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Baby formula shortage shows risk of US industry concentration

Business / Business News /

Formula isn’t just for babies. April Crohare desperately needs it for her 14-year-old son, Charlie. Due to medical complications from a rare brain disorder called lissencephaly, his only source of nutrition comes from infant formula through a feeding tube.

The Crohares, who live in Maryland, had relied on Abbott Laboratories’ hypoallergenic...Read more

Dreamstime/Dreamstime/TNS

Is it time to freak out about the stock market and the economy?

Business / Business News /

With inflation surging, the war in Ukraine roiling global markets and the after-effects of the pandemic still clogging supply chains, everyday investors have been jittery. But some had their nerves pushed to the edge this week after the Dow Jones Industrial Average took a swoon on Wednesday of more than 1,100 points, followed by a loss of ...Read more

Angela Weiss/AFP/Getty Images North America/TNS

Michael Hiltzik: Why don't regulators stop Elon Musk from breaking the law?

Business / Business News /

In his takeover adventure with Twitter, it seems more likely than not that Elon Musk has broken the law.

In some respects, his lawbreaking is easily documented. According to Musk's own disclosure, his purchases of Twitter shares brought him to 5% ownership of the company stock on March 14.

Securities law requires that any such holding be ...Read more

Dreamstime/TNS

A worker shortage is driving US nursing homes to the brink of collapse

Business / Business News /

Chippewa Manor’s beds could be full. The nursing and rehabilitation home is seeing plenty of demand from potential patients, after two nearby facilities recently closed. But there’s one problem: There’s no one to care for residents.

Staffing has always been a challenge, but “it’s reached a boiling point” in the last six months, ...Read more

Dreamstime/Dreamstime/TNS

Lawsuit: Tesla autopilot feature accelerated on its own, causing crash

Business / Business News /

A 2017 Tesla Model S sedan on autopilot mode suddenly began to accelerate on its own as it headed toward a highway offramp, ran off the road and crashed into a tree, according to a lawsuit filed by the driver.

Tesla’s autopilot mode, which the electric carmaker claims allows its vehicles to steer, accelerate and brake automatically in their ...Read more

Andrea Renault/AFP/Getty Images North America/TNS

Amazon threatened workers over union vote, labor officials find

Business / Business News /

U.S. labor board prosecutors plan to accuse Amazon.com Inc. of threatening staff that if they unionized it could propose paying them minimum wage and of punishing an employee for seeking a paid Juneteenth holiday.

Unless the company settles, the National Labor Relations Board will issue a complaint, agency spokesperson Kayla Blado said Thursday...Read more

Kent Nishimura/Los Angeles Times/TNS

Georgia's Rivian deal a political wedge near future plant

Business / Business News /

RUTLEDGE, Georgia --- Going into 2022, many voters in rural Walton and Morgan counties expected zoning and spending issues to dominate local government races.

Then came the December announcement of Rivian’s $5 billion electric vehicle plant that has shaken the political landscape around the farms and pine forests an hour east of Atlanta that ...Read more

Grants for restaurants, small businesses blocked in Senate

Business / Business News /

WASHINGTON — Deficit-concerned senators blocked the Senate from considering a $48 billion aid package for restaurants and other small businesses Thursday, likely dealing a fatal blow to a months-long effort to provide a final round of relief for industries that suffered major revenue losses during the pandemic.

The Senate did not invoke ...Read more

Ron Sachs/Sipa USA/TNS

Governance dominates corporate shareholder votes, ahead of environmental, social issues

Business / Business News /

Governance proposals heavily dominate annual shareholder meetings despite activist investors’ concerns about material risks from environmental and social issues, according to an analysis from a financial think tank.

The number of proposals submitted globally at annual shareholder meetings increased by over 80 percent since 2012, to nearly 12,...Read more

Dreamstime/Sun Sentinel/TNS

Real estate Q&A: Are homeowners who want to paint bound by obsolete rules?

Business / Business News /

Q: The guidelines in our homeowners association have not been revised for decades. A question came up about exterior paint colors. Are the homeowners still bound by the most recent, although antiquated, guidelines? — Ken

A: If the rules and guidelines were valid back then and nothing invalidated them, they are still enforceable.

