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Jose M. Osorio / Chicago Tribune / Chicago Tribune/Chicago Tribune/TNS

United Airlines CEO wants to make COVID-19 vaccine mandatory for employees — if other companies go along

Business / Business News /

United Airlines wants to make the COVID-19 vaccine mandatory for its workforce, as long as it’s not the only company to do so, CEO Scott Kirby told employees at a virtual meeting Thursday.

“I think the right thing to do is for United Airlines, and for other companies, to require the vaccines and to make them mandatory,” he said, according...Read more

Dreamstime/Dreamstime/TNS

Allstate cuts auto insurance rates by 5% in Illinois as driving remains depressed almost a year into the pandemic

Business / Business News /

Allstate is reducing auto insurance rates for Illinois policyholders by an average of 5%, according to filings with the state Department of Insurance.

Though driving levels have picked up from last spring, when a statewide stay-at-home order left streets and highways empty, miles driven are still about 10-15% below pre-pandemic levels, Allstate...Read more

Dreamstime/Atlanta Journal-Constitution/TNS

Passenger traffic at busiest US airport declined more than 60% in 2020

Business / Business News /

Hartsfield-Jackson International Airport in Atlanta, long known as the airport that handles the most travelers in the world, saw its passenger count decline more than 60% in 2020 due to the coronavirus pandemic.

The Atlanta airport handled 42.9 million passengers in 2020 compared to 110.5 million passengers in 2019, according to the airport's ...Read more

Gene Blevins/ZUMA Wire/TNS

SpaceX plans to drill for natural gas next to Texas launchpad

Business / Business News /

Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state.

The billionaire’s SpaceX intends to drill wells close to the company’s Boca Chica launchpad, it was revealed during a Friday hearing before the Railroad Commission...Read more

Mariah Tauger/Los Angeles Times/TNS

As COVID-19 soars, so does unemployment in California

Business / Business News /

California's jobless rate surged in December as the coronavirus pandemic spun out of control and statewide restrictions forced more businesses to shut down, throwing tens of thousands of workers onto unemployment rolls.

Nine percent of Californians counted themselves out of work in December, up from 8.1% in November, state officials reported. ...Read more

Mariah Tauger/TNS/TNS

Lucid Motors set to go public thanks to Saudi money and blank-check-shell-company mania

Business / Business News /

Lucid Motors was near death and desperate for cash in 2018 when it was handed a lifeline. The savior was Saudi Arabia.

The desert kingdom's sovereign wealth fund invested $1.3 billion in the electric car start-up. Lucid regained full health.

Now, in 2021, the Saudi fund and Lucid's founders are poised to cash in by taking advantage of the ...Read more

Trump-branded New York building looks to remove president's name

Business / Business News /

Donald Trump’s name is emblazoned on buildings across Manhattan, usually spelled out in large gold lettering. Residents at one of those buildings would like to change that.

A group of owners at Trump Palace has met to discuss removing the former president’s name from the hulking condominium tower on the Upper East Side, according to one ...Read more

Drew Angerer/Getty Images/TNS

Carla Fried: Why you should be talking to your 13-year-old about cars and insurance

Business / Business News /

A driver’s license doesn’t come until age 16, but families would be wise to begin talking about driving, cars and insuring cars a full three years ahead of that day.

Handled well, this topic can also help a family tackle other big financial, progression-of-life topics like choosing a college.

Here’s your roadmap.

—Insurance

Chances ...Read more

Jay L. Clendenin/Los Angeles Times/TNS

Consumer Confidential: Pandemic, not privacy, tops list of 2021 consumer trends. Let's change that

Business / Business News /

What can consumers expect for the next 12 months? A prominent market research firm came out this week with a report titled “Top 10 Global Consumer Trends 2021.”

To get my hands on it, however, I had to submit my name, email address and job details.

And just like that, my question was answered: More of the same.

OK, I exaggerate. There are...Read more

Henry Payne/The Detroit News/TNS

Hyundai Sonata and Elantra N Line are fast, furious 'n' 'ffordable

Business / Business News /

Good news, enthusiasts. The Performance Club has taken new members. Everyone raise their glass to the Hyundai N Line.

