Business

/

ArcaMax

Andreistanescu/Dreamstime/TNS

Jonathan Lansner: California, 4 other states rank among world's 20 largest economies

Business / Business News /

California isn’t the only state with global bragging rights for its business heft.

To grade the economies of the 50 states and the District of Columbia on a global scorecard, my trusty spreadsheet reviewed two recently updated sets of 2026 data on gross domestic product, a broad measure of business output and consumer spending.

Mid-year ...Read more

Elizabeth Flores/The Minnesota Star Tribune/TNS

Warning from Minnesota hospitals: The financial crisis is arriving

Business / Business News /

Minnesota hospital leaders fear 2027 will be the year when a crisis becomes an emergency, as federal budget cuts push small-town facilities to close.

Hospital leaders gathered at the State Capitol on Tuesday, ahead of the midterm elections and the next legislative session, to warn that state or federal policy changes are needed to preserve ...Read more

Omcare/TNS

Interactive at-home pill dispenser could help fill rural Minnesota's pharmacy gap

Business / Business News /

A Bloomington, Minnesota, startup is testing whether its interactive prescription drug dispenser can help older Minnesotans take their medications on schedule — especially in rural areas that lack pharmacies.

Omcare’s Home Health Hub is about the size of a coffee maker and dispenses medications, sent monthly by mail, along with alarms to ...Read more

DAVID M WARREN/The Philadelphia Inquirer/TNS

Boeing weighs whether to close Pa. plant as helicopter factories face military funding cuts

Business / Business News /

The record $1.5 trillion U.S. military budget for next year has mostly left out the Philadelphia’s area’s helicopter industry.

Over the past decade, Boeing and Leonardo invested many millions and put thousands to work with the expectation they had Army or Air Force jobs for years to come. But their leaders may have to write off losses and ...Read more

Shae Hammond/Bay Area News Group/TNS

Survey: Techies more optimistic about AI than other Bay Area locals, but still worried

Business / Business News /

Silicon Valley companies may be going all in on artificial intelligence, but Bay Area residents are broadly concerned about the technology — including many of the tech workers riding the wave.

That’s according to a poll of Bay Area locals this summer by the Mercury News and Joint Venture Silicon Valley, a nonprofit think tank. Only 28% of ...Read more

Nick Wagner/The Seattle Times/TNS

Why Microsoft and others are on the sidelines of WA 'millionaires tax' fight

Business / Business News /

The last time Washingtonians voted on an income tax, the state's biggest corporations opened their wallets to kill the idea.

In 2010, Microsoft and Boeing and top executives for companies including Amazon bankrolled opposition to an initiative that would have levied a tax on people making $200,000 or more a year. Voters overwhelmingly rejected ...Read more

Stacey Wescott/Chicago Tribune/TNS

Abbott Laboratories plans to spin off nutrition business, following years of tumult over infant formulas

Business / Business News /

Abbott Laboratories plans to spin off its nutrition business into a separate company – a move that follows years of tumult over its infant formulas.

The new business will sell Abbott products including Similac, PediaSure, Pedialyte, Glucerna and Ensure. The company also makes medical tests, medical devices and generic pharmaceuticals.

The ...Read more

Justin Sullivan/Getty Images North America/TNS

US sanctions Chinese firm in Google AI secrets case

Business / Business News /

The U.S. government has blacklisted a Chinese venture firm established by ex-Microsoft Corp. AI scientist Lu Qi for alleged ties to a startup accused of stealing technology from Alphabet Inc.’s Google.

The State Department on Monday announced measures against Shanghai Zhisuan Technology Co., founded by Ding Linwei, a former Google software ...Read more

SpaceX/SpaceX/TNS

Musk seizes on SpaceX momentum with push toward Tesla merger

Business / Business News /

Elon Musk capitalized on a strong quarter of earnings at SpaceX to openly press for combining the business with Tesla Inc. in what would be the biggest merger of all time.

Toward the end of a call about SpaceX results that far exceeded expectations, the chief executive officer initially said he was “tap dancing through a minefield” when ...Read more

Mike Siegel/Seattle Times/TNS

Alaska Air posts $147M quarterly loss as high fuel prices take toll

Business / Business News /

Alaska Air Group blamed its downbeat third-quarter earnings on jet fuel expenses.

