GM, Ford CEOs push EV credits and chip funding at White House

Business / Business News /

General Motors Co. CEO Mary Barra and Ford Motor Co. CEO Jim Farley urged passage of President Joe Biden's social safety net and climate policy bill at the White House Wednesday.

Barra and Farley attended a meeting with Biden, eight other CEOs and administration officials to discuss how the president's agenda would help their businesses and the...Read more

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Abbott sold $2.1 billion worth of rapid COVID-19 tests in the last three months of 2021

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As people across the country continue to grab at-home, COVID-19 tests off store shelves, Abbott Laboratories — the maker of one of the most popular of those tests — reported a stellar fourth quarter and financial year.

The north suburban-based company, which makes the BinaxNOW test and others, sold $2.1 billion worth of rapid COVID-19 tests...Read more


Internet provider RCN is rebranding itself as Astound

Business / Business News /

If you're an RCN cable customer, you'll soon see a new name on your monthly bill.

The Princeton-based TV and internet provider, which serves customers in parts of the Philadelphia and Lehigh Valley regions, is rebranding itself as Astound Broadband. The new name will put RCN and its sister regional services under one national brand after ...Read more


Selfie wars: Museum of Selfies sues Miami's Original Selfie Museum, claiming rival stole its trademark

Business / Business News /

As if there weren’t enough places in South Florida to take selfies — not enough beaches, not enough gleaming high-rises, not enough colorful restaurants, nightclubs, yachts, mansions and luxury shopping promenades.

No, what South Florida apparently needed for young folks to fully capture for posterity their shimmering fabulousness was an ...Read more

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GM to fill 400 software jobs in defiance of the Great Resignation

Business / Business News /

General Motors is looking to recruit the top software developers around the world this year.

GM will hire 300 to 400 software specialists as it builds its Ultifi platform and designs in-vehicle apps and other technology for it.

Ultifi is GM's software platform that will support future apps and services to customers over the air in both ...Read more

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Hoping to beat back inflation, Fed prepares to raise interest rates in March

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After downplaying the threat of inflation through most of last year, the Federal Reserve struck a more hawkish tone Wednesday as it signaled readiness to raise interest rates in March and take other aggressive actions to combat high prices endangering the nation's economic health.

With inflation running at its highest level in four decades, Fed...Read more


Ford launches pilot program to equip California winegrowers with EVs, software services

Business / Business News /

SEBASTOPOL, California — Ford Motor Co. on Wednesday announced the launch of a pilot program that will equip winegrowers in northern California with electric pickup trucks, cargo vans and software services in a bid to boost EV and technology adoption among farmers and other commercial customers.

The automaker also announced the launch of Ford...Read more

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Boeing reports net loss in 2021 as cost of 787 delivery halt soars to $5.5 billion

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Boeing said Wednesday that the cost of the prolonged halt to deliveries of its 787 Dreamliner widebody jet has soared to $5.5 billion.

Executives delivering news of the deep fourth-quarter financial losses announced no end in sight for the unprecedented 787 delivery stoppage due to manufacturing quality issues.

There was also a separate $402 ...Read more


Susan Tompor: Credit card interest rates will jump as feds try to cool demand, drive down inflation

Business / Business News /

The Federal Reserve is on a mission to cool off demand and drive down inflation. And yes, you're going to face higher interest rates on your credit cards as a result.

Fed rate hikes tend to be passed along to credit cardholders within a month or two. If the Federal Reserve makes its first move to raise short term rates at its next policy ...Read more


Tech Q&A: Keep copies of data on your computer and in the cloud

Business / Business News /

Q: I don't like it when Dropbox, Microsoft OneDrive and Google Drive take data off my computer and store it online instead. How can I get my data back without losing anything?

—Dan Behnke, Eau Claire, Wisconsin

A: While it may look as if the online services took data off your PC and transferred it to the cloud, I don't think they really did....Read more

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Jimmy Fallon hyped his Bored Ape NFTs on 'The Tonight Show.' Conflict of interest?

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From actors to athletes to influencers, celebrities can't seem to stop talking about their enthusiasm for all things crypto. Never one to sit out a trend, on Monday, "The Tonight Show" host Jimmy Fallon was eager to show off his acquisition of a pricey digital collectible — even if it meant flouting an ethics policy that governs most ...Read more


Motormouth: Is it normal to make cold car warm up?

Business / Business News /

Q: I own a 2017 Nissan Rogue that has 56,000 miles on it. Whenever the temperature gets below 25 degrees, the car won't up-shift out of what seems like fourth gear until the engine warms up. The colder it is, the longer it takes, sometimes up to two miles. Is this normal for this car? The dealer service person said to let the car warm up before ...Read more

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Boeing's bet on jet-building frenzy rests on fragile suppliers

Business / Business News /

For Boeing Co., the pandemic was just one item on the long list of its existential concerns over the past four years. But after a talent exodus, the twin tragedies of its 737 Max jets falling from the sky, and stiff competition from rivals (on top of COVID’s blow to air travel), the company is gearing up for a production resurgence that will ...Read more

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Georgia Ports broke cargo records in 2021

Business / Business News /

The Port of Savannah has dramatically boosted its ability to handle cargo over the past year, making improvements that should clear up some supply chain issues by mostly eliminating the lines of ships waiting to unload.

In the early fall, at any given time, more than 30 vessels were lined up, waiting to unload imports and load exported goods. ...Read more

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Employees at 2 more Seattle Starbucks locations plan to unionize

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Employees at two more Seattle Starbucks locations hope to unionize, expanding the nationwide union push in the coffee giant's hometown.

Starbucks workers at a drive-thru location on Westlake Avenue and the store at Fifth Avenue and Pike Street said Tuesday they have filed for union elections. They join a store in the Capitol Hill neighborhood, ...Read more


One of the world's largest wine industry events begins in Sacramento -- with no wine tastings

Business / Business News /

SACRAMENTO, Calif. — One of the largest wine industry trade shows in the world began Tuesday in Sacramento. But a key feature of the festivities will be largely missing: wine tasting.

Because of COVID-19 concerns, organizers of The Unified Wine & Grape Symposium — Sacramento's largest convention — have scrapped Tuesday's opening night ...Read more

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Ford updates COVID-19 mask requirement for US office, factory workers

Business / Business News /

DETROIT — Ford Motor Co. has revised pandemic-related mask requirements for its U.S. office and factory workers, and the company notified employees Monday, the Free Press has learned.

"The safety of our workforce is our top priority," said Kelli Felker, Ford global manufacturing and labor communications manager.

"We have updated our COVID ...Read more

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SEC's Peirce says agency guidance on nonfungible tokens needed

Business / Business News /

The growth of so-called nonfungible tokens has at least one Securities and Exchange Commission member thinking the agency needs to release guidance on the digital assets this year.

Commissioner Hester Peirce, a cryptocurrency supporter, said such guidelines would help the public understand the agency’s thinking.

“As a regulator, I mean it�...Read more

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Burritos, inflation and privilege: As food costs rise in Chicago, a social media uproar highlights who really bears the brunt

Business / Business News /

For a brief moment over the weekend, west suburban Hinsdale became the center of an internet viral moment involving inflation, burritos, wealth and privilege.

The scorn of social media users was focused on the lead anecdote of a Friday New York Times article about food inflation: A Hinsdale stock options trader voiced his annoyance with an ...Read more


Free N95 masks available at Meijer stores across Midwest

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Meijer will be providing free N95 masks to store customers across the Midwest to help limit the spread of COVID-19 amidst a record-breaking surge in infections and hospitalizations.

Customers can pick up three masks each at store entrances, where a Meijer greeter will be distributing them.

The chain said Monday that it received around 3 ...Read more