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JEFF KOWALSKY/Ford/TNS

Ford EV sales program attracts two-thirds of dealers, CEO Farley says

Business / Business News /

DETROIT — Roughly two-thirds of Ford Motor Co.'s dealer network in the U.S. has opted to participate in a new — and, to some, controversial — certification program governing how dealers handle electric vehicle sales.

Ford CEO Jim Farley, speaking at the Automotive News World Congress downtown Monday, said that 1,920 Ford dealers have ...Read more

Daniel Kim/The Seattle Times/TNS

For some foreign workers, Seattle tech layoffs can mean a forced exit

Business / Business News /

For many of the thousands of Seattle tech workers who've been laid off or will be in coming weeks, the pain will be short-lived.

They'll update their résumés, work their networks and, eventually, find new jobs in an industry that, despite the current slowdown, is expected to be short on talent for years to come.

But for the newly jobless ...Read more

Jane Tyska/Bay Area News Group/TNS

Bay Area tech workers react to layoff axes with shock, and 'more pain' is coming

Business / Business News /

SAN JOSE, California — The ax fell suddenly and out of the blue for technology worker Nitesh Donti. Less than a year ago, on the networking platform LinkedIn, he’d expressed excitement over his new job as an engineering manager at robot-vehicle company Nuro. Then last month, Nuro laid off Donti and around 300 others as it slashed 20% of its ...Read more

Dreamstime/Dreamstime/TNS

The business of clinical trials is booming. Private equity has taken notice

Business / Business News /

After finding success investing in the more obviously lucrative corners of American medicine — like surgery centers and dermatology practices — private equity firms have moved aggressively into the industry’s more hidden niches: They are pouring billions into the business of clinical drug trials.

To bring a new drug to market, the FDA ...Read more

Dreamstime/Dreamstime/TNS

Comcast's rates are increasing again. Here's what to expect

Business / Business News /

Comcast, the largest U.S. cable and internet provider, is once again raising prices on its TV and internet services, a year after the Philadelphia-based company last hiked rates.

Starting Dec. 20, customers nationwide will see their rates increase by 3.8%, on average, company spokesperson Jennifer Bilotta said. In December 2021, the average ...Read more

Dreamstime/Dreamstime/TNS

Florida attorney general sues to stop Miami-based robocall routing service

Business / Business News /

A Miami-based company accused of routing foreign-based robocalls into the United States is the target of a federal lawsuit by Florida Attorney General Ashley Moody seeking to stop the alleged operation.

Smartbiz Telecom LLC has continued to “facilitate the transmission of millions of foreign-based robocalls into the U.S.,” Moody’s office ...Read more

Donor-advised funds offer a charitable way to harvest a tax break and are growing in popularity

Business / Business News /

After charities experienced a gangbuster year in 2021 with record donations, philanthropic experts say that charitable giving is likely to plateau or decline this year after the stock market's prolonged downturn.

Even though the generosity of Americans may be diminished somewhat by the market's misfortunes this year, an increasingly popular ...Read more

Max Ortiz/The Detroit News/TNS

Stellantis COO Mark Stewart touts 30% break-even point in North America

Business / Business News /

DETROIT — The chief operating officer in North America for the maker of Jeep SUVs and Ram trucks says the automaker's break-even point is below 30% of revenue in the region.

Stellantis NV CEO Carlos Tavares has emphasized the automaker's goal to keep its overall break-even point below 50% to make the transition to a sustainable tech mobility ...Read more

Crypto pressure ratchets up as FTC probes several firms over ads

Business / Business News /

The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.

“We are investigating several firms for possible misconduct concerning digital assets,” FTC spokeswoman Juliana Gruenwald Henderson said in a statement to Bloomberg News. She declined ...Read more

Paul W. Gillespie/Baltimore Sun/TNS

Weed shops switch to cash after cashless ATM crackdown

Business / Business News /

Marijuana shops across the U.S. are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

Cashless ATMs, also called “point of banking” systems, allowed cannabis buyers to use a bank card instead of cash. The method had evolved to get ...Read more

Jose M. Osorio/Chicago Tribune/TNS

Uber to pay millions to Chicago restaurants in settlement agreement with city

Business / Business News /

Uber must pay millions in cash and provide free services to Chicago restaurants as part of a $10 million settlement with the city resolving claims the ride-share company listed restaurants on its UberEats and Postmates platforms without their consent and charged excess commission fees.

