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Kimberly P. Mitchell/Detroit Free Press/TNS

Seismic Trump, Biden rift has automakers taking sides

Business / Business News /

DETROIT — Just days after Donald Trump won the 2016 election, the trade group representing major automakers in Washington called for reconsideration of the Obama administration's fuel-efficiency standards in the face of low gas prices and large capital investments.

Now, the industry is at odds, with General Motors Co. and Fiat Chrysler ...Read more

Matt Stroshane/Walt Disney World News/TNS

18,000 Walt Disney World employees are losing their jobs as part of mass layoffs disclosed last month

Business / Business News /

ORLANDO — Last month, the Walt Disney Co. revealed it was laying off 28,000 employees across its U.S. theme parks division, but the company wouldn't break down exactly where the cuts were coming: Disneyland or Disney World?

New federally required government filings give more insight: Orlando's numbers are much higher than California, where ...Read more

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Walmart returns firearms, ammunition back to sales floor

Business / Business News /

Walmart Inc. is returning firearms and ammunition to its sales floor, reversing a decision from earlier this week.

"After civil unrest earlier this week resulted in damage to several of our stores, consistent with actions we took over the summer, we asked stores to move firearms and ammunition from the sales floor to a secure location in the ...Read more

Howard Lipin/San Diego Union-Tribune/TNS

CDC lifts order banning cruising but don't expect ships to begin sailing immediately

Business / Business News /

A more than seven-month-long ban on cruising in U.S. waters will end this weekend, paving the way for a return to sailing during the pandemic, but don't expect an immediate restart in San Diego or anywhere else, given new requirements imposed by the Centers for Disease Control and Prevention.

The CDC announced Friday it would be lifting its no-...Read more

Patricia Beck/Detroit Free Press/TNS

GM nabs big hire from airline industry as its next CFO

Business / Business News /

The man whom Delta Airlines credits for guiding it through crisis as the coronavirus pandemic swept the nation will become General Motors' new chief financial officer.

GM said Friday it has hired Paul Jacobson, 48, as executive vice president and CFO effective Dec. 1.

Until then, John Stapleton will continue in two roles: As GM's North America...Read more

Al Seib/Los Angeles Times/TNS

California has two-thirds of the priciest ZIP Codes for home buyers during pandemic

Business / Business News /

A study from real estate marketplace PropertyClub has confirmed what many Angelenos already know: Buying a home in California — during a pandemic or not — is expensive.

The study, which analyzed all residential sales during the pandemic between March 13 and Sept. 7, found that California holds 87 of the 130 priciest ZIP Codes in the country...Read more

MATIAS J. OCNER/Miami Herald/TNS

CDC lifts cruise ban, says companies can restart once they prove COVID-19 protocols work

Business / Business News /

MIAMI — The US Centers for Disease Control and Prevention set the stage for the return of U.S. cruising with the release Friday of a detailed series of requirements that could put ships back in operation in the coming months.

The decision from the CDC to let its no-sail order expire in exchange for a conditional sail order is a win for the ...Read more

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Union says it has seen increase in COVID-19 among UPS pilots

Business / Business News /

The pilots union at UPS said it has seen an increase in the number of positive COVID-19 cases among the package delivery company's pilots and called for more testing and contact tracing for crews.

The Independent Pilots Association, which represents the 3,000 pilots at UPS, said there have been more than 100 cases within the UPS pilot group, ...Read more

Curtis Compton/Atlanta Journal-Constitution/TNS

Delta pilots union reaches deal to avoid furloughs

Business / Business News /

ATLANTA — The pilots union at Delta Air Lines said it has reached an agreement in principle with the company to avoid furloughs for more than a year.

The deal would allow Delta to reduce pilots' guaranteed pay by 5%.

In exchange, the company would agree not to furlough pilots until Jan. 1, 2022. However, the 1,941 pilots that would have been...Read more

Irfan Khan/Los Angeles Times/TNS

Disneyland is more than a job for some workers. A wave of layoffs will hit Sunday

Business / Business News /

LOS ANGELES — Since she was furloughed from her job as a server and sommelier at a Disneyland Resort restaurant, Tina Thomas has struggled to cover her rent with her unemployment checks and is four months behind on her car payments.

