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Katelyn Myrick/The Atlanta Journal-Constitution/TNS

NCR Voyix appoints a new CEO

Business / Business News /

Less than 16 months after NCR split into two companies, the digital commerce half has ousted its short-lived CEO in favor of new top leadership.

NCR Voyix announced Wednesday it appointed James “Jim” Kelly as its next president and CEO, succeeding David Wilkinson, who was president and CEO since the split.

Wilkinson’s short stint helming...Read more

Britta Pedersen/dpa/TNS

In major move, Honeywell to split into three companies

Business / Business News /

Honeywell is separating into three publicly traded companies, the Charlotte, North Carolina-based conglomerate said Thursday. But not all will be headquartered in Charlotte.

Honeywell will spin off its automation and aerospace tech businesses. The separations are expected to be completed by the second half of 2026, Honeywell said.

The company ...Read more

Dreamstime/Dreamstime/TNS

Workday chops 600-plus Bay Area jobs, one-third of worldwide total

Business / Business News /

PLEASANTON — The software company Workday will chop more than 600 jobs in the East Bay — roughly one-third of its worldwide layoff plans — a wrenching cutback spurred by a push to scout for AI opportunities.

The company has disclosed plans to eliminate 1,750 jobs worldwide even as it hires workers who can help Workday mine potential ...Read more

Anna Spoerre/Kansas City Star/TNS

Missouri Republicans seek to roll back voter-approved minimum wage increases

Business / Business News /

JEFFERSON CITY, Missouri — Missouri House Republicans are looking to alter the new minimum wage and sick leave law voters approved in November.

Proposition A, which passed in rural, suburban and urban parts of the state, raised the minimum wage from $12.30 an hour to $13.75 an hour this year. It will go up again to $15 an hour in 2026, with ...Read more

RJ Sangosti/The Denver Post/TNS

Union members start 2-week strike of King Soopers stores across metro Denver

Business / Business News /

Union members kicked off a two-week strike of King Soopers stores across metro Denver early Thursday morning to protest what they say were unfair labor practices during contract negotiations.

About 10,000 employees of the supermarket chain were expected to walk picket lines at 77 stores in Adams, Arapahoe, Broomfield, Denver, Douglas and ...Read more

Christina House/Los Angeles Times/TNS

Allstate expects $1.1 billion in losses from Los Angeles fires

Business / Business News /

Allstate said this week that it expects to lose $1.1 billion due to the Los Angeles fires, making it the second major insurer to announce the financial impact of the country's single most costly blaze.

The Northbrook, Illinois, company said the figure represents its losses on a pre-tax basis and after deducting payments it received from ...Read more

Real estate Q&A: Can association's new tree block owner's ocean view?

Business / Business News /

Q: Can a community association plant a tree on the common property that will obstruct a single owner’s view of the ocean? — Roy

A: Homeowners, including those living in a community association, ordinarily have no legal right to a certain view.

However, like most issues involving legal rights, the specific facts of the situation can make a ...Read more

Robin Buckson/The Detroit News/TNS

Ford forecasts lower 2025 earnings. Here's why

Business / Business News /

Ford Motor Co. will cut costs, improve electric vehicle volumes and invest more in its future in 2025, but it's expecting pricing pressures to weigh on annual financial results.

The Dearborn, Michigan, automaker forecasted adjusted operating income of $7 billion to $8.5 billion, down from the $10.2 billion it recorded Wednesday for 2024, even ...Read more

Justin Sullivan/Getty Images North America/TNS

US initial jobless claims pick up, still near pre-COVID levels

Business / Business News /

Initial applications for U.S. unemployment benefits picked up last week but remained relatively subdued.

New claims increased by 11,000 to 219,000 in the week ended Feb. 1. The median forecast in a Bloomberg survey of economists called for 213,000 applications.

The level of initial claims remain generally in line with pre-COVID-19 levels, and ...Read more

World inflation at risk of rekindling with Trump's trade war

Business / Business News /

The more President Donald Trump threatens tariffs on the U.S.’s trading partners, the more the worry of another inflation wave troubles global economists.

Stubborn consumer-price growth was bothering much of the world even before he entered the White House. With this week’s measures against China offering the first concrete evidence that ...Read more

Josh Edelson/AFP/Getty Images North America/TNS

Google ends hiring targets tied to diversity

Business / Business News /

Google is the latest tech company rethinking how it approaches diversity, equity and inclusion in the workplace as businesses face more political pressure from President Donald Trump to roll back these initiatives.

