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Coronavirus retail: Levi Strauss cuts 700 corporate jobs

Business / Business News /

Levi Strauss, jolted by coronavirus-linked shutdowns of its retail stores, has decided to chop 700 corporate jobs, the legendary maker of denim jeans said Tuesday.

"The second-quarter results highlight the difficult external environment we've been navigating the last several months," Chip Bergh, Levi Strauss president and chief executive ...Read more

Wade Millward: New opportunity for some service workers — solar installation

Business / Business News /

If you're waiting for your job in services -- retail or otherwise -- to restart or to ramp back up to full hours, you might consider switching to solar installation, a fast-growing job market.

The U.S. Bureau of Labor Statistics predicts solar installer jobs will grow by 63% between 2018 and 2028, for an addition of 6,100 jobs. Annual median ...Read more

Podcast boom: SiriusXM nears deal to buy 'Freakonomics Radio' producer

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New York-based SiriusXM is close to buying Stitcher, a major podcasting network, as the fast-growing industry continues to draw bigger players, sources said.

The satellite radio powerhouse is in advanced talks to buy Stitcher from E.W. Scripps Co. for about $300 million, although the amount could change because the deal has not closed, ...Read more

NBCUniversal News Group chairman wants a 50% diverse work force

Business / Business News /

Responding to the current national period of reflection on race, NBCUniversal News Group Chairman Cesar Conde has set a goal of having a 50% diverse work force across his division.

No timetable has been set for the target Conde set in an internal video sent Tuesday to employees and obtained by The Times. There are around 3,000 employees across ...Read more

Analyst: 20,000 bank branches — or more — could close after COVID-19

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U.S. bank branches have been closing at the rate of more than three a day for the last 10 years, according to the Federal Deposit Insurance Corp.

They should be closing faster, some analysts say.

"Given the shelter-in-place orders, the COVID-19 pandemic has accelerated mobile adoption," with teller transactions down "30 to 40 percent" this ...Read more

Genius Brands buys rights to post-Marvel Stan Lee characters

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Beverly Hills-based Genius Brands International bought the rights to a group of Stan Lee comic book characters to build a new world in kids' entertainment.

The company, which produces, markets and licenses branded children's entertainment, says it plans to build a "Stan Lee Universe," drawn from over 100 original, unexploited properties created...Read more

The $600 benefit ends in July. Economists are not optimistic about what happens next

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DETROIT -- Sandra Smith lost her job when restaurants shut down for dine-in service in March. The waitress didn't start receiving unemployment until June, even though she applied in April.

While she recently went back to her job as a waitress at the restaurant Calexico in downtown Detroit, it's not the same as before. Smith is making less than ...Read more

There's a new trade agreement in town. It looks to improve on NAFTA but hurdles remain

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For more than 25 years, the North American Free Trade Agreement, commonly known as NAFTA, had its share of critics on both the left and the right -- sometimes for different and, at other times, for overlapping reasons.

But last week, NAFTA's replacement went into effect. Called the U.S.-Mexico-Canada Agreement, or USMCA, it looks to build on ...Read more

Two pipeline setbacks in two days, and pressure intensifies on Minnesota project

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The oil and gas industry has been stunned in the past two days by two more big pipeline setbacks, including a court-ordered temporary closure of the Dakota Access, the main artery for North Dakota's crude.

A federal judge in Washington, D.C. Monday ordered the Dakota Access to shut down for a more thorough environmental review -- three years ...Read more

Royal Caribbean, Norwegian Cruise Line form panel to set COVID-19 health protocols

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MIAMI -- The second and third largest cruise companies in the world are teaming up to figure out how to safely resume operations.

Royal Caribbean Cruises Ltd. and Norwegian Cruise Line Holdings -- both headquartered in South Florida -- announced they have organized a panel of nine outside health experts and two advisors to draw up plans on ...Read more

Consumer Confidential: No, a chiropractor can't cure COVID-19 (or diabetes, for that matter)

Business / Business News /

To most people, the coronavirus is viewed as a threat. To some chiropractors, it's a business opportunity.

A highly questionable business opportunity.

The California Board of Chiropractic Examiners, the state's regulatory agency, told me that "approximately 40 complaints about COVID-19-related advertisements" have been received by officials ...Read more

Workplace tensions flare over whether employees can wear Black Lives Matter masks

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As companies declare support for the Black Lives Matter movement, some are not allowing employees to wear masks or other attire that express solidarity with the cause.

Employees have pushed back against what they say is an attempt to silence them -- staging protests at Whole Foods, denouncing Trader Joe's on Twitter, calling for boycotts of ...Read more

Amazon, Facebook, Apple, Google CEOs to testify to House July 27

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WASHINGTON -- The chief executive officers of Amazon.com Inc., Facebook Inc., Alphabet Inc. and Apple Inc. will testify on July 27 before a congressional panel investigating competition in the technology industry, according to an announcement from the House Judiciary Committee.

Jeff Bezos, Mark Zuckerberg, Sundar Pichai and Tim Cook are likely ...Read more

Employers find testing employees more trouble than it's worth

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From nursing homes in New York and a landfill in Utah to Disney World and the Las Vegas Strip, employers are wrestling with workplace safety in the age of Covid-19 and making fraught calculations about how to safeguard both their businesses and their employees.

Mass testing, a critical tool to stem the virus's spread, would appear an obvious ...Read more

After coronavirus shuttered presses, Seattle's street newspaper is printing again

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SEATTLE -- For Darrell Wrenn, selling Real Change is more than just his only source of income. He likes the drive into downtown Seattle each day to buy a fresh batch of newspapers, and then drive out to Issaquah to sell them.

"It helps me mentally," Wrenn said. "It's kind of like my therapist; I'm thinking or talking things through. Getting ...Read more

Cruise CEOs insist ships are safe, prepare new health protocols

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Two of the world's largest cruise operators insist their ships are no more vulnerable to the spread of the new coronavirus than other public places.

The cruise industry has long pushed back at the idea that the close quarters on ships may be ripe conditions for the spread of disease. And major players continue to maintain that position, even ...Read more

2021 health plans granted leeway to limit consumers' benefit from drug coupons

Business / Business News /

Without medication to manage her plaque psoriasis, Jennifer Brown's face, scalp, trunk and neck periodically become covered in painful red, flaky patches so dry they crack and bleed.

She has gotten relief from medications, but they come at a high price. For a while she was on Humira, made by AbbVie, with an average retail price of roughly $8,...Read more

Facebook, WhatsApp pausing Hong Kong government data requests

Business / Business News /

Facebook Inc. won't process user data requests from the Hong Kong government amid concerns that a new security law could criminalize government protests.

Facebook typically works with law enforcement to follow local laws where the company operates but says it has paused sharing user data with Hong Kong authorities while it conducts a "human-...Read more

PortMiami renegotiates terminal deals, local workers brace for more cruise-less months

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MIAMI -- Just last November, PortMiami was bustling with construction workers bringing to life five new cruise terminals and two cruise company headquarters. Future cruise business was all but guaranteed: Fiscal year 2020 was set to break the port's 2019 record of 6.8 million passengers, up 22% from 2018.

The county agreed to pay $700 million ...Read more

Businesses associated with Trump, administration officials among recipients of coronavirus loans

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Businesses associated with President Donald Trump and members of his administration were among recipients of COVID-19 small-business loans, newly released data show.

Irongate Azrep Bw LLC, Trump's business partner in a hotel and residential tower in Waikiki, Hawaii, received a loan from the Paycheck Protection Program in the range of $2 million...Read more