The settlement results from a two-year investigation by the...Read more

Roman Tiraspolsky/Dreamstime/TNS

Pfizer to invest $750M in Kalamazoo area facility, add hundreds of new jobs

Business / Business News /

LANSING, Michigan— Pharmaceutical giant Pfizer Inc. will invest $750 million in its southwest Michigan facility to increase capacity for manufacturing sterile injectable medications, creating 300 new jobs, the company announced Monday.

A Pfizer executive announced the investment Monday morning at a news conference with Gov. Gretchen Whitmer ...Read more

Ricardo Ramirez Buxeda/Orlando Sentinel/TNS

Orlando Epic Universe work is 'right on track,' executive says

Business / Business News /

As enthusiasts spot roller coaster track at the construction site of Universal’s upcoming theme park Epic Universe, NBCUniversal CEO Jeff Shell said the Orlando attraction is “right on track” to open by summer 2025.

“I don’t think we’ve said the exact date that we’re opening in, but we will have an impact in ‘25. It will open in...Read more

BrightDrop/BrightDrop/TNS

GM's BrightDrop to make vans for DHL Express Canada, starts Ontario production

Business / Business News /

INGERSOLL, Ontario — General Motors Co.'s BrightDrop electric delivery vehicle company is adding DHL Express Canada logistics company as a customer, the automaker said Monday.

The company also said Monday it has launched production of the BrightDrop Zevo 600 electric delivery vans at GM's CAMI Assembly plant in Ontario, making it Canada's ...Read more

Ray Chavez/Bay Area News Group/TNS

Biogas: Not letting waste go to waste, these California wastewater facilities turn methane into power

Business / Business News /

At a sprawling sewage treatment plant in north San Jose, California, engineers are slowly perfecting the ideal temperature for a smelly mixture of bacteria and human waste as the stew churns inside four massive air-tight cauldrons.

The plant, the largest wastewater treatment facility west of the Mississippi to produce water clean enough to be ...Read more

Paul W. Gillespie/Baltimore Sun/TNS

Weed shops switch to cash after cashless ATM crackdown

Business / Business News /

Marijuana shops across the US are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

Cashless ATMs, also called “point of banking” systems, allowed cannabis buyers to use a bank card instead of cash. The method had evolved to get around...Read more

Karl Mondon/Bay Area News Group/TNS

University of California Strike: Why Berkeley student workers struggle to find safe and affordable homes

Business / Business News /

Diego Villegas had no illusions that leaving Mexico City to pursue a graduate degree at University of California-Berkeley would be easy. But he was unprepared for the harsh reality of finding safe and affordable housing in a college town struggling to accommodate its growing student population.

After a faulty air conditioner set fire to his ...Read more

Dreamstime/Dreamstime/TNS

It's FAFSA time: Why and how to apply for college financial aid

Business / Business News /

Holiday shopping dominates the headlines and airwaves this time of year, but it's also when teenagers and young adults are deep into thinking about one of the most important financial decisions of their lives: whether and where to go to college.

And the primary tool in that decision is the document that must be filled out before each new ...Read more

Jason Armond/Los Angeles Times/TNS

Why skywriting and other forms of aerial advertising are booming in LA

Business / Business News /

On a lightly breezy afternoon, Carlos Shihady and Maram Shehada stood together at the Point Reyes Lighthouse, where the rocky land juts a finger out into the Pacific, and watched "Carlos (heart) Maram 12 17 2022" appear in the sky.

It was a grand save-the-wedding-date gesture to share with family and friends via social media, marking a high ...Read more

Charley Gallay/Getty Images North America/TNS

Kareem Daniel and the rise and fall of the Disney executive who helped define the Bob Chapek era

Business / Business News /

For more than a decade, Kareem Daniel faithfully followed the Walt Disney Co. script for success.

The 48-year-old executive had a Stanford MBA. He started as an intern and held key leadership roles with divisions including the Imagineers, the vaunted designers of theme park rides. He was a movie buff and an unabashed fan of Disney properties �...Read more