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Delta to retire Boeing 717s, some 767s by end of 2025

Business / Business News /

Delta Air Lines said it will retire more jets earlier than planned as it cuts costs amid weakened travel demand due to the coronavirus pandemic.

The Atlanta-based airline outlined the revised plans in a regulatory filing Friday announcing the completion of $9 billion in financing, including a $6 billion debt offering backed by its SkyMiles ...Read more

Pandemic makes economic and racial gaps worse, Fed's Bostic says

Business / Business News /

ATLANTA - The pandemic has intensified inequality in America and, without decisive action by the federal government, many minorities and poor people could be left out of any economic recovery, said the president of the Federal Reserve Bank of Atlanta on Friday.

Nationally, the unemployment rate for white people is 7.5%, compared to 13.1% for ...Read more

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US files opposition to TikTok's request to halt Trump ban

Business / Business News /

The U.S. filed sealed papers opposing TikTok's request to halt a Trump administration ban on the video-sharing app that's scheduled to go into effect this weekend.

ByteDance Ltd., TikTok's owner, has sought a temporary block on the ban even as it pursues administration approvals for the sale of a stake in the video-sharing app to Oracle Corp. ...Read more

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This LA company was hit with state's largest-ever COVID-19 fine. Some say it's a model for worker safety

Business / Business News /

In late July, Gloria Lopez, a weight checker at a frozen food processing plant in Vernon, noticed that a plexiglass divider was missing between workers on the production line.

Two employees were left exposed to the coronavirus. Neither had said anything.

"I said to one of them, 'Do you feel comfortable the way you're working?' And she said, '...Read more

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Carla Fried: How keeping a car 15 years can pay you $230,000

Business / Business News /

Nationwide, about one in five owners of a Toyota Highlander held onto the car for at least 15 years. More than 14% of Toyota Sienna, Toyota Tacoma and Toyota Tundra owners kept their car for at least 15 years.

Want to guess what those Toyota buyers got besides a durable ride? The opportunity to redirect scarce household money to savings - and ...Read more

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Google to increase push for apps to give cut of in-app purchases

Business / Business News /

Google plans to push harder for developers to give the company a cut of in-app purchases through its Play app store, according to people with knowledge of the move.

The Alphabet Inc. unit plans to issue updated guidelines as early as next week that clarify a requirement for most apps to use Google's billing service for in-app content downloads,...Read more

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Google's search business targeted in looming US antitrust case

Business / Business News /

Google's search engine, one of the most-profitable businesses in history, is about to face its biggest challenge as the U.S. government readies an antitrust lawsuit accusing the company of crushing competition to protect and extend its monopoly.

After a 14-month investigation, the Justice Department is homing in on whether Google skews search ...Read more

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Housing boom in US threatened by shortage of available homes

Business / Business News /

The U.S. housing market, which has been a bright spot in the pandemic-battered economy, is running out of fuel.

With buyers eager to take advantage of low mortgage rates, the inventory of homes to buy is scarce. That's driving up prices and threatening to derail the boom by pushing homeownership out of reach for many Americans.

For ...Read more

The Week Ahead: Caught between Congress and the Court

Business / Business News /

The monthly jobs report usually is a prism for investors to play a guessing game over the Federal Reserve. But the Fed has taken itself out of play with its pledge to keep its target interest rate at zero for a good long time.

There's still plenty of opportunity for the September job numbers to move markets in the week ahead.

The unemployment ...Read more

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Auto review: Toyota Tacoma Double Cab stingy on space, spendy at the pump

Business / Business News /

2020 Toyota Tacoma TRD 4x4 Double Cab: Good things in small packages?

Price: $45,288 as tested. $1,670 for Advanced Technology Package; $485 for LED headlights; more below.

