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Tyger Williams/The Philadelphia Inquirer/TNS

Vanguard CEO Buckley to retire by year-end, search underway

Business / Business News /

Vanguard Group Inc. said its chief executive officer, Tim Buckley, will retire by year-end after more than three decades at the investment giant.

The Valley Forge, Pennsylvania firm’s board has initiated a wide search for its next CEO, according to a statement Thursday. Vanguard said Chief Investment Officer Greg Davis has been named ...Read more

Myung J. Chun/Los Angeles Times/TNS

Newsom's office calls allegations about Panera Bread franchisee 'absurd,' says company is not exempt from law

Business / Business News /

Gov. Gavin Newsom's spokesperson refuted a Bloomberg News story that alleged the governor pushed to exempt bakeries from the state's fast food wage law to benefit a political donor who owns Panera Bread restaurants, calling the report "absurd."

The Bloomberg story published this week alleged that Greg Flynn, a billionaire CEO of a restaurant ...Read more

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Group's 'greenest' car is a Toyota hybrid while Hummer EV lands near the bottom

Business / Business News /

The Toyota Prius Prime plug-in hybrid is the “greenest” car you can buy in the United States, beating out electric-only vehicles, while the GMC Hummer EV is among the least environmentally-friendly on the market, according to a new report from the American Council for an Energy-Efficient Economy.

Of the top 12 greenest cars the research ...Read more

Clarence Tabb Jr./The Detroit News/TNS

UAW board removes secretary-treasurer from department roles over alleged violations

Business / Business News /

The United Auto Workers' International Executive Board has removed Secretary-Treasurer Margaret Mock from overseeing some departments for allegedly abusing her authority and violating union policies, according to a UAW caucus that supported Mock.

The United All Workers for Democracy Steering Committee, which endorsed Mock in the 2022 IEB ...Read more

Ellen M. Banner/The Seattle Times/TNS

Engineering union and Boeing face off in fraught pilot contract dispute

Business / Business News /

In fraught negotiations over a new contract for a group of 23 technical and safety pilots, Boeing has filed an unfair labor practice complaint against its engineering union while the union raised the level of acrimony Thursday by publicly blaming a skewed company safety culture for blocking progress.

The affected group, based at Boeing Field, ...Read more

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More layoffs coming at Best Buy after sales slump continued during holidays

Business / Business News /

The holidays continued a tough streak for Best Buy, with an expected sales decline and the start of a restructuring that includes layoffs.

The Minnesota-based retailer reported Thursday morning its ninth consecutive quarterly sales decline, with comparable sales in the fourth quarter down 4.8%. Still, the results were better than what analysts ...Read more

Joe Raedle/Getty Images North America/TNS

Anheuser-Busch InBev sales in North America dropped by $1.5 billion last year amid Bud Light slump

Business / Business News /

Sales at Anheuser-Busch InBev decreased by about $1.5 billion in North America last year amid a tumultuous year for its premier product, Bud Light, the company said Thursday during an earnings call.

North American sales decreased to $15.1 billion from $16.6 billion one year earlier as sales to wholesalers and retailers like liquor stores ...Read more

Aric Crabb/Bay Area News Group/TNS

Paw-friendly? Proposed bill would prevent California landlords from banning pets in rentals

Business / Business News /

In California’s tight rental market, apartment hunting is a daunting task. For pet owners, the options are even fewer.

But a bill proposed in the California State Assembly this year could make it easier for those with furry friends to find a place to rent.

The bill, AB 2216, would prohibit blanket bans of pets in rentals and allow landlords ...Read more

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Conor Sen: Need to sell your house? It's time to hustle

Business / Business News /

If you need to sell your home in the next few months, I’d get on with it. As we enter the spring selling season, it’s becoming increasingly clear that the period during which sellers had the leverage in the housing market is over.

The surge in mortgage rates last year led most potential sellers to hold onto their homes and their rock-bottom...Read more

Al Seib/Los Angeles Times/TNS

Northrop Grumman could eliminate as many as 1,000 jobs in Southern California

Business / Business News /

Defense contractor Northrop Grumman Corp. has told its employees that it could cut as many as 1,000 jobs in Southern California.

The affected employees are part of the company's space sector and work at facilities in Redondo Beach, Manhattan Beach and Azusa. The company said it is working to match those employees with other, existing jobs ...Read more

Don't call it a cyberattack: Nevada Gaming Control Board gives security update

Business / Business News /

The Nevada Gaming Control Board said Wednesday an investigation has confirmed that no personal information was accessed or acquired by any unauthorized persons as a result of a cybersecurity incident in late January.

But the state’s gaming industry regulator stopped short of calling the incident a cyberattack and did not indicate if ...Read more

K.M. Cannon/Las Vegas Review-Journal/TNS

Gen Z is in the real estate business -- and has thoughts on its future

Business / Business News /

Technological advancements in social media marketing, artificial intelligence and online listings will drive the future of real estate, but making in-person connections will remain integral to the industry, according to Las Vegas-area Generation Z real estate agents getting started in the business.

“I think there is going to be a big step ...Read more

Real estate Q&A: What's a Lady Bird deed?

Business / Business News /

Q: I am hearing more about Lady Bird deeds. What are they, and what are their pros and cons? — Arnie

A: Deeds that create an enhanced life estate, which are often called “Lady Bird deeds,” are becoming increasingly popular estate planning tools.

When a life estate is created, a property owner, called the “grantor,” deeds the property...Read more

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Problems at Mattel: Despite 'Barbie' success, its stock is a dud. Now an activist investor is circling

Business / Business News /

If "Barbie" is awarded best picture at next month's Academy Awards, it would only crown what has been an unprecedented moment for the world's No. 1 selling doll.

The glossier half of the "Barbenheimer" sensation not only brought in nearly $1.5 billion at the global box office, but also renewed the cachet of a toy old enough to be Medicare ...Read more

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Business owners face unique challenges when going through a divorce. Here's what you should know

Business / Business News /

Although research varies, it is estimated that anywhere between 40% and 50% of marriages end in divorce. A divorce can be emotional, painful — and expensive. And if you’re running a small business, it could have a significant impact on your cash flow.

If you own a small business, here are few things to consider:

Get your books in order

...Read more

Anna Buchmann/The Sacramento Bee/TNS

Kaiser expects to launch construction of new San Jose hospital in 2025

Business / Business News /

SAN JOSE, Calif. — A brand-new Kaiser hospital in San Jose could begin construction next year, the centerpiece of the healthcare organization’s plans to replace a 50-year-old medical center and revamp an adjacent campus.

Kaiser Permanente plans to develop a modern hospital at its south San Jose medical campus, documents on file with San ...Read more

Al Seib/Los Angeles Times/TNS

Northrop Grumman could eliminate as many as 1,000 jobs in Southern California

Business / Business News /

Defense contractor Northrop Grumman Corp. has told its employees that it could cut as many as 1,000 jobs in Southern California.

The affected employees are part of the company's space sector and work at facilities in Redondo Beach, Manhattan Beach and Azusa. The company said it is working to match those employees with other, existing jobs ...Read more

Joe Raedle/Getty Images North America/TNS

Anheuser-Busch reaches tentative labor deal with Teamsters, narrowly avoiding brewery strike

Business / Business News /

ST. LOUIS — Anheuser-Busch narrowly dodged a walkout of thousands of brewery workers Wednesday, reaching a tentative labor agreement one day before the Teamsters union’s strike deadline.

The groups reached a deal Wednesday evening following a bargaining session in Washington, D.C.

“Anheuser-Busch knew our members were serious and ...Read more

Kevin Dietsch/Getty Images North America/TNS

Starbucks' labor pivot poised to spur new unionization wave

Business / Business News /

Starbucks Corp.’s new commitment to work with its main union to end hostilities and hash out a fair process for labor organizing is a landmark moment for labor relations — both at the coffee chain that’s long resisted organizing, and far beyond it.

On Tuesday, the company and the Starbucks Workers United union announced that they were ...Read more

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Tech and hotel layoffs jolt California Bay Area job market as economic woes widen

Business / Business News /

An electric vehicle company and a big hotel have disclosed plans for hundreds of job cuts affecting their Bay Area workers, the latest jolts for an increasingly wobbly employment market in the nine-county region.

Rivian Automotive and Marriott San Mateo Hotel have revealed their decisions to chop jobs in the Bay Area, according to official ...Read more