a bitter personal and business feud between Rocket Companies Chairman Dan Gilbert and UWM CEO Mat Ishbia.
The filing from Rocket to the New York state ...Read more
Musk, Altman make final pitches to jury in battle over OpenAI
A jury will soon cast a vote and a judge will ultimately decide the outcome of a high-stakes showdown between Elon Musk and Sam Altman over OpenAI, the artificial intelligence startup they founded together more than a decade ago.
Lawyers made final arguments Thursday in federal court in Oakland, California, following about two weeks of ...Read more
LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers
Job cuts are hammering the tech industry as companies ramp up investments in artificial intelligence.
This week, San José-based tech company Cisco said it was cutting fewer than 4,000 jobs or less than 5% of its workforce. Cisco announced the layoffs the same day that the company reported that it grew its revenue to $15.8 billion and net ...Read more
Gamers, developers protest Saudi Arabia's bid to acquire Electronic Arts
As Electronic Arts moves closer to closing a sale of the gaming company to Saudi Arabian investors, it's facing backlash from a group of protestors who are calling it a bad deal.
A coalition calling itself the Players Alliance staged a protest outside Electronic Arts' Redwood City headquarters this week. Dressed as Sims characters, the ...Read more
Shawn Fain faces 4 rivals in the UAW president race. Here's the list
At least four United Auto Workers members plan to take on Shawn Fain to become the next president of the powerful Detroit union later this summer — and more contenders might jump in the race.
The challengers include Brian Keller, a Michigan Stellantis NV worker and vocal Fain critic with a large social media following, as well as Will Lehman,...Read more
Real estate Q&A: Am I responsible for mortgage after signing quit-claim deed?
Q: My ex and I divorced last year, and she kept the house. I signed a quit-claim deed transferring my interest in the property to her. I thought I was done with it. Now I am trying to buy a small place of my own, and my lender says I still appear to be responsible for the mortgage on the old house. How can that be? I do not even own it anymore. ...Read more
Waymo recalls thousands of its driverless cars after some failed to avoid flooded roads
Waymo is recalling 3,791 autonomous taxis after a software defect caused some vehicles to drive into flooded roadways, according to a recall report from the National Highway Traffic Safety Association.
The voluntary recall filed April 30 affects Waymo vehicles operating on the company's fifth and sixth generation Automated Driving System. The ...Read more
Passenger sues Alaska Airlines over turbulence
An Alaska Airlines flight passenger says she was injured and “deeply traumatized” from severe turbulence on her 2024 flight from Seattle to Phoenix, which left four crew members hospitalized. Now, she’s suing.
Washington resident Natalie Russell filed a lawsuit Wednesday in King County, Washington, Superior Court claiming Alaska Airlines ...Read more
Jury awards $49.5 million to family of Boeing 737 Max crash victim
A jury on Wednesday awarded $49.5 million to the family of Samya Rose Stumo, a 24-year-old who died when a Boeing 737 Max plane crashed in Ethiopia in March 2019, the second deadly Max crash in a matter of months.
The trial, which started May 4 in a Chicago federal court, resolves one of the last remaining cases filed against Boeing by the ...Read more
Allegiant closes $1.5B deal to acquire Sun Country Airlines
Allegiant Travel Co. on Wednesday completed the $1.5 billion merger with Sun Country Airlines Holdings Inc., potentially creating a leisure airline superpower that will be based in Las Vegas.
Over the next several months, Allegiant and Sun Country will integrate their systems, employees and fleets and, within three years, expect to save $140 ...Read more
Taylor Swift, lawsuits and quirky exemptions: How empty homes tax works in other cities
SAN DIEGO — If Measure A passes on June 2, San Diego would join a group of cities in the U.S., Canada and abroad that tax second homes or properties that are unoccupied for most of the year.
San Diego’s “non-primary home” tax, as it is being called, would impose an initial annual levy of $8,000 on more than 5,000 homes that are vacant ...Read more
Los Angeles' surging real estate prices have cooled, so why is nobody buying condos?
Even as the relentless rise in Los Angeles housing costs seems to have paused, condominium sales slowed to a trickle this year.
The number of condo units sold in the first two months slid to a more than 20-year low, according to figures from real estate data firm Attom. The median price of a condo fell nearly 5% in February compared with a year...Read more
Los Angeles Council takes first step to delay $30-an-hour minimum wage for hotel, airport workers
The Los Angeles City Council on Wednesday moved to potentially delay a contentious $30 hourly minimum wage for hotel and airport workers, saying the action may be needed to stave off a business-backed ballot initiative to eliminate the city's gross receipts tax.
In a 9-6 vote, the council voted initial approval of an ordinance to postpone ...Read more
Ex-Spirit workers sue, saying airline failed to give proper layoff notices, owes back pay and benefits
Spirit Airlines’ abrupt shutdown this month was too abrupt under the law, a group of terminated employees allege in a proposed class-action lawsuit.
Their complaint, filed in U.S. Bankruptcy Court for the Southern District of New York, asserts that management misled its workforce about its prospects for staying in business and still owes ...Read more
40,000 University of California workers gird for a strike, disrupting medical services, cafeterias at all campuses
The University of California is bracing for a massive strike Thursday that would disrupt services at all campuses, hospitals and medical centers as more than 40,000 workers — patient transport staff, nursing aides, custodians, campus dining hall employees — are prepared to walk out if an agreement is not reached.
The threatened strike ...Read more
McDonald's gets naming rights sponsorship for new Chicago Fire stadium
There’s a new name in Chicago sports stadiums.
Fast-food giant McDonald’s has inked a long-term deal with the Chicago Fire to add its name — and a massive flagship restaurant — to the team’s new $750 million stadium going up at The 78 in the South Loop.
McDonald’s Park, as the new soccer venue will be branded, represents the first ...Read more
Seattle Art Museum employees are unionizing
Workers at one of the West Coast’s most prominent museums are unionizing.
On Wednesday, more than 100 Seattle Art Museum employees working across more than 20 front- and back-end departments announced their intent to unionize, the latest effort in a growing movement of labor organizing at museums and fine art institutions around the country ...Read more
Popular Stories
- Trump takes aim at beef, fuel prices as inflation risks mount
- Real estate Q&A: Am I responsible for mortgage after signing quit-claim deed?
- Los Angeles' surging real estate prices have cooled, so why is nobody buying condos?
- Passenger sues Alaska Airlines over turbulence
- Los Angeles Council takes first step to delay $30-an-hour minimum wage for hotel, airport workers









