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Shipt offers free trials for Visa credit card holders

Business / Business News /

Delivery company Shipt will begin to offer temporary free memberships to millions of Visa credit card holders to try free deliveries.

It is one of several changes the Target-owned company has announced in recent months as part of its efforts to continue to grow in the wake of rapid consumer adoption of delivery services during the pandemic.

...Read more

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Mondelez employees end strike after approving new contract

Business / Business News /

A weekslong strike at six Mondelez facilities ended after employees “overwhelmingly” voted to approve new four-year contracts with the maker of brands such as Oreo, Cadbury and Ritz.

Employees represented by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike last month over concessions the ...Read more

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California halts insurance cancellations in major wildfire areas across 22 counties

Business / Business News /

Wrestling with an insurance crisis that’s bedeviled much of rural California for years, the state imposed a one-year ban Monday that prevents carriers from dropping homeowners in areas affected by the Dixie Fire, Caldor Fire and other major 2021 wildfires.

The one-year moratorium, announced by Insurance Commissioner Ricardo Lara, affects ...Read more

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Chevrolet Bolt battery fixes to start by mid-October, GM says

Business / Business News /

General Motors will start making battery fixes to over 140,000 recalled Chevrolet Bolts EVs and EUVs beginning in mid-October.

The 2017-19 model year Bolt EVs will get five new battery modules, essentially getting an enhanced battery pack.

For the 2020-22 models, they will get all new modules too, unless GM can finish developing software that ...Read more

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'The status quo is unacceptable': Activist investor targets Build-A-Bear, Goedeker's

Business / Business News /

ST. LOUIS — David Kanen sent two letters to St. Louis companies on a recent Thursday, and neither was very friendly.

The Florida-based investor told appliance retailer Goedeker's that more than half its board needs to go.

The other letter hammered Build-A-Bear for lackluster revenues, declared its CEO overpaid, and suggested board members ...Read more

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The crazy Southern California housing market is cooling. But don't expect a bargain

Business / Business News /

Southern California home prices were essentially flat in August from the previous month, as the market cools slightly from its torrid pace earlier this year.

The six-county region's median sales price — the point at which half the homes sold for more and half for less — was $680,000 last month, according to data released Monday by real ...Read more

On Philanthropy: Setting new table for family philanthropy helps families thrive

Business / Business News /

Many of us grew up sitting at the family dinner table. Often, it was rectangular, with the family’s primary bread winner(s) sitting at his or her end of the table. Regardless of the shape, the rest of the family sat at designated seats, night after night, year after year. Sometimes, long after the kids had grown and left the household, when ...Read more

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Nothing stops Florida landlords from raising rents as high as they want

Business / Business News /

As rents skyrocket in Florida, landlords still enjoy unbridled power to raise rents as much as they want, a situation that has driven renters out of their homes and renewed calls for caps on rising rent.

Florida is quickly becoming the worst place in America to rent, but attempts to impose rent controls have always failed. Now, with a historic ...Read more

Stacey Wescott/TNS

With retailers facing supply chain issues and scrambling to hire, 'tis the season to start holiday shopping early. 'This isn't crying wolf this year'

Business / Business News /

Consumers are expected to be in the mood to spend this holiday season, but this isn’t the year to procrastinate.

With the COVID-19 pandemic snarling supply chains and threatening to leave stores and distribution centers short-staffed, consumers may need to shop early to avoid missing must-have items. Big discounts, too, could be tougher to ...Read more

Dreamstime/TNS

Liz Farmer: Local government impacts your home's value and your happiness

Business / Business News /

When you buy a home, you’re also investing in the community, so it’s important to know whether it's a well-run municipality or a city on the decline.

Local governments, in addition to being among the nation’s largest collective employers, are also among their region’s top revenue generators, according to National Bureau of Economic ...Read more

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A tangled supply chain means shipping delays. Do your holiday shopping now

Business / Business News /

Brian Bonilla was riding his handmade titanium bike recently when he glimpsed dozens of giant cargo ships anchored outside the Los Angeles and Long Beach, Calif., ports, waiting for a chance to dock and unload their goods. Typically, only a handful of ships might be forced to wait like that, or they wouldn't have to wait at all.

