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Jerry Jackson/Baltimore Sun/TNS

Cargo ship Dali now expected to head Monday to Virginia, will offload containers

Business / Business News /

A convoy of seven vessels is expected to sail the length of the Chesapeake Bay on Monday in what U.S. Coast Guard Cmdr. Baxter Smoak described as a “big milestone.”

The 984-foot Dali container ship has been in the Baltimore area since March 26, when it crashed into the Francis Scott Key Bridge, decimating the essential structure and killing...Read more

Cloe Poisson/Hartford Courant/TNS

Sikorsky subsidiaries agree to pay $70 million to settle false claims case

Business / Business News /

Two Sikorsky Aircraft subsidiaries have agreed to pay $70 million to resolve claims they overcharged the U.S Navy for spare parts used to maintain aircraft used to train Navy pilots.

The settlement settles a whistleblower suit filed in Wisconsin against Sikorsky Support Services Inc. of Stratford and Milwaukee-based Derco Aerospace Inc.

The ...Read more

Court awards $57M payout for injuries from runaway Ford Expedition

Business / Business News /

A federal court this spring directed Ford Motor Co. to pay almost $57 million after a jury found the Dearborn automaker responsible for injuries from a 1998 Expedition SUV that backed over her left leg.

The company is challenging the verdict, whose assigned damages would put it among some of the largest personal injury payouts in U.S. history. ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Stellantis AI and machine learning executive latest to depart automaker

Business / Business News /

Stellantis NV's vice president for artificial intelligence, algorithms and machine learning is the latest executive to depart the company.

Berta Rodriguez-Hervas, a leader in the company's growing software division, has resigned for a new job, which was not disclosed, a Stellantis spokesperson confirmed Friday. She had been with the automaker ...Read more

CDK hackers want millions in ransom to end car dealership outage

Business / Business News /

A group that claims to have hacked CDK Global, the software provider to thousands of car dealerships in North America, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter.

CDK is planning to make the payment, said the person, who asked not to be identified because the information is private. The ...Read more

Allie Ippolito/The Philadelphia Inquirer/TNS

Korea's Hanwha is buying Philly Shipyard from Europe's Aker for $100 million

Business / Business News /

PHILADELPHIA — The South Korea-based Hanwha industrial group says it has agreed to pay $100 million to acquire Philly Shipyard from the Norway-based Aker Group and other shareholders.

Hanwha and Aker had been reported in talks since at least last fall to sell the yard, a partly state-financed commercial facility on the site of a historic U.S....Read more

Katy Kildee/The Detroit News/TNS

Trump pledge to reverse Biden's EV push won't be so easy, experts say. Here's why

Business / Business News /

WASHINGTON — Despite his vows to do so, it wouldn't be easy for former President Donald Trump to quickly dismantle the Biden-era policy push aimed at curbing vehicle emissions and speeding a transition to electric vehicles.

If the Republican presidential hopeful returns to the White House, he'll have to grapple with the slow nature of federal...Read more

Ford Motor Co./Ford Motor Co./TNS

Casey Williams: Today's young drivers look for style, tech and value

Business / Business News /

In 1964, Ford Motor Co. executive Lee Iacocca proposed a car that would forever change what young drivers wanted. Forget stodgy old sedans and wagons; they received an affordable four-seat sports car in the Ford Mustang — a thoroughbred that begat a new segment of vehicles dubbed “pony cars.” It sold 1,288,557 copies in less than three ...Read more

Dreamstime/Dreamstime/TNS

Target store employees' new helper? A generative AI chatbot to answer their questions

Business / Business News /

Target store employees will soon have a mini AI-powered sidekick to quickly answer their questions from when something will be in stock to procedures to handle food during a power outage and how a customer can sign up for the Target Circle loyalty program.

Called the Store Companion, the generative AI chatbot is accessed through workers' ...Read more

Gary Coronado/Los Angeles Times/TNS

Early adopters, mainstream success, buyer's remorse -- where is the EV market headed?

Business / Business News /

The electric vehicle market is steeped in uncertainty. EV sales growth has slowed; automakers are pulling back on EV production; politics around the subject is growing nasty, as the very idea of driving an EV has entered the culture wars.

But one analyst says don’t fret: “Our long-term outlook for EVs remains bright.”

