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Michael Quine/Las Vegas Review-Journal/TNS

Las Vegas home sellers turn to mortgage buydowns to attract buyers

Business / Business News /

To buydown or not to buydown? That’s become a pressing question for Las Vegas Valley home sellers as mortgage rates remain elevated and buyers struggle with affordability.

With 30-year mortgage rates hovering above 7 percent since September, home sellers are increasingly being asked to help buyers lower their monthly payments through mortgage...Read more

Etienne Laurent/AFP/GETTY IMAGES NORTH AMERICA/TNS

Comcast planning significant jobs cuts as part of reorganization

Business / Business News /

Comcast Corp. is planning a significant number of job cuts as part of an overall restructuring of its cable-TV, broadband and wireless businesses, according to people familiar with the company’s thinking.

The reorganization is designed to put Comcast in a stronger position to operate as an independent company after it spins off the ...Read more

Madeline Carter/Las Vegas Review-Journal/TNS

Tipping is not required, say new Las Vegas Strip signs

Business / Business News /

You don’t have to tip that street performer, says Clark County, Nevada.

Digital marquees on the Las Vegas Strip have a new message: “When watching a performance or taking a photo, tipping is not required.”

The signs from Clark County are being put up for “public safety,” said a representative from the county.

Clark County ...Read more

Daniel Mears/The Detroit News/TNS

Jeep Wrangler production halted in Toledo amid nearby hazardous material release

Business / Business News /

Jeep maker Stellantis NV has halted production at its Wrangler plant in Toledo, Ohio, because of a hazardous material release.

The Toledo Fire & Rescue Department on Tuesday evening, Oct. 20 issued an immediate evacuation order for a 1-mile radius around MC Tank Terminal, a bulk liquid chemical storage and transport facility at 1266 Progress ...Read more

Henry Payne/The Detroit News/TNS

As China threat looms, GM touts its best new tech offerings

Business / Business News /

If low-cost, tech-heavy Chinese vehicles enter the United States, legacy automaker General Motors Co. is ready, a top executive told The Detroit News.

"Candidly, from a speed-of-innovation perspective, we've got our process there," GM Senior Vice President of Vehicle Products Jaclyn McQuaid said Wednesday, Oct. 21, when asked about a head-to-...Read more

Josh Edelson/AFP/Getty Images North America/TNS

Meta hit with $25 billion penalty for misleading Facebook users about data privacy

Business / Business News /

Meta, the parent company of Facebook, was ordered by a New Mexico judge on Wednesday to pay $25 billion for misleading users about how it collects and safeguards user data.

The penalty, one of the largest ever levied against Meta or any other company, is the latest legal hit to the social media giant, which has grappled with lawsuits over ...Read more

Justin Tallis/AFP/GETTY IMAGES NORTH AMERICA/TNS

Meta to pay historic $25 billion in New Mexico deception case

Business / Business News /

Meta Platforms Inc. was ordered to pay a groundbreaking $25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal.

The fine issued Wednesday by state court Judge Francis Mathew is among the largest verdicts ever issued in U.S. legal history.

The award comes after a jury in ...Read more

Dreamstime/Dreamstime/TNS

Meta boosts bet on AI with spending outlook, new stock class

Business / Business News /

Meta Platforms Inc. boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence.

Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom ...Read more

Scott Olson/Getty Images North America/TNS

US waives red diesel tax record requirements to entice buyers

Business / Business News /

The Trump administration is waiving recordkeeping requirements in a bid to encourage farmers, truck-stop operators and other companies to buy tax-exempt red diesel.

The move, part of President Donald Trump’s effort to combat high diesel costs by expanding sales of a tax-exempt variety, was described by an administration official who asked ...Read more

Dreamstime/Dreamstime/TNS

Terry Savage: Small business owners, now is the time to offer health insurance coverage

Business / Business News /

Millions of Americans lost their health insurance this year when Obamacare premium subsidies disappeared.

Many small families found that their health insurance costs quadrupled — pricing them out of the market. Many of these uninsured work for small businesses that do not offer health insurance.

But this month, if you work for a small ...Read more

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