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Delta hiring thousands of flight attendants as air travel rebounds

Business / Business News /

Delta Air Lines is taking applications for flight attendant positions, with plans to hire 4,000-6,000 in-flight crew members next year.

As Atlanta-based Delta staffed back up for a recovery in air travel, the airline said it hired a record 4,300 flight attendants over the last year.

The company is again opening its flight attendant hiring ...Read more

Todd McInturf/The Detroit News/TNS

UAW election: Challenger for president gains early lead, Region 1 poised for new director

Business / Business News /

Early unofficial results in the United Auto Workers' first-ever direct elections of international officers confirmed that at least one runoff will occur, and showed numerous challengers to incumbent union officials ahead.

Vote tabulation began Tuesday. Turnout numbers released by the court-appointed monitor tasked with overseeing the union, as ...Read more

Stephen M. Dowell/Orlando Sentinel/TNS

Disney workers rally for better pay as unions bargain new contract

Business / Business News /

If it weren’t for the assistance of their parents, Disney World worker Amethyst Bennett said she and her husband, a Universal employee, would be unable to afford formula and diapers for their 9-month-old daughter despite both working full-time.

Bennett, 28, held a sign that read, “Full-Time Can’t Buy Formula” as she took turns pushing ...Read more

Paul Brady/Dreamstime/TNS

Fed will work to reduce inflation 'until the job is done': Board governor

Business / Business News /

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

The job will be done when the Fed's preferred measure of increasing prices is at the central bank's 2% target. Presently, it's ...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

Dow climbs 20% from low as stocks rally and inflation fears ebb

Business / Business News /

U.S. stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling U.S. inflation raised hopes that the central bank will become less aggressive on interest-rates hikes.

The surge in the oldest of Wall Street...Read more

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Mortgage rates drop to lowest level in almost two months

Business / Business News /

Mortgage rates have dropped for the third week in a row, sending some relief to potential homebuyers.

The average 30-year fixed rate for a mortgage reached 6.49%, following a few weeks of decreases from the record highs of over 7% seen last month, according to the Mortgage Bankers Association.

“Mortgage rates declined again last week, ...Read more

Media layoffs mount as CNN announces it will make cuts this week

Business / Business News /

CNN employees are in for a rough week as the news network's chief, Chris Licht, told staff to prepare for a round of layoffs.

The cuts have been anticipated as CNN parent Warner Bros. Discovery is looking for cost reductions across the company as it tries to bring down debt.

Like the rest of the traditional TV business, CNN is also looking at...Read more

Ron Adar/SOPA Images via ZUMA Press Wire/TNS

Amazon Studios boss Jennifer Salke will now also run MGM Studios

Business / Business News /

LOS ANGELES — Amazon Studios is giving its studio chief Jen Salke a much larger Hollywood role.

In addition to running Culver City-based Amazon Studios, Salke has been tapped to oversee the iconic MGM Studios, which Amazon acquired in March for $8.5 billion.

In her newly expanded role, Salke will now oversee MGM's scripted television and ...Read more

Fresh off big Senate wins, Unite Here leader thinks even bigger

Business / Business News /

“It was a graveyard before the union,” Malcom McCombs said as his Senate cafeteria colleagues nodded.

McCombs was seated in a corner of the cafeteria in the Dirksen Building basement with four other members of Unite Here Local 23, talking about what’s changed since his workplace organized and reached a collective bargaining agreement last...Read more

US job openings fall to 10.3 million in hopeful sign for Fed

Business / Business News /

U.S. job openings fell in October, reversing a surprise jump in the prior month, in a hopeful sign for the Federal Reserve as it seeks to curb demand across the economy.

The number of available positions decreased to 10.3 million in October from 10.7 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or ...Read more

Al Seib/Los Angeles Times/TNS

Green factories are changing minds in more conservative US states

Business / Business News /

At least $25.7 billion in new US clean-energy factories are in the works, thanks in part to the generous subsidies in President Joe Biden’s landmark climate law. Most of these projects — and the jobs that come with them — are in traditionally conservative states.

