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Rocket Lab enters satellite communications market with $8 billion deal
Rocket Lab took a big step Monday to better compete with rivals SpaceX and Amazon, announcing an $8-billion acquisition of satellite communications company Iridium.
The Long Beach rocket-and-satellite maker is buying a company that provides critical communications services to pilots, mariners and others, while giving Rocket Lab a foothold in ...Read more
iHeartMedia lays off on-air personalities nationwide
Riverside, California-based radio station KGGI has lost its last local on-air hosts.
Longtime radio personalities Evelyn Erives, Nick Nack and Garrison King were all cut from the Inland Empire station last week as part of iHeartMedia's latest round of national layoffs. In an internal memo, the media giant said it would restructure its radio ...Read more
Bally's Chicago retains former Mayor Lori Lightfoot in legal battle with city over video gaming terminals
As the battle between Bally’s and the city heats up over the advent of video gaming terminals, the casino company has enlisted an unlikely ally — former Mayor Lori Lightfoot — whose administration chose the Rhode Island-based company to build Chicago’s first casino.
Bally’s has hired Lightfoot’s law firm, RKF Global, to navigate the...Read more
SpaceX IPO sparks race for luxury housing in Southern California
LOS ANGELES -- With SpaceX’s historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market is bracing for a big wave of buyers looking to upgrade their digs or perhaps snag a second home, potentially driving up prices in some in-demand neighborhoods.
Shares of SpaceX started ...Read more
These businesses are finding a silver lining with tariffs
KEEGO HARBOR, Mich. — As tariffs and inflation squeeze Michigan companies, some under-the-radar businesses are thriving because they never needed imports in the first place.
From thrift stores to consignment boutiques to salvage lumber yards, these reuse and resale retailers have, in some cases, benefited from the tariffs President Donald ...Read more
Zepbound craze fuels $1.3 billion windfall for religious causes
The blockbuster success of weight-loss drugs is fueling a wave of giving that’s boosting Christian ministries across the U.S. and Canada.
Eli Lilly & Co.’s largest shareholder, the independent Lilly Endowment, gave nearly $1.3 billion to religious causes in 2025, much of it specifically to Christian groups, according to its annual report ...Read more
With Minnesota's last known elevator operator, Nicollet Mall office building honors its past
MINNEAPOLIS -- A buzz and a red light on the panel alerts Lee Bowser that his elevator is being summoned.
Bowser closes the inner brass gate, careful not to pinch a finger. He turns a large crank slightly to the right — about the 1 o’clock position— and the outer door rumbles shut.
He then pulls it to the 3 o’clock spot, and the cab ...Read more
San Diego's Qualcomm to buy startup Modular for $3.9 billion in AI push
SAN DIEGO — Qualcomm agreed to acquire AI software startup Modular in an all-stock deal valued at $3.92 billion, the San Diego chipmaker said Wednesday during its Investor Day, as it works to expand beyond smartphone chips into data center and AI markets.
Equity holders of Modular will receive up to 19.2 million newly issued Qualcomm common ...Read more
Seattle ups its payout for vandalized small businesses. Is it enough?
SEATTLE — When a rock smashed the window of Capitol Hill's Analog Coffee last month, the owners were left with a $2,000 bill.
But within weeks, they were reimbursed the repair costs thanks to the city of Seattle’s Back to Business program — which has doled out over $1 million over the past year to small Seattle businesses hit by vandalism...Read more
As state lawmakers stall on data center rules, Illinois cities and counties step in to fill the void
SPRINGFIELD, Ill. — In lieu of statewide regulations, a growing number of Illinois cities and counties are telling data centers to come back later or adhere to new regulations.
In Aurora, what began as a 180-day moratorium ended with city officials bringing the regulatory hammer down on data centers after many community members complained ...Read more
Medicare Advantage company pays $342M to government in midst of billing probe
A major Medicare Advantage company has paid the government more than $342 million to help settle allegations that it overcharged the federal healthcare program for years.
