Business

/

ArcaMax

Jim West/ZUMA Press Wire/TNS

UAW strike day 11: Talks continue ahead of visits from Biden, Trump

Business / Business News /

Negotiations between the United Auto Workers and Detroit Three automakers on Monday continued ahead of scheduled visits to Michigan from President Joe Biden and former President Donald Trump.

The visits were expected to put an even greater spotlight on the strike, now in its 11th day, against General Motors Co., Ford Motor Co. and Jeep maker ...Read more

Jen Yamato/Los Angeles Times/TNS

Contract deal brings tears of joy to Hollywood writers, and relief to a city scarred by strikes

Business / Business News /

Hollywood writers expressed joy, exhaustion and gratitude Sunday night after the Writers Guild of America and the major studios finally reached a tentative agreement that would end a monthslong strike.

The scribes behind "The Marvelous Mrs. Maisel," "Gotham," "Chicago Fire," "Abbott Elementary" and other titles were quick to celebrate on social...Read more

Allen J. Schaben/Los Angeles Times/TNS

With WGA deal, when will Hollywood finally get back to work?

Business / Business News /

The Writers Guild of America and the major Hollywood studios on Sunday night reached a tentative deal on a new film and TV contract that would end a strike that has lasted nearly five months.

The writers have been on strike since May 2, seeking protections from the ways in which streaming and other industry shifts have threatened their ...Read more

Genaro Molina/Los Angeles Times/TNS

The race is on for more EV charging stations at stores, offices and apartments

Business / Business News /

When city approval of a proposed $350 million skyscraper in downtown Los Angeles was on the line, project manager Hamid Behdad knew he had to give in to the last-minute demand of a planning commissioner to quadruple the number of electric vehicle charging stations in the condominium tower.

"When you are in the heat of the hearing in the last ...Read more

There's room for a pet in your heart, but is there room in your budget?

Business / Business News /

Americans will spend more than $140 billion on their pets this year.

Much of that will go to normal expenses like food, toys and routine checkups, according to the American Pet Products Association. But sometimes Scooby finds his way into mysteries that can lead to eye-popping price tags.

"As anyone with a pet knows, things are going to come ...Read more

Antonio Perez/Chicago Tribune/TNS

Sarah Green Carmichael: The child care 'cliff' is upon us. Look out below

Business / Business News /

Pandemic-era subsidies propping up U.S. childcare providers expire on Sept. 30. About three million children could lose their spots, leading some to call this a “child care cliff.” Women’s participation in the labor force, which as at an all-time high, may fall right off with it.

Instead of a sharp, sudden drop, it’s more likely to be a...Read more

Amazon to invest up to $4 billion in AI startup Anthropic

Business / Business News /

Amazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.

As part of the deal, Anthropic will move most of its software to Amazon Web Services data centers, and use the cloud ...Read more

Getty Images to debut its own artificial intelligence image generator

Business / Business News /

Photography giant Getty Images Holdings Inc. is releasing an artificial intelligence tool that will generate images from the company’s vast content library — an attempt to create AI content free of the copyright and ownership concerns that have plagued the technology so far.

Getty, which holds the rights to millions of photographs, earlier...Read more

Mel Melcon/Los Angeles Times/TNS

WGA, Hollywood studios close to a deal on ending writers' strike, sources say

Business / Business News /

LOS ANGELES — The Writers Guild of America and the major Hollywood studios are closing in on a deal that would end a 145-day strike that has roiled the film and TV business and caused thousands of job losses.

Lawyers for the two sides were haggling over the details of a possible agreement on Saturday during a meeting that began mid-morning, ...Read more

Bill Pugliano/Getty Images North America/TNS

Some Detroit auto show visitors say US workers should follow Canadians' example

Business / Business News /

DETROIT — Visitors to the Detroit auto show Saturday said U.S. autoworkers should follow the example of their Canadian counterparts, and find a way to come to terms with the automakers.

Early Saturday, Unifor, the Canadian autoworkers' union, sadi its new three-year tentative deal with Ford Motor Co. "delivers in a very big way" on members' ...Read more

Mel Melcon/Los Angeles Times/TNS

WGA, Hollywood studios close to a deal on ending writers' strike, sources say

Business / Business News /

LOS ANGELES — The Writers Guild of America and the major Hollywood studios are closing in on a deal that would end a 145-day strike that has roiled the film and TV business and caused thousands of job losses.

