Hims & Hers Health, Inc./TNS/TNS

Hims & Hers to sell inexpensive Ozempic alternative

Business / Business News /

Online pharmaceutical brands Hims & Hers are introducing a weight-loss drug containing a compounded form of semaglutide, the active ingredient in Ozempic, for a fraction of the price.

Both brands, owned by the same company headquartered in San Francisco, plan to provide a one-month supply of the GLP-1 injections for $199.

That same dose of ...Read more

Jerry Jackson/The Baltimore Sun/TNS

Carnival says cruise ship will return to Baltimore Sunday, two months after Key Bridge collapse

Business / Business News /

Another cruise line says one of its ships will return to Baltimore next weekend.

A Carnival Cruise Line ship that rerouted its departure to Norfolk, Virginia, will return to Baltimore on Sunday as scheduled, the company said in a news release.

Last week, Royal Caribbean said a ship would be leaving Baltimore this coming Saturday “as planned....Read more

Justin Sullivan/Getty Images of North America/TNS

Red Lobster files for bankruptcy but will stay open

Business / Business News /

Flawed decisions, including a permanent endless shrimp deal, real estate sales and private equity debt, has forced Red Lobster to file for Chapter 11 bankruptcy, with its leaders planning to seek a buyer for the financially troubled Orlando-based seafood chain.

The bankruptcy, filed in U.S. District Court in Orlando, will allow the company to ...Read more

Bill Pugliano/Getty Images North America/TNS

Election year politics roil the EV transition

Business / Business News /

WASHINGTON — The U.S. auto industry faces a triple threat on the road to cleaner cars and trucks: lagging consumer demand for electric vehicles, a potential glut of cheap electric vehicles from China and the possible rollback of Biden administration moves if Donald Trump becomes president again.

All of that is raising questions about whether ...Read more

Hector Amezcua/The Sacramento Bee/TNS

Here's how much you have to earn to qualify as middle class, new study says

Business / Business News /

The household income required to be considered middle class in the United States varies depending on where you live. In California, the price is high.

As of 2022, middle-class household income ranged between $61,270 and $183,810 in the Golden State, according to a recent analysis from personal finance site GoBankingRates.

That’s roughly a 50...Read more

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Michael Hiltzik: In a major rebuke to Exxon Mobil, CalPERS will vote against its entire board

Business / Business News /

Exxon Mobil can't say it wasn't warned.

Having opted to continue its lawsuit against two activist investor groups even after they withdrew a shareholder proposal the company management opposed, the giant oil company had gotten flayed by shareholder advocates for its bullying.

Now the big shoe has dropped: CalPERS, the largest public pension ...Read more

Ken Lambert/The Seattle Times/TNS

Boeing 767 gets a 5-year reprieve from climate rules

Business / Business News /

Boeing will have five extra years to build its 767 freighters in its Everett plant thanks to a provision in the newly passed Federal Aviation Administration reauthorization bill.

Boeing won’t say what these extra years will mean for the aviation company beyond 2028, when it originally planned to shutter its 767F program because the plane ...Read more

Globe Photos/ZUNA/TNS

Ivan Boesky, convicted of insider trading in 1980s, Dies at 87

Business / Business News /

Ivan Boesky, who reached the pinnacle of fame and fortune as a high-flying Wall Street arbitrageur in the 1980s only to be exposed as a cheat in the insider-trading scandal that defined the era, has died. He was 87.

The New York Times reported his death, citing his daughter, Marianne Boesky. No details were immediately available.

As junk bonds...Read more


Airbus wins historic order from Saudi Arabia's flagship carrier

Business / Business News /

Airbus SE secured an order for 105 of its narrowbody jets from Saudi Arabia’s flagship carrier as the kingdom pours billions of dollars into turning the country into an aviation and tourism hub.

The deal — which includes 93 A321neos and 12 A320neos — is the largest in Saudia’s 80-year history. The order would have been bigger but the ...Read more

Allison Schrager: Private equity is no place for your nest egg

Business / Business News /

Retirement is expensive. If you’re lucky, yours will last a few decades, and you’ll be earning no or very little income. So if you want to have enough money when you retire, you basically have three options: Save more, take more risk with your investments, or work longer.

