Business

/

ArcaMax

Misael Virgen/San Diego Union-Tribune/Zuma Press/TNS

Desalination plant proposed for San Francisco Bay

Business / Business News /

Saying it needs to evaluate all options for new sources of drinking water, Silicon Valley’s largest water district is studying a plan to build the first seawater desalination plant along the shores of San Francisco Bay.

The Santa Clara Valley Water District, a government agency based in San Jose, California, has approved spending $1.7 million...Read more

Brian Cassella/Chicago Tribune/TNS

More than 10,000 Cook County residents to receive property tax refunds

Business / Business News /

More than 10,000 residents of Cook County can expect to receive automatic refunds due to overpayments of their property taxes, Cook County Treasurer Maria Pappas announced Tuesday.

The treasurer plans to send out more than $22 million in refunds by Aug. 9. Over half of the 10,099 property owners will have the funds directly deposited back into ...Read more

Nicolas Asfouri/Getty Images North America/TNS

Tesla misses profit estimates, extending weak start to 2024

Business / Business News /

Tesla Inc. fell short of Wall Street profit estimates in the second quarter, extending a rocky start to the year marked by slower sales and mass firings across the company.

It was the fourth consecutive miss for the electric-vehicle maker, which on Tuesday reported adjusted earnings of 52 cents a share, short of the average analyst estimate of ...Read more

Joe Burbank/Orlando Sentinel/TNS

Carnival Cruise Line to get 3 new ships with near 8,000-passenger capacity

Business / Business News /

Carnival Cruise Line’s parent company inked a deal for three new ships powered by liquefied natural gas that will be the largest ever built for the fleet.

Carnival Corp. signed an agreement with Italian shipyard Fincantieri for the three LNG-powered ships that will be delivered in 2029, 2031 and 2023. The deal is contingent on financing, ...Read more

Dreamstime/Dreamstime/TNS

Coca-Cola reports better-than-expected results for quarter

Business / Business News /

Coca-Cola on Tuesday reported stronger than expected quarterly earnings on growing sales as the Atlanta-based beverage behemoth saw growth in most of its global markets.

Revenue for the second quarter was $12.4 billion, 3% higher than the same period of 2023, while earnings were 84 cents per share, 7% better than a year ago. Profit margins were...Read more

John Spink/The Atlanta Journal-Constitution/TNS

DOT to investigate Delta amid thousands of flight cancellations

Business / Business News /

The U.S. Department of Transportation will investigate Atlanta-based Delta Air Lines and how it is treating passengers, Transportation Secretary Pete Buttigieg announced, as the airline entered its fifth day of an operational meltdown with thousands of canceled flights.

Buttigieg said in a post on social media platform X that the DOT has opened...Read more

John Spink/The Atlanta Journal-Constitution/TNS

Here's what you should know if your Delta flight is canceled

Business / Business News /

Hundreds of thousands of travelers have been stranded by Delta flight cancellations, and many have to wait for hours to get assistance from the airline.

Here’s what travelers should be aware of if their Delta flight is canceled.

Your right to a refund

If the airline cancels or significantly delays your flight, you are entitled to a prompt ...Read more

Robin Buckson/The Detroit News/TNS

GM posts strong 2nd quarter earnings, tops Wall Street expectations

Business / Business News /

Leaning on a strong North American business, General Motors Co. beat expectations on Tuesday with second-quarter net income up 14% year over year to $2.9 billion on revenue of $47.9 billion, up 7%.

For the second consecutive quarter, GM increased its guidance for the year to adjusted earnings in the range of $13 billion to $15 billion, up from ...Read more

Todd McInturf/The Detroit News/TNS

GM delays Orion electric truck production by another six months

Business / Business News /

General Motors Co. is again delaying the launch of electric truck production at its Orion Assembly plant, this time by six months to mid-2026, CEO Mary Barra told investors during the automaker's second-quarter earnings call Tuesday.

GM in October 2023 pushed back the launch of the electric trucks at the plant in Orion Township, Michigan, by ...Read more

Dreamstime/Dreamstime/TNS

CDC simplifies rules for crossing the border with a dog after public outcry

Business / Business News /

In response to public outcry from dog owners, the federal Centers for Disease Control and Prevention is simplifying regulations for entering the United States with your dog starting Aug. 1.