Bonilla works ...Read more

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Shop-Vac rebounds in Pa. under Chinese ownership after near-death experience

Business / Business News /

WILLIAMSPORT, Pa. — A year ago, the founding family of Shop-Vac Corp. left town and abruptly shut down the iconic vacuum company, leaving bankers to clean up the mess. Many workers feared that the company would be stripped and scrapped, and that production of yet another American brand would be sent overseas.

But something happened on the way...Read more

Tyger Williams/TNS

CVS to hire 25,000 pharmacy and retail workers to boost flu shots and COVID-19 vaccines and testing

Business / Business News /

CVS Health Corp. announced Monday it’s hiring 25,000 clinical and retail workers to respond to demand for COVID-19 vaccinations and testing and an expected spike in the flu this fall and winter.

Most of the available jobs are for full-time, part-time and temporary licensed pharmacists, trained pharmacy technicians and nurses at CVS Pharmacy ...Read more

Toyota/TNS

2022 Toyota Tundra debuts with hybrid engine, 12,000-pound towing capacity

Business / Business News /

Success in the full-size pickup market has been elusive for Toyota thus far, but the automaker brings its A-game to the fray with its 2022 Tundra, a brawny new truck that has the Ford F-150, Chevy Silverado and Ram 1500 in its sights.

The top Tundra model will be the first pickup to get Toyota's legendary hybrid technology to boost fuel economy...Read more

Paul Brady/Dreamstime/TNS

Fed seen announcing bond taper in November, survey finds

Business / Business News /

The Federal Reserve will probably hint at its meeting this week that it is moving toward scaling back monthly asset purchases and make a formal announcement in November, according to a Bloomberg survey of economists.

The survey of 51 economists also predicted the U.S. central bank would hold interest rates near zero through 2022 before ...Read more

China defends tech crackdown in meeting with Wall Street chiefs

Business / Business News /

HONG KONG — China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or the private sector.

China Securities Regulatory Commission Vice Chairman Fang Xinghai said recent actions were ...Read more

Justin Sullivan/Getty Images North America/TNS

Ex-Theranos manager tells of unrelenting pressure from Holmes

Business / Business News /

On her way out the door when she quit working at Theranos Inc., Surekha Gangakhedkar says she printed and took company documents “to protect myself” — because she suspected a pending launch of the company’s blood-testing machines in Walgreens stores would end badly.

“I was actually scared that things would not go well,” ...Read more

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Criminal indictment imminent for former Boeing 737 MAX chief technical pilot, report says

Business / Business News /

SEATTLE — Federal prosecutors plan to criminally indict Mark Forkner, the former Boeing 737 Chief Technical Pilot who is alleged to have deceived aviation regulators and airlines about a critical new flight control system on the 737 MAX, The Wall Street Journal reported Friday.

Bringing Forkner to trial could shed more light on why the flaws ...Read more

Genaro Molina/Los Angeles Times/TNS

California's job growth tripled the nation's, even as the Delta variant spread

Business / Business News /

California added jobs at three times the nation's rate last month as teachers returned to classrooms, entertainment venues reopened and summer vacationers traveled despite a spike in COVID-19 infections.

Payroll jobs in the state grew by 104,300 in August to a total of 16.63 million, accounting for 44% of U.S. job growth, officials reported. ...Read more

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PAC targets GM for giving to Republicans who voted to overturn 2020 election

Business / Business News /

WASHINGTON — A progressive political action committee is attacking General Motors Co. for donating to lawmakers who voted not to certify the 2020 election results earlier this year.

In a digital ad released earlier this week titled "Navigating to Treason," MoveOn parodies an ad for a GM vehicle.

"Our leadership doesn't start and stop at the ...Read more