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Emboldened House Republicans to bring ESG scrutiny, experts say

Business / Business News /

WASHINGTON — Now that they’ve gained control of the House in the next Congress, Republican lawmakers will launch a slew of congressional inquiries into environmental, social and governance issues, according to legal and financial experts.

The foremost targets will be financial institutions and companies promoting ESG, as well as the ...Read more

Nikolai Sorokin/Dreamstime/TNS

Employers use patient assistance programs to offset their own costs

Business / Business News /

Anna Sutton was shocked when she received a letter from her husband’s job-based health plan stating that Humira, an expensive drug used to treat her daughter’s juvenile arthritis, was now on a long list of medications considered “nonessential benefits.”

The July 2021 letter said the family could either participate in a new effort ...Read more

Courtesy Port of San Francisco/TNS/TNS

A massive, floating swimming pool on San Francisco Bay? Here's where a developer wants to build it

Business / Business News /

Ever wished you could swim on the bay without actually immersing yourself in the frigid, murky water?

A new proposal would turn an old pier on the San Francisco waterfront into the Bay Area’s first public floating pool, where guests could swim laps, play water polo or lounge in a hot tub while soaking up a view of the Bay Bridge. The plan ...Read more

Natrice Miller/Atlanta Journal-Constitution/TNS

'I need to eat': Venezuelan migrants take first steps in Georgia labor market

Business / Business News /

By the time he crossed the U.S.-Mexico border and arrived to Atlanta in late August, Klinsman Torres had exhausted his savings. The Venezuelan migrant’s most immediate priority was to find work.

“Nothing is below me,” he said. “Work is work.”

In the past, Torres had worked in kitchens and on construction sites. He cleaned bathrooms. ...Read more

Real estate Q&A: How can I avoid problems if my sister buys me out of property we co-own?

Business / Business News /

Q: I own a vacation home with my sister we inherited years ago. Recently she approached me about buying out my half of the house. We get along well, and I rarely use the property, while she practically lives there, so this seems fair. But I do not want to cause any problems because of the transfer. How can we protect against this turning out bad...Read more

General Motors/TNS/TNS

GM installs first EV chargers for dealer partnership program

Business / Business News /

General Motors Co. is starting to install the first community charging stations as part of its Dealer Community Charging Program, with the first ones going up in Michigan and Wisconsin.

Nearly 1,000 GM dealers have enrolled in the program since it was announced in late 2021. The program was first available to Chevrolet dealers and will expand ...Read more

Adobe/Dreamstime/TNS

PDF to cloud to homegrown tech titan: Adobe celebrates 40th anniversary

Business / Business News /

SAN JOSE, California — Adobe has reached its 40th anniversary, an event that marks a four-decade journey during which the company created tech products that have become vital tools for consumers and professionals alike.

John Warnock and Charles Geschke, two tech entrepreneurs who had just left legendary Xerox PARC, launched Adobe in December ...Read more

Kate Ruder/KHN/TNS

Rural Colorado tries to fill health worker gaps with apprenticeships

Business / Business News /

GRAND JUNCTION, Colorado — During her 12-hour overnight shift, Brianna Shelton helps residents at BeeHive Homes Assisted Living go to the bathroom. Many of them have dementia, and some can’t get out of bed on their own. Only a few can remember her name, but that doesn’t matter to her.

“They’re somebody’s mom, somebody’s grandma, ...Read more

Mike Siegel/Seattle Times/TNS

Boeing lost hundreds of experienced Seattle-area engineers last month

Business / Business News /

Last month, hundreds of very experienced Seattle-area Boeing engineers walked out the door. They chose to retire early with the realization they'd have a significant cut to their pension payouts if they delayed.

Though this quirk in traditional pension plans is not unique to Boeing, the outcome is a local brain drain that will accentuate a ...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

Joseph N. DiStefano: 13 pro-fossil fuel states seek to block Vanguard utility buys, cite ties to green 'activism'

Business / Business News /

Vanguard Group, the investment giant whose offices in Malvern, Pennsylvania, have been targeted by environmentalists demanding it pressure companies to stop burning carbon fuels, now faces backlash from states who say its efforts to address climate change threaten investment profits for pension funds and other clients.

