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Stephen M. Katz/The Virginian-Pilot/TNS

US dockworkers agree to suspend strike until Jan. 15

Business / Business News /

Dockworkers at U.S. East and Gulf coast ports have agreed to start moving cargo again while they continue collective bargaining with their employers on a new contract.

The International Longshoremen’s Association agreed to extend the contract until Jan. 15 and work will resume Friday, the union said in a statement Thursday.

“The strike is ...Read more

Stephen M. Katz/The Virginian-Pilot/TNS

Dockworkers' union to suspend strike until Jan. 15 to allow time to negotiate new contract

Business / Business News /

BALTIMORE — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time for further contract negotiations.

The International Longshoremen’s Association is set to resume working immediately. The union and the U.S. Maritime Alliance, which ...Read more

Jonathan Weiss/Dreamstime/Dreamstime/TNS

Walgreens to pay Baltimore City $45 million by end of year in latest opioid settlement

Business / Business News /

​BALTIMORE — Walgreens will pay Baltimore $45 million by the end of the year in the city’s latest settlement with opioid distributors.

The company will pay the remainder of the roughly $80 million settlement reached last month by the end of 2025, the city said in a news release.

The city has won more than $400 million from drug companies...Read more

Stephen M. Katz/The Virginian-Pilot/TNS

US Dockworkers agree to suspend strike until Jan. 15

Business / Business News /

Dockworkers at U.S. East and Gulf coast ports have agreed to start moving cargo again while they continue collective bargaining with their employers on a new contract, the union representing the workers said in a statement on Thursday.

The International Longshoremen’s Association said it had agreed to extend the contract until Jan. 15 and ...Read more

Stephen M. Katz/The Virginian-Pilot/TNS

US dockworkers agree to suspend strike until Jan. 15

Business / Business News /

Dockworkers at U.S. East and Gulf coast ports have agreed to start moving cargo again while they continue collective bargaining with their employers on a new contract, the union representing the workers said in a statement Thursday.

The International Longshoremen’s Association said it had agreed to extend the contract until Jan. 15 and work ...Read more

Ken Lambert/The Seattle Times/TNS

Amazon plans to hire 250,000 warehouse workers for holiday season

Business / Business News /

Amazon plans to hire 250,000 seasonal employees to staff its U.S. warehouses and fulfillment network for the holiday season.

That increase matches its national holiday hiring spree last year, though it falls short in Washington. Last year, Amazon hired 250,000 workers nationally to prepare for the holidays. The year before that, Amazon hired ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Philadelphia's office buildings have lost over $1 billion in assessed value

Business / Business News /

The assessed value of Center City office buildings fell by over $1 billion in recent years, the Office of Property Assessments (OPA) reported to City Council this week. That spells trouble for the City of Philadelphia’s tax revenue.

The assessed value fell from $9.82 billion in tax year 2023 to $8.78 billion in tax year 2025, OPA stated, amid...Read more

Mike Stocker/Sun Sentinel/TNS

Looking to buy or sell a condo unit? Get to know your building's structural inspection reports

Business / Business News /

Becoming familiar with two structural inspection reports that condo associations are required to submit this year can save buyers money or help them avoid making an expensive mistake.

Sellers will need to know what’s in their associations’ Milestone Inspection report and Structural Integrity Reserve Study before closing on a used condo unit...Read more

Olivier Douliery/AFP/Getty Images North America/TNS

No, you don't need to stock up on toilet paper because of the ports strikes

Business / Business News /

Across social media and in online neighborhood groups, people are panicking about toilet paper supply once again, this time because of strikes at ports along the East and Gulf coasts that started this week.

People are reporting empty toilet paper and paper towel aisles that they attribute to consumers panic buying — perhaps remembering the ...Read more

General Motors/General Motors/TNS

Cadillac Vistiq to be built at Tennessee plant, more news coming 'later this year'

Business / Business News /

General Motors Co. will build its coming all-electric three-row Cadillac SUV, the Vistiq, at its Spring Hill, Tennessee, plant where the smaller Cadillac Lyriq electric SUV is already produced, the automaker said this week.

