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Christina House/Los Angeles Times/TNS

Quibi may be for sale. But what is it worth, and who would buy it?

Business / Business News /

Quibi can't catch a break, even after becoming a two-time Emmy-winner.

Less than six months after Jeffrey Katzenberg and Meg Whitman launched their short-form video streaming startup, the company's drama "#FreeRayshawn" nabbed acting trophies for stars Laurence Fishburne and Jasmine Cephas Jones.

The accolades from the television academy ...Read more

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Motormouth: Power window problem

Business / Business News /

Q: I have a 2002 Buick Century Limited in excellent condition. I literally bought it two years ago from a little old lady who had only driven it 11,000 miles. It, however, has a vexing problem. The power windows only work occasionally. The rear ones will not go down, the passenger side window usually does, and the driver's window only seems to ...Read more

Jose M. Osorio/Chicago Tribune/TNS

Whether a restaurant survives the pandemic could depend on an uneasy dance with the landlord

Business / Business News /

CHICAGO - Restaurants, their receipts less than a third of what they customarily would take in, are unable to pay rent. Landlords, with mortgages and property-tax bills due, can't survive without income.

Since the coronavirus pandemic hit, resulting in the forced closure six months ago of restaurants and bars across the country, restaurateurs ...Read more

Maja Hitij/Getty Images Europe/TNS

Air Force, SpaceX mum about sky-high rocket costs

Business / Business News /

Five years ago, Elon Musk, the multibillionaire CEO of the SpaceX rocket company, smashed his way into the business of launching U.S. military and intelligence satellites, a lucrative market that had been cornered for nearly a decade by United Launch Alliance.

Musk, one of the world's richest men, publicly promised in 2014 to launch Air Force ...Read more

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Volkswagen seeks to leave Dieselgate behind with all-electric compact SUV, the ID.4

Business / Business News /

Volkswagen unveiled its new battery-electric ID.4 compact SUV on Wednesday, the linchpin in its effort to move past the Dieselgate emissions cheating scandal and into a zero-emissions future.

Significantly, the car will not be marketed as any kind of Tesla-killer.

"We don't go all out to compete head to head with the other EVs out there," said...Read more

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Wells Fargo CEO apologizes for saying there was a 'very limited pool of Black talent'

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Wells Fargo CEO Charlie Scharf apologized Wednesday for a remark he made in June about the talent pool of senior Black banking executives that set off a wave of criticism when the quote resurfaced Tuesday.

On June 16, as the country was engulfed in protests over the police killing of George Floyd in Minneapolis, Scharf sent a memo to the bank's...Read more

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Column: State and local budgets face a pandemic-related meltdown. Why won't Republicans help?

Business / Business News /

While every thinking person is rightly worried about the prospect of a third U.S. wave of COVID-19 cases and deaths, one should take a moment to contemplate a pandemic-related disaster in which the first wave is just beginning.

That's the meltdown of state and local government budgets produced by the higher costs of dealing with the crisis ...Read more

Robert Gauthier/Los Angeles Times/TNS

Sales of new gas-powered cars banned in California by 2035: What you need to know

Business / Business News /

Gov. Gavin Newsom's executive order banning sales of new combustion-engine motor vehicles in California starting in 2035 will mark a radical change in transportation infrastructure. It also will prompt many questions from consumers. Here are answers to some:

_Is this a real ban on combustion vehicles?

The order calls it a goal but gives the ...Read more

Volkswagen/Volkswagen/TNS

Premiere: Volkswagen goes electric with made-in-USA ID.4 SUV

Business / Business News /

Volkswagen made its mark in the U.S. market with practical, affordable icons like the Beetle and Golf GTI. It hopes its first battery-powered vehicle, the ID.4, will do the same for electrics.

The German brand took the wraps off the compact SUV on Wednesday. The ID.4 will be the first EV from a foreign carmaker to be built in the U.S. as it ...Read more

Luis Sinco/Los Angeles Times/TNS

The luxury air business is booming — as many Californians struggle to breathe

Business / Business News /

LOS ANGELES - Gregory Malin remembers the night he realized a breath of fresh air could help sell a mansion.

