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Stephen Chernin/TNS/TNS

Michael Hiltzik: What's stopping the next Bernie Madoff?

Business / Business News /

The death of the record-setting con man Bernie Madoff, announced Wednesday from the federal prison where Madoff, 82, was serving out a 150-year sentence, is likely to produce a new reckoning of the greed, willful blindness and incompetence that enabled his fraud to continue for years virtually in public view.

The greed and willful blindness ...Read more

Robin Platzer/Avalon/Avalon via ZUMA Press/TNS

ABC News taps Kim Godwin as president, a milestone for the broadcast industry

Business / Business News /

Kim Godwin has been named president of ABC News, making her the first Black woman to run a broadcast TV news division.

Godwin, whose appointment was made official Wednesday by ABC parent Walt Disney Co., is exiting CBS News where executive changes are also underway.

CBS News President Susan Zirinsky confirmed to her staff that she will be ...Read more

Dell Technologies spinning off ownership stake in VMWare

Business / Business News /

Dell Technologies said Wednesday that it is spinning off its ownership stake in VMware, a California-based cloud-software company.

The deal is expected to close in the fourth quarter of calendar 2021 and result in two standalone companies.

Dell Technologies said the companies will continue to work together through a commercial agreement and ...Read more

Ford/TNS

Ford F-150, Mach-E to add hands-free highway driving in high-volume rollout of new tech

Business / Business News /

Ford F-150, Mach-E to add hands-free highway driving in high-volume rollout of new tech.

Kimberly P. Mitchell, Detroit Free Press/Detroit Free Press/TNS

Susan Tompor: April 15 remains key deadline for some taxpayers despite income tax deadline extension

Business / Business News /

April 15 is a day on the calendar that can come — and go — in 2021 for many taxpayers, but not all.

This tax season, the traditional federal income tax deadline for individual returns shifts from April 15 until May 17. Ditto for most state income tax deadlines (some fall even later).

Of course, the extension for filing a return — granted...Read more

Hollie Adams/Getty Images Europe/TNS

Amazon says social network Parler is trying to conceal its ownership, new court filings show

Business / Business News /

Parler, a social network billing itself as the conservative alternative to Twitter, is seeking to conceal its ownership, Amazon contended in new legal filings Tuesday as the dispute between the companies plays out in Seattle courts.

An attorney for Parler, Angelo Calfo, disputed that claim, saying the burden was on Amazon to prove who owns the...Read more

Scott Olson/Getty Images North America/TNS

Airline investors see a post-pandemic rebound in low-cost travel

Business / Business News /

(Bloomberg) — New money is flowing to low-cost airlines in the U.S. as they take on giant carriers racing to recover from the unprecedented collapse in travel during the pandemic.

Two established carriers that had already been flying sold shares in the past month, while two new airlines managed to raise more than $100 million each in a little...Read more

Ryan Garza/Detroit Free Press/TNS

Government, consumers want lower EV prices, but automakers still pricing high

Business / Business News /

Government officials and consumers want to see cheaper electric vehicles, but automakers are launching expensive options as they work to make these types of vehicles affordable down the road.

The automakers, including General Motors Co. with its "Everybody In" campaign, say they will offer EVs across a wide range of pricing. And, to help speed ...Read more

Camille Fine/Chicago Tribune/TNS

This food tech startup wants to keep the world's bananas and avocados fresher longer

Business / Business News /

Hazel Technologies, a Chicago-based startup that created a small drop-in packet to keep bananas and other produce from turning prematurely brown, is starting to produce a lot of green.

The 6-year-old company announced Tuesday it raised $70 million in a completed investment round, financing ambitions to grow Hazel into an international food tech...Read more

Mark Reinstein/ZUMA Wire/TNS

Grain Belt Express promises stronger electric grid -- if Missouri lawmakers don't kill it

Business / Business News /

Developers of the Grain Belt Express say the massive transmission line remains on track to open up by 2025, connecting wind power in western Kansas with voracious demand in the East.

