KAMIL KRZACZYNSKI/AFP/Getty Images North America/TNS

Ford lays off 243 workers at stamping facility in Chicago Heights due to UAW strike at nearby Chicago Assembly Plant

Business / Business News /

Ford has laid off 243 workers at its stamping facility in Chicago Heights in the wake of the strike at the nearby Chicago Assembly Plant.

A total of 330 layoffs were announced Monday between the Chicago Stamping Plant and the Lima Engine Plant in Ohio. Both facilities supply parts to Ford’s idled assembly plant on the city’s Southeast Side,...Read more

Joe Burbank/Orlando Sentinel/TNS

Woman sues Disney World, claims severe 'wedgie' injury on Typhoon Lagoon slide

Business / Business News /

A woman has sued Disney, claiming that a trip down a waterslide at Disney’s Typhoon Lagoon four years ago caused an “injurious wedgie” that left her with severe gynecological trauma.

In a lawsuit filed last week in Orange County Circuit Court, Emma and Edward McGuinness said they were seeking at least $50,000 in damages from Walt Disney ...Read more

Vincent D. Johnson/Xinhua via ZUMA Press/TNS

UAW strike day 18: Estimated losses grow to nearly $4 billion, report says

Business / Business News /

The United Auto Workers' strike of the Detroit automakers, now in its 18th day Monday, has resulted in nearly $4 billion in losses, according to an analysis released Monday.

The targeted walkouts of selected plants has resulted in $325 million in direct wages lost, $1.1 billion in losses to Ford Motor Co., General Motors Co. and Stellantis NV, ...Read more

Natrice Miller/The Atlanta Journal-Constitution/TNS

Rivian EV production up again in third quarter, reaffirms annual goal

Business / Business News /

Electric vehicle startup Rivian is continuing to ramp up its manufacturing output as the company prepares to begin vertical construction on its $5 billion factory an hour east of Atlanta.

The California-based upstart said Monday it assembled 16,304 plug-in vehicles at its Illinois plant during the three months that ended in September, up about ...Read more

LOIC VENANCE/AFP/Getty Images North America/TNS

Tom Hanks disavows AI clone amid Hollywood's robot reckoning

Business / Business News /

In the midst of an actors' strike motivated in part by concerns about what AI means for the industry's future, Tom Hanks just gave performers one more thing to worry about.

"Beware!" the "Forrest Gump" and "Saving Private Ryan" star wrote in an Instagram post this Sunday. "There's a video out there promoting some dental plan with an AI version ...Read more

Wells Fargo sells stakes in legacy Norwest units in $2B deal

Business / Business News /

Wells Fargo & Co. sold off $2 billion in private equity investments that it has held since its 1998 merger with Minneapolis-based Norwest Corp. bank.

"With this transaction, we are continuing with our strategic efforts to focus on Wells Fargo's core businesses and customers," said Mike Santomassimo, Wells Fargo chief financial officer, in a ...Read more

Nora Gámez Torres/Miami Herald/Miami Herald/TNS

Miami visit gave a rare inside look at Cuba's fledgling capitalists. Some key takeaways

Business / Business News /

MIAMI — An unprecedented visit to Miami by a large group of Cuban entrepreneurs last week is providing a rare glimpse into the inner workings of the private sector in Cuba, the struggles the fledgling company owners face, and the potential for assistance from both the U.S. government and the South Florida business community.

The group of ...Read more

Aaron Flaum/Hartford Courant/TNS

There's a scourge on the Connecticut River. It could threaten $1B a year contributor to state economy

Business / Business News /

On a sunny September morning on the Connecticut River, Gregory Bugbee nudged his skiff into Selden Cove in Hadlyme and it happened again. He got stuck.

Two years ago, the cove was a magnet for anglers, a clear pond from which Selden Creek runs south through sunken meadows of wild rice and drowned oaks to join the river at the bottom of Selden ...Read more

Brad Horrigan/Hartford Courant/TNS

DOJ: Cigna will pay $172 million to settle claims about false data in Medicare Advantage plans

Business / Business News /

Cigna agreed Saturday to pay slightly more than $172 million to settle a claim by the government that it submitted false health data to Medicare in order to increase payments it received for patients enrolled in its Medicare Advantage programs, the justice department said.