That’s according ...Read more

Olivier Mornin/AFP/Getty Images North America/TNS

California lawmakers are trying to regulate AI before it's too late. Here's how

Business / Business News /

For four years, Jacob Hilton worked for one of the most influential startups in the Bay Area — OpenAI. His research helped test and improve the truthfulness of AI models such as ChatGPT. He believes artificial intelligence can benefit society, but he also recognizes the serious risks if the technology is left unchecked.

Hilton was among 13 ...Read more

Jerry Jackson/Baltimore Sun/TNS

A dance on the water: Baltimore's 6 harbor-assist tugboats essential to the port

Business / Business News /

As a 574-foot, Korean-flagged car carrier glided through the Chesapeake Bay at 7 mph on a recent afternoon, a welcoming committee came in the form of two Baltimore-based tugboats. The tugs matched the ship’s speed, one latching itself to the freighter’s port side and the other coming up to the stern.

With only 4 inches separating the 98-...Read more

Henry Payne/The Detroit News/TNS

Henry Payne: Mustang at Le Mans: America's pony wants to conquer Europe

Business / Business News /

LE MANS, France — At the drop of the green flag last Saturday at the 24 Hours of Le Mans, the #77 Ford Mustang race car surged past the #66 Ferrari 296 and #92 Porsche 911 to challenge the #70 McLaren 720S for the GT3 class lead.

Come again?

Ford has opened a new chapter in its iconic Mustang’s history as the affordable sportscar did ...Read more

Cadillac/Cadillac/TNS

Auto review: The 2024 Cadillac XT4 is one swell Buick

Business / Business News /

As Cadillac tries to flog smaller SUVs like the XT4 and XT5, and small unremarkable sedans like CT4 and CT5, none represent what buyers truly perceive to be a Cadillac, at least if sales are to be believed. That honor belongs to Cadillac’s bestseller, the Escalade, which possesses the attributes most consumers attribute to the brand. And while...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2024 Range Rover Evoque is classy and priced right

Business / Business News /

With Range Rover in Grasso's Garage this week, it's all about class and luxury at an attainable price. Enter the Evoque, Rover's entry-level SUV that takes the brand to new heights as it opens up to even more drivers.

Powered by a 2.0-liter turbocharged four-cylinder gas engine, the 246-horsepower Evoque offers 269 pound-feet of torque and a ...Read more

NYC to provide $1.2B job initiative for pubic housing residents, low-income neighborhoods

Business / Business News /

Mayor Adams announced Thursday that his administration plans to pour $1.2 billion into contracts designed to provide jobs for public housing residents and people living in low-income neighborhoods.

The initiative, which Adams is billing as the city’s “first community hiring effort,” was made possible through a state law permitting the ...Read more

Mario Tama/Getty Images North America/TNS

DOJ drops claims that TikTok misled US consumers in lawsuit

Business / Business News /

The U.S. Justice Department is dropping one of two proposed claims against ByteDance Ltd.’s TikTok, planning to focus a consumer protection lawsuit later this year on children’s privacy instead of allegations the video-sharing platform misled consumers about their data security.

The department is preparing to file a consumer protection ...Read more

Dreamstime/Dreamstime/TNS

MoviePass secures investment from Comcast-backed venture firm amid comeback attempt

Business / Business News /

MoviePass, the infamous cinema subscription service that crashed and burned in 2020, has secured a new investor amid an ambitious comeback attempt.

The New York-based company announced Thursday that it had landed an investment from Forecast Labs, a venture group owned by Comcast. MoviePass did not disclose the amount invested or other financial...Read more

Amazon cutting down on plastic in the US, after years of criticism

Business / Business News /

Amazon shoppers should expect less plastic in their packages this year.

The tech and e-commerce giant announced Thursday it was moving away from plastic air pillows — large tubes of inflated plastic tucked inside a cardboard box to keep items secure — and replacing them with recyclable filler paper.

Amazon has already swapped 95% of its ...Read more

Shengying Lin/Dreamstime/TNS

Costco accused of failing to disclose online markups

Business / Business News /

Costco allegedly failed to disclose price markups on products sold on its website and mobile app despite its promise to do so, according to a recent lawsuit seeking a class-action status.

The Issaquah-based wholesale retailer sells some products on its website and app at higher prices than in warehouses due to shipping and handling costs. On ...Read more