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E. Jason Wambsgans/Chicago Tribune/TNS

United Airlines pilots accept deal to avoid nearly 3,000 furloughs

Business / Business News /

CHICAGO - United Airlines pilots agreed to a deal that will spare almost 3,000 pilots from furloughs through at least June.

Pilots agreed to work fewer hours, with the most junior pilots who were at greatest risk of furloughs facing the greatest reductions, according to the union representing United's 3,000 pilots, the Air Line Pilots ...Read more

Andrei Gabriel Stanescu/Dreamstime/TNS

Target Deal Days, Amazon Prime Day both in October

Business / Business News /

Target plans to launch its two-day Deal Days sale in October, coinciding with competitor Amazon's Prime Day two-day event.

Both sales - being held Oct. 13 and 14 - come months later than usual as the normal retail schedule was upended by COVID-19. Last year, both Amazon and Minneapolis-based Target held their sales in mid-July.

Target Deal ...Read more

Nelvin C. Cepeda/San Diego Union-Tribune/TNS

GoFundMe a go-to for struggling businesses, families, pet owners

Business / Business News /

SAN DIEGO - Some are to help laid-off restaurant workers or struggling breweries. Others are to keep dance studios open. Several are for smaller, personal expenses such as veterinarian bills.

But the online fundraisers all have one thing in common. Each of the GoFundMe posts are from a person, business or organization hurting financially during...Read more

Dreamstime/Dreamstime/TNS

TikTok ban by Trump likely exceeded authority, judge says

Business / Business News /

A federal judge in Washington said he blocked the Trump administration's proposed ban on the popular Chinese-owned TikTok app on Sunday because the U.S. government likely overstepped its authority.

In an opinion unsealed on Monday, U.S. District Judge Carl Nichols explained his reasoning for temporarily blocking a ban on new TikTok downloads ...Read more

Zbigniew Bzdak/Chicago Tribune/TNS

Steel giant ArcelorMittal to sell US business in $1.4B deal

Business / Business News /

ArcelorMittal's U.S. operations, which include Indiana Harbor, the largest integrated steelmaking facility in North America, will be sold to Cleveland-Cliffs for $1.4 billion in cash and stock.

The transaction, announced early Monday, will make Cleveland-Cliffs the largest flat-rolled steel producer and largest iron ore pellet producer in North...Read more

Joshua Roberts/Getty Images North America/TNS

Column: Let's put Donald Trump's $750 annual tax payment in perspective

Business / Business News /

The headline nugget in the expose of Donald Trump's taxes published Sunday by the New York Times is that Trump paid $750 in federal income tax in 2016 and 2017.

In many other years, he paid nothing, the Times reported. But let's put those $750 payments in context, so we can have a sense of the scale of his reported ripoff of all other American ...Read more

Susan Tompor/Detroit Free Press/TNS

Susan Tompor: Mystery shopper, fake job offers target people stretched for cash during pandemic

Business / Business News /

Tosha Waggoner, 33, of Newport, Mich., would love to land a job. But she wasn't sure that depositing a $6,000 check that arrived out of the blue was the right way to get one.

Admittedly, her job hunting prospects have been bleak after she gave birth to a daughter in April, when many businesses had closed their doors during the pandemic. Her ...Read more

Small firms less apocalyptic as 60% see survival past 6 months

Business / Business News /

America's small businesses are slightly more bullish about their own survival than five months ago, with a majority now saying they expect to be operating beyond six months even if current conditions persist, according to a new survey.

Sixty percent of business owners said they will be able to remain open for more than a half-year, up from 46% ...Read more

Christmas shopping poised to show inequity in K-shaped recovery

Business / Business News /

This Christmas will be one of exorbitant spending and lavish gifts for many American families. It'll also be one of tight budgets and difficulty putting food on the table for many others.

That's the effect of the pandemic recession, which is exacerbating inequalities between the rich and the poor.

High-paid U.S. workers are benefiting from a ...Read more

Croptober is going up in smoke amid wildfires

Business / Business News /

October usually heralds the harvest of outdoor cannabis plants, affectionately known as "Croptober." But this fall, something more serious is in the air: smoke from the wildfires that are ravaging California and Oregon.

Fires are clustered in Northern California's "Emerald Triangle" and a pair of Oregon counties, areas that are among the nation...Read more

Dreamstime/TNS

Feds target predatory lenders to small business, but Pennsylvania remains a haven for the industry

Business / Business News /

Last summer, Philadelphia lawyer Shane Heskin told Congress that Pennsylvania has robust laws to prevent consumers from being gouged on loans - but none protecting business owners.

"Consumers have laws protecting them from usurious interest rates," he said. "But for small businesses, those protection laws don't apply at all."

Heskin defends ...Read more

Stephen Brashear/Getty Images North America/TNS

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

Dreamstime/Dreamstime/TNS

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

Mel Melcon/Los Angeles Times/TNS

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

Toyota/TNS/TNS

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

Kris Tripplaar/Sipa USA/TNS

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

Dreamstime/TNS/TNS

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