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Real estate Q&A: My landlord is making it harder to leave lease early. What are my options?

Business / Business News /

Q: I am moving out of my rental apartment a few months early to move in with my special someone. I gave plenty of notice to my landlord to find a new tenant, and they are not doing anything. Now they are giving me grief about scheduling the moving truck, and I am beginning to regret trying to do it the "right" way. What should I do? -- Andres

A...Read more

San Diego cruise business takes huge hit as lines cancel voyages late into the year due to COVID

Business / Business News /

SAN DIEGO -- San Diego's once bustling cruise industry is facing a huge economic hit as major lines, from Disney to Holland America, are canceling scheduled voyages well into the remainder of the year because of the still serious threat of COVID-19.

At a time when the city would normally be preparing to launch next month its fall-to-spring ...Read more

California oil production limits stall in Legislature, leaving the issue to Newsom

Business / Business News /

SACRAMENTO, Calif. -- In his first year in office, Gov. Gavin Newsom vowed to protect Californians against hazards and pollutants from oil and gas production. Now the governor is facing increasing pressure to make good on his promise after efforts in the Legislature to mandate health and safety buffer zones around oil and gas wells and ...Read more

After COVID-19 delay, Rivian plans hiring surge for June launch of electric truck. But legal battle with Tesla looms

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Set back nearly a year by the pandemic, electric truck startup Rivian is busy building out its plant in Normal, with a belated production launch now planned for next summer.

But the plan to bring thousands of jobs to the rural college town about 130 miles south of Chicago has hit some bumps in the road, including a lawsuit from Tesla alleging ...Read more

'This is potentially huge': Judge in KC says firms can sue insurer for COVID-19 loss

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KANSAS CITY -- A ruling from a federal judge in Kansas City on Wednesday could open the window for thousands of businesses whose insurers turned down their COVID-19 claims.

"This is potentially huge," said Tom Baker, a professor of law at the University of Pennsylvania, who has been following the myriad cases against the insurance industry amid...Read more

Staffing woes put US car industry's remarkable rebound at risk

Business / Business News /

On the surface, carmakers have staged a remarkable recovery toward pre-pandemic production. But within the walls of U.S. auto plants, it was incredibly challenging to pull off -- and is proving difficult to sustain.

Manufacturers rushed to restart assembly lines months ago because sales stayed surprisingly buoyant in the midst of the pandemic. ...Read more

A $2 trillion credit boom leaves America's smaller firms behind

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Unprecedented government stimulus has allowed more companies to borrow at lower rates than ever before. Yet amid the credit boom, smaller firms that power America's economic engine are often being shut out, hamstringing the recovery just as it begins.

The Federal Reserve's pledge to use its near limitless balance sheet to buy corporate bonds ...Read more

US jobless claims below 1 million for first time in pandemic

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The number of Americans applying for unemployment benefits fell below 1 million for the first time since the pandemic began in March, suggesting the economic recovery is gaining some traction amid a deceleration in coronavirus infections.

Initial jobless claims in regular state programs fell by 228,000 to 963,000 in the week ended Aug. 8, Labor...Read more

Mies van der Rohe's workhorse tower gets a vibrant remake as a dorm at Chicago's Illinois Institute of Technology

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CHICAGO -- The pandemic. The unrest that followed the killing of George Floyd. Rampant looting in downtown Chicago. Against that chaotic backdrop, it was moving earlier this week to experience the profound calm that characterizes the architecture of master modernist Ludwig Mies van der Rohe.

On the first floor of a newly renovated building at ...Read more

A revamped PPP coronavirus loan program is in the works. Will it help small businesses left out before?

Business / Business News /

WASHINGTON -- The Paycheck Protection Program stood out as an early success of the government's pandemic relief effort, but it ended with a whimper and left billions of dollars unallocated when small businesses got spooked by the ever-changing rules.

