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Ohio incentives for Intel chip plant will top $2B, including $600M 'onshoring grant'

Business / Business News /

Ohio's biggest economic development project in history means the state is ponying up its biggest incentive package.

The state laid out more than $2 billion in incentives that it will provide to Intel, which announced a week ago that it will invest $20 billion in building two factories, called fabs, in Licking County to make semiconductors.

On ...Read more

JASON REDMOND/Getty Images North America/TNS

Workers at four Michigan Starbucks stores join unionization movement

Business / Business News /

Employees at four Starbucks locations in Michigan are joining the movement to unionize workers at the country's biggest coffee chain.

Starbucks Workers United, the union behind the movement, announced Friday that workers at two stores in Ann Arbor and one each in Clinton Township and Grand Blanc are filing petitions with the National Labor ...Read more

Dreamstime/Dreamstime/TNS

Zillow ordered to pay $1.9 million in copyright case

Business / Business News /

A federal judge this week ordered Seattle-based Zillow to pay nearly $2 million as the result of a copyright infringement case from an Illinois-based photography company.

The case stems from Zillow's 2014 use of images on a home improvement section of its website, known at the time as Zillow Digs. The site allowed homeowners to price home ...Read more

Star Tribune/Star Tribune/TNS

3M ordered to pay $110 million in latest earplug suit

Business / Business News /

A Florida jury handed down a $110 million verdict against 3M in the latest trial over the company's allegedly defective earplugs — a sum twice the size as all other related earplug verdicts combined.

The case was the latest in a series of bellwether trials that are meant to shape potential settlements for large-scale litigation on the issue. ...Read more

Justin Sullivan/Getty Images North America/TNS

Michael Hiltzik: How California's rooftop solar program became a victim of its own spectacular success

Business / Business News /

There's one aspect of California's program to spur the installation of rooftop solar panels that everyone can agree on: It has been spectacularly successful.

Launched in 1995 and pushed forward a decade later, when then-Gov. Arnold Schwarzenegger set a target of 1 million solar installations, the program has handily exceeded that goal.

Today ...Read more

Win McNamee/Getty Images North America/TNS

The Week Ahead: Inflation is the right fight, but don't ignore employment

Business / Business News /

The Federal Reserve’s focus has shifted away from the job market. Investor attention should remain, however, when the January jobs report is released on Friday in the week ahead.

The central bank made official last week what the investment markets already knew and have been nervous about. It is squaring up for a fight against persistent ...Read more

Ford/TNS/TNS

Auto review: 2022 Ford Bronco Raptor, with 400 hp and $68,500 price tag, is a rock crawling rocket

Business / Business News /

Bigger, brawnier and faster off-road than any Ford SUV that came before, Ford's 2022 Bronco Raptor will hit the road this summer with more power, luxury and a seriously upgraded suspension and chassis.

Prices will start at $68,500, plus $1,495 destination charge.

That's more than double the base price of a 2022 four-door Bronco, which is $33,...Read more

Mel Melcon/Los Angeles Times/TNS

Consumer Confidential: In this, my final column, one last consumer problem to be solved

Business / Business News /

John and Dorothy Laguna opened a Wells Fargo checking account in 2014.

Wells Fargo opened three more accounts in the Lagunas' name not long after — several of the millions of bogus accounts the bank opened without people's permission to meet sales quotas.

The Dana Point, California couple subsequently joined a massive class-action lawsuit ...Read more

Yichuan Cao/Sipa USA/TNS

Waymo sues state DMV to keep robotaxi safety details secret

Business / Business News /

Waymo, the driverless car company operating an autonomous taxi fleet in San Francisco, is suing the California Department of Motor Vehicles. The immediate issue: whether the company, owned by Google parent Alphabet Inc., can hide from the public safety-related information by designating it as a trade secret.

The topics Waymo wants to keep ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Celebrity chef Rick Bayless says omicron will devastate restaurant industry without federal relief: 'Nobody knows what to do at this point.'

Business / Business News /

For 35 years, celebrity chef and restaurateur Rick Bayless has packed his Frontera Grill on New Year’s Eve, an annual tradition for scores of longtime customers at the acclaimed Mexican restaurant in Chicago’s River North neighborhood.

But as 2022 dawned, dashed hopes and empty tables were on the menu at Frontera and restaurants across the ...Read more

Ford/TNS/TNS

Why commercial customers are poised to lead EV transformation

Business / Business News /

SEBASTOPOL, Calif. — Steve Dutton can't get his hands on an electric pickup fast enough.

