Roku to lay off another 200 workers in latest round of cuts
Streaming device maker Roku on Thursday said it plans to lay off 200 employees, or 6% of its workforce, as it seeks to trim down its expenses in a tough economic environment.
The San Jose company also said it plans to exit or sublease office space that it's not currently using.
It's the latest round of layoffs for the company, which announced ...Read more
ABC News senior managers out amid Disney layoffs
ABC News is undergoing a major executive shake-up as part of company-wide layoffs at Walt Disney Co.
Several top managers with decades of experience were among the people inside ABC News who were cut Thursday, according to people who were familiar with the details but not authorized to discuss them publicly. The high-level cuts sent shock waves...Read more
Tesla pursues building a new US Plant with China's dominant battery maker
Tesla Inc. is looking to build a battery plant in the U.S., according to people familiar with the matter, in what would likely be a controversial arrangement with China’s dominant electric-vehicle battery manufacturer.
The EV maker discussed plans involving Contemporary Amperex Technology Co. Ltd. with the White House in recent days, said the...Read more
Grocery wars: Publix will face off with Kroger in Kentucky, but will it stop there?
Publix is heading into Kroger country with an expansion to Kentucky this year, but industry experts say they don’t see the Florida grocery giant expanding far beyond the Southeast anytime soon.
Lakeland, Florida-based Publix’s growth into its eighth state will start with a Louisville store expected to be completed during the last part of ...Read more
Musk's Twitter antics keep some advertisers away, curbing sales
In the weeks after Elon Musk acquired Twitter Inc., hundreds of advertisers paused spending on the platform, wary of the changes the mercurial billionaire might bring to the social media platform. Months later, many still haven’t returned, despite efforts by Twitter’s sales team to woo them back with steep discounts and new safety tools.
Michael Hiltzik: How Disney's lawyers brutally mauled DeSantis over control of Disney World
Did you really believe that Florida's arrogant, petty, childish Gov. Ron DeSantis would get the better of Walt Disney Co. in their fight over Disney's supposed "wokeness"?
If so, you don't know your Disney.
DeSantis handpicked a board of cronies to take over control of Reedy Creek Improvement District — the quasi-governmental entity that ...Read more
'We are changing the future:' Disney World workers approve contract for $18 minimum wage
Disney’s lowest-paid full-time workers will earn at least $18 an hour this year under a contract union members overwhelmingly approved Wednesday.
In a one-day poll, 97% percent of the over 12,500 workers who voted supported a contract proposal that will raise Disney’s minimum wage for full-time workers from $15 to $17 an hour immediately. ...Read more
Can this former CEO fix the World Bank and solve the world's climate finance and debt crises?
Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state.
Many low- and middle-income countries – the population the World Bank is tasked with helping – are falling deeper into debt and facing growing costs as the impacts ...Read more
Governors push faster construction to meet housing needs
PORTLAND, Oregon — Dick Anderson, a Republican state senator from coastal Oregon, has a chart and a readymade joke to illustrate the housing crisis facing his state. Up until 2006, his figures show, home building was on an upward trajectory in Oregon. But once he retired from a career in housing finance in 2006, the numbers plummeted.
"From ...Read more
As the Bay Area urbanizes around it, Livermore is one of the last ag cities standing
From certain places on Darrel Sweet’s ranch near Altamont Pass in California's Diablo Range, the world looks no different than it did 150 years ago. Wildflowers blanket the hillside. A ranch dog named J.J. chases squirrels across a muddy dirt track. Cows stand near a cattle pond, looking out at a range of rolling hills that seem to act as a ...Read more
Disney's planned community in California takes shape with nod to 'The Incredibles'
The House of Mouse? Think a whole lot bigger.
Officials last week released fresh details about the first Storyliving by Disney project in Riverside County, California, an ambitious effort to infuse a master-planned community with the Burbank entertainment giant's trademark whimsy and wonder.
Among the newly unveiled features of the in-the-...Read more
Affluent Orange County town battles a new breed of luxury party houses: fractional ownership
Max Gardner and his wife, Artyn, decided to sell their home in Irvine and move to Balboa Island eight years ago because they wanted something more than a comfortable place to live. They were hunting for a lifestyle.
On this tony man-made island in Newport Beach, California, stately homes with street-facing patios are clustered together on ...Read more
Real estate Q&A: What can we do about sellers swapping lights and laundry for lower-cost versions?
Q: We are buying a new home and did our walk-through before the closing. Not only was the fancy chandelier changed for a simple ceiling light, but the high-end washer and dryer had been replaced with well-used basic models. We are distraught. What can we do? — Jon
A: When people agree to buy and sell a property, they must sign a written ...Read more
Google 'not truthful,' tried to 'subvert' court process by deleting evidence in monopoly case, judge rules
A federal court judge has lambasted Google for deceptive tactics in a high-stakes court case, with California Attorney General Rob Bonta also attacking the technology behemoth for “egregious behavior.”
The judge’s excoriation came in a multi-lawsuit legal action involving dozens of states, including California, accusing the Mountain View,...Read more
Cargill to stop handling Russian grains for export as war in Ukraine continues
Minnesota-based agribusiness Cargill said it will stop exporting Russian grains sourced by the company by the middle of this summer.
"(A)s grain export-related challenges continued to mount, Cargill will stop elevating Russian grain for export in July 2023 after the completion of the 2022-2023 season," the company said in a statement.
How a Georgia plant is helping solve a huge EV supply chain kink
COVINGTON, Georgia — In a reused half-century-old factory about an hour east of Atlanta, a Massachusetts company is on the front lines of expanding the American electric vehicle supply chain. And it all starts with recycling.
Ascend Elements’ new facility near Covington Municipal Airport takes spent lithium-ion batteries and scrap from EV ...Read more
Marvel Entertainment's Ike Perlmutter booted amid Disney layoffs
Walt Disney Co. has bounced Marvel Entertainment chairman Isaac "Ike" Perlmutter.
The 80-year-old comics titan, who has long been a prickly presence within the Burbank entertainment company, got swept up in a broad cost-cutting move that began earlier this week. Disney confirmed Wednesday that Perlmutter had received his pink slip.
When Disney...Read more
Stubborn inflation, tight labor market quite challenging, Miami Fed exec says
Inflation needs to be brought under better control before the Federal Reserve starts reversing its monetary policy of boosting interest rates, a Miami-based regional executive with the Federal Reserve Bank of Atlanta said Tuesday, during a regional economic summit at Key Biscayne.
The U.S. Consumer Price Index, or CPI, in February was 6% over ...Read more
Seattle City Council approves paid sick leave for gig workers
The Seattle City Council voted unanimously Tuesday to permanently give most gig workers paid sick leave and paid safe time, the latest in the expansion of labor rights for app-based workers, and the first statute of its kind nationally.
The vote broadens and cements the pandemic-era policy that previously allowed food delivery workers to accrue...Read more
Tech sector H-1B employees' spouses can work in US, judge says
Big technology companies won a major court victory in Washington, where a judge dismissed a suit challenging the rights of highly skilled H-1B visa holders’ spouses to work in the U.S.
U.S. District Judge Tanya Chutkan on Tuesday issued a decision upholding the Obama-era rule under which the U.S. Department of Homeland Security has issued H-4...Read more
- Inflation is declining, but health premiums and medical costs are heading higher
- Nurse shortage named 'global health emergency'
- 'We are changing the future:' Disney World workers approve contract for $18 minimum wage
- Cargill to stop handling Russian grains for export as war in Ukraine continues
- Half of US employees earn extra cash on the side, survey finds