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Armando L. Sanchez/Chicago Tribune/TNS

For loyal Portillo's customers, IPO puts a new item on the menu: shares in a favorite company

Business / Business News /

Portillo’s is expected to go public Thursday and raise $405.4 million with its initial public offering.

The Oak Brook, Illinois-based fast casual chain offered nearly 20.3 million shares of its stock at $20 per share — a little less than the cost of three Italian beef sandwiches, Portillo’s said in a news release Wednesday evening.

...Read more

JANE TYSKA/San Jose Mercury News/TNS

Homebuyer 'love letters' may stir bias. (But they often work)

Business / Business News /

Several years ago, Kristine Chadwick and her family were trying to buy a house in Eugene, Oregon. The market was competitive, so her agent suggested she write a letter to the seller, describing her husband, three kids, two dogs and one cat, and why she wanted to raise her family in the house. Hers was not the highest bid, but she got the house ...Read more

Alan Berner/The Seattle Times/TNS

For vendors of Seattle's Pike Place Market, COVID was yet another test of survival

Business / Business News /

SEATTLE — Like many vendors at Pike Place Market, Scott Chang isn't sure when business will resume its pre-COVID normal.

True, this summer brought welcome crowds of tourists and locals to the open-air Seattle landmark. Sales at See Lee Gardens, the flower business owned by Chang's family, are nearly back where they were before the pandemic ...Read more

Antonio Perez/Chicago Tribune/TNS

Insurance focused on virtual visits? The pros and cons of a new twist in health plans

Business / Business News /

At the height of the COVID-19 pandemic, people often relied on telemedicine for doctor visits. Now, insurers are betting that some patients liked it enough to embrace new types of health coverage that encourages video visits — or outright insists on them.

Priority Health in Michigan, for example, offers coverage requiring online visits first ...Read more

Russ Mitchell/TNS/TNS

Tesla still not giving many details about HQ move to Austin

Business / Business News /

Tesla held its third-quarter earnings call with shareholders on Wednesday — but anyone hoping the automaker would provide more details about moving its headquarters to Austin was likely disappointed.

Tesla CEO Elon Musk announced on Oct. 7 that Tesla will relocate its corporate headquarters to Austin, but gave few hints as to what that would...Read more

Dan Kitwood/Getty Images Europe/TNS

Bitcoin surges to all-time high in crypto's 'validating moment'

Business / Business News /

Bitcoin rallied to a record, topping $66,000 for the first time as optimism surged for greater mainstream acceptance in the wake of the successful launch of the inaugural exchange-traded fund for U.S. investors.

While the historically volatile digital currency spent recent days hovering in a narrow range as it approached its previous April ...Read more

Philicia Endelman/Navitas/Navitas/TNS

California semiconductor maker goes public in billion-dollar deal amid chip shortage

Business / Business News /

An California semiconductor company took its stock public Wednesday — straight into the maw of a global chip shortage that could pose either a threat or an opportunity.

The company is Navitas, based in El Segundo. Its stock offering created a company with an enterprise value of about $1 billion and brought in $320 million in cash. Navitas ...Read more

Al Drago-Pool/Getty Images North America/TNS

Michael Hiltzik: The IRS wanted a new tool to go after tax cheats. Republicans and bankers blocked it

Business / Business News /

Here's a handy rule for anyone struggling to decode policy debates in Washington: If the GOP is throwing a fit about something, you can be sure their complaints are bogus.

Latest case in point: a provision in the Build Back Better bill, the Biden administration's omnibus spending package, that would give the Internal Revenue Service more of ...Read more

Consumer Confidential: Facebook, fooling no one, may be going for a new name

Business / Business News /

There are two things wrong with Facebook's reported plan to change its name to better reflect its role in the high-tech "metaverse."

First, the metaverse? Seriously?

Second, who do they think they're fooling?

It's still Facebook, for goodness sake, that monstrous, monopolistic company that wants to undermine your privacy at every turn, spread...Read more

Vladimir Fomin/Dreamstime/TNS

Foul, moldy smells from AC vents threaten health of Toyota owners, lawsuits claim

Business / Business News /

Foul odors reminiscent of urine or sweaty socks are exposing people in older Toyota vehicles to health and safety risks, a new federal lawsuit claims.

