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Karlie Kloss' Bedford Media will resuscitate Life magazine as a print product
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
Instacart settles over alleged labor violations for nearly $750K
Grocery delivery company Instacart will pay nearly $750,000 to settle allegations it failed to comply with Seattle's law mandating gig workers receive paid sick and safe time.
The settlement came following an investigation by Seattle's Office of Labor Standards.
App-based companies like Instacart, DoorDash, Uber and Lyft were required for the ...Read more
Landlord incomes climb in NYC, touching off annual battle over rent increases
The board that decides on lease adjustments for millions of rent-stabilized New Yorkers held its first public meeting of the year on Thursday in which they set the stage for the fraught annual battle between landlords and tenants over rent hikes.
The nine-person Rent Guidelines Board (RGB) — whose members are appointed by the mayor — met to...Read more
AMC Theatres shares plummet as theater chain reels from box office struggles
AMC Entertainment shares plummeted Thursday after the theater chain indicated in an SEC filing that it might sell up to $250 million worth of its stock.
The Leawood, Kansas-based exhibition giant said it was considering selling the stock to offset its poor box office revenue during the first fiscal quarter of 2024. Hours after the filing came ...Read more
Real estate Q&A: How can I protect myself against wire transfer scams?
Q: I am buying a house and have been warned about the various scams, especially those involving wires. I spoke with the closing agent, and they will not accept a check to buy my new home. How can I protect myself when sending a wire? — Nick
A: Whenever large sums of money are involved, scammers seem to come out of the woodwork. Throughout my ...Read more
Chicago Water Taxi to return to daily service for the first time since pandemic
The Chicago Water Taxi’s bright yellow boats will return to the city’s waterways every day of the week this summer, a vote of confidence in downtown Chicago’s ability to draw office workers and tourists.
Since the onset of the COVID-19 pandemic, the yellow water taxi service, once a harbinger of summer to the city’s downtown commuters, ...Read more
Port of Baltimore businesses pivot after Key Bridge collapse: 'We're already making alternative plans'
Soon after the container ship Dali struck and toppled the Francis Scott Key Bridge early Tuesday, Paul Brashier was among many in the shipping industry who shifted into overdrive.
From Texas, Brashier turned his attention to the cargo — tires, dog food, home goods, cookware — packed into containers on ships headed to the Port of Baltimore ...Read more
Tesla's $25,000 car means tossing out the 100-year-old assembly line
Tesla Inc. has a plan to fend off cheaper competition from China with a $25,000 electric car. But first it has to overhaul a 100-year-old manufacturing process pioneered by Henry Ford.
The company is moving to what it calls an “unboxed” approach, which is more like building Legos than a traditional production line. Instead of a large, ...Read more
Key gauges of US economy advanced at healthy clip to end 2023
The government’s two main measures of U.S. economic activity posted strong advances at the end of last year, pointing to an economy that’s still expanding at a healthy clip.
Gross domestic product rose at an upwardly revised 3.4% annualized pace in the fourth quarter on the back of stronger household demand and business investment, ...Read more
Amazon bets $150 billion on data centers required for AI boom
Amazon.com Inc. plans to spend almost $150 billion in the coming 15 years on data centers, giving the cloud-computing giant the firepower to handle an expected explosion in demand for artificial intelligence applications and other digital services.
The spending spree is a show of force as the company looks to maintain its grip on the cloud ...Read more
Key bauges of US economy advanced at healthy clip to end 2023
The government’s two main measures of U.S. economic activity posted strong advances at the end of last year, pointing to an economy that’s still expanding at a healthy clip.
Gross domestic product rose at an upwardly revised 3.4% annualized pace in the fourth quarter on the back of stronger household demand and business investment, ...Read more
How record cocoa prices could affect your wallet and your Easter basket
In candy aisles this week, last-minute Easter shoppers are in for another round of sticker shock as cocoa prices skyrocket to historic levels.
The commodity's price has more than doubled since January as lackluster harvests in West Africa contribute to a cocoa bean shortage. Closer to home, companies are upping prices.
Last month, Hershey ...Read more
Morningstar drops investment service at library after landing on Florida's anti-Israel list
TALLAHASSEE — Retiree MaryAnn Kaesberg went to her library in Seminole County recently to research stocks and mutual funds like she usually does, only to find the popular Morningstar Sustainalytics research website was blocked.
A librarian told her it was because the state had added Morningstar to a list of companies prohibited from doing ...Read more
Higher prices on the menu as fast-food chains brace for California's big minimum wage jump
Chipotle, McDonald’s, Starbucks, Jack in the Box and Shake Shack are planning to raise menu prices. Fast-food franchisees are laying off employees or cutting their hours. Smaller independent business owners, meanwhile, worry their workers will bolt unless they also increase wages.
With California’s mandatory minimum wage for fast-food ...Read more
Finding a ride come May 1 will take immense patience if Uber and Lyft pull out of Minneapolis
Minneapolis medical patients, bar hoppers, airport-bound travelers and other habitual users of Uber and Lyft will need a stiff shot of patience come May 1.
When the rideshare giants entered the market, there were over 1,600 licensed cab drivers in Minneapolis. There are now 39, and city officials say it will take two to six weeks for drivers to...Read more
Subaru recalls 120K Legacy and Outback vehicles over airbag defect
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
Power up: PG&E says electricity plan can boost Silicon Valley innovation and economy
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
In Disney proxy battle, second firm urges shareholders to elect Nelson Peltz
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
Michael Hiltzik: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him
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
Mustang Sydney: Ford's partnership with actress Sydney Sweeney a fit for both parties
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
Popular Stories
- Tesla's $25,000 car means tossing out the 100-year-old assembly line
- Port of Baltimore businesses pivot after Key Bridge collapse: 'We're already making alternative plans'
- Amazon bets $150 billion on data centers required for AI boom
- Morningstar drops investment service at library after landing on Florida's anti-Israel list
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump