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Cisco hit by cyberattack from hacker linked to Lapsus$ gang

Business / Business News /

Cisco Systems Inc. said it was the victim of a cyberattack in which a hacker repeatedly attempted to gain access to the Silicon Valley firm’s corporate network.

Cisco said it became aware of a potential compromise on May 24, and disclosed it on Wednesday after the hacker leaked a list of the files it had stolen on the dark web.

An ...Read more

Joe Burbank/Orlando Sentinel/TNS

Visitor spending fuels soaring revenues at Disney theme parks

Business / Business News /

Visitor spending is up at Disney’s U.S. theme parks as average daily attendance has been only slightly below pre-pandemic levels of 2019 so far this fiscal year, Disney executives said Wednesday.

In a third-quarter earnings call Wednesday, CEO Bob Chapek and CFO Christine McCarthy attributed increased guest spending to ticket add-ons like ...Read more

Glen Stubbe/Minneapolis Star Tribune/TNS

Fed's Kashkari says he's staked out the most aggressive stance on lifting interest rates

Business / Business News /

Neel Kashkari welcomed the first better-than-expected inflation report in many months on Wednesday, but said it did not change his view on the need for more aggressive interest rate hikes even if it means triggering a recession.

"This is just the first hint that maybe inflation is starting to move in the right direction," the president of the ...Read more

OLIVIER DOULIERY/AFP/Getty Images North America/TNS

Motormouth: Follow the instructions

Business / Business News /

Q: You recently advised to follow the owner’s manual in choosing a grade of gas. Does that advice still hold if the manual says regular is fine but, for reasons long forgotten, the owner has been pumping nothing but mid-grade over the car’s entire 17-year life? If it matters, the car is an RX330 with about 120,000 miles.

W. K., Lake Geneva,...Read more

Michael McAndrews/Hartford Courant/TNS

As inflation cooled in July, prices rose more slowly in the Northeast. But not for energy

Business / Business News /

Prices rose more slowly in the Northeast in July than the rest of the nation, helped by slowing housing costs, the U.S. Department of Labor reported Wednesday.

The Labor Department reported the consumer-price index rose 8.5% in July from the same month a year ago, down from 9.1% in June, which marked the fastest inflationary pace since November...Read more

Dreamstime/Dreamstime/TNS

For 6th year in a row, car troubles top annual list of consumer complaints

Business / Business News /

Complaints ranging from deceptive practices and mechanical defects, to shoddy repairs and title issues propelled auto sales and repairs to the No. 1 type of complaint fielded by state and local consumer protection agencies again last year, according to an annual survey by the Consumer Federation of America.

The report from the Washington, D.C.-...Read more

Ford, utility ink major renewable energy deal to power automaker's Michigan plants

Business / Business News /

Ford Motor Co. and DTE Energy on Wednesday announced what they're billing as the largest-ever renewable energy purchase from a utility in the U.S.

Under a purchase agreement between the two Michigan companies, DTE is slated to add 650 megawatts of new solar energy in the state to power Ford's facilities — enough to power 140,000 homes, ...Read more

Pixar/Disney/Pixar/TNS

Disney+ subscribers are going to have to pay more to avoid commercials

Business / Business News /

Disney+ subscribers will start seeing ads on the popular streaming service in December. That is, unless they opt to pay more.

Walt Disney Co. on Wednesday said it would launch tiered versions of the service on Dec. 8. Current subscribers who continue to pay $8 a month for the “basic” tier will get commercials. Meanwhile, subscribers who don...Read more

Telexistence Inc./TNS/TNS

Robot arms are replacing shelf stockers in Japan's stores

Business / Business News /

Telexistence Inc. and FamilyMart Co. are rolling out a fleet of AI-driven robots to restock shelves in 300 convenience stores across Japan.

The robot arms are designed to replenish drinks in refrigerators and are now in mass production, Tokyo-based Telexistence said in a statement Wednesday. They’ll be installed in FamilyMart locations across...Read more

SpaceX/SpaceX/TNS

SpaceX performs hot fire tests on Starship and super heavy, this time without a fireball

Business / Business News /

An orbital launch of SpaceX’s new massive rocket is getting closer to reality with the company firing up its new engines for launch pad hot fires of both a super heavy booster and Starship prototype.

The company performed the two separate hot fires at its Boca Chica, Texas site Starbase on Monday posting images and video to its social media ...Read more

Richard Tribou/Orlando Sentinel/TNS

Norwegian Cruise Line joins others relaxing COVID restrictions

Business / Business News /

Norwegian Cruise Line and its sister lines Oceania Cruises and Regent Seven Seas Cruises are rolling back COVID-19 vaccination and testing requirements next month, the latest cruise line to relax rules enacted during the pandemic.

The three cruise lines, all under Norwegian Cruise Line Holdings, LTD, will adjust their protocols as of Sept. 3, ...Read more

Jim Rossman/Jim Rossman/TNS

Tech review: Attractive VAIO FE laptop works nicely for home or school

Business / Business News /

When I was asked if I wanted to review a new VAIO laptop, my mind was transported back to when VAIO was a Sony product with a top-of-the-line reputation.

As a desktop support manager, I remember ordering a very slick VAIO laptop that was coveted by almost everyone in the office. VAIO pushed the design envelope to produce some very sexy laptops....Read more

Ariana Ruiz/Prensa Internacional/Prensa Internacional via ZUMA/TNS

Epic Games no longer blocked in Indonesia after registering with government

Business / Business News /

Epic Games was blocked briefly from the world’s fourth-most populated country but on Tuesday complied with Indonesia’s requirement that it register with its ministry of information.

The Cary-based creator of Fortnite complied with an Indonesian law that some internet rights groups have called invasive.

For more than a week, the archipelago...Read more

A union drive is underway at Amazon's huge new North Carolina facility. Can workers win?

Business / Business News /

The Amazon distribution center in Garner, North Carolina, is massive. Located a few miles southeast of downtown Raleigh, it covers 2 million square feet and houses multiple departments across four floors. The facility, known as RDU1, employs more than 4,000 people who work shifts spanning all hours of the day and night, seven days a week.

It’...Read more

Inflation slows a bit in July. Has it finally peaked?

Business / Business News /

WASHINGTON — After months of steadily climbing to a 40-year high, the pace of inflation slowed notably in July as gas prices fell sharply and Americans got some relief on the cost of clothing, cars and other necessities.

The annual rate of inflation, as measured by the consumer price index, edged down to 8.5% in July from 9.1% in June, ...Read more

Searches for 'sell my house' soar as housing market changes

Business / Business News /

More people are looking to put their homes on the market as internet searches for selling a house have shot up.

Searches online for “sell my house” have soared in the United States, rising 147% as of July, according to an analysis of Google Trends by luxury home brands Ruby Homes.

“The analysis reveals that searches for ‘sell my house�...Read more

Smiley N. Pool/TNS

He bought a first-class seat for his infant son. The airline put him in mom's lap

Business / Business News /

For his infant son’s first flight, Timothy Ketcham took the extra steps, for both comfort and safety, of buying the 6-month-old his own first-class seat.

But when it came time to board an American Airlines flight to Charlotte, the plans got nixed: Baby boy had no seat, forced to fly two hours on his mother’s lap.

“I know why,” said ...Read more

Michael Tercha/Chicago Tribune/TNS

A Chicago theater's staff unionizes amid protests of its board of directors

Business / Business News /

The staff at Victory Gardens Theater have begun the process to unionize, The Times has learned. It's the latest move in an ongoing standoff between the storied Chicago institution's employees and board of directors, the latter of whom have drawn criticism for recent decisions regarding its artistic leadership and financial investments.

The ...Read more

For some Southern California Edison users, rates will be more costly than advertised

Business / Business News /

As electricity bills rise with the temperature, some Southern California Edison customers are getting an extra jolt starting this month — and it's one they didn't see coming.

In April, Edison sent homeowners letters saying they were getting a new rate plan but their cost for electricity wouldn't change.

One Santa Monica household's notice, ...Read more

Ford reopens F-150 Lightning order bank, raises prices

Business / Business News /

Ford Motor Co. on Thursday will reopen order banks for the next round of reservation holders of the all-electric F-150 Lightning — and customers will see both improvements in range and a higher price for model year 2023.

Citing "significant material cost increases and other factors," the Dearborn automaker said it would increase the ...Read more