The fifth-generation northern California farmer and his family grow wine grapes and apples on a 1,400-acre ranch in this Sonoma County farming community. As part of a just-announced pilot program, Ford Motor Co. will equip Dutton Ranch and two other farms...Read more

Justin Sullivan/Getty Images North America/TNS

US consumer spending drops with inflation hitting 40-year high

Business / Business News /

U.S. inflation-adjusted consumer spending fell last month by the most since February, suggesting that Americans tempered their outlays amid the latest Covid-19 wave and the fastest inflation in nearly 40 years.

Purchases of goods and services, adjusted for changes in prices, decreased 1% from November, the Commerce Department said Friday.

The ...Read more

Auto review: Chevy Trailblazer Activ compact SUV offers pickup versatility

Business / Business News /

Inside the Chevy Trailblazer Activ is a GMC Sierra AT4 wanting to get out.

Over Christmas, I had the $65,000 AT4 beauty in my driveway (Chevy sells a similar Silverado Trail Boss): all-terrain tires, 6 1/2-foot bed, Multi-Pro tailgate. I hauled my Christmas tree home in it, tore around Metro Detroit's ox-cart roads without a care in the world. ...Read more

Lexus/Lexus/TNS

Auto review: The 2022 Lexus LX 600 is the best Toyota Land Cruiser yet

Business / Business News /

Want a new 2022 Toyota Land Cruiser SUV? Well, you can’t have one. Toyota decided to not bring the new one stateside because its annual sales numbers didn’t justify the cost of federalizing it. So, you’ll have to settle for a 2022 Lexus LX 600, which is a Land Cruiser with elitist airs. It employs the same TNGA-F platform also used the ...Read more

Jay L. Clendenin/Los Angeles Times/TNS

Queen Mary, once at risk of capsizing, gets a new lease on life starting February

Business / Business News /

A $5-million repair project will begin next month to reopen the Queen Mary to the public, marking the latest step to keep the beleaguered Long Beach tourist attraction afloat.

The former ocean liner turned floating hotel closed in May 2020 due to the pandemic. It has been the subject of several studies to gauge the work needed to keep the ...Read more

Riley Beggin/The Detroit News/TNS

Elon Musk slams Biden on Twitter over GM, Ford meeting

Business / Business News /

WASHINGTON — Tesla Inc. CEO Elon Musk ripped into President Joe Biden on Twitter Thursday over his meeting with General Motors Co. CEO Mary Barra and Ford Motor Co. CEO Jim Farley.

The two attended a roundtable with other CEOs Wednesday at the White House to speak about their support for Biden's Build Back Better bill, which has stalled in ...Read more

Mandi Wright/Detroit Free Press/TNS

Stellantis says it'll increase share of China JV to boost Jeep, but partner says it didn't agree

Business / Business News /

The maker of Jeep said on Thursday it will take majority ownership in its joint venture with one of its Chinese automaker partners in an effort to boost the SUV brand in a market particularly hungry for them.

But Guangzhou Automobile Group Co. Ltd. said it didn't know about the plans.

Stellantis NV says it will increase its share to 75% from ...Read more

Dreamstime/Dreamstime/TNS

Comcast plans to double its content spending on Peacock in hopes of luring more paid subscribers

Business / Business News /

Comcast signed up far fewer internet customers during the fourth quarter last year than in 2020, but continued to see theme parks and film studios rebound after they were pummeled by the pandemic.

Comcast plans to spend billions of dollars more on content for its Peacock streaming service, aiming to lure paying subscribers to its mostly ad-...Read more

Jonathan Weiss/JetCity Image/Dreamstime/TNS

Michigan AG to investigate Eli Lilly insulin prices, but state courts could prove an obstacle

Business / Business News /

Michigan Attorney General Dana Nessel plans to investigate Eli Lilly's insulin pricing but will have to first overturn Michigan court precedent in order to push forward with the probe.

The investigation into sky-high insulin prices is being blocked by Michigan Supreme Court opinions that prohibit the Attorney General's Office from investigating...Read more

Rod Lamkey/CNP/Zuma Press/TNS

Susan Tompor: Outraged by credit card, mortgage, bank fees? Here's who wants to hear from you

Business / Business News /

Shopping around for a deal on a credit card seems like one of those things that's pretty straight forward. Low, eye-catching rates are plastered all over websites for those doing research online and paper envelopes with special credit card offers pop up in the mail.

But are credit card issuers, really, all that competitive?

The Consumer ...Read more