Lawyers for the two sides were hammering out the details of a tentative agreement on Saturday during a meeting that began mid-morning, ...Read more

UAW strike day 9: Negotiations continue after strike expansion to other plants

Business / Business News /

YPSILANTI, Mich. — Negotiations between the Detroit Three and the United Auto Workers continue on day nine of a targeted plant strike — one day after the union sent all workers at General Motors Co. and Stellantis NV parts plants nationwide to picket lines.

UAW President Shawn Fain on Friday expanded the union's strike, adding 38 GM and ...Read more

WGA and studios make progress in bargaining session, but no deal yet

Business / Business News /

LOS ANGELES — The Writers Guild of America and major studio representatives met Friday for the third consecutive day, as throngs of film and television screenwriters hit picket lines in a show of solidarity and hope that the sides would reach a deal to end the epic strike that has thrown tens of thousands of people out of work.

Around 8:30 p....Read more

Unifor releases details of new pact with Ford with wage, pension improvements

Business / Business News /

DETROIT — Unifor, the Canadian autoworkers' union, says its new three-year deal with Ford Motor Co. "delivers in a very big way" on members' priorities around pensions, wages and working in the electric-vehicle transition, with top-scale workers poised to see their wages increase more than 19% over the life of the agreement.

The deal includes...Read more

Drew Angerer/Getty Images North America/TNS

With Lachlan Murdoch in charge, Fox Corp. shakes up board of directors

Business / Business News /

A day after Lachlan Murdoch stepped up to take over as sole chairman of Fox Corp., the company is nominating two new members of its board of directors, according to a regulatory filing.

Exiting the board is Anne Dias, who expressed concerns over how the company’s right-leaning talk channel Fox News covered former President Trump in the days ...Read more

Mel Melcon/Los Angeles Times/TNS

Econometer: Should the minimum wage for fast food workers be raised?

Business / Business News /

Most of California's estimated 500,000 fast-food workers would get a $20 minimum wage in 2024 — almost $5 an hour more than the current state minimum wage of $15.50 — if a compromise bill is signed into law by Gov. Newsom. The raise would be lower than a $22 minimum wage that could have been authorized by a Fast Food Council.

Restaurant ...Read more

Stacey Wescott/Chicago Tribune/TNS

The UAW strike expansion could soon impact consumers. Here's how

Business / Business News /

The United Auto Workers' expansion Friday of its historic strike against the Detroit automakers to 38 General Motors Co. and Stellantis NV parts distribution centers nationwide promises to snarl parts deliveries to customers and dealers.

The strategy appeared to be a strategic one by the UAW to avoid further layoffs at assembly and powertrain ...Read more

Yamil Lage/GETTY IMAGES NORTH AMERICA/TNS

Cuba is considering letting Cuban Americans own private businesses on the island

Business / Business News /

UNITED NATIONS — Cuba’s government is considering allowing Cuban Americans to invest in and own businesses on the island, Havana officials told representatives of U.S. companies and Cuban Americans from Miami who met Cuban leader Miguel Díaz-Canel on Friday.

Cuban officials said they are “contemplating it and working on legislation to ...Read more

Carolyn Cole/Los Angeles Times/TNS

California home insurers plan return to fire zones under new deal

Business / Business News /

After a summer that saw many of California's top home insurers pull back from the state market, Insurance Commissioner Ricardo Lara announced Thursday that he struck a deal with the insurance industry to encourage new coverage in the state.

Insurers, Lara said, agreed to return to the high-risk fire zones in the hills and canyons of California ...Read more

Dania Maxwell/Los Angeles Times/TNS

More than 75,000 Kaiser workers in California and elsewhere plan to strike next month

Business / Business News /

Tens of thousands of Kaiser Permanente employees in California and elsewhere plan to go on strike in early October after the healthcare giant and unions that represent a huge swath of the Kaiser workforce failed to reach an agreement this week that resolves concerns about pay, staffing and other issues.

The Coalition of Kaiser Permanente Unions...Read more