Elevance Health, which covers about 2 million people on Medicare, sent the money to the Centers for Medicare & Medicaid Services via wire transfer on May 27, court records ...Read more
Tech firms ax hundreds of Bay Area jobs as cuts this year outpace 2025
SAN JOSE, Calif. — Job cuts for the Bay Area tech industry so far in 2026 have greatly outstripped last year’s pace, a gap that has widened in the wake of fresh layoffs for the region’s critical yet unsteady tech sector.
The latest layoffs are poised to erase 600 Bay Area tech jobs, WARN notices posted by the state Employment Development ...Read more
Corn drops with USDA set to show biggest US supply since 1988
Corn tumbled as traders looked past potential crop stress from the building heat dome to a U.S. Department of Agriculture report due Tuesday that’s expected to show the largest American stockpile since 1988.
The agency is set to publish quarterly stocks data along with annual acreage data showing how much U.S. farmers were able to plant in ...Read more
Evan Ramstad: Swirl of mega-IPOs might catch some investors by surprise
This is the summer of the mega-IPO, a flood of new stock listings after years of drought.
Mine is not a personal finance column, but there’s never been a moment quite like this. The opportunity to invest at a relatively early stage of an industry, artificial intelligence in this case, doesn’t come often.
And the dollars these companies are...Read more
Microsoft's $530 billion rout sets up its worst month since 2008
Microsoft Corp. shares are heading for their worst month in years as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.
The stock at one point fell more than 20% in June, which would have represented its worst monthly showing since December 2000, although a two-day gain has helped it ...Read more
Tech firms ax hundreds of Bay Area jobs as cuts this year outpace 2025
SAN JOSE, Calif. — Job cuts for the Bay Area tech industry so far in 2026 have greatly outstripped last year’s pace, a gap that has widened in the wake of fresh layoffs for the region’s critical yet unsteady tech sector.
The latest layoffs are poised to erase 600 Bay Area tech jobs, WARN notices posted by the state Employment Development ...Read more
Comcast is spinning off NBCUniversal media and entertainment assets
LOS ANGELES — Comcast is spinning off its NBCUniversal entertainment and media assets into a separate publicly traded company, the media giant announced Monday.
The plan will put broadcast networks NBC and Telemundo, NBC News, cable network Bravo and streaming service Peacock, the Universal film studios and British TV service Sky into a new ...Read more
Comcast is spinning off NBCUniversal media and entertainment assets
LOS ANGELES — Comcast is spinning off its NBCUniversal entertainment and media assets into a separate publicly traded company, the media giant announced Monday.
The plan will put broadcast networks NBC and Telemundo, NBC News, cable network Bravo and streaming service Peacock, the Universal film studios and British TV service Sky into a new ...Read more
Warner Discovery boss is again among highest-paid CEOs in America
LOS ANGELES — Even before Warner Bros. Discovery's sale to Paramount Skydance Corp. closes, David Zaslav has already made a big payday.
His executive compensation package — which includes stock options, salary, bonuses and other perks — was valued at $165 million last year, placing him as the eighth-highest-paid CEO for a large U.S. ...Read more
Beth Kowitt: Want to WFH? Make sure your boss isn't a narcissist
If you want the highest odds of maintaining a remote or hybrid work arrangement, make sure you’re not working for a narcissist.
In the post-pandemic era, bosses have used all of corporate America’s favorite buzzwords — innovation, collaboration, culture, mentorship, productivity, performance — to rationalize calling workers back to the ...Read more
Popular Stories
- SpaceX IPO sparks race for luxury housing in Southern California
- As state lawmakers stall on data center rules, Illinois cities and counties step in to fill the void
- These businesses are finding a silver lining with tariffs
- Zepbound craze fuels $1.3 billion windfall for religious causes
- With Minnesota's last known elevator operator, Nicollet Mall office building honors its past









