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Vista Outdoor gives American investors another chance to raise their bid

Business / Business News /

The board of directors of Vista Outdoor is giving Texas-based investment group MNC Capital another chance to raise its bid to acquire the company's ammunition and outdoor products brands.

MNC Capital was in early discussions to acquire Vista Outdoor's ammunition companies and made bids for the entire company after Vista selected Prague-based ...Read more

Genaro Molina/Los Angeles Times/TNS

Millions could lose internet access if this federal program expires

Business / Business News /

Four years ago, Claudia Aleman and her family had only one way to get online — through their cellphones. Without internet service on a computer, her youngest daughter couldn’t get homework assignments in on time, her parents couldn’t keep up with online doctor visits, and the English classes she wanted to sign up for were out of reach.

...Read more

Wally Skalij/Los Angeles Times/TNS

Firefighter, forester, trail builder: The first US Climate Corps jobs are here

Business / Business News /

Restoring coastal ecosystems with oysters in Florida, protecting forests from wildfire in California and maintaining a cultural site (the Pearl Harbor National Memorial) in Hawaii: These are a few of the paid positions that job seekers can now apply for through the Biden administration’s American Climate Corps.

The first batch of job listings...Read more

UnitedHealth data leak may affect 'substantial' swath of US

Business / Business News /

UnitedHealth Group Inc. found files containing private information on a vast number of Americans whose data may have been compromised in a February cyberattack that upended the U.S. health system.

A sample of the breached files found they contain personal information, including health data, that “could cover a substantial proportion of people...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

David Ellison's journey from trust fund kid to media mogul vying to buy Paramount

Business / Business News /

When David Ellison, the mega-rich aerobatic pilot and Ferrari-driving son of multibillionaire Oracle co-founder Larry Ellison landed in Hollywood, he was viewed as yet another trust fund scion with Klieg lights in his eyes and an enviable bank account.

Unlike most Hollywood neophytes of his ilk, however, Ellison did not flame out in ignominy or...Read more

Silviya Arsova/Dreamstime/TNS

US sues to block $8.5 billion marriage of Coach, Michael Kors

Business / Business News /

The U.S. Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd., marking the first time the Biden administration has used its aggressive antitrust enforcement to try to stop a deal in the fashion accessories sector.

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices ...Read more

Dreamstime/Dreamstime/TNS

ADM says former CFO Luthar to resign after accounting probe

Business / Business News /

Archer-Daniels-Midland Co. said former Chief Financial Officer Vikram Luthar, who was placed on leave earlier this year amid an accounting investigation, has agreed to resign effective Sept. 30.

Luthar, who was suspended in January, will be “available to assist the Company and provide transitional support as needed” as a non-executive ...Read more

Jerry Jackson/The Baltimore Sun/TNS

Businesses worry about extended Baltimore port shutdown, Federal Reserve says

Business / Business News /

The shutdown of vessel traffic in and out of Baltimore’s harbor since the Francis Scott Key Bridge collapse March 26 has caused shipping delays but so far no widespread price increases, a Federal Reserve report says.

Businesses said they can manage a short-term disruption but are concerned about an extended shutdown, according to the Federal ...Read more

David Carson/St. Louis Post-Dispatch/TNS

Ameren coal plant is top polluter. Labadie emits more SO2 than any in US

Business / Business News /

ST. LOUIS — The region's largest coal plant, the Labadie (Missouri) Energy Center, last year emitted far more of a major air pollutant than any plant in the country, a Post-Dispatch analysis has found.

Companywide, the St. Louis-based electric utility Ameren, which owns Labadie, produced more of the pollutant sulfur dioxide than all but one ...Read more

Dreamstime/Dreamstime/TNS

Survey: More than 1 in 3 American travelers plan to go into debt for their summer vacations this year

Business / Business News /

Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?

A new Bankrate survey found that only about half (53%) of Americans are planning a summer ...Read more

Karl Mondon/Bay Area News Group/TNS

PG&E strives to slow pace of increases in electric and gas bills: company CEO

Business / Business News /

RICHMOND, California — PG&E’s top boss held out hope Monday to the utility’s beleaguered ratepayers that they can expect customer monthly bills to flatten out and someday even fall below the current sky-high utility prices.