Conventional wisdom: Car and Driver likes that it is "great for off-roading, rugged and reliable, packed with driver-assistance tech," but not the "crew cab's tiny back ...Read more

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No, it's not your 'God-given right' to buy a new gas-powered car

Business / Business News /

For years, automakers have pleaded that, much as they'd love to lead the way to a zero-emissions vehicular future, they just can't wean Americans from their love of SUVs and other gas-guzzlers.

California just called their bluff.

An executive order signed Wednesday by Gov. Gavin Newsom aims to ban the sale of new gasoline-powered cars and ...Read more

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Auto review: 2021 Acura TLX rides new platform to become brand's best sedan in decades

Business / Business News /

Building a world-class sport sedan is tougher than it looks. Of course, that's true of everything from making an omelet to setting a broken bone, but a smart, focused student can generally master either of those in less than a decade.

The learning curve is a bit - shall we say "extended"? - for automakers who want to challenge cars like the ...Read more

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Auto review: Outstanding design and green credibility make Sonata Limited Hybrid a sedan to covet

Business / Business News /

Like any car buyer, I can be shallow, drawn to a car as much for its unique design as its utility. So I admit to loving the 2020 Hyundai Sonata Limited Hybrid's roof. It looks unlike that of any other car, due to its integrated solar panels that directly charge the batteries with 205 watts of electricity, enough to increase mileage two miles per...Read more

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In slumping energy states, plugging abandoned wells could provide an economic boost

Business / Business News /

WATFORD CITY, N.D. - It's rare for Tom Brooks to say no to work. Which is why, in the middle of a pandemic and a worldwide slump in oil prices, Brooks mustered up a crew to plug a 42-year-old oil well for the state of North Dakota.

"We fought our way through the slow times and didn't shut the doors," Brooks said one afternoon this summer as he ...Read more

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Darden Restaurants reduces corporate staff as sales remain down during pandemic

Business / Business News /

Darden Restaurants revealed Thursday it has cut 11% of its corporate workforce at its Orlando headquarters and in other leadership positions as the owner of Olive Garden continues to endure slower sales during the coronavirus pandemic.

The company, which also owns LongHorn Steakhouse and other chains, said Thursday that same-restaurant sales ...Read more

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Many Amazon delivery drivers say tips have disappeared, even though customers say they've been added

Business / Business News /

SEATTLE - Many of Amazon's contract delivery drivers have not been paid tips from customers for grocery deliveries, some for as long as 10 days, leaving them out several hundred dollars with no explanation from the company.

It's the third time this year an apparent glitch in Amazon's system has deprived perhaps tens of thousands of workers of ...Read more

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Column: Trump's 'order' protecting people with preexisting conditions is a total nothingburger

Business / Business News /

After promising for weeks to produce an executive order protecting Americans with preexisting medical conditions from losing their health coverage, President Trump on Thursday delivered ... nothing.

The executive order unveiled at an event in Charlotte, N.C., does absolutely nothing to safeguard healthcare for those Americans. Trump introduced ...Read more

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Epic Games is rallying major developers against Apple's App Store

Business / Business News /

CARY, N.C. - Epic Games, the maker of Fortnite, and some of the world's largest app developers have joined together to create the Coalition for App Fairness, a group attempting to pressure Apple into changing its policies on the App Store.

Epic is embroiled in an intense battle of lawsuits with Apple. Epic has labeled the iPhone maker as a ...Read more

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Powell hints small business, unemployment aid most important

Business / Business News /

Federal Reserve Chair Jerome Powell indicated that aid to small businesses and support for the unemployed should be prioritized if Congress were to reallocate money away from backstopping the central bank's emergency-lending programs.

Powell, responding during Congressional testimony to a question from Louisiana Republican John Kennedy, said an...Read more

El Nuevo Herald managing editor resigns

Business / Business News /

MIAMI - Nancy San Martin, the managing editor of el Nuevo Herald, resigned on Thursday, according to the vice president of news for McClatchy, the parent company that also publishes the Miami Herald.

San Martin leaves "after years of powerful, award-winning work for this newsroom and the community it serves," Kristin Roberts said in an email ...Read more