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Genaro Molina/Los Angeles Times/TNS

Blue Shield of California customer data stolen in cyberattack

Business / Business News /

An unknown number of Blue Shield of California members may have had their personal data, including Social Security numbers, birth dates and treatment information, stolen during a cybersecurity breach this spring.

The healthcare insurance provider said the attack targeted the files of one of its contracted vendors, which manages vision benefits ...Read more

Stringer photo/AFP/Getty Images North America/TNS

US sets limits on Chinese content to receive EV tax credits

Business / Business News /

The Biden administration released long-awaited rules designed to block electric-vehicle manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with the new mandates.

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through ...Read more

DREAMSTIME/TNS

Brian Merchant: The depressing fall of Sports Illustrated reveals the real tragedy of AI

Business / Business News /

Quick, name five classic American magazines.

Did you say Sports Illustrated? I did. And I'm not even a sports guy. But if you're of a certain age, you know Sports Illustrated. Along with, say, People, Time and National Geographic, it has long lined the dentist offices, neighbors' doormats and coffee tables of your life. It's an institution. At ...Read more

Stringer photo/AFP/Getty Images North America/TNS

US sets limits on Chinese content to receive EV tax credits

Business / Business News /

The Biden administration released long-awaited rules designed to block electric-vehicle manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with the new mandates.

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through ...Read more

Breana Noble/The Detroit News/TNS

Chicago Fed president Goolsbee says inflation on track to reach 2% goal

Business / Business News /

Chicago Fed president Austan Goolsbee said Friday that inflation is on track to slow to the central bank’s goal of 2%.

Speaking at the regional bank’s annual economic outlook symposium, Goolsbee said the latest inflation data — which showed consumer prices flattened between September and October — was “absolutely what we wanted it to ...Read more

Mercedes-Benz/Mercedes-Benz/TNS

Auto review: 2023 Mercedes EQB offers treatments for 'range anxiety'

Business / Business News /

Let’s call them the EV-tentative. These folks are interested in electric vehicles but haven’t quite flipped the switch yet because of that dreaded “range anxiety.”

For anyone who isn’t familiar with the term, it’s already in the Oxford dictionary: “Worry on the part of a person driving an electric car that the battery will run out...Read more

Toyota/TNS/TNS

Auto review: After nearly two decades, Toyota redesigns the Tacoma for 2024

Business / Business News /

It finally happened, although it seemed like it never would have. Toyota finally redesigned its midsize pickup truck, the Toyota Tacoma, for the 2024 model year.

Of course, you can’t blame Toyota for milking every bit of profit out of the old truck. After all, it has long dominated its market segment, selling more than two-and-a-half times as...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2023 Integra Type S keeps Acura sporty

Business / Business News /

As Acura, Honda Motor Co.’s upscale brand, continues to deliver exactly what consumers want, the four-door sedan is no secret to both brands. Originally the Integra, a two-door sports coupe, was eliminated for vehicles with three-letter naming conventions such as the RSX, TSX, TLX and others in larger categories. The Integra is back in the ...Read more

Drew Kann/The Atlanta Journal-Constitution/TNS

UAW wants to organize non-union auto plants. The South is a big target

Business / Business News /

The United Auto Workers on Wednesday said employees at non-union auto manufacturers across the U.S. have launched coordinated campaigns to organize their plants and join the union. Some of the biggest targets stretch across the South.

The sprawling campaign to organize workers at 13 non-union automakers follows the UAW’s successful ...Read more

Myung J. Chun/Los Angeles Times/TNS

How to score an instant rebate on a new or used electric car in California

Business / Business News /

Thinking about treating yourself to an electric car as a winter holiday gift? You might wait until Jan. 1, when new rules kick in that allow your down payment to be paid with free money from Uncle Sam.

If your income isn’t too high, and the car or truck you plan to buy isn’t ultra-luxe, you could qualify for instant cash back of up to $7,...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Big Pharma is 'reeling' over the Inflation Reduction Act. Now Merck is fighting back

Business / Business News /

The pharmaceutical industry suffered a huge legislative defeat last year when Congress and President Joe Biden enacted a law aimed in part at lowering prescription drug costs for Medicare beneficiaries.