Cigna owns and operates businesses that offer Medicare Advantage plans ...Read more

Gary Reyes/Bay Area News Group/TNS

Feds accuse eBay of illegally peddling poisons, emissions-control defeaters

Business / Business News /

The U.S. Department of Justice is accusing e-commerce giant eBay of illegally selling tens of thousands of banned and restricted pesticides, and allowing such sales to continue even after it was ordered to stop.

In a lawsuit filed last week, prosecutors also claim eBay broke additional federal laws by selling devices used to bypass vehicle ...Read more


Does Amazon's push to be a better, greener employer matter to markets?

Business / Business News /

This summer, Amazon lost an A.

Morgan Stanley Capital International, or MSCI, a New York-based investment research firm, dropped Amazon from a grade A rating to a BBB in August.

MSCI uses that scale — which runs from AAA to CCC — to tell investors how well a company is doing on several non-financial factors that may matter to shareholders,...Read more


Survey: 22% of Americans haven't contributed to their retirement savings in the last year

Business / Business News /

Saving for retirement is often one of the biggest financial goals for Americans, but many people struggle to put away money for their golden years. In fact, more than 20% of U.S. adults said not saving for retirement early enough was their biggest financial regret, according to a recent Bankrate survey.

There can be many challenges to saving ...Read more

Justin Sullivan/Getty Images North America/TNS

Tesla deliveries slide as factory downtime slows production

Business / Business News /

Tesla Inc. shipped 435,059 cars globally in the third quarter, as factory downtime led to its first quarterly delivery decline in more than a year.

The results, posted Monday, missed expectations. Several Wall Street analysts had slashed their delivery estimates in recent days, and the consensus compiled by Bloomberg fell to 456,722 as of ...Read more

Drew Angerer/Getty Images North America/TNS

Microsoft CEO says AI will help Google extend search edge

Business / Business News /

Microsoft Corp. Chief Executive Officer Satya Nadella said artificial intelligence could help Google extend its dominance of the search market, as he took the stand Monday in the Google antitrust trial.

When Microsoft introduced its new Bing AI-based search in February, beating Google to the punch, Nadella touted the technology as a way for ...Read more

Chip Somodevilla/Getty Images North America/TNS

Why a US recession is still likely -- and coming soon

Business / Business News /

When everyone expects a soft landing, brace for impact. That’s the lesson of recent economic history — and it’s an uncomfortable one for the U.S. right now.

A summer in which inflation trended lower, jobs remained plentiful and consumers kept spending has bolstered confidence — not least at the Federal Reserve — that the world’s ...Read more

Luis Sinco/Los Angeles Times/TNS

Why a US recession is still likely -- and coming soon

Business / Business News /

When everyone expects a soft landing, brace for impact. That’s the lesson of recent economic history — and it’s an uncomfortable one for the U.S. right now.

A summer in which inflation trended lower, jobs remained plentiful and consumers kept spending has bolstered confidence — not least at the Federal Reserve — that the world’s ...Read more

Bill Pugliano/Getty Images North America/TNS

UAW strike day 16: Fain warns members not to let automaker messaging divide them

Business / Business News /

TOLEDO, Ohio — United Auto Workers President Shawn Fain on Saturday warned autoworkers on strike not to let messaging from the Detroit Three automakers give up their fight for "justice."

"They're trying to cause doubt between the membership and the leadership," Fain told picketers at Stellantis NV's Jeep Wrangler and Gladiator plant in Toledo...Read more

Steel Brooks/Las Vegas Review-Journal/TNS

MGM Rewards app still zapped after cyberattack

Business / Business News /

Several features on the MGM Rewards app remain inaccessible to customers more than two weeks after a cyberattack on MGM Resorts International led to nationwide shutdowns of several of its computer systems.

The app, where guests usually can check their loyalty program points and rewards, check in and out of a hotel stay and receive a digital key...Read more

Rachel Aston/Las Vegas Review-Journal/TNS

Nevada signs lithium trade agreement with Ontario

Business / Business News /

Nevada is teaming up with Canada’s most-populated province in hopes of boosting economic development opportunities in the modern-day gold rush for lithium.

Gov. Joe Lombardo and Ontario Premier Doug Ford signed a memorandum of understanding this week aimed at boosting trade and investments in lithium extraction and green energy development ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

UAW adding GM, Ford SUV plants to strike

Business / Business News /

As the United Auto Workers widened its strike Friday against two of Detroit's automakers, union President Shawn Fain insisted "talks have not broke down" as the expanding work stoppage moves into its third week — unnerving suppliers and business leaders worried about longer-term damage and prompting angry words from the CEOs of both companies....Read more