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Subaru recalls 120K Legacy and Outback vehicles over airbag defect

Business / Business News /

Subaru is recalling nearly 120,000 vehicles over defective airbags.

The recall covers 118,723 Legacy sedan and Outback crossover models from 2020-2022 with a sensor issue that could prevent the front passenger airbag from deploying during a crash, according to documents the Japanese automaker filed with the National Highway Traffic Safety ...Read more

Anda Chu/Bay Area News Group/TNS

Power up: PG&E says electricity plan can boost Silicon Valley innovation and economy

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SAN JOSE, California — PG&E is pushing forward with quests to help bolster Silicon Valley’s economy and innovation future, including major South Bay and East Bay electricity projects, utility officials said Wednesday.

Executives with PG&E appeared at a power breakfast in downtown San Jose that was sponsored by law firm Hoge Fenton, using ...Read more

Robin Platzer/Twin Images/Zuma Press/TNS

In Disney proxy battle, second firm urges shareholders to elect Nelson Peltz

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One week before a highly anticipated shareholder vote, Walt Disney Co. sustained another blow as a second advisory firm recommended that investors elect billionaire Nelson Peltz to the entertainment giant's board of directors.

Peltz, the Trian Fund Management founder, has gained steam in the closing weeks of his proxy campaign against Disney's ...Read more

Timothy A. Clary/AFP/Getty Images North America/TNS

Michael Hiltzik: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him

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Based on the conflicting pre-sentencing reports submitted to the judge who will sentence Sam Bankman-Fried on Thursday on seven fraud counts, you might think this is a complicated case.

After all, the submissions paint drastically different pictures of Bankman-Fried. His lawyers say, in effect, that there are no victims in the case, because no ...Read more

FORD/TNS

Mustang Sydney: Ford's partnership with actress Sydney Sweeney a fit for both parties

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Just call her Mustang Sydney.

Sydney Sweeney, the bombshell 26-year-old actress who is fast becoming one of Hollywood's brightest young stars, has completed her latest collaboration with Ford Motor Co. In partnership with the Dearborn automaker, Sweeney designed a custom Mustang GT, which was given away to a fan as part of a contest that ...Read more

Hector Amezcua/The Sacramento Bee/TNS

California plan to make home, auto insurance rate increases happen more quickly criticized

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The California Department of Insurance wants companies to be able to raise their prices for home and auto policies more quickly in the state.

Yet major companies aren’t a fan of how it plans to do so.

That message was shared clearly by representatives of key insurance trade groups at a hearing Tuesday.

“As currently drafted we do not ...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

Thank God It's ... Thursday? These companies have embraced the four-day work week

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Software engineer Julian Plotnick made a pitch to his company’s CEO last year: Let me work one less day per week, 32 hours total, without a cut in pay.

The answer was yes, and after six months of Plotnick testing it out, the Philadelphia consulting firm Metropolitan Acoustics is working on transitioning its entire 12-person staff to a four-...Read more

Erin Hooley/Chicago Tribune/TNS

Biden's biofuel push risks dethroning corn as king of US crops

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American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops.

President Joe Biden’s decarbonization plan and the huge subsidies it offers to green energy are boosting demand for soybean oil, key to renewable ...Read more

Richard Tsong-Taatarii/Star Tribune/TNS

Some Minnesota cities want to impose fees on internet providers; customers could pay the price

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Minnesota cities are asking the Legislature for power to slap internet providers with new fees, an idea they say will lead to more broadband in the state with the added bonus of helping to pay for basic government access programming like video of council meetings.

But the idea has caused a stir at the Capitol, where telecom groups and ...Read more

Disneyland is now a historic theme park district: What's that mean for future projects?

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The DisneylandForward environmental impact report identifies the potential Disneyland Theme Park Historic District as eligible for listing in the National Register of Historic Places – which automatically places the district on the California Register of Historical Resources.

