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Elon Musk tells off Disney's Iger, other fleeing advertisers in Dealbook interview

Business / Business News /

Stung by an advertiser boycott and accusations of antisemitism, Elon Musk didn't hide his hurt feelings in an onstage interview at the New York Times' DealBook Summit conference.

"Go f— yourself," he said to the advertisers who have fled social media platform X, formerly Twitter.

Then, apparently addressing Disney chief executive Bob Iger in...Read more

Richard Tribou/Orlando Sentinel/TNS

With Puerto Rico market in mind, Norwegian Cruise Line christens new ship Viva

Business / Business News /

MIAMI — Norwegian Cruise Line dropped the balloons and smashed the champagne to christen its newest ship Norwegian Viva with the help of ship godfather and Latin music star Luis Fonsi, who as a Puerto Rican native praised the company’s decision to send its new ship to the island for its first winter season.

“Viva is homeporting in San ...Read more

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MyPillow CEO Mike Lindell hires outside law firm to defend against defamation suits

Business / Business News /

MyPillow and its CEO, Mike Lindell, have hired a new law firm to defend them in election-related defamation cases after Lindell's attorneys withdrew from the cases this fall, citing millions in unpaid fees.

Lindell told a federal judge in Colorado on Tuesday morning he expects Virginia-based McSweeney Cynkar & Kachouroff to formally join his ...Read more

Robin Buckson/The Detroit News/TNS

This road in Detroit is the first in the country to charge an EV, project leaders say

Business / Business News /

DETROIT — A new quarter-mile stretch of road in Detroit can charge electric vehicles as they zoom down the street — a first in the nation, according to project leaders.

The Michigan Transportation Department and city of Detroit on Wednesday opened the segment on 14th Street between Marantette and Dalzelle streets near Michigan Central ...Read more

John Smierciak/Chicago Tribune/TNS

US Steel closes Illinois furnace 'indefinitely,' warns 1,000 of layoffs

Business / Business News /

GRANITE CITY, Illinois — The last operating blast furnace at U.S. Steel's plant in Granite City will remain idled indefinitely, the company said Tuesday, extending a closure first billed as temporary.

The company on Tuesday also notified 600 additional employees that they might lose their jobs.

U.S. Steel spokeswoman Amanda Malkowski, ...Read more

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Chevy Tahoe/Suburban: More tech, more screen, more engine choices

Business / Business News /

WARREN, Michigan — For its 12th generation in 2021, the Chevy Suburban (and sister Tahoe) mega-SUV went to the gym. In a complete body makeover, the pickup truck-based twins shed 300 pounds, gained 10 inches of length, an off-road Z71 model, and acres of interior room thanks to a space-saving independent rear suspension.

For their mid-product...Read more

Jose M. Osorio/Chicago Tribune/TNS

Groupon is downsizing once-massive Chicago headquarters

Business / Business News /

Struggling online marketplace Groupon, whose massive River North headquarters were once the nexus of the Chicago tech ecosystem, is moving to the Loop and downsizing to a 25,000-square-foot space in the Leo Burnett building.

In January, Groupon will make the 25th floor of 35 West Wacker Drive its new Chicago home on a 22-month sublease from ...Read more

Daniel Mears/The Detroit News/TNS

UAW organizing campaign seeks to double autoworker membership

Business / Business News /

The United Auto Workers on Wednesday said its new organizing campaign seeks to double its auto industry membership.

The campaign that the union describes as an "unprecedented" effort targets autoworkers at more than a dozen non-union automakers. That would encompass nearly 150,000 non-union autoworkers. The Detroit-based union has 146,000 ...Read more

Gary Coronado/Los Angeles Times/TNS

Adjunct film professors at USC move to unionize: 'Enough is enough'

Business / Business News /

Adjunct professors at the University of Southern California's prestigious film school are moving to unionize in pursuit of higher pay, benefits, better working conditions, expanded career opportunities and other demands.

The college's Adjunct Faculty Alliance-UAW announced that its colleagues at the USC School of Cinematic Arts will march ...Read more


Detroit Three fail to make top 10 in new Consumer Reports reliability study

Business / Business News /

The Detroit Three automakers once again had a subpar performance in the latest Annual Auto Reliability study from Consumer Reports.