Community ...Read more

Joe Cavaretta/South Florida Sun Sentinel/TNS

Spirit urges shareholders to reject JetBlue's hostile bid

Business / Business News /

JetBlue Airways’ hostile takeover bid for Spirit Airlines took a bitter turn on Thursday as the board of directors of the South Florida-based discount carrier urged its shareholders to spurn the offer.

In a statement, the board accused Spirit’s New York-based rival of making “inaccurate statements and mischaracterizations” about Spirit�...Read more

Dreamstime/Dreamstime/TNS

Diesel's 100% surge and scarcity deny farmers their 'lifeblood'

Business / Business News /

Farmers from Iowa to Ukraine are grappling with surging diesel prices and an unsteady supply, forcing them to spend unprecedented sums on fuel in a chaotic market and raising concerns about the autumn harvest.

In the U.S., where corn and soybean producers are rushing to sow after rains and cold temperatures forced delays, filling a tractor ...Read more

Christopher Furlong/Getty Images North America/TNS

Motormouth: Gas stations of the future

Business / Business News /

Q: As the car market transitions to more electric vehicles, what will traditional car service stations do since all the service needed by internal combustion engines will be replaced by a big battery?

M.N., New Richmond, Wisconsin

A: One of the scenarios is that stations may become hybrids themselves, selling gas and electrons. Since ...Read more

Irfan Khan/Los Angeles Times/TNS

Disney labels rainbow merchandise 'Pride Collection' for the first time: 'This is how it's done!'

Business / Business News /

For years, Walt Disney Co. has courted LGBTQ+ visitors to its theme parks, selling rainbow-colored souvenirs and hosting groups that organize annual "Gay Days" celebrations.

But Disney this week started marketing and promoting merchandise under the name "Pride Collection" for the first time, a big branding move for a company that has become a ...Read more

Ivy Ceballo/Tampa Bay Times/TNS

So how do you go from being an engineer to a Tampa Bay Ben & Jerry's bigwig?

Business / Business News /

TAMPA, Florida — Eric Taylor seemed to have his life figured out: College (check), start his career as an engineer (check), get a good job with good pay at a good company (check, check and check.)

Then his cousin and childhood friend Antonio McBroom reached out from his college job at a Ben & Jerry’s ice cream shop in North Carolina — and...Read more

SAUL LOEB/AFB/TNS/TNS

Michael Hiltzik: A lengthy list of Trump's disastrous business deals -- compiled by his newest business partners

Business / Business News /

Donald Trump's business history has been so filled with disastrous ventures that it's been hard to keep track of them all.

No longer. Digital World Acquisition Corp., which is the special purpose acquisition company, or SPAC, taking Trump's "Truth Social" media platform public, has conveniently listed them in a document it is required to file ...Read more

Brant Sanderlin/The Atlanta Journal-Constitution/TNS

Savannah port has record April as some ships switch from West Coast

Business / Business News /

The Port of Savannah had its busiest April on record, handling nearly a half-million 20-foot containers — nearly one of every nine passing through an American port, according to officials at the Georgia Ports Authority.

That trade activity — the third-busiest month the port has ever had — came despite gaps in global shipments caused by ...Read more

Andrei Gabriel Stanescu/Dreamstime/TNS

After prospering in the pandemic, Target is now a symbol of inflation's impact

Business / Business News /

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

The Minneapolis-based retailer's latest quarterly profit was halved compared to a year ago as it contended with higher costs and changes in shopping habits, news that spooked investors fearing ...Read more

Dreamstime/Dreamstime/TNS

Fights over contract, long hours divide cinematographers' union

Business / Business News /

LOS ANGELES — Rebecca Rhine recently announced that she would be stepping down as national executive director of the International Cinematographers Guild when her contract expired in September.

In a letter to colleagues, Rhine cited her concerns about mistrust and infighting within Local 600 of the International Alliance of Theatrical Stage ...Read more

Eduardo Contreras/San Diego Union-Tribune/TNS

Stone Brewing settles trademark lawsuit with rival craft brewery over 'Keep It Juicy' tagline

Business / Business News /

Stone Brewing has settled a trademark lawsuit brought by North Carolina craft beer maker Sycamore Brewing over the catch phrase "Keep It Juicy" — with both sides walking away without paying damages.

The settlement came last week, shortly after Stone Brewing filed a countersuit against Sycamore calling its legal action a "sham." The Escondido,...Read more