The DisneylandForward proposal seeks to update a 1990s Anaheim, ...Read more

Adrian Wooldridge: In US antitrust war, bet on Brandeis not Bork

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These are boom times for antitrust lawyers. Not only is the volume of high-paying work exploding. On March 21, the Department of Justice added Apple Inc. to the list of tech giants that are under scrutiny (the DoJ is already investigating Alphabet Inc. and the Federal Trade Commission is investigating Amazon.com Inc. and Meta Platforms). Then on...Read more

South Florida yacht brokers hit with lawsuits that claim 10% commissions violate antitrust laws

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Two newly filed federal lawsuits claim that 10% sales commissions required by South Florida’s yacht broker industry are anticompetitive and violate antitrust laws.

The claims follow an October finding by a federal jury in Kansas City, Missouri, that the National Association of Realtors conspired with brokers to artificially inflate ...Read more

Karl Merton Ferron/The Baltimore Sun/TNS

Titanic law helps ship owner limit bridge collapse liability

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The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern U.S. transportation network into chaos.

But legal experts said there is a path for reducing liability under an obscure 19th-century law once invoked ...Read more

PATRICK T. FALLON/Getty Images North America/TNS

Costco cracking down on non-members eating at food courts

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Costco is cracking down on non-members eating at its wallet-friendly food courts.

The wholesale store has become known for its cheap eats as much as for allowing everyday consumers to buy in bulk, with the $1.50 hot dog combo and cheap pizza slices, or whole pies, becoming favorites.

According to social media reports, diners will be required ...Read more

Stefani Reynolds/Getty Images of North America/TNS

Trump media climbs 16% to $7.9 billion post-SPAC deal valuation

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Former president Donald Trump’s social media startup whipsawed in its first session as a publicly traded company, after the most high-profile blank-check deal in years added billions to his fortune — at least on paper.

Shares of Trump Media & Technology Group Corp. jumped nearly 59% on Tuesday and briefly triggered a volatility-related ...Read more

David Ryder/Getty Images North America/TNS

Boeing at risk of Moody's downgrade on cash flow concerns

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Boeing Co., the jet maker that on Monday unveiled a sweeping leadership overhaul, may have its credit rating downgraded by Moody’s Ratings as a safety crisis weighs on the company’s production and revenue.

The ratings provider placed Boeing’s Baa2 senior unsecured rating on review for downgrade from stable, according to a statement on ...Read more

Chip Somodevilla/Getty Images North America/TNS

Experts say Medicaid rebate change is behind inhaler price cuts

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A recent tweak to a Medicaid formula could be behind the shake-up to inhaler products, a series of changes that have both benefited and harmed patients with asthma and chronic obstructive pulmonary disease, or COPD.

Three of the four major inhaler manufacturers have announced plans to cap patient copays for all their inhalers at $35 a month in ...Read more

Jerome Adamstein/Los Angeles Times/TNS

Amazon's pharmacy will offer same-day delivery in LA and NYC and plans to expand

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Amazon will soon offer same-day delivery of several prescription medications in Los Angeles and New York, yet another example of the online shopping giant's bet on consumers' growing dependence on ease and speed.

As Amazon Pharmacy expands into the nation's two biggest markets, Angelenos and New Yorkers will be able to order several common ...Read more

Drew Angerer/Getty Images North America/TNS

TransUnion nearly doubles previously announced layoffs to 640 employees in Illinois

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Chicago-based credit reporting giant TransUnion is nearly doubling its statewide layoffs to 640 employees as part of a broader cost savings initiative announced last year.

The company previously reported that 339 employees would be laid off beginning in February, but an additional 301 are also receiving pink slips in Illinois, according to a ...Read more

Glen Stubbe/Minneapolis Star Tribune/TNS

Pigs' blood leaks from Minnesota Hormel plant, contained before reaching river

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Equipment malfunctions at Hormel Food Corp.'s Austin, Minnesota, plant this month caused thousands of gallons of pigs' blood, grease and other detritus to leak into the city's sewer system.

It occurred at such a large volume the debris overwhelmed the city's system for several days.

City officials said they found a "strong waste discharge" in ...Read more