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L.E. Baskow/Las Vegas Review-Journal/TNS

Las Vegas Strip hotels colluded, inflated room rates, lawsuit claims

Business / Business News /

A class-action lawsuit filed Wednesday alleges hotel operators on the Las Vegas Strip colluded to artificially inflate the prices of hotel rooms to above competitive levels.

Attorneys with Seattle-based law firm Hagens Berman say a revenue management platform employed by a majority of Strip hotels uses real-time pricing and supply information ...Read more

BuzzFeed shares surge 120% on plans to embrace OpenAI

Business / Business News /

BuzzFeed Inc. shares surged by a record on news that the digital-media company plans to use OpenAI to bolster some of its content creation.

The stock rose by 120% Thursday, bringing BuzzFeed’s market value to nearly $300 million, in its biggest gain since going public via a blank-check merger in December 2021. The news sparked a trading ...Read more

Win McNamee/Getty Images North America/TNS

Boeing-DOJ 'sweetheart deal' decried by victim's wife

Business / Business News /

Naoise Connolly Ryan told a Texas judge she’s refused any of the $500 million Boeing Co. was required to set aside to compensate families of 737 Max crash victims under a deferred prosecution agreement with the U.S. government.

“The secret sweetheart deal is not justice,” Ryan, who’s husband Mick was killed in an Ethiopian Airlines ...Read more

Dreamstime/Dreamstime/TNS

Investors focus ESG on contrast between climate words and actions

Business / Business News /

Investors will ramp up their scrutiny of corporate political spending this spring with a specific focus on whether companies’ advocacy and lobbying align with the climate goals of the Paris Agreement.

The increased attention is coming from asset managers targeting environmental, social and governance issues, as well as advisory firms that are...Read more

Justin Sullivan/Getty Images North America/TNS

Intel and Spatronics jolt Bay Area job market with more tech layoffs: new filings

Business / Business News /

SANTA CLARA, California — The jolts from Intel’s announced job cuts have intensified with disclosures of plans by the chipmaking giant to slash more jobs in Santa Clara, California, according to new state filings.

Spartronics, a maker of printed circuit boards and other electronic equipment, revealed in a separate filing with the state ...Read more

BuzzFeed shares triple on plans to embrace OpenAI for content

Business / Business News /

BuzzFeed Inc. shares surged by a record on news that the digital-media company plans to use OpenAI to bolster some of its content creation.

The stock rose by as much as 203% on Thursday, bringing BuzzFeed’s market value to around $400 million, in its biggest gain since going public via a blank-check merger in December 2021. The news sparked a...Read more

Win McNamee/Getty Images North America/TNS

Boeing pleads not guilty in fraud case over 737 Max crashes

Business / Business News /

Boeing Co. pleaded not guilty to deceiving US regulators about changes made to its 737 Max flight control system that led to two horrific crashes, before relatives of some victims made tearful appeals to the judge to hold the aircraft maker accountable.

The arraignment in federal court in Fort Worth, Texas, marks the first time the company has ...Read more

Florida sets record in Obamacare enrollment as people clamor for health insurance

Business / Business News /

Florida led the way with the highest number of people in the country who signed up for health insurance under the Affordable Care Act, with more than 3.2 million people enrolling, or 20 percent of the country’s totals.

A record 16.3 million people nationwide signed up for plans on the federal health insurance exchange during the open ...Read more

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FDA seeks end of regulatory wild west for CBD products

Business / Business News /

The Food and Drug Administration on Thursday announced that CBD products, increasingly popular but largely unregulated, will soon join the ranks of other more mainstream, regulated products.

But rather than regulate the product as a dietary supplement or food, the agency announced it will work with Congress to create a new regulatory pathway ...Read more

Phillip Molnar/The San Diego Union-Tribune/TNS

San Diego has declared 'housing as a human right' but does it mean anything legally?

Business / Business News /

San Diego City Council voted unanimously Tuesday to declare housing as a human right, a rare move for a city with a lot of housing issues.

