Brendan Smialowski/AFP/AFP/TNS

Retirement plan advisers expect Labor Department rules to boost ESG options

Business / Business News /

As the Labor Department mulls a proposed rulemaking on environmental, social and governance investment options by retirement plans, advisers say the rules are likely to temper a “chilling effect” caused by the prior administration’s guidance.

Advisers say more retirement savers are asking about ESG investing and that the forthcoming rules...Read more


Motormouth: How often do I really need an oil change?

Business / Business News /

Q: I have 2001 Lexus RX300 with only 46,000 miles. I bought it new and have kept it in mint condition. In recent years, I have only put on 1,000 miles per year and have switched to a once-a-year oil change. I know the "law books" say you should change oil every six months, but I have also read a lot of commentary that you can go much longer than...Read more


The Week Ahead: How more homes may be for sale soon

Business / Business News /

The American housing market has been red hot. The combination of low borrowing rates, strong demand for more living and work-from-home space as the pandemic wears on and tight supply have driven up prices.

In July, the average price of a home was $360,000 – up almost 20 percent in a year. Prices have been climbing each month for nine and a ...Read more


Lucid Air EV sets EV benchmark with 520-mile range

Business / Business News /

The Lucid Air has set a new benchmark for EPA-rated EV range with 520 miles.

Founded by former Tesla engineer Peter Rawlinson, Lucid has been methodically building a Tesla Model S competitor since debuting to much fanfare at the 2017 New York Auto Show. Its promise: to eclipse Tesla as the electric vehicle standard.

The figure blows away Tesla...Read more

Auto review: Cruisin' in the dreamy Mustang Mach 1

Business / Business News /

ROYAL OAK, Mich. — My red 2021 Mustang Mach 1 was dressed for the Woodward Dream Cruise.

Muscled torso covered in black tattoos. Front spoiler out to here. Wicked black Magnum wheels. Mesh fascia with flared nostrils. Quad tailpipes the size of ship cannons. Swaggering down Woodward Avenue on Saturday morning, I noticed a Mustang Shelby GT350...Read more

Genaro Molina/Los Angeles Times/TNS

We're souping up our rides. The neighbors are furious

Business / Business News /

It's not your imagination. That driver at the stoplight is revving his engine so loudly it can set off car alarms. Then he roars off as the signal turns green, even if it's just to the next stoplight.

Like some sort of pandemic-inspired primal scream, this flooring-the-pedal thing is happening all over. That's because a global semiconductor ...Read more


Mark Phelan: Buying a new car? Watch out for $2,000 hidden fee in footnotes

Business / Business News /

As if semiconductor shortages and COVID-19 hadn’t driven car prices high enough, automakers are ratcheting up a hidden charge most shoppers are unaware of — and which nobody seems to understand.

Meet the destination charge, also known as the second-to-last line on the window sticker, shipping charge and that bleepin’ $2,000 asterisk.

I�...Read more


Burly, high-tech, 2022 Chevy Silverado fills in the holes

Business / Business News /

The Silverado remake is complete.

The launch of Chevy's fourth-generation, 2019 full-size pickup set segment benchmarks for chassis light-weighting and rugged bed construction. But the sleek truck was dogged by questions about the uninspired interior and lack of a performance truck model. With the 2022 Silverado, the bow-tie brand has filled in...Read more

Al Seib/Los Angeles Times/TNS

Universal Studios, Six Flags visitors in LA area may have to show proof of COVID-19 vaccine or negative test

Business / Business News /

LOS ANGELES — Proof of a COVID-19 vaccination or a recent negative test will soon be necessary to enter Los Angeles County’s largest theme parks, a top health official confirmed Thursday.

Under a new health order to be issued this week, such verification will be necessary for attendees of outdoor “mega events” — those with 10,000-plus...Read more

Irfan Khan/TNS

COVID-19 was a setback for working women. These first-time entrepreneurs prevailed

Business / Business News /

LOS ANGELES — Life had stalled La Kesha Wash's dream of working in interior design.

More than a decade later, she decided to give it a go — amid a global pandemic that was hammering the economy and shutting businesses.

