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Bollinger Motors/Bollinger Motors/TNS

Bollinger shelves consumer EVs to focus on commercial trucks

Business / Business News /

The imposing, battery-powered Bollinger B2 pickup truck won't be seen on the road anytime soon.

The Michigan-based startup announced Friday that it is canceling consumer orders for its innovative, off-road-capable B2 pickup and B1 SUV in order to focus on its burgeoning commercial truck business.

The $125,000 B1 and B2 were part of a squadron ...Read more

Renée Jones Schneider/Minneapolis Star Tribune/TNS

Parents near breaking point as COVID-19 exacerbates child-care crisis

Business / Business News /

Parents are tired.

Take nursing assistant Tammi Lewis, who missed weeks of work and $7,800 in wages when her toddler's child-care classroom in Plymouth, Minnesota suffered COVID outbreaks.

Or Kelsey and Christian Dahlager of St. Paul, Minnesota, who pay $3,000 a month for child care for their two children — a sum greater than community ...Read more

Suchada Toemkraisri/Dreamstime/Kaiser Health News/TNS

Consumer Confidential: A new law aims to protect you from surprise (read: bonkers) medical bills

Business / Business News /

The Consumer Financial Protection Bureau warned debt collectors and credit agencies last week that they need to step more carefully when it comes to trashing people's credit scores because of stratospheric medical bills.

The agency's notice underlines that the federal No Surprises Act took effect this month, protecting people from many ...Read more

STAN HONDA/Getty Images North America/TNS

Why publisher of the Onion, A.V. Club is battling WGA, East

Business / Business News /

Katie Rife, a senior writer for entertainment site the A.V. Club, was working past midnight on a review last week when her friend sent her a text. It was a posting for her job.

Rife was mulling over an offer by her employer to relocate from Chicago to Los Angeles and still had nine days before the Jan. 15 deadline to make her decision.

"At ...Read more

Microsoft to buy Activision Blizzard in $69 billion gaming deal

Business / Business News /

Microsoft Corp. said it’s buying Activision Blizzard Inc. in a $68.7 billion deal, uniting two of the biggest forces in video games.

In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the U.S.’s biggest gaming publishers, known for titles like Call of Duty and World of Warcraft but which is also grappling with a...Read more

GEORGE FREY/AFP/Getty Images North America/TNS

Airlines urge US regulators to delay 5G wireless rollout

Business / Business News /

A trade association representing major U.S. airlines asked Transportation Secretary Pete Buttigieg and the nation’s top communications and aviation regulators to prevent wireless carriers from implementing 5G services close to airports.

Airlines for America warned in a letter Monday that the traveling and shipping public could see “...Read more

Trucker vaccine rule is making freight and fruit pricier

Business / Business News /

(Bloomberg) — New rules requiring truckers to show proof of vaccination when crossing the Canada-U.S. border are cutting into shipping capacity and boosting the cost of hauling everything from broccoli to tomatoes.

The cost of transporting produce out of California and Arizona to Canada jumped 25% last week as fewer trucks are available to ...Read more

Glen Stubbe/Minneapolis Star Tribune/TNS

FDA: Medtronic slow to update, recall defective insulin pumps for diabetes patients

Business / Business News /

While the U.S. Food and Drug Administration acknowledges Medtronic is actively working on fixing issues within its diabetes business, especially in regard to some of its insulin pumps, it says the steps took too long and are not enough.

Medtech giant Medtronic took more than three years to replace and start recalling insulin pumps with ...Read more

Stellantis/TNS/TNS

Stellantis car-sharing company is hiring, looking to grow by 40%

Business / Business News /

The car-sharing company from the maker of Jeep SUVs and Ram pickup trucks is looking to grow its workforce by 40%, including hires in the United States.

Stellantis NV's Free2move on Monday said it is adding 100 people to its 250-person team in Madrid, Paris and the U.S. in efforts to expand its app that offers users vehicles available for rent ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Employers are on their own after court guts Biden vaccine-or-testing mandate

Business / Business News /

With the U.S. Supreme Court blocking the Biden administration's vaccine mandate for private companies, employers now face a patchwork of state rules on COVID-19 workplace safety.

Different, and sometimes confusing, vaccine rules now apply across the economy based on the city, sector, funding source, and corporate policy.