The airline reported a net loss of $147 million, a dip of $1.32 per share, for the third quarter, according to an earnings report published Tuesday. The company consists of Alaska Airlines, Hawaiian Airlines, regional carrier Horizon Air and ground support company...Read more

Jaime Green/The Wichita Eagle/TNS

Trump ties ethanol boon for farmers to a Marshall win

Business / Business News /

WASHINGTON — President Donald Trump announced $8 billion in aid to farmers struggling with high diesel prices while also tying his support for increased ethanol content in gasoline — a boon to Midwest corn growers — to the reelection of a Kansas senator.

Trump made the proclamation Monday while stumping for the embattled Sen. Roger ...Read more

Robert Philip/Dreamstime/TNS

Trump courts farmers with $8 billion fuel aid during harvest

Business / Business News /

The Trump administration announced $8 billion in aid for farmers to help offset rising fuel costs, a major burden for growers during the harvest.

The move is the administration’s latest attempt to ease financial burdens on growers — traditionally a strong Republican voting base — ahead of midterm elections. The White House earlier this ...Read more

Glen Stubbe/Star Tribune/TNS

Best Buy makes new play for holiday gaming dollars

Business / Business News /

Ahead of a holiday shopping season packed with new game releases, Best Buy is making a pitch for gamers’ attention — and their next purchases.

The Richfield, Minnesota-based consumer electronics retailer is launching Best Buy Gamers, a free online platform that combines game reviews, personalized recommendations, deals and information about...Read more

Renée Jones Schneider/The Minnesota Star Tribune/TNS

Teacher, nurse, police officer: What traditional middle-class jobs pay in Minnesota

Business / Business News /

Ask a child what they want to be when they grow up and the answers are often familiar: teacher, firefighter, veterinarian, nurse.

For generations, Americans have counted on jobs like these to help them reach, and stay in, the middle-class. Careers in fields like education, health care, manufacturing and the trades have paid enough to support a ...Read more

Justin Sullivan/Getty Images North America/TNS

23andMe to pay $6 million to settle allegations it mishandled customers' genetic data

Business / Business News /

Chrome Holding Co., formerly known as 23andMe, is set to pay $6 million to the state of California to settle allegations that it failed to protect customers' genetic data and sold that data without consent during its bankruptcy process.

The settlement was filed this week in the U.S. Bankruptcy Court in the Eastern District of Missouri and is ...Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing 737 Max 10 lands long-awaited FAA certification

Business / Business News /

The Federal Aviation Administration on Tuesday certified Boeing’s largest Max variant, the 737 Max 10, after years of manufacturing and regulatory hurdles.

The FAA’s decision clears the way for Boeing to begin delivering the Max 10 to customers and brings airlines one step closer to flying passengers on board the newest aircraft. It is ...Read more

Jeremy Swanson/Aspen Snowmass/TNS/TNS

Reduce, reuse, recycle snow? That's one way Aspen hopes to save ski season from climate change

Business / Business News /

Most blankets are meant to keep whatever is underneath warm and cozy. But the specialty blankets that one Colorado ski company used to cover piles of snow in the spring kept them cold enough to survive the state’s hottest summer on record.

Earlier this month, Aspen One unveiled collections of snow that it saved from last winter using ...Read more

Terrence Antonio James/Chicago Tribune/TNS

Chicago mayor proposing corporate head tax again, sources say

Business / Business News /

Take two? Mayor Brandon Johnson will again propose Chicago hit big corporations with an employee head tax — with an exemption in less wealthy parts of the city — when he unveils his budget proposal Wednesday, sources said.

Johnson is also proposing the city borrow an eye-catching $480 million to pay for police-related lawsuit settlements ...Read more

Justin Sullivan/Getty Images North America/TNS

US pending home sales plunged in September to a record low

Business / Business News /

Pending sales of existing U.S. homes fell to a record low in September as high mortgage rates continued to weigh on demand.

An index of contract signings from the National Association of Realtors tumbled 7.3% to 66 last month, its lowest reading since records began in 2001, according to data released Tuesday. The decline was sharper than any ...Read more

Alex Edelman/Zuma Press/TNS

Wells Fargo wins legal battle against former CEO over millions he sought after scandal

Business / Business News /

Wells Fargo gained a victory in a legal battle against former CEO Timothy Sloan, who claims the bank owes him $34 million in compensation following his 2019 departure, according to California state court records.

Sloan filed a lawsuit in 2023 against the San Francisco-based bank, which has its largest employment hub in the Charlotte region. ...Read more