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E. Jason Wambsgans/Chicago Tribune/TNS

Nearly 600 United Airlines employees losing their jobs after refusing to get vaccinated; company says vaccination rate at 99%

Business / Business News /

More than 99% of United Airlines’ U.S.-based employees who did not seek a religious or medical exemption from the company’s COVID-19 vaccine mandate got the shots, while 593 who refused to comply will lose their jobs.

Chicago-based United shared the results of compliance with its vaccine requirement Tuesday, its deadline to provide proof ...Read more

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Elizabeth Holmes trial: Lab chief felt 'moral obligation' to blow whistle on Theranos

Business / Business News /

Former Theranos laboratory director Adam Rosendorff felt “obligated from a moral and ethical perspective to alert the public” about the Palo Alto blood-testing startup’s inaccurate test results, he testified Tuesday at the criminal fraud trial of company founder Elizabeth Holmes.

However, under aggressive cross-examination Tuesday ...Read more

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Elizabeth Holmes trial: Lab chief felt 'moral obligation' to blow whistle on Theranos

Business / Business News /

Former Theranos laboratory director Adam Rosendorff felt “obligated from a moral and ethical perspective to alert the public” about the Palo Alto blood-testing startup’s inaccurate test results, he testified Tuesday at the criminal fraud trial of company founder Elizabeth Holmes.

Rosendorff had for months been struggling in vain to get ...Read more

Eric Seals/Detroit Free Press/TNS

Ford workers at 4 new plants won't automatically be UAW members: Here's why

Business / Business News /

Many asked the same question when Ford Motor Co. announced plans for four massive new plants and 10,800 jobs in Kentucky and Tennessee devoted to an all-electric future: Would these be union jobs?

The answer: Maybe.

It all depends on the UAW, headquartered in Detroit, and its organizing skill. As pivotal as this moment is for Ford, so, too, ...Read more

Ford/TNS/TNS

Michigan lost out on Ford's $11.4B EV investment. Here's why

Business / Business News /

Michigan missed out on Ford Motor Co.'s $11.4 billion electric-vehicle assembly and battery plan announced yesterday. That investment and windfall of 11,000 jobs will instead go to Kentucky and Tennessee, raising questions about whether the home of the Motor City can compete effectively for future EV battery projects.

"We are always in ...Read more

Kent Nishimura/Los Angeles Times/TNS

Michael Hiltzik: Few have quit their jobs over COVID-19 vaccine mandates, but thousands have gotten shots

Business / Business News /

As vaccination mandates have spread through the public and private sectors, so too have the threats of mass resignations.

Reports of these pushbacks were always suspect, but lately some hard numbers have emerged.

The bottom line is that the mandates may have provoked a few hundred workers to resign in protest here or there — but they’ve ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Portillo's, preparing to go public, could grow to 600 restaurants nationwide

Business / Business News /

Portillo’s has big plans to take its Italian beef sandwiches, hot dogs and chocolate cake shakes nationwide.

The Oak Brook, Illinois-based fast casual chain, which announced plans to go public earlier this summer, said it believes it could eventually grow from 67 restaurants to more than 600 over the next 25 years, and is “well-positioned ...Read more

Cornell Law School/Cornell Law School/TNS

Crypto's road gets even harder with Biden pick for bank watchdog

Business / Business News /

President Joe Biden may have just dashed any remaining hopes that Washington would warm to cryptocurrencies under his watch.

The White House nominated Saule Omarova last week to lead the Office of the Comptroller of the Currency, all but confirming that U.S. financial regulators will be void of any crypto allies for at least the next three ...Read more

Kirthmon F. Dozier/Detroit Free Press/TNS

Kmart prepares to close last store in Michigan, state where chain began

Business / Business News /

The last Kmart store in Michigan — the birthplace of the once-ubiquitous discount brand — is closing.

The Kmart in Marshall, about a 20-minute drive east of Battle Creek, is preparing to shut its doors by Nov. 21 and is hiring temporary employees to help with the closing, according to job postings and a store associate who answered the ...Read more

Dreamstime/Dreamstime/TNS

Consumer Confidential: You do know that, in most cases, bottled water is just tap water?

Business / Business News /

Since the start of the pandemic, thirsty Americans have drowned their sorrow in bottled water.