The updated rules require all dogs entering from a no or low-risk rabies country, which includes Canada, to be microchipped, at least 6 months old, and ...Read more

UPS profits drop in second quarter on softer revenue, higher expenses

Business / Business News /

UPS reported $1.4 billion in net income for the second quarter, down 32% year-over-year — but CEO Carol Tome pledged the company will grow operating profit in the future.

“This quarter was a significant turning point for our company, as we returned to volume growth in the U.S., the first time in nine quarters,” Tome said in a written ...Read more

Ellen M. Banner/The Seattle Times/TNS

Washington state lawmakers decided to tax the rich. Poll shows voters aren't so sure

Business / Business News /

By a 2-to-1 ratio, Washington voters support a measure to repeal the state's new 7% capital gains tax, according to a new poll of likely voters.

But almost a third remain undecided about the repeal measure, Initiative 2109, leaving plenty of room for movement on the high-stakes issue between now and Election Day, experts said.

"This is a ...Read more

John Spink/The Atlanta Journal-Constitution/TNS

Michael Hiltzik: The CrowdStrike meltdown reminds us that the hacking problem doesn't come only from outside

Business / Business News /

Just last Wednesday, I posted a column reporting how our richest corporations, through sheer miserliness and profit-seeking, left millions of Americans vulnerable to technological attacks on their privacy and welfare.

I failed to raise one important question: What if the attacks come from inside the house?

That's exactly what happened Friday. ...Read more

BEST BUY PRESS RELEASE/TNS

Best Buy introduces 'spokeshologram' and a touch of magenta in new branding campaign

Business / Business News /

Say hello to "Gram" and a touch of magenta.

Best Buy is perhaps best known right now for its blue-shirted tech experts — and that bright yellow tag that has been the Richfield-based electronics chain's signature since the 1980s.

But as the company enters a new era of AI technology, it is repositioning itself as more than just a place for ...Read more

Erika Schultz/The Seattle Times/TNS

Amazon cracks down on 'coffee badging,' amid return-to-office push

Business / Business News /

Amazon might be stepping up requirements for its return-to-office mandate — and workers are feeling uneasy.

After more than a year of requiring employees to work from the office at least three days a week, Amazon is now considering a minimum number of hours per day to meet that mandate, according to screenshots from the internal messaging app...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

A new world coming: Bus maker Blue Bird embraces an electrified future

Business / Business News /

The site where Muhammed Ali’s motor home was built will soon be humming again.

Not that The Greatest was the only one to snap up a WanderLodge back in the day when Blue Bird workers were churning out the 40-foot long, 6 mile-per-gallon behemoths. The $350,000 RVs were often outfitted with a bedroom, complete kitchen and several televisions.

...Read more

Allen J. Schaben/Los Angeles Times/TNS

In 'generational moment,' Port of L.A. faces shifting winds in business and politics

Business / Business News /

The Port of Los Angeles has long been the single busiest seaport in the Western Hemisphere, employing thousands of Southern Californians and playing a critical role in the vast supply chain that underpins both the California economy and that of the United States as a whole.

Together with neighboring Port of Long Beach in the San Pedro Bay, it ...Read more

Elizabeth Robertson/The Philadelphia Inquirer/TNS

Thousands of Pennsylvania workers are owed money from wage theft cases but the US Labor Department says it can't find them

Business / Business News /

In March 2022, a federal court ordered an Upper Darby, Pennsylvania, home-care agency to pay more than $4.5 million in back wages and damages to more than 500 workers after federal investigators showed that the agency had misclassified those workers as independent contractors and failed to pay them overtime.

The agency, Successful Aging Care ...Read more

Justin Tallis/AFP/Getty Images North America/TNS

When Boeing balked at new jet, Airbus moved. Now the A321 will 'make an awful lot of money'

Business / Business News /

FARNBOROUGH, England — It might have been an all-new Boeing jet, a 757 replacement, flying over the Farnborough Air Show on Monday.

Instead it was a new Airbus plane, an extra-long-range derivative of the hot-selling A321neo, the A321XLR.

That Boeing never replaced the 757 was “a huge mistake,” said Bjorn Fehrm, an aviation analyst with ...Read more

GM Wentzville plant down during UAW strike at Lear seating plant

Business / Business News /

Production at General Motors Co.'s Wentzville, Missouri, midsize truck plant is down as the automaker awaits the end of a labor dispute at the plant's seat supplier plant owned by Lear Corp.

Five hundred Lear workers represented by United Auto Workers Local 282 are on strike "for their fair share," UAW Region 4 Director Brandon Campbell said in...Read more