The year was 2009. Some 2.8 million foreclosures were underway across the nation. Malin was hosting a party in San Francisco's tony Pacific Heights, where his real estate development and investment firm, Troon Pacific, had bought a house...Read more

Wally Skalij/Los Angeles Times/TNS

Extreme wildfires turn smoke apps into the new weather apps

Business / Business News /

For weeks, smoke has blanketed the west coast. The Bay Area has seen a vast improvement in the past few days, but terrible air lingers in Portland and Seattle. Millions of people have been furiously checking the air quality ratings in their neighborhood regularly. On the worst days, in some places the Air Quality Index (AQI) measured 600. ...Read more

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Uncertainty reigns for insurers as industry adopts AI standards

Business / Business News /

As the insurance industry increasingly relies on artificial intelligence, its state-based regulators are thinking about how to ensure that the technology treats policyholders fairly.

The National Association of Insurance Commissioners last month unanimously adopted guiding principles that AI be fair, ethical, accountable and safe. But these are...Read more

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Tech Q&A: Tech tricks to keep using Windows 7 are risky

Business / Business News /

Some readers are reluctant to upgrade or replace vulnerable Windows 7 PCs, even though Microsoft no longer provides security updates for them.

Instead, the readers are searching for technical tricks that would allow them to keep using the Windows 7 PCs while isolating them from other computers on a network. While that sounds good, it's not ...Read more

John Gibbins/San Diego Union-Tribune/TNS

With November election looming, San Diego's biotech community eyes policy issues

Business / Business News /

SAN DIEGO - Test tubes and beakers don't care what laws politicians pass, but biotech execs sure do.

The life sciences have always been shaped by policy. Biotech companies from San Diego to San Francisco to Boston look to local, state and federal lawmakers to ensure that they have space to expand and funding to buoy their research.

It's why ...Read more

Jarrod Valliere/San Diego Union-Tribune/TNS

After six years of attacks, Qualcomm finally sees stability return to patent licensing

Business / Business News /

SAN DIEGO - Alex Rogers says he likes stress. As head of Qualcomm's maligned patent licensing division, he has seen plenty of it over the past few years.

Starting in 2014, government regulators from China to South Korea to the U.S. attacked the San Diego mobile technology firm's lucrative business model for licensing its intellectual property, ...Read more

Luis Sinco/Los Angeles Times/TNS

Disneyland presses for reopening, proposes COVID-19 safety measures

Business / Business News /

Walt Disney Co. officials added their voices to a chorus of politicians, business owners and tourism industry leaders Tuesday to press California's governor to let Disneyland and Disney California Adventure reopen, vowing to adopt specific health precautions to help protect guests from the COVID-19 pandemic.

If allowed to reopen, Disney ...Read more

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Ford reaches 'home run' deal with big investment from Canadian government

Business / Business News /

Ford Motor Co. reached a tentative labor contract deal with its Canadian autoworkers Tuesday based in no small part on critical support from the Canadian government, announced Unifor National President Jerry Dias.

Having pushed past a midnight deadline Monday, union members earlier had voted to strike the Dearborn automaker if necessary. They ...Read more

David Joles/Minneapolis Star Tribune/TNS

Farm prices rally on Chinese demand, disaster in Iowa

Business / Business News /

Things are looking up for farmers as harvest gets underway - at least for those outside the areas hit by a severe storm called a derecho in early August - thanks to a mix of increased demand from China and the misfortune of farmers in other states.

Corn and soybean prices are both up by about a fifth since early August and the hog rally has ...Read more

Jarrod Valliere/The San Diego Union-Tribune/TNS

Miss trade-show swag? Big conventions paused until late 2021

Business / Business News /

Bad news for America's press-the-flesh salespeople: Most big-business conventions are on hold until late summer or fall of next year.

The Center for Exhibition Industry Research on Tuesday gave a somber forecast for trade-show promoters, vendors and attendees, many of whom have had to switch to digital events for the time being. But the trade ...Read more

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Walmart expands drone program with COVID-19 test-kit delivery

Business / Business News /

Walmart Inc. will test using drones to drop COVID-19 diagnostic kits at customers' homes, the retailer's latest move in the pandemic-fueled arena of contactless deliveries.

The company is piloting drone delivery of at-home coronavirus self-collection kits in North Las Vegas and Cheektowaga, New York, it said in a blog post Tuesday. It's ...Read more