Performance car trims are some of the most enjoyable fillies in the automotive stable. Born as regular autos, they are bred with steroids and big engines to believe they can do battle with sports cars. Thank the original 1984 ...Read more

Alex Wong/Sipa USA/TNS

Parler's new partner has ties to the Russian government

Business / Business News /

Parler LLC, the social media app popular with Trump supporters and conspiracy theorists, is attempting to get back online with the help of a Russian company whose clients include an internet service provider to Russian intelligence, raising concerns about the conservative social forum’s security if it ever formally returns.

U.S-based Parler ...Read more

Lexus/TNS

Auto review: Even taking the low-price road, the 2021 Lexus IS 300 reaches the highs

Business / Business News /

2021 Lexus IS 300 AWD: Can a small, low-optioned Lexus sedan be any fun?

Price: $47,100 as tested. Comfort package, $1,950. More below.

Conventional wisdom: Edmunds.com likes the "smooth and comfortable ride on bumpy roads, cabin is well-isolated from noise, offers more features for the money than German rivals," but not the "subpar fuel ...Read more

Will Stone/Ford/TNS

Air bag recall to cost $610 million, Ford Motor Co. says

Business / Business News /

A federal recall of Takata air bags will cost Ford Motor Co. $610 million, the company reported in a federal filing Thursday.

The National Highway Traffic Safety Administration on Tuesday rejected a request from Ford and Mazda Motor Corp. to allow them not to recall around 3 million vehicles that had the potentially deadly air bag inflators ...Read more

Michael N. Todaro/Zuma Press/TNS

Lawyers advise Ethiopian Airlines against 'financially disastrous' settlement offer by Boeing over 737 Max crash

Business / Business News /

American attorneys for Ethiopian Airlines, which lost 157 passengers and crew in the second fatal crash of a Boeing 737 Max in early 2019, have advised the carrier not to accept a settlement Boeing has offered but instead to sue the manufacturer for punitive damages in the U.S.

In an urgently worded letter sent Sunday, the Chicago-based ...Read more

Al Diaz/Miami Herald/TNS

The Week Ahead: A predicament of patience

Business / Business News /

Economic data say the Federal Reserve has reason to continue to be patient when it considers its economic support in the week ahead.

That patience may be tested in unexpected ways, though.

Meeting one of the central bank’s two goals — maximum employment — remains distant. Total unemployment in December was almost 12 percent. This ...Read more

Nissan/TNS/TNS

Auto review: Nissan Rogue

Business / Business News /

In a culture where nonconformity is the only conformity, and vulgarity and coarseness are trendy, trendiness sells. So it’s no surprise that Nissan’s most popular product is the Nissan Rogue, at least if you consider its name. Yet there's nothing rogue about it. Its popularity stems from the market segment in which it competes: compact ...Read more

Will Stone/TNS

Samsung considers $10 Billion Texas chipmaking plant, sources say

Business / Business News /

Samsung Electronics Co. is considering spending more than $10 billion building its most advanced logic chipmaking plant in the U.S., a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.

The world’s largest memory chip and smartphone maker is in discussions ...Read more

Genaro Molina/Los Angeles Times/TNS

The Standard Hotel in West Hollywood is shutting down

Business / Business News /

The Standard hotel on the Sunset Strip in West Hollywood is scheduled to close Friday, 22 years after opening with the financial support of such stars as Leonardo DiCaprio, Cameron Diaz and Benicio del Toro.

The location was the first that hotelier Andre Balazs opened in the Standard chain of boutique hotels. The brand, with its irreverent ...Read more

Boston Scientific to pay $1B for portable heart monitor maker in Eagan

Business / Business News /

Boston Scientific has agreed to buy Eagan cardiac monitor maker Preventice Solutions Inc., in which it already had a 22% stake, for nearly $1 billion, the company said Thursday.

The deal, expected to close this summer, includes a net cash payment of $720 million plus possible "commercial milestone payments" of up to $230 million.

Preventice is...Read more

Joe Burbank/Chicago Tribune/TNS

Yurts, igloos and pop-up domes: how safe is 'outside' restaurant dining this winter?

Business / Business News /

With the arrival of winter and the U.S. coronavirus outbreak in full swing, the restaurant industry — looking at losses of $235 billion in 2020 — is clinging to techniques for sustaining outdoor dining even through the cold and vagaries of a U.S. winter.

Yurts, greenhouses, igloos, tents and all kinds of partly open outdoor structures have ...Read more