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It's been the year of the worker. West Hollywood employers are so over it

Business / Business News /

Across the country, many American workers have enjoyed pay hikes unlike anything seen in decades. And for many American businesses, this also has been a good year for profits, with some corporations notching record or near-record gains.

But don't try to sing that song of good times in West Hollywood: Business owners there say that paying ...Read more

Business leaders promise a new era of manufacturing in St. Louis

Business / Business News /

ST. LOUIS — On Tuesday morning, a former Boeing CEO took the stage before a crowd of Missouri's political and business leaders and offered a bold prediction: After decades of losses in manufacturing, the sector is poised for a turnaround in St. Louis.

Dennis Muilenburg, the former Boeing CEO who chairs the project's board, acknowledged the ...Read more

Chris Jackson/GETTY IMAGES NORTH AMERICA/TNS

What banks really mean when they put trillions into ESG

Business / Business News /

In recent years, many of the world’s biggest banks have published reports chronicling the vast sums they say they’re channeling into environmental and social activities. Now, senior people inside the industry are raising questions about those statements.

Banks including Morgan Stanley, HSBC Holdings Plc, Goldman Sachs Group Inc. and ...Read more

Illumina says there is outside interest in buying Grail

Business / Business News /

San Diego's DNA sequencing giant, Illumina told investors this week that it has received outside interest from potential buyers for Grail, the early cancer detection company it acquired in a deal that is tangled in anititrust challenges.

Since Illumina purchased Grail in 2021, the $7.1 billion acquisition has been challenged by U.S. and ...Read more

Prefab homebuilder Veev to shutter after funders abandon former 'unicorn'

Business / Business News /

Bay Area prefabricated construction startup Veev, which promised to slash the time and costs required to build new homes, has announced to its employees that it plans to shutter operations after acquiring unicorn status just last year.

The company, with offices in Hayward and Israel, said in a statement that the closure comes because the ...Read more

Dreamstime/Dreamstime/TNS

How to choose an airline credit card that will benefit you most

Business / Business News /

It’s easy to be lured in by attractive sign-up bonuses from every card on the market, especially airline credit cards that are marketed to you when you’re already on a plane. However, choosing the right airline credit card can be an important step in building a well-rounded credit card strategy.

It’s always best to look at a credit card ...Read more

Genaro Molina/Los Angeles Times/TNS

Blue Shield of California customer data stolen in cyberattack

Business / Business News /

An unknown number of Blue Shield of California members may have had their personal data, including Social Security numbers, birth dates and treatment information, stolen during a cybersecurity breach this spring.

The healthcare insurance provider said the attack targeted the files of one of its contracted vendors, which manages vision benefits ...Read more

Stringer photo/AFP/Getty Images North America/TNS

US sets limits on Chinese content to receive EV tax credits

Business / Business News /

The Biden administration released long-awaited rules designed to block electric-vehicle manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with the new mandates.

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through ...Read more

DREAMSTIME/TNS

Brian Merchant: The depressing fall of Sports Illustrated reveals the real tragedy of AI

Business / Business News /

Quick, name five classic American magazines.

Did you say Sports Illustrated? I did. And I'm not even a sports guy. But if you're of a certain age, you know Sports Illustrated. Along with, say, People, Time and National Geographic, it has long lined the dentist offices, neighbors' doormats and coffee tables of your life. It's an institution. At ...Read more

Stringer photo/AFP/Getty Images North America/TNS

US sets limits on Chinese content to receive EV tax credits

Business / Business News /

The Biden administration released long-awaited rules designed to block electric-vehicle manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with the new mandates.

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through ...Read more

Breana Noble/The Detroit News/TNS

Chicago Fed president Goolsbee says inflation on track to reach 2% goal

Business / Business News /

Chicago Fed president Austan Goolsbee said Friday that inflation is on track to slow to the central bank’s goal of 2%.