Many people find the first and third options undesirable or ...Read more

Target cuts prices on thousands of basic items to lure budget shoppers away from Walmart

Business / Business News /

Target will slash prices on thousands of everyday basics from bread to diapers this summer in an attempt to appeal to cash-strapped consumers.

The Monday announcement comes just a couple days before Target releases its first financials for the year Wednesday. It's also likely a necessary counter to discount rival Walmart, which last week ...Read more

Unsteady EV demand drives tension between suppliers and automakers, survey finds

Business / Business News /

Rising costs and unsteady demand for electric vehicles remain major sources of friction between automakers and their suppliers, according to a new Plante Moran survey examining supplier-automaker relationships.

"The number one tension right now is around the electric vehicle product plans and product cycles," said Dave Andrea, principal in ...Read more

Justin Sullivan/Getty Images of North America/TNS

Red Lobster files for bankruptcy but will stay open

Business / Business News /

Red Lobster has filed for Chapter 11 bankruptcy and leaders plan to seek a buyer for the financially troubled seafood chain based in Orlando.

The bankruptcy, first reported by Bloomberg, came in U.S. District Court in Orlando and will allow the company to continue operating.

In a news release late Sunday, the company said the plan is to “...Read more

Al Diaz/Miami Herald/TNS

Florida leaders offered $3 billion to property insurers. $2.2 billion wasn't claimed

Business / Business News /

TALLAHASSEE, Florida — More than two-thirds of the $3 billion set aside by the Florida Legislature to shore up the state’s collapsing property insurance industry has gone untouched since it first became available in 2022.

Many insurance companies, which asked the Legislature for help, have mostly steered clear of that money. Industry ...Read more

David Joles/Minneapolis Star Tribune/TNS

No one likes shopping for home or auto insurance. Here are tips to make saving less onerous

Business / Business News /

Jay Schleicher has seen his fair share of insurance claims during his career as an agent.

Like when a renter fluffed a blanket and tore down a ceiling sprinkler, flooding their townhome unit with $40,000 in water damage. Or when a homeowner came back from vacation to a wet, stinky basement thanks to a backed-up sewer drain. Earlier this month, ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Cyberattacks on Ascension, Lurie are the latest in a string of health care breaches

Business / Business News /

First, they went after Lurie Children’s Hospital in Chicago.

Next, cybercriminals attacked Ascension, a large nationwide health system with 14 hospitals in Illinois.

In both cases, the hospital systems kept providing care, but took down their electronic health record systems and MyChart online patient portals.

It took more than a month for ...Read more

Vitalij Sova/Dreamstime/TNS

Econometer: Is raising the tariff on Chinese EVs a good move?

Business / Business News /

The Biden administration quadrupled tariffs on Chinese electric vehicles this week in order to protect American automakers.

The tariffs are expected to rise to 100 percent from 25 percent for EVs. There are additional tariffs for critical minerals, solar goods and batteries.

Critics of the EV tariffs say they go against national efforts to ...Read more

Kevin Dietsch/Getty Images North America/TNS

Boeing whistleblower John Barnett died by suicide, coroner rules

Business / Business News /

Boeing whistleblower John “Mitch” Barnett took his own life on March 9, South Carolina authorities reiterated in two reports released Friday. All findings suggest he died from a single, self-inflicted gunshot wound.

Barnett, 62, was found dead in his truck in Charleston, S.C. He was in the midst of giving depositions alleging Boeing ...Read more

Anna Moneymaker/Getty Images North America/TNS

As political storms stir Boeing, board sticks to course -- and Calhoun

Business / Business News /

Boeing’s conspicuous manufacturing woes and the resulting scrutiny from regulators, Congress and the flying public cast a shadow Friday over the company’s annual shareholder meeting.

In his opening speech, Steve Mollenkopf, independent chair of the Boeing board of directors, addressed wounds to the company’s reputation suffered since the ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

UPS, Coke and Home Depot shareholders try to force DEI changes

Business / Business News /

As diversity programs in corporate America face increasing legal challenges, shareholders of three publicly traded Atlanta corporations have demanded changes around diversity, equity and inclusion initiatives.

The moves come after a U.S. Supreme Court ruling in June 2023 effectively ended race-conscious college admissions programs. Nearly 60% ...Read more