The odors result from a design defect that allows condensation to accumulate in hidden parts of the Toyota vehicles’ air conditioning systems and cultivate microbes, bacteria, mold and fungus, ...Read more

Jose M. Osorio/Chicago Tribune/TNS

Susan Tompor: How to find gifts -- and joy -- if a toy shortage hits during the holidays

Business / Business News /

The holiday shopping frenzy has always been driven by FOMO. But this year, the fear of missing out is colliding smack dab into the fear of running out.

The ongoing message we're hearing a month before Thanksgiving is buy now before it's too late. A QVC host in mid-October proclaimed that products will be sparse across the board for all ...Read more

Dreamstime/Minneapolis Star Tribune/TNS

Tech Q&A: Making it harder for spammers to learn more about you

Business / Business News /

Spam keeps changing and several readers wonder what to do about it. Sharon Gresham of Sarasota, Florida, says she's begun receive e-mails in a foreign language, and trying to block them hasn't worked. Ann Donovan of Colorado Springs, Colorado, says she's getting a steady stream of what appear to be scam e-mails from someone named Elene, who she ...Read more

Unionization could help home health care workers, experts say

Business / Business News /

For Susie Young, the days before she was a unionized caregiver weren't ones to cheer about.

"Before the union came in, we had nothing," she said. "No training. Forget about a paid holiday or vacation. ... There's many workers in this country today that's where they are."

Young, 73, lives and works in Spokane, Washington, where she has been a ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Can TSA vaccinate enough screeners before the Thanksgiving travel rush?

Business / Business News /

A potential shortage of airport screeners triggered by a federal COVID-19 vaccine mandate could mean extra-long queues at airport security checkpoints during the upcoming Thanksgiving holiday travel week.

Only about 60% of Transportation Security Administration employees are at least partially vaccinated with about a month to go before the Nov....Read more

Ryan Garza/Detroit Free Press/TNS

How a simple box design is saving the auto industry millions of dollars: 'It's amazing'

Business / Business News /

This is a story about a box.

That's it, just a box.

"It's not rocket science," said Rudy Youell. "It's almost so stupid it's ridiculous. But it's saving so much money it's amazing."

His simple box design is saving the auto industry tens of millions of dollars behind the scenes in production, shipping and labor costs just as companies are ...Read more

Seemingly an odd couple, Tesla and Texas becoming tightly entwined

Business / Business News /

It seems like an unlikely marriage: Tesla, the world's biggest electric automaker, moving its headquarters to Texas — where the oil and gas industry is etched in the state’s DNA and where, unless something changes, Tesla isn’t even allowed to sell its vehicles directly to customers.

On the other hand, Elon Musk — the high-profile leader...Read more

Jean-Baptiste Lacroix/AFP/Getty Images North America/TNS

Celebrity crypto endorsers like Kim Kardashian spark concern for unwary investors

Business / Business News /

Celebrities, including reality TV star Kim Kardashian West and Tesla Inc. CEO Elon Musk, are touting cryptocurrency products, leading to worries that such endorsements could harm vulnerable investors.

Kardashian West posted an Instagram story of a paid advertisement in June for EthereumMax, a lesser-known digital token, according to the U.K.’...Read more

Joseph N. DiStefano/The Philadelphia Inquirer/TNS

Inside Amazon's largest warehouse -- where you'll find 10 robots for every human

Business / Business News /

STANTON, Delaware — Amazon's biggest, newest warehouse, with more robots than ever, brings America closer to an automated future when machines do all the work of moving everything from groceries to laptops, from makers to users. And do it faster.

While Amazon has been building increasingly automated warehouses since opening its first ...Read more

Dreamstime/Dreamstime/TNS

Motormouth: OK to mix and match?

Business / Business News /

Q: A blinking check engine light came on setting a number four cylinder misfire code. I suspected a bad ignition coil, which I replaced. I cleared codes and the car runs great. I was able to find an auto parts store open late and fortunately the coil was in front of the engine not in back. A back coil will probably fail in dead of winter and 20-...Read more

Jessica J. Trevino/Detroit Free Press/TNS

Ballots begin going out for historic UAW referendum on direct elections

Business / Business News /

Ballots were mailed out beginning Tuesday for the historic United Auto Workers referendum to determine how members elect leaders in the wake of a corruption scandal that has damaged the union's reputation and led to calls for accountability.

Voting will be open to the roughly 1 million active and retired members that comprise the UAW. The ...Read more