Business
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Meta can't escape states' claims it hooked kids on platforms
Meta Platforms Inc. must face a lawsuit by dozens of state attorneys general alleging it knowingly contributed to a youth mental health crisis by getting kids hooked on social media.
A federal judge in California on Tuesday sided with 34 attorneys general in allowing some of the claims over Meta’s Facebook and Instagram platforms to proceed ...Read more
Delta is revamping its aircraft cabins with new seat colors, mood lighting
Delta Air Lines said it is revamping the interiors of aircraft cabins across its fleet with new colors and lighting.
It will include mood lighting for different phases of the flight and new seats with darker colors and memory foam cushions in Comfort+ and economy seats on wide-body jets.
The interior flourishes are an attempt by Delta to ease ...Read more
Boeing expects 'substantial' losses in its defense work. That could hurt St. Louis jobs
Boeing expects “substantial new losses” in the company’s defense business in the coming months as experts warn it should brace for cuts, including among its military aircraft production — and 16,700 jobs — in the St. Louis region.
The company announced Friday it will dramatically slash its total workforce by about 10%, or about 17,000...Read more
Walgreens, grappling with continued financial losses, lays out plan to shutter 1,200 drugstores
Walgreens Boots Alliance plans to close 1,200 of its stores over the next three years, as it grapples with continued financial losses, the company announced Tuesday.
About 500 of those stores will close in fiscal year 2025. The Deerfield, Illinois-based company now has more than 8,000 U.S. stores, meaning it plans to close about 14% of its ...Read more
SAG-AFTRA, video game companies resuming negotiations as actors' strike continues
Performers union SAG-AFTRA and the major gaming companies are returning to the bargaining table for the first time since video game actors went on strike in July.
The Screen Actors Guild-American Federation of Television and Radio Artists and the game developers released a joint statement on Tuesday announcing that the parties are set to resume...Read more
Perdue faces class action lawsuit over PFAS contamination in Maryland
Salisbury, Maryland, residents have filed a class action lawsuit against a Perdue Farms subsidiary over PFAS contamination found in groundwater on its site.
The federal lawsuit, filed Friday in the U.S. District Court of Maryland, alleges that Perdue AgriBusiness was reckless in its disposal of PFAS-containing wastewater, causing the ...Read more
Wedbush Securities joins downtown LA exodus, opting for smaller, more flexible office in Pasadena
One of downtown Los Angeles' familiar tenants is pulling up stakes as the office rental market continues to contract from shrinking occupancy stoked by the pandemic.
Financial services firm Wedbush Securities has begun its move from a prominent office tower to Pasadena, where it will occupy much smaller offices meant to accommodate employees...Read more
A search for sex-crime victims on cruise ships as Florida travelers line up to sue
Two young sisters and their mom boarded Royal Caribbean’s Symphony of the Seas in Fort Lauderdale on a February afternoon for an eight-day family vacation, eager for an escape to Aruba’s pristine beaches and Curacao’s crystal clear water.
At sea the next day, the younger sister, while using her cabin bathroom, noticed something strange ...Read more
Kroger-Albertsons merger needed to close pricing gap with Walmart, executives testify
Two top Kroger Co. executives took the stand Monday in the Denver District Court antitrust trial seeking to block the grocer’s $24.6 billion merger with Albertsons Cos., arguing the combination is key to competing with Walmart and will not harm Colorado consumers.
“We are maniacally focused on Walmart and their pricing. For 20 years we have...Read more
Did bogus business filings artificially boost Colorado's economic data? And what should the state do?
Colorado residents have formed a record number of new businesses this decade, especially after the state reduced the filing fee for new limited liability companies or LLCs to $1 in the summer of 2022.
The fee holiday, however, also triggered a surge in fraud, as evidenced by a lawsuit against one individual who registered more than 15,000 new ...Read more
US weighs capping exports of AI chips from Nvidia and AMD to some countries
Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said.
The approach would set a ceiling on export licenses for certain countries in the interest of national security, according to the people, who described ...Read more
EVs have a 'Republican problem' with divide deepening ahead of election
Tucked between the onslaught of Donald Trump and Kamala Harris ads flooding Michigan’s airwaves ahead of the U.S. election is a six-figure TV blitz that, on the surface, has nothing to do with politics. Rather, the 30-second spots are aimed at convincing swing-state voters of the merits of buying electric vehicles.
“Forget the political ...Read more
UnitedHealth Group stock falls more than 8% following Q3 earnings report, 2025 forecast
UnitedHealth Group stock fell more than 8% in early trading Tuesday as the Minnesota-based health care giant reported higher medical spending during the three-month period ending Sept. 30 and updated its earnings forecast for 2025.
Across the industry, rising medical costs have been cited as a factor in premium increases, including jumps for ...Read more
Proposition 32 would raise California's minimum wage to $18 -- but would it cost jobs or lead to higher prices?
A closely fought ballot initiative on the Nov. 5 ballot, bankrolled by a deep-pocketed anti-poverty crusader, would raise California’s state-wide minimum wage to $18 an hour.
An extra $2 an hour is alluring to those struggling to survive in a state known for its high prices, but business owners are worried about what that means for their own ...Read more
How Atlanta's top business leaders are using AI in the workplace
It’s hard to put the genie back in the bottle.
New research indicates generative artificial intelligence technologies have been adopted at a faster pace than the internet or personal computers, from chatbots like ChatGPT to image generators like Midjourney.
Generative AI tools, which analyze large subsets of data, recognize patterns and ...Read more
Boeing layoff plan suggests deep white-collar job cuts
SEATTLE — The major Boeing layoffs announced last week will all be involuntary, meaning the company won’t offer severance packages to encourage employees to exit.
And according to the “Reduction In Force” plan presented to Boeing Commercial Airplanes managers Monday, members of the Machinists union will, for now, not be among the 10% of...Read more
Stellantis CEO to dealers on bumpy EV sales: 'Deal with it'
Stellantis NV CEO Carlos Tavares' message to dealers and suppliers struggling over profitability on a bumpy road to increasing adoption of electric vehicles is: "Deal with it."
Tavares' remarks on Monday during a media roundtable at the Paris Motor Show came mostly in the context of the European market, where Stellantis will have 40 all-...Read more
Chicago made a bit of money on NASCAR race in 2024
NASCAR’s second year in Chicago came with slightly sunnier skies, slightly fewer critics and an ad hoc deal that helped the city’s bottom line improve slightly, ending the big downtown race weekend a few hundred thousand dollars in the black.
That was an improvement over 2023, when critics not only ripped the inconvenience of closed roads ...Read more
What could film studios in Southern Nevada do for the economy?
An economic study commissioned to gauge the impact of building a film and TV studio suggests one studio project could create 16,000 jobs and contribute about $1.2 billion to Nevada’s state economic output.
Warner Bros. Discovery said their proposal to build a 34-acre campus – called Warner Bros. Studios Nevada – in partnership with ...Read more
A new Denver data center could use as much water as 16,000 people every day. Should the city give it a tax break?
A proposed tax break for a new data center in north Denver is facing questions from city leaders concerned about the project’s water and energy needs in a city trying to reduce carbon emissions and conserve water amid a 20-year drought.
Denver-based CoreSite plans to build a new data center in the Elyria-Swansea neighborhood to provide ...Read more
Popular Stories
- Ex-Loretto Hospital CEO charged in embezzlement scheme
- Kroger-Albertsons merger needed to close pricing gap with Walmart, executives testify
- Did bogus business filings artificially boost Colorado's economic data? And what should the state do?
- EVs have a 'Republican problem' with divide deepening ahead of election
- How Atlanta's top business leaders are using AI in the workplace