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Paste Magazine buys Jezebel, wants to 'bring in Gen Z voices' to revive the feminist site

Business / Business News /

Weeks after it was shuttered, Jezebel is back.

Atlanta-based pop culture publication Paste Magazine has acquired the feminist news and opinion publication, with hopes of revamping the once-influential website.

And its professed target audience? Gen Z.

"I think of (Jezebel) as the quintessential site for millennial women who grew up on this, ...Read more

Robin Platzer/Twin Images/ZUMA PRESS/TNS

Disney says ousted Marvel boss has 'personal agenda' against Bob Iger amid proxy fight

Business / Business News /

Activist investor Nelson Peltz is barreling forward with his proxy fight against Walt Disney Co. as his firm, Trian Fund Management, seeks two seats on Disney’s board.

On Thursday, Trian said Disney’s recent appointment of Morgan Stanley Chief Executive James Gorman and former Sky CEO Jeremy Darroch to the board was not enough to “restore...Read more

How real estate agents get paid at issue in high-stakes Georgia lawsuit

Business / Business News /

A class action lawsuit filed in a Georgia federal court that’s modeled on one that resulted in a huge judgment against brokers in Missouri threatens to shake up the local housing market, mainly by revamping the way that real estate agents for homebuyers are paid.

In the Georgia suit, plaintiffs argue that Realtors groups and brokers have ...Read more

Ford shares new guidance after UAW strike costs it $1.7B

Business / Business News /

Ford Motor Co. on Thursday said it's anticipating full-year adjusted operating income of $10 billion to $10.5 billion in 2023 that reflects $1.7 billion in lost profits from the United Auto Workers' 41-day strike against it.

The Dearborn automaker had withdrawn its annual guidance last month pending the ratification of a tentative agreement ...Read more

Dreamstime/TNS

US pending home sales index drops to lowest level on record

Business / Business News /

A gauge of pending sales of existing U.S. homes fell to its lowest level on record in October, illustrating a resale market battered by high borrowing costs and prices.

The National Association of Realtors’ index of contract signings to purchase previously owned homes declined 1.5% to 71.4, the lowest in data back to 2001, the group reported ...Read more

Aric Crabb/Bay Area News Group/TNS

Free rent? With apartment supply increasing, Bay Area landlords turn to concessions

Business / Business News /

A $2,000-a-month studio apartment might not be considered a good deal in most parts of the country. But in the Bay, it might be — especially if the landlord throws in a sweetener.

At least, that’s how Gwen Wang, 23, felt when she got a discount on a new studio in the Skylyne Apartments in Oakland. Her complex offered two months rent free on...Read more

Sia Kambou/AFP/GETTY IMAGES NORTH AMERICA/TNS

Lawsuit targets Cargill, other food companies for child labor in cocoa supply chain

Business / Business News /

Activists are again accusing Cargill and other major food companies of buying cocoa from West African farms that force children to work in unsafe conditions.

A lawsuit filed Wednesday in the Superior Court of the District of Columbia alleges Cargill, Mondelez, Mars Inc. and the company's leaders "have done little to address the ongoing and ...Read more

Real estate Q&A: Can I sell rental property before tenant's lease is up?

Business / Business News /

Q: We are moving out of town for a job opportunity and have decided to sell our rental property. The lease still has six months to go. Do we need to wait until the tenant moves to be able to sell? If not, what do we do? — Yami

A: You can sell the property in the middle of the lease.

Besides dealing with a new landlord, the lease remains ...Read more

Erika Schultz/The Seattle Times/TNS

Is Amazon following Jeff Bezos to Miami? Not exactly

Business / Business News /

Amazon is searching for office space in Miami — but founder Jeff Bezos' new hometown will occupy only a small portion of the company's massive corporate footprint.

A spokesperson for Amazon confirmed Tuesday that the company is looking to lease 50,000 square feet of office space in Miami, a process that started before Bezos said he planned to...Read more

Angelina Katsanis/Minneapolis Star Tribune/TNS

Can't buy a house because you don't have a down payment? Help is on the way

Business / Business News /

Scraping up a down payment to buy a house isn't easy, so Freddie Mac wants to help.

The federal mortgage giant recently launched DPA One, a website that connects buyers with dozens of down payment assistance programs offered by state housing finance agencies in 48 states.

There's a bonus for Minnesota buyers trying to navigate higher rates and...Read more

Slaven Vlasic/Getty Images North America/TNS

Elon Musk tells off Disney's Iger, other fleeing advertisers in Dealbook interview

Business / Business News /

Stung by an advertiser boycott and accusations of antisemitism, Elon Musk didn't hide his hurt feelings in an onstage interview at the New York Times' DealBook Summit conference.

"Go f— yourself," he said to the advertisers who have fled social media platform X, formerly Twitter.

Then, apparently addressing Disney chief executive Bob Iger in...Read more

Richard Tribou/Orlando Sentinel/TNS

With Puerto Rico market in mind, Norwegian Cruise Line christens new ship Viva

Business / Business News /

MIAMI — Norwegian Cruise Line dropped the balloons and smashed the champagne to christen its newest ship Norwegian Viva with the help of ship godfather and Latin music star Luis Fonsi, who as a Puerto Rican native praised the company’s decision to send its new ship to the island for its first winter season.

“Viva is homeporting in San ...Read more

Octavio Jones/Getty Images North America/TNS

MyPillow CEO Mike Lindell hires outside law firm to defend against defamation suits

Business / Business News /

MyPillow and its CEO, Mike Lindell, have hired a new law firm to defend them in election-related defamation cases after Lindell's attorneys withdrew from the cases this fall, citing millions in unpaid fees.

Lindell told a federal judge in Colorado on Tuesday morning he expects Virginia-based McSweeney Cynkar & Kachouroff to formally join his ...Read more

Robin Buckson/The Detroit News/TNS

This road in Detroit is the first in the country to charge an EV, project leaders say

Business / Business News /

DETROIT — A new quarter-mile stretch of road in Detroit can charge electric vehicles as they zoom down the street — a first in the nation, according to project leaders.

The Michigan Transportation Department and city of Detroit on Wednesday opened the segment on 14th Street between Marantette and Dalzelle streets near Michigan Central ...Read more

John Smierciak/Chicago Tribune/TNS

US Steel closes Illinois furnace 'indefinitely,' warns 1,000 of layoffs

Business / Business News /

GRANITE CITY, Illinois — The last operating blast furnace at U.S. Steel's plant in Granite City will remain idled indefinitely, the company said Tuesday, extending a closure first billed as temporary.

The company on Tuesday also notified 600 additional employees that they might lose their jobs.

U.S. Steel spokeswoman Amanda Malkowski, ...Read more

General Motors/General Motors/TNS

Chevy Tahoe/Suburban: More tech, more screen, more engine choices

Business / Business News /

WARREN, Michigan — For its 12th generation in 2021, the Chevy Suburban (and sister Tahoe) mega-SUV went to the gym. In a complete body makeover, the pickup truck-based twins shed 300 pounds, gained 10 inches of length, an off-road Z71 model, and acres of interior room thanks to a space-saving independent rear suspension.

For their mid-product...Read more

Jose M. Osorio/Chicago Tribune/TNS

Groupon is downsizing once-massive Chicago headquarters

Business / Business News /

Struggling online marketplace Groupon, whose massive River North headquarters were once the nexus of the Chicago tech ecosystem, is moving to the Loop and downsizing to a 25,000-square-foot space in the Leo Burnett building.

In January, Groupon will make the 25th floor of 35 West Wacker Drive its new Chicago home on a 22-month sublease from ...Read more

Daniel Mears/The Detroit News/TNS

UAW organizing campaign seeks to double autoworker membership

Business / Business News /

The United Auto Workers on Wednesday said its new organizing campaign seeks to double its auto industry membership.

The campaign that the union describes as an "unprecedented" effort targets autoworkers at more than a dozen non-union automakers. That would encompass nearly 150,000 non-union autoworkers. The Detroit-based union has 146,000 ...Read more

Gary Coronado/Los Angeles Times/TNS

Adjunct film professors at USC move to unionize: 'Enough is enough'

Business / Business News /

Adjunct professors at the University of Southern California's prestigious film school are moving to unionize in pursuit of higher pay, benefits, better working conditions, expanded career opportunities and other demands.

The college's Adjunct Faculty Alliance-UAW announced that its colleagues at the USC School of Cinematic Arts will march ...Read more

Lexus/TNS/TNS

Detroit Three fail to make top 10 in new Consumer Reports reliability study

Business / Business News /

The Detroit Three automakers once again had a subpar performance in the latest Annual Auto Reliability study from Consumer Reports.

Bested by the Asian automakers, not one Detroit Three brand made the top 10 in the study, which was released Wednesday during an online press conference with the Automotive Press Association.

The top five brands ...Read more