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Robin Buckson/The Detroit News/TNS

UAW monitor report highlights 'culture of fear,' presidential oversight concerns

Business / Business News /

The United Auto Workers' court-appointed monitor on Friday filed in federal court a report that describes a continuing "culture of fear of retaliation" in the union, concerns over centralizing oversight in the president's office and some slowness on instituting adopted reforms.

The 10th status update filed in the U.S. Eastern District Court of ...Read more

MONICA HERNDON/The Philadelphia Inquirer/TNS

Pennsylvania finally agrees to exempt hair braiders from regulatory oversight

Business / Business News /

For decades, braiders have argued that their hair artistry shouldn't be subjected to Pennsylvania's regulatory oversight.

Now, it seems that Harrisburg is finally agreeing.

On June 27, the State Senate passed Anthony Hardy Williams' bill which would free braiders from being required to undergo 300 hours of formal instruction. Williams, whose ...Read more

Jane Tyska/Bay Area News Group/TNS

Patelco online banking finally restored two weeks after security breach

Business / Business News /

The long wait is almost over for over 500,000 anxious Patelco Credit Union customers who have been unable to view their account balances following a ransomware attack on the bank last June 29.

Over the weekend, the Bay Area-based bank and one of the nation’s largest credit unions announced customers will finally have access to their mobile ...Read more

Joe Burbank/Orlando Sentinel/TNS

Cruise leaders tackle carbon conundrum on board Royal Caribbean's Utopia of the Seas

Business / Business News /

PORT CANAVERAL, Florida — Royal Caribbean, Carnival, Disney and MSC Cruises may be competitors, but leaders from the cruise lines came together on board Royal’s newest cruise ship Utopia of the Seas this weekend to solve the collective problem of reducing carbon emissions.

Royal used the first shakedown sailing of Utopia of the Seas to ...Read more

Dreamstime/Dreamstime/TNS

Alphabet in talks to buy Wiz in $23 billion cyber deal

Business / Business News /

Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter.

A deal may be worth as much as $23 billion, said the person, who asked not to be identified discussing nonpublic information. That would make it the tech giant’s largest acquisition to date. An agreement hasn’t ...Read more

Dreamstime/Dreamstime/TNS

Motormouth: What about my left foot?

Business / Business News /

Q: I think there is an easy solution to the left foot problem. I bought my first car, a 1934 Ford sedan, in about 1953. I have had several cars since then of course, most all of them were manual shifters. In fact, I just sold my most recent manual, a 1967 Porsche 912 that my wife and I bought new. We are left with a 2002 Toyota 4Runner that is ...Read more

Dreamstime/Dreamstime/TNS

Keeping up with the Joneses: What it might be costing Americans

Business / Business News /

Jamie Feldman, 35 years old, lives in Brooklyn, N.Y. and is currently paying off nearly $20,000 in credit card debt. She’s also the co-host of Debt Heads podcast. After being laid off during the COVID-19 pandemic, she maxed out a credit card while spending to keep up with her social life.

“It was a lot of social commitments,” Feldman ...Read more

Spencer Platt/Getty Images North America/TNS

5 popular investment trends for the rest of 2024

Business / Business News /

Seasoned investors often approach markets with a long-term view, using short- and medium-term volatility to buy into the themes they believe will profit over many years. While identifying these trends is difficult, tuning out the noise can help you focus your portfolio on the winners, possibly resulting in significant gains.

Here are five of ...Read more

Antonio Perez/Chicago Tribune/TNS

Forget upgrading the family car. These Chicago parents bought cargo bikes instead

Business / Business News /

CHICAGO — Kevin Dekkinga’s son was going to elementary school and the family faced a decision: buy a second car, or buy a new cargo bike.

His son would attend a Chicago Public Schools magnet school in a different neighborhood. His wife worked in the suburbs. And with CPS facing a bus driver shortage after the pandemic that left school bus ...Read more

John T. Greilick/The Detroit News/TNS

Ford considers $400M investment for EV component manufacturing in Kentucky

Business / Business News /

Ford Motor Co. is considering a $400 million investment for a component manufacturing facility in Kentucky to support production of electric vehicles.

Ray Leathers, CEO of the Shelby County Industrial & Development Foundation, said Friday that the Dearborn automaker is in the final stages of making the commitment for a facility to support a ...Read more

Clarence Tabb Jr., Detroit News/The Detroit News/TNS

Detroit residents keep reporting Stellantis paint odors. Tlaib says EPA should do more

Business / Business News /

Resident complaints about paint odors from Stellantis NV's Mack Assembly Plant in Detroit have continued to trickle into the state's environmental agency in recent months, records show.

The Michigan Department of Environment, Great Lakes and Energy’s air assistance program got odor reports from the east Detroit facility on at least a dozen ...Read more

Antonio Perez/Chicago Tribune/TNS

Illinois touts diversity in pot industry, but new owners say they need financial help

Business / Business News /

Illinois has the most diverse cannabis industry in the United States, according to a new study — but new business owners say they need a lot more help to get started.

The state-commissioned disparity study found that 60% of all recreational and medical cannabis licenses went to minority- or women-owned businesses. That includes 27% of owners ...Read more

Ana Ramirez/The San Diego Union-Tribune/TNS

San Diego OK'd more new homes in 2023 than any year in decades

Business / Business News /

SAN DIEGO — San Diego saw a dramatic surge in homes approved for construction during 2023, nearly twice as many as were approved the year prior and the highest number in a single year since at least 2005.

City planning officials, who said it’s likely this was the most homes approved in a single year since the 1980s, credited the surge to a ...Read more

Chitose Suzuki/The Dallas Morning News/TNS

Five things to know about the AT&T data breach

Business / Business News /

AT&T says calls and text message records for tens of millions of the phone service provider’s customers were exposed in a massive data breach two years ago.

The company announced Friday that nearly all of its mobile phone customers’ information was exposed over the course of months in 2022. The data stolen includes “records of calls and ...Read more

Henry Payne/The Detroit News/TNS

Auto sales '24: The market's biggest winners, losers and movers (so far)

Business / Business News /

Like a game of Twister, the auto industry is stretched in all different directions these days.

Manufacturers must pump out popular, internal-combustion vehicles to meet customer needs even as they satisfy government demands for electric vehicle sales. American consumers love big SUVs, but high gas prices and interest rates demand smaller cars. ...Read more

Renée Jones Schneider/Star Tribune/TNS

One sector of Twin Cities commercial real estate that's not sputtering: Industrial

Business / Business News /

Industrial buildings often lack curb appeal, but to developers and investors, they might as well be the coveted big house at the end of the cul-de-sac.

Demand for those nondescript, low-rise concrete warehouses, distribution centers and manufacturing buildings that increasingly dot the Twin Cities suburbs remains exceptionally strong at a time ...Read more

Michael M. Santiago/Getty Images North America/TNS

Dealmaking reignites for banks just as consumers start to falter

Business / Business News /

The first three U.S. banking giants to report midyear earnings are leaning on a revival in Wall Street dealmaking as high interest rates take a mounting toll on income from lending.

Investment bankers and underwriters at JPMorgan Chase & Co. and Citigroup Inc. posted their best second-quarter in three years as merger activity and debt capital ...Read more

Angelina Katsanis, Star Tribune/Star Tribune/TNS

Thousands of Minnesota white-collar workers now eligible for overtime pay

Business / Business News /

Despite much pushback, millions of American white collar workers are eligible for overtime pay this month under a new federal law that boosts the wage levels employers must use to decide which employees qualify for overtime and which are exempt.

In Minnesota, an estimated 10,000 workers are expected to benefit. The rule changes mainly apply to ...Read more

Brian van der Brug/Los Angeles Times/TNS

Dry cleaner struggles to survive in empty downtown LA skyscraper. Welcome to the zombie economy

Business / Business News /

A little before 8 one summer morning, the canyons of downtown Los Angeles still hold the cool of night.

Santiago Lopez walks down 6th Street into the deep and familiar shade of a high-rise lofting above him between Hope and Grand. If any homeless resident bedded down beneath the building's generous overhang, security has cleared them out.

...Read more

Aldo Ferrero/Maserati/TNS

Auto review: Maserati's new electric droptop captures lightning in a bottle

Business / Business News /

Our roads were once filled with grand touring cars, providing the manners and style of a sports car, but with more room and comfort. It’s now shunned for the working-class SUV, which is little more than a modern-day Conestoga wagon. It’s as if consumers are comforted by the ability to haul people or cargo at a moment’s notice.

Of course,...Read more