The 800-mile project promises to add more reliability to the electric grid — all the more enticing since rolling blackouts in February left millions of Americans...Read more

Duane Braley/Minneapolis Star Tribune/TNS

Tech Q&A: Pros and cons of downsized 'Windows 10 in S mode'

Business / Business News /

Q: To get a lower price, I purchased a new laptop with Windows 10 running in "S mode." I understand that S mode is supposed to be more secure, but that my software choices are limited. (I also know I can upgrade to full Windows 10, but I'm not sure this PC could handle it.) But I'm still trying to figure out security. How can I do a manual ...Read more

Dreamstime/TNS

Spanish-language media giants Univision and Televisa to merge

Business / Business News /

Univision Communications and Grupo Televisa plan to merge their entertainment assets to create a powerful new Spanish-language media company with one foot in the United States and the other in Mexico.

The companies jointly announced the move late Tuesday, formalizing a process that began quietly after Univision came under new ownership late ...Read more

Dreamstime/TNS

Spanish-language media giants Univision and Televisa to merge

Business / Business News /

Univision Communications and Grupo Televisa plan to merge their entertainment assets to create a powerful new Spanish-language media company with one foot in the United States and the other in Mexico.

The companies jointly announced the move late Tuesday, formalizing a process that began quietly after Univision came under new ownership late ...Read more

HYOSUB SHIN/Atlanta Journal-Constitution/TNS

Georgia faith leaders push big business for action on voter laws

Business / Business News /

Georgia faith leaders and corporate executives met virtually on Tuesday in an effort to find common ground to fight a slew of election overhaul bills sweeping the nation, including the state's controversial SB 202, which was recently signed into law by Gov. Brian Kemp.

The closed summit, which lasted about an hour and a half, was led by Coca-...Read more

Barnes & Noble Press/Los Angeles Times/TNS

Wells Fargo investing in 5 Black-owned banks

Business / Business News /

Wells Fargo is investing in five Black-owned banks, including two in Georgia, the company said Tuesday.

The company has pledged to invest up to $50 million in minority-owned institutions. As part of that, Citizens Trust Bank in Atlanta and Carver State Bank in Savannah will receive capital injections, as will First Independence Bank in Detroit,...Read more

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

Epic Games raises another $1B from investors. Video game maker now valued at $29B

Business / Business News /

CARY, N.C. — Epic Games has completed another astronomical round of funding from investors, making the company worth nearly $29 billion and easily making it the most valuable venture-backed company in North Carolina.

The Cary-based video game developer said Tuesday it raised another $1 billion from investors — money it will use to continue ...Read more

Susan Stocker / South Florida Sun Sentinel/South Florida Sun Sentinel/TNS

GOP Senate bill seeks to override CDC's cruise regulations, allow sailing soon

Business / Business News /

WASHINGTON — Florida’s U.S. Senators introduced legislation Tuesday to override the Centers for Disease Control’s existing framework cruise ships must follow to resume operations and replace current regulations with a new set of recommendations to mitigate the spread of COVID-19 aboard ships.

Sens. Rick Scott and Marco Rubio, along with ...Read more

Dean Rutz/Seattle Times/TNS

Going back to the office? How most employers are handling COVID vaccines for workers

Business / Business News /

As COVID-19 vaccines become more widely available to workers across the state, Florida employers are planning for thousands of people to start heading back to the workplace.

But the process is easier said than done. Many employers are hoping to get their workers inoculated. In turn, they face an array of legal considerations. Where will ...Read more

Antonio Perez/TNS

United wants passengers to donate money to sustainable jet fuel. But is it better than carbon offsets for saving the planet?

Business / Business News /

United Airlines is giving customers who want to reduce the environmental impact of their travel a way to buy sustainable jet fuel that releases fewer emissions than traditional jet fuel.

The Chicago-based airline has already secured commitments from about a dozen companies using the program to help offset emissions from employee travel or ...Read more

Disney's inclusion push includes updated rules on tattoos, jewelry, hair for cast members

Business / Business News /

Walt Disney World workers soon may look different thanks to changes in the Disney Look, the company’s long-standing appearance guide. Visitors may see tattoos, fingernail polish and newly allowed hairstyles for the first time in Disney theme parks.

These dress-code changes and other alterations are part of the company’s broader look at ...Read more