Speaking at the regional bank’s annual economic outlook symposium, Goolsbee said the latest inflation data — which showed consumer prices flattened between September and October — was “absolutely what we wanted it to ...Read more

Mercedes-Benz/Mercedes-Benz/TNS

Auto review: 2023 Mercedes EQB offers treatments for 'range anxiety'

Business / Business News /

Let’s call them the EV-tentative. These folks are interested in electric vehicles but haven’t quite flipped the switch yet because of that dreaded “range anxiety.”

For anyone who isn’t familiar with the term, it’s already in the Oxford dictionary: “Worry on the part of a person driving an electric car that the battery will run out...Read more

Toyota/TNS/TNS

Auto review: After nearly two decades, Toyota redesigns the Tacoma for 2024

Business / Business News /

It finally happened, although it seemed like it never would have. Toyota finally redesigned its midsize pickup truck, the Toyota Tacoma, for the 2024 model year.

Of course, you can’t blame Toyota for milking every bit of profit out of the old truck. After all, it has long dominated its market segment, selling more than two-and-a-half times as...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2023 Integra Type S keeps Acura sporty

Business / Business News /

As Acura, Honda Motor Co.’s upscale brand, continues to deliver exactly what consumers want, the four-door sedan is no secret to both brands. Originally the Integra, a two-door sports coupe, was eliminated for vehicles with three-letter naming conventions such as the RSX, TSX, TLX and others in larger categories. The Integra is back in the ...Read more

Drew Kann/The Atlanta Journal-Constitution/TNS

UAW wants to organize non-union auto plants. The South is a big target

Business / Business News /

The United Auto Workers on Wednesday said employees at non-union auto manufacturers across the U.S. have launched coordinated campaigns to organize their plants and join the union. Some of the biggest targets stretch across the South.

The sprawling campaign to organize workers at 13 non-union automakers follows the UAW’s successful ...Read more

Myung J. Chun/Los Angeles Times/TNS

How to score an instant rebate on a new or used electric car in California

Business / Business News /

Thinking about treating yourself to an electric car as a winter holiday gift? You might wait until Jan. 1, when new rules kick in that allow your down payment to be paid with free money from Uncle Sam.

If your income isn’t too high, and the car or truck you plan to buy isn’t ultra-luxe, you could qualify for instant cash back of up to $7,...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Big Pharma is 'reeling' over the Inflation Reduction Act. Now Merck is fighting back

Business / Business News /

The pharmaceutical industry suffered a huge legislative defeat last year when Congress and President Joe Biden enacted a law aimed in part at lowering prescription drug costs for Medicare beneficiaries.

Now at least one drugmaker is fighting back in the courts and on Capitol Hill.

Merck & Co. filed a lawsuit in June alleging the Inflation ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

Elon Musk delivers first Tesla Cybertrucks, calling them 'the most unique thing on the road'

Business / Business News /

Four years after Elon Musk unveiled it with billowing clouds of smoke, balls of fire and a botched demonstration of its shatter-resistant windows, Tesla has finally made the first deliveries of its alien-punk Cybertruck.

Standing in the bed of the stainless-steel-clad electric pickup, which has been mired by production delays and skepticism ...Read more

Bay Area tech layoffs soar to brutal heights with huge VMware job cuts

Business / Business News /

PALO ALTO, California — Tech industry job cuts in the Bay Area have reached two new grim milestones with the disclosure that the Broadcom purchase of VMware will spawn well over 1,000 more Silicon Valley layoffs, documents show.

With the latest revelations of upcoming layoffs, the tech industry has now disclosed plans to chop twice as many ...Read more

Nationwide data breach leaves 1 million Corewell Health patients' information vulnerable

Business / Business News /

A national data security breach at a company hired by Corewell Health has impacted the health information of roughly 1 million patients in southeast Michigan, in addition to 2,500 Priority Health members, according to a statement from the health system earlier this month.

The security breach happened in May when an unauthorized actor gained ...Read more