Bested by the Asian automakers, not one Detroit Three brand made the top 10 in the study, which was released Wednesday during an online press conference with the Automotive Press Association.

The top five brands ...Read more


In reversal, GM considers bringing back hybrid options for North American market

Business / Business News /

After years of pushing forward on its all-electric path, General Motors Co. is now reviewing whether to bring hybrid vehicle options back to vehicles it sells in the North American market.

The potential strategic reversal would be a dramatic move by GM. The Detroit automaker has championed plans for an all-electric fleet even as such rivals as ...Read more

Amanda Rabines/Orlando Sentinel/TNS

Black Friday sales signal tough holidays for US retailers

Business / Business News /

For retailers and brands that rely on Black Friday the most, the day was a dud.

That’s a troubling sign for these chains and a U.S. economy that needs consumers to keep upping their spending to avoid a recession. It also increases the risk that the remainder of the holiday shopping season will be disappointing, forcing retailers to offer more...Read more

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US economy grew 5.2% in third quarter, more than first estimated

Business / Business News /

The U.S. economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward revisions to business investment and government spending.

Gross domestic product rose at an upwardly revised 5.2% annualized pace in the third quarter, the fastest in nearly two years. Consumer spending advanced at a less-robust 3.6% ...Read more


GM says UAW strike cost $1.1 billion, reinstates full-year guidance

Business / Business News /

After losing an estimated $1.1 billion in operating profit during the United Auto Workers' 46-day strike, General Motors Co. is reinstating a full-year guidance of $11.7 billion $12.7 billion in operating profit, the company said Wednesday.

GM also announced a $10 billion accelerated share repurchase (ASR) program and that it intends to ...Read more

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QVC helped pioneer shopping from home. Here's how the company is changing -- and competing against TikTok

Business / Business News /

From its sprawling, 1,500-worker studio headquarters in Chester County, Pennsylvania, QVC and its affiliates developed home-shopping TV, packing channels for more than 30 years with live hosts and celebrities pitching clothing, kitchen goods, electronics, jewelry, and many other products to millions of viewers and filling their orders from ...Read more

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Minnesota turkey farmers say expanded rural broadband could help detect bird flu sooner

Business / Business News /

KENSINGTON, Minnesota — Just over 5 miles from where folklore has long claimed Vikings scribbled Scandinavian etchings on a runestone, Erica Sawatzke surveys thousands of chirping baby birds in her long barn.

Automatic feed and water lines hum. A monitoring system — hooked up to a landline — alerts Sawatzke's phone when barn temperatures,...Read more

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Michael Hiltzik: The crypto scam is on life support. Why are some lawmakers trying to give it CPR?

Business / Business News /

For crypto, November has been the cruelest month.

Things got started with a blast Nov. 2, when scam artist Sam Bankman-Fried was convicted on seven fraud and conspiracy counts related to his management of the once-upward scuttling crypto exchange FTX.

Matters didn't get any better after that. On Nov. 20, the Securities and Exchange Commission ...Read more


Tech review: More gadget gift ideas for the holidays

Business / Business News /

Black Friday and Cyber Monday are over, but the holiday shopping season is still in full swing.

Here are three more gadgets I’ve been reviewing that I think would make nice gifts.

The prices listed here are manufacturers suggested retail pricing, and you may find them cheaper when you shop.

Laifen Swift High-Speed Hair Dryer

You probably ...Read more


Motormouth: Tips to avoid salt corrosion

Business / Business News /

Q: We live part time on the East Coast, close to the ocean. The exposure to salt air accelerates corrosion. Do you have any suggestions on what we can do to minimize this? Also do you have any suggestions on vehicles that may be more corrosion resistant?

H.S., Chicago

A: Run it through a carwash that offers an undercarriage wash—even if it ...Read more

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Cargill speeds up timeline to end deforestation in Brazil. Will it be enough?

Business / Business News /

Agribusiness giant Cargill on Monday moved forward a goal to eliminate deforestation and land conversion from both direct and indirect supply chains in key South American countries, including Brazil, by five years.

The announcement impacts vital commodities — soy, corn, wheat and cotton — and came just days before the start of COP28, the ...Read more