The search giant will no longer set hiring goals that are tied to improving representation in the company. The move was first ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Citadel to leave namesake Chicago tower as employees relocate

Business / Business News /

Ken Griffin’s Citadel is departing the iconic Chicago tower that once served as its headquarters, cutting one of its last remaining ties to the city.

The financial conglomerate is in talks to exit Citadel Center, the 37-story building named after the company at 131 S. Dearborn St., people familiar with the discussions said. Citadel would ...Read more

David Guralnick, Detroit News/The Detroit News/TNS

Ford posts profit increase in 2024 on highest revenue year, beats expectations

Business / Business News /

Ford Motor Co.'s net income increased 37% year-over-year in 2024 to $5.9 million, with the automaker reversing a fourth-quarter loss in the fourth quarter of the prior year and beating Wall Street expectations.

For the full year, the Dearborn, Michigan, automaker recorded a $10.2 billion adjusted operating profit, a 5.5% margin, on revenue of $...Read more

Clarence Tabb Jr./The Detroit News/TNS

Ford profit sharing: Here's how much UAW members will get for 2024

Business / Business News /

Ford Motor Co. said Wednesday it will pay profit-sharing bonuses of approximately $10,208 to hourly autoworkers in the United States for 2024.

The total amount for employees could be above or below that depending on compensated hours for the 57,000 eligible employees. The amount is just below the $10,400 average checks for Ford workers last ...Read more

Handout/Pinnacle Advertising/TNS

Once-obscure WeatherTech has wild ride with its 13th Super Bowl ad

Business / Business News /

When Super Bowl LIX airs Sunday on Fox from New Orleans, more than 100 million viewers are expected to watch the Kansas City Chiefs vie for an unprecedented three-peat when they take on the Philadelphia Eagles.

An unlikely Chicago team is on an equally remarkable Super Bowl run, as WeatherTech, a once-obscure car floor mat manufacturer based in...Read more

Disney studio earnings soar with 'Moana 2.' Hurricanes hit theme park profits

Business / Business News /

The box office tidal wave of "Moana 2" lifted Walt Disney Co.'s results for the fiscal first quarter, even as its reliable theme park sector was hampered by dual hurricanes in Florida.

The Burbank media and entertainment giant reported $24.7 billion in revenue for the three-month period that ended Dec. 28, a 5% increase compared to the previous...Read more

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Silicon Valley's brilliant young techies help Musk, Trump penetrate government, drawing Democrat fury

Business / Business News /

It’s not every day that a group of young Silicon Valley technology prodigies gets the keys to the most powerful nation on Earth. In fact, it appears that has not happened on any day. Ever. Until now.

Six men aged 19 to 24 — most with strong Bay Area connections — have been identified as associates of the controversial, Elon Musk-led ...Read more

Jessica Griffin/The Philadelphia Inquirer/TNS

Nutrisystem emailed a woman who never shared her address. Now it's facing a class-action lawsuit

Business / Business News /

A California woman was surprised when she got an email from Nutrisystem last month, after casually browsing the company’s website. The problem, she alleges in a new lawsuit, is that she never gave the company her email address.

The woman, Amelia Ingrao, had never visited the site before, nor had she given the Pennsylvania-based diet company ...Read more

Richard Tribou/Orlando Sentinel/TNS

Details emerge for massive ships planned for Norwegian Cruise Line

Business / Business News /

Norwegian Cruise Line had already announced it was planning to compete with Royal Caribbean in the big-ship game, but details on just how big its new Pinnacle class would be were revealed Wednesday.

In a press release from Italian shipyard company Finacantieri, it announced NCL’s parent company, Norwegian Cruise Line Holdings Ltd., had moved ...Read more

Handout/Jim Rossman/TNS

Tech review: Add a space heater to your chilly rooms

Business / Business News /

It’s winter and I live in Dallas, which means the weather is a real tossup.

It isn’t uncommon for a few days with high temps in the 70s to be followed up with a cold front that drops the temperature 25 or 30 degrees in an afternoon.

Space heaters are not usually on my radar, as I’m fairly warm-natured, but our house is a bit drafty and ...Read more