Roku to lay off another 200 workers in latest round of cuts

Business / Business News /

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

Spencer Platt/Getty Images North America/TNS

ABC News senior managers out amid Disney layoffs

Business / Business News /

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

Nicolas Asfouri/Getty Images North America/TNS

Tesla pursues building a new US Plant with China's dominant battery maker

Business / Business News /

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

Joe Burbank/Orlando Sentinel/TNS

Grocery wars: Publix will face off with Kroger in Kentucky, but will it stop there?

Business / Business News /

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

Photo by various sources/AFP/Getty Images North America/TNS

Musk's Twitter antics keep some advertisers away, curbing sales

Business / Business News /

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.

...Read more

Daniel A. Varela/Miami Herald/TNS

Michael Hiltzik: How Disney's lawyers brutally mauled DeSantis over control of Disney World

Business / Business News /

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

Stephen M. Dowell/Orlando Sentinel/TNS

'We are changing the future:' Disney World workers approve contract for $18 minimum wage

Business / Business News /

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?

Business / Business News /

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

Business / Business News /

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

Dai Sugano/Bay Area News Group/TNS

As the Bay Area urbanizes around it, Livermore is one of the last ag cities standing

Business / Business News /

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

Walt Disney Imagineering/Walt Disney Imagineering/TNS

Disney's planned community in California takes shape with nod to 'The Incredibles'

Business / Business News /

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

Allen J. Schaben/Los Angeles Times/TNS

Affluent Orange County town battles a new breed of luxury party houses: fractional ownership

Business / Business News /

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?

Business / Business News /

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

Justin Sullivan/Getty Images North America/TNS

Google 'not truthful,' tried to 'subvert' court process by deleting evidence in monopoly case, judge rules

Business / Business News /

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

Anthony Souffle/Minneapolis Star Tribune/TNS

Cargill to stop handling Russian grains for export as war in Ukraine continues

Business / Business News /

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.

"...Read more

Arvin Temkar/The Atlanta Journal-Constitution/TNS

How a Georgia plant is helping solve a huge EV supply chain kink

Business / Business News /

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

Brendan Smialowski/AFP/Getty Images North America/TNS

Marvel Entertainment's Ike Perlmutter booted amid Disney layoffs

Business / Business News /

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

K.M. Cannon/Las Vegas Review-Journal/TNS

Stubborn inflation, tight labor market quite challenging, Miami Fed exec says

Business / Business News /

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

Steve Ringman/Seattle Times/TNS

Seattle City Council approves paid sick leave for gig workers

Business / Business News /

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

Travis Long/The News & Observer/TNS

Tech sector H-1B employees' spouses can work in US, judge says

Business / Business News /

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