Even before the coronavirus blew into all our lives, bottled water was, and has been for years, the No. 1 beverage in the United States, surpassing soft drinks as the choice of increasingly health-conscious consumers.

The COVID-19 pandemic only ...Read more

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Warren says she opposes 'dangerous man' Powell for second term as Fed chair

Business / Business News /

Sen. Elizabeth Warren, pressing Federal Reserve Chair Jerome Powell on his record on financial regulation, said she wouldn’t support him for a second term as head of the U.S. central bank.

“Your record gives me grave concern,” the Massachusetts Democrat said Tuesday during a Senate Banking Committee hearing. “You have acted to make our...Read more

John J. Kim/Chicago Tribune/TNS

As offices push back reopening, coffee shops, shoe repair businesses wait for their 9-to-5 regulars to return

Business / Business News /

CHICAGO — Jen Tee has been going back to her office in the Chicago Loop for a while, but one piece of her pre-pandemic workday ritual was missing until just a couple of weeks ago: a morning stop at Intelligentsia Coffee.

“I’d been asking them, when are you going to reopen?” said Tee, 41, who lives in the Wicker Park neighbohood, ...Read more

Arianne Cohen: Ambitious? Learn what companies actually desire in a CEO

Business / Business News /

Have you ever seen a “Wanted — New CEO: $750,000/yr” job ad? No. They’re not a thing. Corporate searches for chief executives are discreetly handled by headhunting firms in a hush-hush process that has created a longstanding headache for scholars. Until recently, it was nearly impossible for them to know what skills are in demand for ...Read more

Eric Seals/Detroit Free Press/TNS

Ford goes all-in on electric vehicles with massive multibillion-dollar investment

Business / Business News /

Ford Motor Co. on Monday night announced a historic investment in its future that will pump more than $11 billion into manufacturing a strong, dependable supply of essential parts for electric vehicles, creating nearly 11,000 jobs along the way.

This commitment — the single biggest investment in the history of the 118-year-old automaker — ...Read more

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Activision agrees to pay harassment victims in face of lawsuit

Business / Business News /

Activision Blizzard Inc., the videogame giant, agreed to create an $18 million fund for alleged victims of discrimination or harassment after it was sued by the U.S. Equal Employment Opportunity Commission over its workplace practices.

The company also announced in a statement Monday the creation of an initiative to develop software tools and ...Read more

Claire Hannah Collins/Los Angeles Times/TNS

California governor signs bill expanding protections for garment workers

Business / Business News /

Garment workers in California will be paid an hourly rate and receive other new protections under a law Gov. Gavin Newsom signed Monday afternoon.

SB 62, which faced heavy opposition from fashion brands and trade groups, aims to overhaul a pay model for garment workers that has led to subminimum wages in the industry. The law will expand ...Read more

Dreamstime/Dreamstime/TNS

Venezuelan community targeted in alleged $66 million investment scam

Business / Business News /

MIAMI — Owners of a payday loan company targeted members of South Florida’s Venezuelan community in a fraudulent investment scheme that raised more than $66 million, according to the U.S. Securities and Exchange Commission.

The SEC complaint, filed Monday in U.S. District Court in Miami, said Sky Group USA and owner Efrain Betancourt, 32, ...Read more

Dreamstime/Dreamstime/TNS

Creative Artists Agency to buy ICM Partners in landmark deal

Business / Business News /

LOS ANGELES — Century City-based Creative Artists Agency said Monday that it is acquiring ICM Partners for an undisclosed price, in a deal that could transform Hollywood’s talent agency industry.

The transaction, which is subject to regulatory approval, would reduce the number of top agencies to three dominant players: CAA, WME and United ...Read more

Ford Motor Company/TNS/TNS

Alexandra Ford English tapped as global merchandising director at Ford

Business / Business News /

DETROIT — Alexandra Ford English, the great-great granddaughter of the founder of Ford Motor Co., has been tapped to lead an effort to expand the family brand once harnessed by Versace to sell $1,135 hoodies, the automaker announced Monday.

The newly created role of global brand merchandising director puts English, 33, in a position to use ...Read more

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United Air CEO says 98.5% of US employees have been vaccinated

Business / Business News /

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby said Monday that 98.5% of its U.S.-based employees have been vaccinated against COVID-19.

The carrier expects to see vaccine totals “north of 99%” when it tallies final figures for how many employees have complied with its mandate to be vaccinated or face termination.

United...Read more