"There isn't a right ...Read more

Stellantis/TNS

As Stellantis turns 1, automaker faces two paths

Business / Business News /

A year after the transatlantic merger that created Stellantis NV, experts say the company is looking at two potential futures.

The maker of Jeep SUVs and Ram pickup trucks has outlined a vision for electrification and software, announced strategic partnerships and pressed through an unprecedented microchip shortage. It moved forward on cost ...Read more

Mandi Wright/Detroit Free Press/TNS

Susan Tompor: GM teams up with Marcus by Goldman Sachs for new digital-friendly credit card

Business / Business News /

General Motors, which first introduced its branded credit card 30 years ago, is moving to a new digital platform and partnership with Marcus by Goldman Sachs.

"Points earned today can be redeemed tomorrow," John Lazzati, managing director for consumer cards at Marcus by Goldman Sachs, said in a press call last week, announcing the major change....Read more

Christina House/Los Angeles Times/TNS

Stranded sailors rely on this Walmart of the seas. COVID made it hard to stay afloat

Business / Business News /

LOS ANGELES — Jeff Crouthamel can never forget the time his father was asked to deliver a wriggling cow to a ship docked in San Pedro Harbor. The cow twisted out of the sling being used to hoist it aboard and had to be fished out of the water.

Or the shipment of 100 live chickens intended to feed a delayed ship's crew that instead spent five ...Read more

Ellen M. Banner/The Seattle Times/TNS

Former chief project engineer on 737 Max retires from Boeing

Business / Business News /

Boeing Vice President Michael Teal, the former chief project engineer on the 737 Max program during that jet's development, is retiring, Boeing announced internally Friday.

Though Teal was the top engineer on the Max program during the jet's certification process, in congressional testimony in 2020 he denied all knowledge of the engineering ...Read more

Dreamstime/Dreamstime/TNS

Ford inks 5-year deal with financial service Stripe to overhaul online payments

Business / Business News /

Ford Motor Co. and financial services startup Stripe Inc. on Monday announced a five-year agreement to overhaul the automaker's online payment process.

Under the agreement, Stripe — which is co-headquartered in San Francisco and Dublin, Ireland and is one of the most valuable startups in the U.S. — would serve as the "premier" payment ...Read more

Dreamstime/TNS/TNS

Walmart filings reveal plans to create cryptocurrency, NFTs

Business / Business News /

Walmart Inc. is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the U.S. Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse.

The retailer sought several new trademarks in December that show it intends to make and sell virtual goods such as ...Read more

Dreamstime/Dreamstime/TNS

US Census shelves planned changes to population survey

Business / Business News /

WASHINGTON — The U.S. Census Bureau postponed planned changes to its population survey, which economists said would have jeopardized their ability to dig below the main employment data to track more detailed wage and job figures.

The Census Bureau had planned to publish fewer details from its Current Population Survey — which polls ...Read more

Dennis Van Tine/Abaca Press/TNS

Martin Shkreli 'pharma bro no more,' ordered to pay $64.6 million to victims of price gouging and is banned from drug industry

Business / Business News /

NEW YORK — Imprisoned “Pharma Bro” Martin Shkreli was banned for life from the pharmaceutical industry and ordered to return to victims $64.6 million of the profit he made by jacking up the price of a life-saving drug, a federal judge ordered Friday.

The Federal Trade Commission and seven states, including New York, sued in January 2020 ...Read more

Dreamstime/Chicago Tribune/TNS

Consumer Confidential: Chase let an elderly customer wire more than $600,000 to an overseas scammer

Business / Business News /

Seniors lose more than $600 million a year to fraud, according to the Federal Trade Commission. That's shocking and heartbreaking.

But what also raises my hackles is when banks turn a blind eye to such activity, authorizing money transfers when it should be obvious that something out of the ordinary is happening.

Lisa Spanierman contacted me ...Read more

General Motors/General Motors/TNS

GM's chief economist says US inflation problems will improve

Business / Business News /

General Motors' chief economist said Thursday that she believes the country's inflation problems are only temporary and mostly the result of supply-chain bottlenecks — not last year's stimulus checks — and that they will likely ease up later in the year.

Speaking at a virtual meeting of the Detroit Economic Club, Elaine Buckberg said that ...Read more