Unsteady EV demand drives tension between suppliers and automakers, survey finds

Business / Business News /

Rising costs and unsteady demand for electric vehicles remain major sources of friction between automakers and their suppliers, according to a new Plante Moran survey examining supplier-automaker relationships.

"The number one tension right now is around the electric vehicle product plans and product cycles," said Dave Andrea, principal in ...Read more

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Red Lobster files for bankruptcy but will stay open

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Red Lobster has filed for Chapter 11 bankruptcy and leaders plan to seek a buyer for the financially troubled seafood chain based in Orlando.

The bankruptcy, first reported by Bloomberg, came in U.S. District Court in Orlando and will allow the company to continue operating.

In a news release late Sunday, the company said the plan is to “...Read more

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Florida leaders offered $3 billion to property insurers. $2.2 billion wasn't claimed

Business / Business News /

TALLAHASSEE, Florida — More than two-thirds of the $3 billion set aside by the Florida Legislature to shore up the state’s collapsing property insurance industry has gone untouched since it first became available in 2022.

Many insurance companies, which asked the Legislature for help, have mostly steered clear of that money. Industry ...Read more

David Joles/Minneapolis Star Tribune/TNS

No one likes shopping for home or auto insurance. Here are tips to make saving less onerous

Business / Business News /

Jay Schleicher has seen his fair share of insurance claims during his career as an agent.

Like when a renter fluffed a blanket and tore down a ceiling sprinkler, flooding their townhome unit with $40,000 in water damage. Or when a homeowner came back from vacation to a wet, stinky basement thanks to a backed-up sewer drain. Earlier this month, ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Cyberattacks on Ascension, Lurie are the latest in a string of health care breaches

Business / Business News /

First, they went after Lurie Children’s Hospital in Chicago.

Next, cybercriminals attacked Ascension, a large nationwide health system with 14 hospitals in Illinois.

In both cases, the hospital systems kept providing care, but took down their electronic health record systems and MyChart online patient portals.

It took more than a month for ...Read more

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Econometer: Is raising the tariff on Chinese EVs a good move?

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The Biden administration quadrupled tariffs on Chinese electric vehicles this week in order to protect American automakers.

The tariffs are expected to rise to 100 percent from 25 percent for EVs. There are additional tariffs for critical minerals, solar goods and batteries.

Critics of the EV tariffs say they go against national efforts to ...Read more

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Boeing whistleblower John Barnett died by suicide, coroner rules

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Boeing whistleblower John “Mitch” Barnett took his own life on March 9, South Carolina authorities reiterated in two reports released Friday. All findings suggest he died from a single, self-inflicted gunshot wound.

Barnett, 62, was found dead in his truck in Charleston, S.C. He was in the midst of giving depositions alleging Boeing ...Read more

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As political storms stir Boeing, board sticks to course -- and Calhoun

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Boeing’s conspicuous manufacturing woes and the resulting scrutiny from regulators, Congress and the flying public cast a shadow Friday over the company’s annual shareholder meeting.

In his opening speech, Steve Mollenkopf, independent chair of the Boeing board of directors, addressed wounds to the company’s reputation suffered since the ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

UPS, Coke and Home Depot shareholders try to force DEI changes

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As diversity programs in corporate America face increasing legal challenges, shareholders of three publicly traded Atlanta corporations have demanded changes around diversity, equity and inclusion initiatives.

The moves come after a U.S. Supreme Court ruling in June 2023 effectively ended race-conscious college admissions programs. Nearly 60% ...Read more

Stellantis taps new leaders for Ram, Dodge brands

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Stellantis NV on Friday said the chief executive for its Ram and Dodge brands, Tim Kuniskis, is retiring after 32 years with the company.

The automaker has tapped Christine Feuell as the new Ram CEO, which will come in addition to her current role as Chrysler brand leader.

Matt McAlear has been appointed Dodge CEO, after having led the brand's...Read more

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UAW loses organizing vote at Mercedes in Alabama

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A majority of workers at the Alabama Mercedes-Benz have voted against joining the United Auto Workers — a setback for the Detroit union in its national campaign to organize foreign transplant factories.

The vote count was 2,642 against union representation and 2,045 for, or 56% no, according to results posted by the National Labor Relations ...Read more

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'I blew it big time.' Former Facebook DEI head gets 5 years in prison for stealing millions

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A former head of diversity, equity and inclusion initiatives at Facebook and Nike was sentenced to five years in prison this week for a brazen fraud scheme she ran while working at the companies.

Barbara Furlow-Smiles pleaded guilty in December to stealing more than $5 million from the two massive companies, though the vast majority was taken ...Read more

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As job growth in California falls back, unemployment rate remains highest in the country

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California posted another anemic month of job growth in April, and the state's unemployment rate remained the highest in the land at 5.3%, the government reported Friday.

Statewide, employers added a net of just 5,200 jobs in April, down from 18,200 in March.

Nationwide, employers added 175,000 jobs in April, and the U.S. unemployment rate ...Read more


Citi hit with racial bias suit from a conservative law firm

Business / Business News /

Citigroup Inc. was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks.

The plaintiffs, who don’t bank with Citigroup, claim they were charged out-of-network fees for transactions at the bank’s ATMs in Florida, while customers from minority-owned financial institutions weren...Read more

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Frontier Airlines breaks away from ultra low cost ticket model

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Frontier Airlines, famous for deeply discounted ticket prices and bare-bones service, is adding new fare categories that include carry-on bags, seat selection and no cancellation fees as it seeks to appeal to U.S. travelers who want more upscale options when they fly.

Frontier, a unit of Frontier Group Holdings Inc., is now offering four fare ...Read more

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Chicago Tribune journalists file lawsuit alleging pay discrimination against female and Black employees

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Seven Chicago Tribune journalists filed an equal pay lawsuit Thursday in Chicago federal court against the newspaper and its owner, Alden Global Capital, alleging female and African American employees unfairly receive lower compensation for their work.

The lawsuit, which is seeking class-action status, alleges female and African American ...Read more

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TikTok parent seeks to fast-track suit over US divest-or-ban law

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China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a U.S. law that would force it to sell the TikTok video-sharing app or face a ban.

“Prompt consideration of these cases is needed to avoid irreparable harm, “ lawyers for ByteDance and TikTok said Friday in a filing in the District of Columbia federal ...Read more

Richard Tsong-Taatarii/Minneapolis Star Tribune/TNS

New overtime pay rules start July 1. Employers say that's too soon

Business / Business News /

Employers are pushing back and asking for more time before implementing new federal overtime rules that will require them to pay overtime to more workers.

The new Department of Labor rules take effect in two stages. Normally, employers can opt not to pay their salaried, white-collar employees "time and a half" for overtime hours worked, ...Read more

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Auto review: The 2025 Aston Martin Vantage is the perfect driving accomplice

Business / Business News /

Aston Martin makes sumptuous sports cars that shake and stir the soul, lighting a driving passion that makes you feel as if your name should be Max, Lewis, Fernando or Lance. And let’s face it, there’s never been an ugly Aston Martin. Yet it’s been through bankruptcy seven times in its 111-year history — and survived. Of course, being ...Read more

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Shoplifting has retailers putting more items behind anthitheft glass but it's driving customers away

Business / Business News /

When Bryan Calhoun goes on a Target run, he avoids the store in Wynnewood, Pennsylvania, just a few miles away from his home in Broomall, a western suburb of Philadelphia. He opts instead to drive to Wayne or Malvern, where fewer items are locked behind antitheft glass.

“At a place like Target, it’s fun to look around. You go in for ...Read more