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Luis Sinco/Los Angeles Times/TNS

EPA issues new clean air rules for heavy-duty trucks. California's rules are tougher

Business / Business News /

The U.S. Environmental Protection Agency issued tough new emissions standards Friday for heavy-duty trucks and buses, with the aim of cutting air pollution, addressing climate change and boosting economic growth.

California’s government enacted similar rules last year. The state rules are tougher than the Biden administration’s and are ...Read more

Netflix/Netflix/TNS

Georgia lawmakers kill effort to cap film tax credits as production hub continues to rival California

Business / Business News /

Georgia lawmakers have rejected a bill that would have limited how much the state can spend on tax incentives for film and TV production, reaffirming the increasingly popular production hub's position as one of California's biggest rivals. The legislation died this week in the Senate after easily passing through the House in February, according...Read more

Natrice Miller/The Atlanta Journal-Constitution/TNS

Four takeaways from failed legislative effort to change TV, film tax credit

Business / Business News /

During much of this year’s Georgia legislative session, a contingent of Republican legislators were determined to rein in the state’s largest corporate tax break program which benefits film and TV producers such as Netflix and Disney.

The House bill 1180 that came out in February would have added more hurdles to receive the maximum 30% tax ...Read more

John J. Kim/Chicago Tribune/TNS

UAW membership hits lowest point since Great Recession

Business / Business News /

The United Auto Workers at the end of 2023 had its fewest members since the Great Recession, despite record contracts with the Detroit Three automakers, a frenzy of labor action nationwide last year and a vocal organizing push.

The Detroit-based union recorded 370,239 members at the end of December, according to a U.S. Labor Department filing ...Read more

NATRICE MILLER/The Atlanta Journal-Constitution/TNS

Gulfstream's speedy, spacious G700 business jet gets FAA certification

Business / Business News /

Gulfstream Aerospace announced Friday its new G700 jet has finally received certification from the Federal Aviation Administration.

It has been nearly five years since Savannah, Georgia-based Gulfstream first announced plans for the G700, a ultra long-range business jet that has the most spacious cabin in its class. It has a range of 7,750 ...Read more

Hermeus/TNS

Metro Atlanta hypersonic plane startup Hermeus preps for flight tests

Business / Business News /

Doraville, Georgia-based hypersonic plane developer Hermeus unveiled a demonstration aircraft and said it plans to conduct flight testing at Edwards Air Force Base in California.

Hermeus showed off its sleek silver aircraft dubbed Quarterhorse Mk 1 during a private event at its facilities in Doraville on Thursday afternoon.

The move follows ...Read more

Dreamstime/Dreamstime/TNS

FAA halts Washington wing-walking flights, revokes owner's pilot license

Business / Business News /

The Mason Wing Walking business in Sequim that allowed paying thrill-seekers to clamber over the wings of a 1940s Stearman biplane while in flight is no more.

The Federal Aviation Administration has revoked the pilot license of Mike Mason, who flew wing-walking flights for the past 12 years in Sequim in summer and in California in the winter.

...Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing paid out $418M in bonuses to WA employees last month

Business / Business News /

Boeing paid out annual bonuses totaling $418 million to about 68,000 eligible employees in Washington state last month.

That’s down from $513 million paid to 64,000 employees a year earlier.

Companywide, this year Boeing paid out a total of $1.2 billion in annual bonuses to more than 154,000 employees.

Last year, about the same amount was ...Read more

Terrance Emerson/Dreamstime/TNS

White House yet to release sustainable jet fuel tax credit rules; corn farmers eager to mix in ethanol

Business / Business News /

A month after industry officials expected its debut, a small formula for analyzing sustainable jet fuel's carbon footprint — one that could potentially reverberate across farm country — is still under wraps.

The Biden administration wants billions of gallons in airline fuel made from biofuels, such as corn ethanol. The 2022 Inflation ...Read more

Chip Somodevilla/Getty Images North America/TNS

Fed's preferred inflation metric cools while spending rebounds

Business / Business News /

The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded.

The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from the prior month, data out Friday showed. That followed a 0.5% reading in January, ...Read more

Drew Angerer/Getty Images of North America/TNS

AI companies are courting Hollywood. Do they come in peace?