Attorneys general for ...Read more

Rob Nikolewski/The San Diego Union-Tribune/TNS

Bringing batteries back to life: Research groups get federal funding for recycling projects

Business / Business News /

If the clean energy transition is going to happen, a massive amount of batteries will be needed.

Many will be manufactured, but just as many will be recycled to power the increasing number of electric vehicles and storage facilities needed to make the switch to sustainable energy.

The U.S. Department of Energy recently distributed $74 million ...Read more

Risers, founders, planners and fillers: 4 career paths to get to the top at nonprofits

Business / Business News /

A nonprofit’s executive director has an important job to do. Typically, no one else contributes more to the organization’s success.

Evidence indicates that turnover among these top staffers is high and that nonprofit boards often have trouble finding good candidates. Yet there’s been little research about how people become ...Read more

Alfred A. Knopf/TNS

Review: 'A Dangerous Business,' by Jane Smiley

Business / Business News /

FICTION: Two Gold Rush-era working girls set out to solve some murders.

"A Dangerous Business" by Jane Smiley; Alfred A. Knopf (210 pages, $28)

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It seems odd to call a novel about prostitution and murder light, but "A Dangerous Business," Jane Smiley's umpteenth book, oddly is. In 1851 Eliza Ripple is married off to a man who's not ...Read more

BorgWarner to spin off fuel systems, aftermarket business in 'pivot to EVs'

Business / Business News /

Michigan-based auto supplier BorgWarner Inc. said Tuesday it will spin off its fuel systems and aftermarket businesses into a new publicly traded company.

The tax-free separation is expected to happen in late 2023 following regulatory approvals and final support from BorgWarner's board of directors. Shareholders would own stock in both ...Read more

Tech firms plan thousands more Bay Area job cuts: Facebook, Amazon, Juul

Business / Business News /

Tech companies are eyeing layoffs that will eliminate jobs for thousands more workers in the Bay Area, a brutal new round of terminations poised to jolt the owner of the Facebook app, Amazon and Juul Labs.

All told, tech companies have decided to chop 2,564 more Bay Area jobs, according to official notices that the firms sent to the state labor...Read more

Alaska continues to lose ground on wages compared with other states, though pay is still high

Business / Business News /

The "legendary" wages that once coaxed people to Alaska have continued to shrink compared to the rest of the U.S., due partly to a statewide recession before the pandemic and a slow recovery after it, according to a new report from the Alaska Department of Labor and Workforce Development.

Alaska's average wages still outperform the rest of the ...Read more

Armando L. Sanchez/Chicago Tribune/TNS

Chicago casino won't be a 'glitzy Las Vegas strip joint' but a 'series of experiences,' developers say

Business / Business News /

CHICAGO — Plans to build a permanent casino and entertainment district in Chicago’s River West continue to evolve based on feedback from residents, Bally’s officials said at a community engagement meeting for the project Monday evening.

As outlined Monday, the design now includes more greenspace and an additional road connections into the...Read more

Ollie Upton/HBO/TNS/TNS

HBO Max returns to Prime Video as Warner Bros. Discovery searches for revenue

Business / Business News /

HBO Max is back on Amazon Prime Video in the U.S., a little more than a year after its departure.

Amazon Prime subscribers can pay an additional $14.99 a month to receive the channel, which includes "House of the Dragon," "The White Lotus" and reruns of "The Big Bang Theory." That is the standard fee for the streaming service.

HBO Max's ...Read more

Smiley N. Pool/TNS

Airlines see 2023 profit as US growth offsets China barriers

Business / Business News /

The airline industry is set to achieve its first post-pandemic profit next year, as a travel rebound in the U.S. offsets the impact of ongoing Covid-19 curbs in China, the International Air Transport Association predicted.

Carriers will likely generate a collective $4.7 billion in net income in 2023, IATA said in an update to its financial ...Read more

Kevin Dietsch/Getty Images North America/TNS

Michael Hiltzik: The Child Tax Credit is our greatest antipoverty program. Why is Congress letting it wither?

Business / Business News /

Here are some documented truths about the federal Child Tax Credit:

— The enhanced credit, enacted in March 2021 as part of the American Rescue Plan, the government's pandemic relief package, reduced the child poverty rate by about 30%, keeping as many as 3.7 million children out of poverty by the end of that year.

— When the enhancements ...Read more