On top of that, she is wrestling with dark feelings of loss of a workplace that to her felt more like a home. ...Read more

Leila Navidi/Minneapolis Star Tribune/TNS

Home bakers bought more butter, lifted profits at Land O'Lakes

Business / Business News /

Before even hitting peak holiday baking season, Land O'Lakes Inc. is having a banner butter year.

The Minnesota-based dairy and feed cooperative reported limited third-quarter results Friday that reflected the shift in demand resulted from the global pandemic.

While net sales for the quarter ending Sept. 30 were down slightly to $2.9 billion, ...Read more

Justin Sullivan/Getty Images North America/TNS

US personal income, spending increase by more than forecast

Business / Business News /

Americans' incomes increased in September by more than expected, boosted by employment gains and helping to propel consumer spending at the end of the third quarter.

Personal incomes rose 0.9% from the prior month following a 2.5% decline in August, a Commerce Department report showed Friday. That compared with estimates for a 0.4% gain. ...Read more

Kjell Redal/Seattle Times/TNS

Amazon again posts record sales and profit amid rising pandemic costs

Business / Business News /

SEATTLE — Amazon posted record sales and profit for the second consecutive quarter, as it continues to capitalize on a pandemic-driven surge in online shopping.

Heavy spending on hiring, expansion and the costs of operating amid COVID-19 may eat into profitability in the fourth quarter, however, as the company gears up for quarterly sales ...Read more

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Stock bulls embracing Biden find ways to live with tax threats

Business / Business News /

Joe Biden has put American companies on notice: he's coming for their tax breaks, a promise with the potential to dent profits just when they're showing signs of revival. Wall Street firms have convinced themselves the position is more campaign slogan than policy pledge.

The Democratic presidential candidate will walk back Donald Trump's ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Restaurant workers face smaller tips, mask resistance as California beach town struggles with COVID-19 slump

Business / Business News /

HUNTINGTON BEACH, Calif. — Aileen Delaportilla shook the tip jar after half a day's work at Zack's Beach Concessions in Huntington Beach, Calif. The clatter of loose change echoed from the nearly empty jar labeled "Tips For College."

There was nothing more than a spare dollar and some change to split between the 21-year-old and the cook.

...Read more

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Auto review: Mazda's CX-30: Crossover has puzzling name, but it's fun to drive

Business / Business News /

Mazda's lineup of hatchbacks and crossover SUVs keeps growing, with the latest entry a subcompact crossover curiously called the CX-30.

Yes, you may need a scorecard to keep track of this lineup. The newest is situated between the CX-3 and CX-5. So why not call it the CX-4, you ask? That model name was taken, being used for a model only sold in...Read more

Dia Dipasupil/Getty Images North America/TNS

More than 20 million Americans to relocate amid rise in telework

Business / Business News /

As many as 23 million Americans plan to relocate to a new city as working from home becomes more popular, according to a new survey from online freelance company Upwork Inc.

More than 11% of households surveyed said they plan to move, implying U.S. migration rates will be three to four times higher than normal, according to Upwork, which polled...Read more

Mark Phelan/Detroit Free Press/TNS

Auto review: 2021 Mercedes GLA250 is a good small SUV, but is that good enough?

Business / Business News /

There may be no vehicle more perfectly poised at the intersection of Mercedes-Benz's past and future than the 2021 GLA250 4Matic small SUV.

Small, advanced and pricey, the GLA250 embodies luxury brands' late 20th Century strategy of stretching down market into smaller, less expensive classes to boost sales amid this decade's shift to SUVs.

...Read more

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Auto review: The Hyundai Ioniq Hybrid is fine, as long as you're not in a hurry

Business / Business News /

Well, this is a tough spot.

The feds are imposing tough EPA mandates for automakers to maximize fuel economy at a time when gas prices are cheaper than they were in the 1960s when adjusted for inflation. Yet given the price at the pump, is it any wonder that consumers are ignoring fuel efficiency?

That's the case with the Hyundai Ioniq, a car ...Read more

Francine Orr/Los Angeles Times/TNS

Adaptation, determination, luck: How four small businesses are surviving the pandemic

Business / Business News /

LOS ANGELES — In this pandemic time, running a small business has been a make-it-up-as-they-go-along trial without an end.

The novel coronavirus forced strategic business pivots and the immediate invention of new ways to make money when much of the economy shut down in March.

Work was done in backyards, cramped lofts, even cars. Good ...Read more