In Dalton, Georgia, green energy hasn’t been a priority. Its Congressional...Read more

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Layoffs mount: Twitter, tech, biotech firms chop 900-plus Bay Area jobs

Business / Business News /

SAN JOSE, California — Twitter and other companies have unveiled plans to chop more than 900 Bay Area jobs in a fresh round of tech and biotech layoffs that could jolt the region’s increasingly wobbly economy.

In recent days, plans for 913 tech and biotech job cuts — including hundreds more at Twitter — have been revealed in official ...Read more

Ruko/Ruko/TNS

Tech review: Ruko drone is easy to fly and makes beautiful videos

Business / Business News /

I’m a huge fan of helicopters.

If there’s a helicopter flying where I can see it, I usually stop and watch it.

As a kid, one of my favorite Christmas presents was called the Vertibird, which was a toy helicopter with a real set of blades that turned. The chopper was attached with a long cable to a base with a motor. The Vertibird flew in a...Read more

Justin Sullivan/Getty Images North America/TNS

Should California tax oil profits? Gas spike hearing sets stage for contentious debate

Business / Business News /

SACRAMENTO, California — Consumer advocates and oil industry representatives launched opening salvos Tuesday in a bitter debate over whether oil companies are “price gouging” drivers or are themselves actually the victim of California’s green policies squeezing out fossil fuel industries.

The California Energy Commission convened the ...Read more

A new, unknown company gets key role at 38 Pennsylvania nursing homes and 7 in NJ

Business / Business News /

When one of the biggest owners of Pennsylvania nursing homes, Welltower Inc., announced this month that new companies would take over the day-to-day management at 147 nursing homes in 15 states, it was no great surprise.

The nonprofit ProMedica Senior Care, the current operator of the Welltower nursing homes, including 38 in Pennsylvania and ...Read more

Genaro Molina/Los Angeles Times/TNS

This Inglewood carwash paid workers $7 an hour, state officials say. The penalty: Over $900,000

Business / Business News /

In the latest crackdown against wage theft in Southern California, state officials said Tuesday they would penalize an Inglewood carwash operator more than $900,000 for paying workers far below the minimum wage and denying them overtime and rest breaks.

Over a three-year period that ended in 2021, Shine N Brite carwash paid 15 workers a daily ...Read more

Mario Tama/Getty Images North America/TNS

Michael Hiltzik: Greedy railroads are to blame for rail strike threat. Why should Congress help them?

Business / Business News /

The prevailing take on the looming national rail crisis is that a few recalcitrant railroad unions are poised go on strike Dec. 9, provoking an industrywide labor walkout that would inflict a "crippling" blow to the U.S. economy.

The quoted word comes from President Biden, who on Monday called on Congress to impose a contract on the workers and...Read more

Dreamstime/Dreamstime/TNS

Motormouth: Warranty woes

Business / Business News /

Q: I have a 2008 Chrysler Town and Country that I purchased new. I also purchased the Chrysler Lifetime Maximum warranty. The ABS, BRAKE, ESP/BAS, ANTI-SKID warning lights came on. My dealership inspected the vehicle and tried to order a new sensor. They notified me that one was not available, either new or aftermarket. This was why I purchased ...Read more

Home prices drop for third straight month as US market cools

Business / Business News /

The U.S. housing market pulled back even more in September, with prices slipping 1.2% from a month earlier.

It was the third straight decline for the seasonally adjusted measure of prices in 20 large US cities, according to the S&P CoreLogic Case-Shiller index.

The housing market suddenly started to cool this year, driven in part by higher ...Read more

Justin Sullivan/Getty Images North America/TNS

Cyber Monday sales on track to break record despite US inflation

Business / Business News /

U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.

Spending increased 5.8% from a year ago, making it the biggest online shopping day ever, according to Adobe Inc., which compiles the data. Adobe adjusted its online spending forecast for November and December ...Read more