"I was like OK, you're not getting any younger, so this is the time. If you're going to do it, just do it," said Wash, who...Read more


Consumer Confidential: Drugmakers see disaster in Medicare negotiating prices. Don't listen to them

Business / Business News /

The pharmaceutical industry, bizarrely, told the American people this week that allowing Medicare to negotiate drug prices is tantamount to socialism, rather than an example of a healthy, competitive marketplace.

The industry said in an open letter to Congress that letting Medicare haggle on behalf of its 63 million beneficiaries would give the...Read more

Antonio Perez/TNS

Sears closing its last store in Illinois

Business / Business News /

CHICAGO — Sears is closing its Woodfield Mall store in November, leaving the iconic retailer without a single department store in Illinois, where it built its retail empire.

The retailer’s parent company plans to redevelop the property as part of a “strategy to unlock the value of the real estate and pursue the highest and best use for ...Read more


Ice cream machine at your McDonald's broken again? The feds noticed, too

Business / Business News /

You know it’s bad when ice cream machines at McDonald’s across America are broken so often they’re a punchline for late-night jokesters. (Though blaming the Hamburglar seems too easy.)

Or when a guy comes up with an actual website — — so someone jonesing for a soft-serve vanilla cone can track which nearby Mickey D’s ...Read more

Mark Phelan/Detroit Free Press/TNS

Ford confirms plan to double F-150 Lightning production, ramp up hiring

Business / Business News /

DETROIT — A year after revealing plans to invest hundreds of millions of dollars in the iconic Rouge Complex to build the all-electric F-150 Lightning, the automaker announced Thursday that its initial plan didn't go far enough.

Ford confirmed it will double production of the highly-anticipated 2022 Ford F-150 that will be built with a ...Read more

Patrick T. Fallon/AFP/AFP/TNS

US initial jobless claims rose last week, led by Louisiana

Business / Business News /

Applications for U.S. state unemployment benefits rose last week, led by a jump in Louisiana, as Hurricane Ida continues to throw a wrench in the labor market’s broad recovery.

Initial unemployment claims in regular state programs increased to 332,000 in the week ended Sept. 11, Labor Department data showed Thursday. The median estimate in a...Read more

Chris Sweda/TNS

The end of COVID-19 homeowner protections is unlikely to bring a wave of foreclosures, but some Chicago property owners could be hit harder

Business / Business News /

CHICAGO — Facing the threat of foreclosure on her home, Carla Diamantes was shaken and frustrated.

Her South Shore house is where she grew up, and has been in her family for six decades, she said. But after challenges with her mortgage servicer and upon exiting a COVID-19 program that allowed her to defer payments, she owes thousands of ...Read more

General Motors/TNS

GM tells Bolt owners to park 50 feet from other cars in parking garages, confirms 12 fires

Business / Business News /

DETROIT — As it seeks a solution to a battery fire risk, General Motors issued yet another safety recommendation Wednesday for Chevrolet Bolt owners: If you're pulling into a parking deck, keep your car at least 50 feet away from other vehicles.

A customer's concern about the safety of leaving their electric vehicle in a parking garage led ...Read more

US retail sales unexpectedly jump in sign of resilient demand

Business / Business News /

U.S. retail sales rose unexpectedly in August as a pickup in purchases across most categories more than offset weakness at auto dealers, showing resilient consumer demand for merchandise.

The value of overall retail purchases climbed 0.7% last month following a downwardly revised 1.8% decrease in July, Commerce Department figures showed ...Read more


Real estate Q&A: Our condo board is dragging its feet on approving our buyer. What can we do?

Business / Business News /

Q: We are selling our condo, and closing is fast approaching. Our board is dragging its feet on approving our buyer. We are getting concerned because we must pack and move out, and we do not even know if our buyer will be allowed to buy our home. What can we do? — Anna

A: Selling your home can be incredibly stressful. Not only do you have to ...Read more


Carla Fried: Inflation is more reason to delay taking Social Security

Business / Business News /

The recent increase in inflation could mean retirees already receiving their Social Security benefit might see 2022 it rise by about 5%, which would be the biggest annual cost-of-living adjustment (COLA) in more than a decade.

But the even bigger payoff from a large Social Security COLA will be for anyone at least 62 who has yet to start ...Read more