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Allen J. Schaben/Los Angeles Times/TNS

EV owners, beware: El Niño flooding brings risk of serious battery fires

Business / Business News /

Damage from a week's worth of high surf and El Niño-related storms brought many warnings from officials. Beaches were closed. Homes were evacuated and red-tagged.

But one alert was targeted to a specific audience: owners of electric vehicles that were submerged by the flooding.

"If you notice smoke, hissing, popping or unusual heat, move ...Read more

UWE FISCHER/BMW/TNS

Auto review: 2026 BMW M2 CS is a glorious waste of fuel, money and common sense

Business / Business News /

Thank goodness for BMW, which still builds cars for people who enjoy driving rather than merely enduring it. The 2026 BMW M2 CS is a compact, two-door sports coupe for those who adore BMW’s gloriously primitive idea of self-propelled progress: more power, less weight, and the lunatic notion that driving ought to be fun.

Making a car fast is ...Read more

Universal Pictures/TNS/TNS

Movie studio behind 'Cocaine Bear' is ready to break into data centers

Business / Business News /

The Atlanta film studio that produced Marvel’s “Loki” and “Cocaine Bear” is ready to break into the data center business, but it’s meeting resistance at every turn.

Shadowbox Studios, backed by private equity giant Silver Lake and hedge fund firm Commonwealth Asset Management, wants to construct an up-to-651-megawatt data center in ...Read more

Maddie Meyer/Getty Images North America/TNS

Harvard fund hits record $68 billion after 27% annual return

Business / Business News /

Harvard University’s endowment jumped to a record $68 billion as successful bets on equities and venture capital including SpaceX holdings helped the richest U.S. college weather an unprecedented pressure campaign from President Donald Trump.

The fund returned 27% and donations rose to $1.5 billion, Harvard said Thursday in a financial ...Read more

Neydtstock/Dreamstime/TNS

Ford supplier cuts jobs in Michigan as some work sent to India

Business / Business News /

A Ford supplier in Sterling Heights, Michigan, filed a notice with the state that it's permanently laying off more than 150 people because some of the business is going to India, according to a source familiar with the automaker's plans.

Kern J.G. Enterprise Inc. filed the Worker Adjustment and Retraining Notification, citing "unforeseeable ...Read more

David Guralnick/The Detroit News/TNS

Detroit's Renaissance Center embroiled in dispute over what constitutes affordable housing

Business / Business News /

DETROIT — Developers of the proposed $2.2 billion Renaissance Center project are resisting calls for deeper affordable housing commitments, as Detroit residents press for lower rents and millions of dollars in housing assistance in exchange for public subsidies toward a reimagining of the iconic riverfront complex.

Nearly 200 apartments in ...Read more

Michael M. Santiago/Getty Images North America/TNS

NYC's iconic Plaza Hotel to close down for 4-year facade renovation

Business / Business News /

New York City’s iconic Plaza Hotel is closing for a four-year renovation of its historic facade.

The closure, which is set to begin in Jan. 2027, will accommodate repairs to the hotel’s landmarked exterior, ensuring guest safety and adhering to preservation requirements, Plaza management said in a statement Wednesday.

The hotel operators ...Read more

Dreamstime/Dreamstime/TNS

After nearly buying Warner Bros., Netflix is laying off 1,000 workers. What happened?

Business / Business News /

It was a crowning moment. Netflix appeared to have prevailed in an audacious$82.7 billion deal to scoop one of the industry’s most prestigious studios: Warner Bros. The move seemed to cement Netflix’s status as the ultimate Hollywood gate-crasher and its dominance as the leading new player in media.

Now, nearly a year later, the plotline ...Read more

Ronaldo BolaÒos/Los Angeles Times/TNS

Inside a California shopping center's struggle to reinvent mall food

Business / Business News /

LOS ANGELES — Westfield Topanga is one of Southern California's most popular malls, but it has grappled with what to do with the empty space left when it lost its Sears.

Joining a national wave of malls trying to become fancy food destinations, it launched its food hall — Topanga Social — in 2023, with high-end menus and an upgraded ...Read more

Eric Thayer/Los Angeles Times/TNS

AI robots are roaming LA grocery store aisles. Shoppers and workers are worried

Business / Business News /

LOS ANGELES — The robot takeover looks a lot different from what we see in Hollywood thrillers.