Business / Business News /

LOS ANGELES — Artificial intelligence is coming to Hollywood — but is Hollywood ready for it?

OpenAI, the company behind ChatGPT, is meeting with entertainment industry players, including executives at talent agencies and film studios, to demonstrate and explain its latest technology, Sora, which conjures videos based on what users describe...Read more

Marc Grasso/Boston Herald/TNS

2024 Maybach GLS600 is over the top

Business / Business News /

Among those who buy luxury vehicles, there are those who enjoy driving and those who enjoy being driven. This week, Grasso's Garage presents a car that has features that appeal to both: the 2024 Maybach GLS600.

Mercedes uses the Maybach nameplate for its most exquisite cars, and the GLS600 is the ultimate expression of luxurious accouterments....Read more

Lexus/Lexus/TNS

Auto review: 2024 Lexus TX 350: Is too much of a good thing even possible?

Business / Business News /

The owner of a Florida eatery once responded to a complaint about his jumbo wings with a clever advertisement: “Customers are complaining our wings are too big!”

Truth be told, some prefer medium-sized wings, but he saw it as a compliment and sales pitch.

To that point, Lexus interior designers may enjoy a buyer’s comment that his ...Read more

Genesis/Genesis/TNS

Larry Printz: America's fourth most-popular automaker reveals its aggressive product plan

Business / Business News /

NEW YORK — Call it a rite of spring, the New York International Auto Show, where the latest and greatest in automotive fashion is revealed in one of the fashion capitals of the world. Certainly, Hyundai Motor Group, which includes the Hyundai, Kia and Genesis brands, knows it, and uses it to great advantage.

And it works.

Need proof? Hyundai...Read more

The IRS wants to give California taxpayers $94 million in refunds -- if they file returns

Business / Business News /

As hard as it may be to imagine, Californians have left millions of dollars in unclaimed tax refunds with the Internal Revenue Service. And if they don't act soon, that money will go to the federal treasury.

The money was left behind by taxpayers who didn't file tax returns, mainly because they earned so little in their jobs that they weren't ...Read more

How will the Baltimore bridge collapse affect prices and the West Coast?

Business / Business News /

The collapse of the Francis Scott Key Bridge and the closure of the Port of Baltimore this week could have far-reaching implications all the way across the country for the ports of Los Angeles and Long Beach, according to several experts.

The bridge collapsed Tuesday about 1:30 a.m. when the Dali, a 985-foot-long cargo ship en route to Sri ...Read more

Dungeness crab season in Bay Area, Central Coast will come to an early end

Business / Business News /

The already-shortened 2023-2024 Dungeness crab season in the Bay Area and central California will come to an end early, in just over a week.

California Department of Fish and Wildlife officials on Thursday ordered an April 8 close to the commercial season to minimize the risk of humpback whales becoming entangled in fishing gear as they return ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Fisker had big dreams to compete with Tesla. What went wrong?

Business / Business News /

A decade ago, respected automobile designer Henrik Fisker was coming off the bankruptcy of his first car company when he contemplated his comeback. Instead of a luxury hybrid sedan, what he envisioned was an all-electric SUV that would appeal to the masses with its lower price and California beach-inspired design.

The Danish native put the car ...Read more

Nathan Leach-Proffer/Toyota/TNS/TNS

Is a plug-in hybrid better than a fully electric vehicle?

Business / Business News /

Like most things, the answer to whether one car is better than another depends on what you’re looking for.

That’s probably disappointing to hear. So it goes. This isn’t a cut-and-dry issue.

What’s the problem in the first place, you might ask? Internal combustion engines. You put in gasoline (or diesel), the fuel combusts, pushing ...Read more

Dreamstime/Dreamstime/TNS

Karlie Kloss' Bedford Media will resuscitate Life magazine as a print product

Business / Business News /

Print may be dying, but Bedford Media believes it can bring back Life.

The New York-based media holding company owned by fashion model Karlie Kloss and her husband Joshua Kushner announced Thursday it will relaunch the famed magazine as a regular newsstand publication. The title was long one of the anchor publications of Henry Luce's Time Inc. ...Read more