The luxury brand has two new EVs coming soon with production of the 2025 Optiq SUV starting later this fall at the Ramos ...Read more

Robyn Beck/Getty Images of North America/TNS

Stellantis CEO mulls exiting after contract ends in 2026

Business / Business News /

In his first public comments since Stellantis NV confirmed it had started searching for his successor, Chief Executive Officer Carlos Tavares signaled he’s open to leaving the automaker just over a year from now.

Leaving when his contract expires in early 2026 is “one option,” Tavares told reporters Thursday at a press conference in ...Read more

Jason Redmond/AFP/Getty Images North America/TNS

OpenAI raises $6.6 billion in funds at $157 billion value

Business / Business News /

OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology.

The funding round was led by Thrive Capital, the venture capital firm headed up by Josh Kushner, which put in $1.3 billion. ...Read more

Robert Philip/Dreamstime/TNS

If a trade war comes, US agriculture might be 'on the losing side'

Business / Business News /

If the next president slaps new tariffs on imports from other countries, those trading partners will likely retaliate with their own tariffs that could cost the U.S. billions in lost agriculture exports.

That’s according to a recent analysis from North Dakota State University (NDSU) researchers who looked ahead at the possibility of a trade ...Read more

Kevin Clark/The Seattle Times/TNS

Showing losses and dropping execs, REI could use a cold winter

Business / Business News /

After a poor financial showing last year in which it lost $311 million, REI has one big goal this year: break even.

The Issaquah, Washington-based co-op was faring well halfway through 2024, according to an Aug. 24 internal memo from CEO Eric Artz obtained by The Seattle Times. As of the end of July REI had hit its profit targets and was in a �...Read more

Nick Wagner/The Seattle Times/TNS

Seattle churches wanting to build affordable housing face testing times

Business / Business News /

SEATTLE — The leaders of Saint Mark’s Cathedral on Capitol Hill have a vision: New neighbors living in the nearly century-old brick building the church owns just next to its cathedral. But landing one of Seattle’s overwhelmed affordable-housing developers proved challenging.

In Lake City, a Mennonite church housed in an old movie theater ...Read more

Real estate Q&A: How do we fix a defective deed?

Business / Business News /

Q: My wife recently inherited an apartment. My wife was added to the deed some years ago to get the property as part of her mother’s estate plan. We already have a home and do not want to deal with tenants, so we decided to sell it. The closing agent tells us that the original deed to my mother-in-law from a couple of decades ago is defective ...Read more

The future of EV Charging looks a lot like an airport lounge

Business / Business News /

Charging an electric vehicle in the future increasingly looks like an experience somewhere between a truck stop and an airport lounge.

Most public chargers sit in parking lots, often three or four machines along the side of a hotel or grocery store. Drivers are exposed to the elements and — unless they need to go shopping — are basically ...Read more

Barbara Haddock Taylor/The Baltimore Sun/TNS

Strike by longshoremen continues for second day along East Coast

Business / Business News /

A longshoremen strike in the eastern U.S. continued for the second day Wednesday as the dockworkers union and port operators traded accusations of blame for the walkout.

Tens of thousands of longshoremen joined picket lines after midnight Tuesday after a labor contract expired, shutting down the Port of Baltimore and dozens of ports from Maine ...Read more

Stephen M. Katz/The Virginian-Pilot/TNS

The port strike could impact fresh foods first, expert says. A toilet paper shortage is unlikely

Business / Business News /

Fears of supply shortages triggered by the strike by the International Longshoremen Association have led to some panic-buying in Hampton Roads, leaving gaps on grocery store shelves reminiscent of the early days of the pandemic.

But experts say the major impacts of a prolonged strike are more likely to be felt elsewhere: the produce aisles.

...Read more

Dreamstime/Dreamstime/TNS

Nationwide glitch affects thousands of Bank of America customers

Business / Business News /

Thousands of Bank of America customers took to social media Wednesday to report an online glitch that either prevented them from accessing their accounts or showed a zero balance.

The problem appears to be nationwide, with some reports showing more than 18,000 customers having been impacted by the glitch so far. Customers went on the social ...Read more