Even as artificial intelligence-powered humanoid robots dance, box and beat human running-speed records, the physical bots showing up in our daily lives in Los Angeles are less Terminator and more R2-D2.

On a Wednesday afternoon at Ralphs on Pico ...Read more

Real estate Q&A: What should we check before we buy a house near the water?

Business / Business News /

Q: We found a beautiful home a few blocks from the water and are ready to make an offer. Friends keep warning us about flood zones and insurance, and one even mentioned something called an elevation certificate. We don’t want to talk ourselves out of a house we love, but we also don’t want a nasty surprise. What should we check before we buy...Read more

Dreamstime/Dreamstime/TNS

Terry Savage: Your questions answered on Medicare open enrollment

Business / Business News /

Yes, Medicare open enrollment is complicated — even if you already have coverage that you like.

Everyone, and that means everyone, must review their current coverage and see what changes are coming to their current coverage for 2027. You simply can’t afford to be surprised not only by rising prices but by changes in providers and ...Read more

Michael Vi/Dreamstime/TNS

Universal Music Group's top Republic and Def Jam executives exit in restructuring

Business / Business News /

Several top executives are leaving Universal Music Group, including the heads of Def Jam Recordings and Republic Records, while other leaders prepare to take on larger roles, according to an internal announcement on Wednesday.

Republic Records Chairman and Chief Executive Jim Roppo is among the biggest names leaving. Hours after news of his ...Read more

Grid emergency spurs renewed calls for more mid-Atlantic power generation

Business / Business News /

Baltimore Gas and Electric and its sister utilities renewed calls for boosting power generation Wednesday after the federal government issued an emergency order aimed at preventing blackouts in Maryland and throughout the mid-Atlantic.

The U.S. Department of Energy issued the order, in effect through Friday, because of unusually warm fall ...Read more

Josh Edelson/AFP/Getty Images North America/TNS

OpenAI vows not to use trade secrets allegedly taken from Apple

Business / Business News /

OpenAI agreed not to use trade secrets that Apple Inc. claims were stolen by employees who defected from the iPhone maker to the artificial intelligence startup while a legal fight between the companies plays out.

The ChatGPT maker made the voluntary concession during a court hearing Wednesday in which a federal judge said he was “highly ...Read more

Alex Kormann/Minnesota Star Tribune/TNS

ICE's Operation Metro Surge cost Twin Cities a reported 32,000 jobs

Business / Business News /

Operation Metro Surge cost Minnesota 32,000 jobs, a new study found.

The job losses followed the immigration crackdown between December and February, which included about 4,000 arrests, according to the report by the Minnesota Budget Project and the Immigration Research Initiative. It’s the latest report showing the economic harm caused to ...Read more

Saul Loeb/AFP/Getty Images North America/TNS

Fed Beige Book shows intensifying price growth in some areas

Business / Business News /

Half of the 12 Federal Reserve districts saw robust or intensifying price pressures in recent weeks as higher energy prices permeated the local economies, according to a survey of the central bank’s regional contacts.

Businesses in many of the central bank’s districts also noted inflation from other commodities, tariffs and insurance, ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

US mortgage rates reach 7.5%; home-buying slump hits sixth week

Business / Business News /

U.S. mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week.

The contract rate on a 30-year fixed mortgage ticked up 1 basis point to 7.50% in the week ended Oct. 9, still the highest level since November 2023, according to Mortgage Bankers Association data released Wednesday. Rates are up nearly 1 ...Read more

John T. Greilick/The Detroit News/TNS

Patients face cutoff of cheaper prescriptions from Canada

Business / Business News /

For Kathryn Branham, the cost of a blood thinner she and her terminally ill husband both take could jump by hundreds of dollars a month if they can no longer order the medication from a Canadian pharmacy.

Branham estimates the Royal Oak, Michigan, couple pays about $300 a month for Eliquis through a pharmacy in British Columbia, compared with ...Read more

Kevin Dietsch/Getty Images North America/TNS

US retirees to get another $75 a month for 2027 Social Security

Business / Business News /

Monthly checks for nearly 72 million Americans receiving Social Security benefits will increase by 3.6% in 2027, the most in four years.

The cost-of-living adjustment, known as COLA, will apply to Social Security benefits starting in January and increase the average benefit for retired workers by $75 per month to $2,170, the Social Security ...Read more