San Diego's resolution states housing is a "fundamental human right and reaffirms its commitment to providing more housing and services geared toward putting a roof over the head of every San Diegan." ...Read more

'High anxiety' in Miami's Little Haiti, after developers snap up properties at big auction

Business / Business News /

Already reeling economically from the COVID-19 pandemic, rampant real estate speculation and looming gentrification, residents and business owners in Miami’s Little Haiti neighborhood are now confronting a new source of worry and uncertainty: The purchase by developers of a significant slice of properties along its main commercial street.

...Read more

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US GDP expands at healthy 2.9% pace while slowdown signs mount

Business / Business News /

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

Gross domestic product increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’...Read more

Keely Larson/KHN/Kaiser Health News/TNS

Luring out-of-state professionals is just the first step in solving Montana's health worker shortage

Business / Business News /

Jenna Eisenhart spent nearly six years as a licensed therapist in Colorado before deciding to move to a place with a greater need for her services. She researched rural states facing a shortage of behavioral health providers and accepted a job as a lead clinical primary therapist at Shodair Children’s Hospital in Helena, Montana, in January ...Read more

Nike's exit shows just how far downtown Seattle is from a comeback

Business / Business News /

Just before noon last Friday, a crowd gathered quietly on the corner of Sixth Avenue and Pike Street, waiting to pay their last respects to the downtown Seattle Nike store before it closed for good.

"I'm heartbroken," said Richard Green, who had come up from Tacoma and who, despite being entirely outfitted in Nike (including, he attested, ...Read more

Dreamstime/Dreamstime/TNS

A huge chunk of land in Bel-Air is going up for auction

Business / Business News /

Thanks to its impressive list of celebrity residents and impressive collection of record-setting mega-mansions, the Los Angeles Westside neighborhood Bel-Air has developed a reputation as one of the ritziest enclaves in the country.

A 260-acre property that spans 6% of the famed neighborhood is being auctioned off to the highest bidder.

The ...Read more

Real estate Q&A: What should I do if condo manager doesn't respond to emails?

Business / Business News /

Q: Several months ago, I discovered a large hole in the building’s exterior that exposed the inside of the wall in behind my apartment. I emailed our condominium’s manager a few times and have not gotten a response. What should I do? — Steven

A: It is good that you are taking damage to your condominium building’s condition seriously. It...Read more

Dai Sugano/Bay Area News Group/TNS

Feds to Elizabeth Holmes: What about that one-way ticket to Mexico?

Business / Business News /

Theranos founder Elizabeth Holmes, defending herself against prosecutors’ claim that she tried to flee the U.S. after her 2022 fraud conviction, failed to explain her one-way ticket to Mexico, the prosecution said in a court filing Wednesday.

Prosecutors alleged in a court filing last week that Holmes, convicted in early January 2022 and ...Read more

High Orlando rents are 'a new normal,' expert says

Business / Business News /

The explosive cost of rent around the country continued to cool in December, according to a report released Thursday, but one expert says the high prices of the past two years are likely to be “the new normal” for Orlando, Florida.

The median rent in metro Orlando was $2,130 per month in December, up about 2% from November, according to the...Read more

Dai Sugano/Bay Area News Group/TNS

Feds to Elizabeth Holmes: What about that one-way ticket to Mexico?

Business / Business News /

SAN JOSE, Calif. — Theranos founder Elizabeth Holmes, defending herself against prosecutors’ claim that she tried to flee the U.S. after her 2022 fraud conviction, failed to explain her one-way ticket to Mexico, the prosecution said in a court filing Wednesday.

Prosecutors alleged in a court filing last week that Holmes, convicted in early ...Read more

Eric Perry/FORD/TNS

Ford's BlueCruise automated driving system tops Consumer Reports study

Business / Business News /

Ford Motor Co.'s BlueCruise active driving assistance (ADA) system has surpassed General Motors Co.'s SuperCruise and Tesla Inc.'s Autopilot to achieve the top spot in a Consumer Reports' study of 12 of the ADA systems released Wednesday.

Consumer Reports tested the systems at its 327-acre Auto Test Center in Connecticut and on a 50-mile public...Read more