Even as Democrats and Republicans fight over other aspects of another major stimulus bill, they...Read more

Hotels, airlines and sports venues turn to Clorox and Lysol to vouch for their cleanliness

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If you jump on a United Airlines flight, you are likely to see the Clorox logo on signs and posters as you board.

Check into a Marriott or Hyatt hotel and expect to see stickers emblazoned with the name of the Global Biorisk Advisory Council, an arm of the world's cleaning-products industry trade group.

Customers of Delta Air Lines, Avis car ...Read more

Post-riot landscape of rubble persists as Minneapolis demands taxes in exchange for permits

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MINNEAPOLIS -- On a desolate lot in Minneapolis where Don Blyly's bookstore stood before being destroyed in the May riots, two men finish their cigarettes and then walk through a dangerous landscape filled with slippery debris and sharp objects. The city won't let Blyly haul away his wreckage without a permit, and he can't get a contractor to ...Read more

Beach home sales at the Jersey Shore are surging during the coronavirus outbreak

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For some employees given the option of working from home during the coronavirus pandemic, the workplace expanded from the city office to the beachfront condominium.

A picturesque scenario. If a Shore house is even available.

Sales are so strong that buyers should "make a very, very strong offer and don't hesitate. Don't wait three weeks to ...Read more

News Analysis: Uber and Lyft might halt California operations over a labor fight. That may help them in November

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Uber and Lyft warned they might temporarily shut down their services in California in response to a court ruling forcing them to start treating drivers in the state as employees.

A brief closure might seem like a drastic move, but it's not exactly surprising. In fact, such a shutdown could prove to be a means for Uber and Lyft to appeal to ...Read more

REI to sell its never-used Bellevue headquarters and shift office work to multiple Seattle-area sites

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SEATTLE -- In yet another sign of COVID-19's disruptive impact on business, REI is abandoning its nearly completed corporate campus in Bellevue, Wash., and spreading headquarters operations to multiple sites across the Seattle area.

The outdoor retailer said it is in talks with "multiple interested parties" to sell the never-used 400,000-square...Read more

Michael Hiltzik: Uber is threatening to suspend service in California. We should call its bluff

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The ride-hailing service Uber seems determined to rewrite the dictionary definition of "bully" to read: "Uber."

That's the obvious conclusion to draw from its threat, made publicly by Chief Executive Dara Khosrowshahi and in state court by its lawyers on Wednesday, to shut down its operations in California for at least a few months and possibly...Read more

Carla Fried: 3 essential financial moves in your 20s

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If you're the type of 20-something who wants to take a deep dive into personal finance, God bless. There are plenty of great websites and books to immerse yourself in. But if that is so not you, no worries. You can build a fantastic foundation for financial success by focusing on just three key goals.

-- Pay your bills on time. Sounds obvious, ...Read more

Carla Fried: 3 essential financial moves in your 30s and 40s

Business / Business News /

In your 30s and 40s making smart money decisions requires deft juggling skills. These are typically years when your income is growing as you enter your career sweet spot. At the same time, you may be settling into family life with a partner and kids, developments that can pull you in a gazillion expensive directions.

How you deploy your growing...Read more

Carla Fried: 3 essential financial moves in your 50s and 60s

Business / Business News /

With the finish line near in the insane race known as retirement planning, your focus may be on stuffing your 401(k) and IRA with more money. Nothing wrong with that. Just add these three moves to avoid costly mistakes.

--Stress-test your assumptions. Start with your retirement portfolio. By now you've taken a few spins through a retirement ...Read more

Michael Hiltzik: The COVID-19 pandemic shows that it's time for a new New Deal. Here's a blueprint

Business / Business News /

No one who follows economic affairs could miss the signals that the U.S. economy has long been built on a foundation of quicksand.

Income and wealth inequality has been soaring, as rank-and-file workers have lost the power to organize for workplace rights and corporations increasingly have funneled profits to shareholders.

The biggest ...Read more