Now at least one drugmaker is fighting back in the courts and on Capitol Hill.

Merck & Co. filed a lawsuit in June alleging the Inflation ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

Elon Musk delivers first Tesla Cybertrucks, calling them 'the most unique thing on the road'

Business / Business News /

Four years after Elon Musk unveiled it with billowing clouds of smoke, balls of fire and a botched demonstration of its shatter-resistant windows, Tesla has finally made the first deliveries of its alien-punk Cybertruck.

Standing in the bed of the stainless-steel-clad electric pickup, which has been mired by production delays and skepticism ...Read more

Bay Area tech layoffs soar to brutal heights with huge VMware job cuts

Business / Business News /

PALO ALTO, California — Tech industry job cuts in the Bay Area have reached two new grim milestones with the disclosure that the Broadcom purchase of VMware will spawn well over 1,000 more Silicon Valley layoffs, documents show.

With the latest revelations of upcoming layoffs, the tech industry has now disclosed plans to chop twice as many ...Read more

Nationwide data breach leaves 1 million Corewell Health patients' information vulnerable

Business / Business News /

A national data security breach at a company hired by Corewell Health has impacted the health information of roughly 1 million patients in southeast Michigan, in addition to 2,500 Priority Health members, according to a statement from the health system earlier this month.

The security breach happened in May when an unauthorized actor gained ...Read more

DREAMSTIME/TNS

Paste Magazine buys Jezebel, wants to 'bring in Gen Z voices' to revive the feminist site

Business / Business News /

Weeks after it was shuttered, Jezebel is back.

Atlanta-based pop culture publication Paste Magazine has acquired the feminist news and opinion publication, with hopes of revamping the once-influential website.

And its professed target audience? Gen Z.

"I think of (Jezebel) as the quintessential site for millennial women who grew up on this, ...Read more

Robin Platzer/Twin Images/ZUMA PRESS/TNS

Disney says ousted Marvel boss has 'personal agenda' against Bob Iger amid proxy fight

Business / Business News /

Activist investor Nelson Peltz is barreling forward with his proxy fight against Walt Disney Co. as his firm, Trian Fund Management, seeks two seats on Disney’s board.

On Thursday, Trian said Disney’s recent appointment of Morgan Stanley Chief Executive James Gorman and former Sky CEO Jeremy Darroch to the board was not enough to “restore...Read more

How real estate agents get paid at issue in high-stakes Georgia lawsuit

Business / Business News /

A class action lawsuit filed in a Georgia federal court that’s modeled on one that resulted in a huge judgment against brokers in Missouri threatens to shake up the local housing market, mainly by revamping the way that real estate agents for homebuyers are paid.

In the Georgia suit, plaintiffs argue that Realtors groups and brokers have ...Read more

Ford shares new guidance after UAW strike costs it $1.7B

Business / Business News /

Ford Motor Co. on Thursday said it's anticipating full-year adjusted operating income of $10 billion to $10.5 billion in 2023 that reflects $1.7 billion in lost profits from the United Auto Workers' 41-day strike against it.

The Dearborn automaker had withdrawn its annual guidance last month pending the ratification of a tentative agreement ...Read more

Dreamstime/TNS

US pending home sales index drops to lowest level on record

Business / Business News /

A gauge of pending sales of existing U.S. homes fell to its lowest level on record in October, illustrating a resale market battered by high borrowing costs and prices.

The National Association of Realtors’ index of contract signings to purchase previously owned homes declined 1.5% to 71.4, the lowest in data back to 2001, the group reported ...Read more

Aric Crabb/Bay Area News Group/TNS

Free rent? With apartment supply increasing, Bay Area landlords turn to concessions

Business / Business News /

A $2,000-a-month studio apartment might not be considered a good deal in most parts of the country. But in the Bay, it might be — especially if the landlord throws in a sweetener.

At least, that’s how Gwen Wang, 23, felt when she got a discount on a new studio in the Skylyne Apartments in Oakland. Her complex offered two months rent free on...Read more