The utility titan is working effectively nonstop to scout for ways to curb the head-spinning surge in monthly bills ...Read more

Elijah Nouvelage/Getty Images North America/TNS

Michael Hiltzik: The UAW sends a lightning bolt into anti-union states with a huge victory at a VW plant

Business / Business News /

Until Friday, the phrase "union victory at Chattanooga" could mean only one thing: the defeat of a Confederate army by forces under U.S. Grant at the Battle of Chattanooga in late November 1863.

No longer. On Friday, the United Auto Workers scored a decisive victory at a Volkswagen plant in Chattanooga, Tennessee, as workers voted ...Read more

Brendan Smialowski/Getty Images of North America/TNS

TikTok digs in to fight US ban with 170 million users at stake

Business / Business News /

Four years ago, when the Trump administration threatened to ban TikTok in the U.S., its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.

Once again, the U.S. government is aiming to shut down TikTok unless it’s divested from Beijing-based ByteDance. But the company ...Read more

Win McNamee/Getty Images North America/TNS

As Boeing faces new scrutiny, families of Max crash victims still in limbo

Business / Business News /

In the five years since two Boeing 737 Max crashes left hundreds grieving around the globe, the families who lost loved ones have been quietly fighting a legal battle against the airplane manufacturer.

Both crashes — killing 189 people in Indonesia in October 2018 and 157 people in Ethiopia four months later — were caused by flawed flight ...Read more

Brendan Smialowski/Getty Images of North America/TNS

TikTok digs in to fight US ban with 170 million users at stake

Business / Business News /

Four years ago, when the Trump administration threatened to ban TikTok in the U.S., its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.

Once again, the U.S. government is aiming to shut down TikTok unless it’s divested from Beijing-based ByteDance. But the company ...Read more

Dimitrios Kambouris/Getty Images North America/TNS

Elon Musk and Tesla: Is the CEO's controversial behavior responsible for company's struggles?

Business / Business News /

The richest man in the world says and does what he wants. And often, it’s contentious and provocative.

Tesla CEO Elon Musk has attacked U.S. election integrity, embraced white-supremacist propaganda and accused President Joe Biden of treason. He even smoked pot on Joe Rogan’s provocative podcast.

Today, the pioneering electric-car company ...Read more

Téa Kvetenadze/New York Daily News/TNS

National grocery chains try going small in New York City

Business / Business News /

NEW YORK — Some big-name national grocery chains are testing the waters of a scaled-down approach in New York City, opening grab-and-go-style mini stores to whet the appetites of busy locals and possibly lure new customers by expanding to more neighborhoods.

Trader Joe’s opened a relatively small store in March dubbed Pronto on 14th Street ...Read more

Robin Buckson/The Detroit News/TNS

'Keeps the momentum': What the UAW's Volkswagen win means for its organizing campaign

Business / Business News /

The United Auto Workers’ organizing victory at Volkswagen AG's plant in Tennessee is a critical early momentum-builder as the union turns to more auto and battery plants across the South, experts say, but further successes aren't a foregone conclusion.

The Volkswagen landslide in Chattanooga, where 73% of voting workers backed UAW ...Read more

Richard Tsong-Taatarii/Star Tribune/TNS

Thrivent has found a way for everday folks to get a piece of the private equity market

Business / Business News /

Private equity has been an outperforming investment options for years, but it's not been an option for most investors.

Private equity investment options have generally been reserved for institutional investors or people who have at least $5 million or more to commit. That has left the bulk of investors watching from the lobby.

Now Minneapolis-...Read more

Dreamstime/Dreamstime/TNS

Motormouth: Benefits of a gentle stop?

Business / Business News /

Q: I have come across motorists whose brake lights come on hundreds of feet before a stop light. Brake lights come on, the vehicle immediately slows and it eventually comes to a complete stop at the light. Strictly in terms of brake wear, does a gentle stop over a long distance and time wear out the brakes less than a firmer stop (no skid marks)...Read more