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Myung J. Chun/Los Angeles Times/TNS

Paramount, state attorneys general spar over antitrust trial date

Business / Business News /

Paramount Skydance Chairman David Ellison and California Attorney General Rob Bonta are clashing again — this time over when the antitrust trial to determine whether Paramount can complete its nearly $111-billion takeover of Warner Bros. Discovery should begin.

In court documents Friday, Bonta and his coalition of 11 other Democrat attorneys ...Read more

Apple suffers worst rout since 2025 on disappointing outlook

Business / Business News /

Apple Inc. suffered its worst stock decline in 16 months after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.

Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings ...Read more

Elon Musk's fortune slumps to pre-SpaceX IPO levels after rout

Business / Business News /

SpaceX pulled off a successful launch last Friday evening at its Starbase facility in South Texas, sending its Starship rocket into orbit. It hasn’t stopped Elon Musk’s fortune from falling back to Earth.

The world’s first trillionaire is now poorer than he was before SpaceX’s initial public offering priced last month, according to the...Read more

Nicholas Kamm/AFP/GETTY IMAGES NORTH AMERICA/TNS

Amazon to pass on some of its $600 million tariff refunds to customers

Business / Business News /

Amazon told Wall Street it received around $600 million in tariff refunds last quarter and plans to pass on some to customers.

The Seattle-based e-commerce giant disclosed the refund in its earnings call with analysts on Thursday, when Amazon announced it beat Wall Street’s expectations with a 20% revenue increase from last year.

The $600 ...Read more

Elizabeth Flores/Star Tribune/TNS

Kashkari: It's time for the Fed to raise interest rates

Business / Business News /

Federal Reserve Bank of Minneapolis President Neel Kashkari wants the Fed to start raising interest rates as inflation stays high.

Kashkari was one of three regional bank presidents to oppose a Federal Open Market Committee (FOMC) decision Wednesday to leave rates unchanged, saying the central bank should instead raise rates a quarter point.

�...Read more

John T. Greilick/The Detroit News/TNS

UAW presidential hopefuls attack Shawn Fain during candidate forum

Business / Business News /

WASHINGTON — Six candidates seeking to become president of the United Auto Workers faced off in an online forum Thursday night filled with critiques and attacks against current union leader Shawn Fain.

Fain, in an opening statement, touted his accomplishments since winning a 2023 election to head the organization and preempted criticisms of ...Read more

Gina Ferazzi/Los Angeles Times/TNS

Taco Bell was crushing it--then cyclosporiasis hit

Business / Business News /

Taco Bell was sitting solidly in the sweet spot for fast food in troubled times.

The Irvine-based chain had developed a menu that was affordable enough for consumers worried about inflation and also fun enough for those looking for more than just hamburgers and pizza. Its sales and stock price were soaring. Then came cyclosporiasis.

A massive ...Read more

Kayla Bartkowski/Los Angeles Times/TNS

Exclusive LAX terminal embroiled in messy dispute with security consultant to the stars

Business / Business News /

At the exclusive terminal for the rich and the famous at Los Angeles International Airport, passengers are greeted with champagne and caviar, then whisked directly to their planes in a customized BMW.

The terminal, which for a steep fee allows travelers to skip the lines and pass through security without stepping foot inside the airport, was ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Searching for an affordable house in SoCal, she fell for a scam sweeping social media

Business / Business News /

Pam Yeager thought she had found her perfect next rental in a cute bungalow near downtown Fullerton, California.

It seemed like a no-brainer: It was priced slightly below the region's average for a two-bedroom home, would allow her to live closer to her son and was available right as her current lease was expiring.

But it turned out to be one ...Read more

Henry Payne/The Detroit News/TNS

Auto review: On the town with the hybrid/EV Lexus ES twins

Business / Business News /

DETROIT — Exotic and practical, progressive and conservative, modern and traditional. The all-new 2026 Lexus ES has a dual personality: it’s offered in electric and gas models while sporting flashy design for customers shy on the latest tech.

Rolling into Supino’s Pizzeria in Eastern Market to satisfy my appetite for the best Brooklyn pie...Read more

Marc Grasso/Boston Herald/TNS

Auto review: Nissan's full-size Armada NISMO is a bold win

Business / Business News /

As consumers continue to look for big vehicles across all manufacturers’ footprints, Nissan continues to provide excellence with its flagship Armada SUV.

Recently, tested the NISMO edition, which boasts great exterior aesthetics and serious interior flare for those NISMO brand followers ready for all the craze. NISMO stands for Nissan ...Read more

Mazda/Mazda/TNS

Auto review: Everyone ignores the Mazda3. They're missing one of the best new cars

Business / Business News /

There is an unwritten law in the car business that says if you're selling a compact hatchback, it must resemble either a kitchen appliance or a Transformer having an emotional breakdown. Bonus points if it has enough fake vents to cool a nuclear reactor that isn't actually there.

Then there's the Mazda3 Hatchback. It doesn't wear six spoilers. ...Read more

Ford Motor Co./Ford Motor Co./TNS

Casey Williams: Fed by memories of summer road trips long past, nostalgia for station wagons endures

Business / Business News /

My earliest memory is sitting on the front bench seat of my parents’ Pinehurst Green 1972 Oldsmobile Vista Cruiser wagon. A typical American family, we went on to own a Chevy Blazer and a 1980 Oldsmobile Cutlass diesel wagon — woodgrain and all.

It's no surprise these vehicles became enduring American icons, says Richard Ratay, author of ...Read more

Allen J. Schaben/Los Angeles Times/TNS

How one LA company ditched rigid office mandates and got workers back

Business / Business News /

Los Angeles video gaming company Riot Games abandoned its return-to-office requirements in January, and surprisingly, more of its employees have been showing up at work.

Two years of dictating that everyone commute into work on Tuesdays, Wednesdays and Thursdays was hurting the morale as well as the productivity of many. Riot decided on a ...Read more

Dreamstime/Dreamstime/TNS

Haitian businessman Dimitri Vorbe has been locked up for over 300 days. He's not alone

Business / Business News /

MIAMI — Exactly 260 days after immigration agents arrested a prominent Haitian businessman at his South Miami home, U.S. District Judge Darrin Gayles questioned why Dimitri Vorbe had been held for so long without due process.

“I am concerned about the whole idea that the petitioner can just be detained indefinitely,” Gayles said on June 9...Read more

Dreamstime/Dreamstime/TNS

Anthropic's AI models hacked three organizations during tests

Business / Business News /

Anthropic PBC announced that its artificial intelligence models had breached three different organizations during cybersecurity tests that went awry, a little more than a week after its chief rival, OpenAI, disclosed a similar incident.

Anthropic said in a blog post Thursday that it made the discovery after performing a review of its own ...Read more

Justin Sullivan/Getty Images North America/TNS

LinkedIn is cracking down on 'AI slop' with new reporting tool

Business / Business News /

LinkedIn has a new mission: Cleaning up the AI-generated junk in its feed.

The Microsoft-owned platform on Thursday unveiled a “seems like AI slop” button so users can report posts that appear to be low-quality posts written by AI.

“People come to LinkedIn to connect with real people and share their real perspectives, ideas and expertise...Read more

Steven Cukrov/Dreamstime/TNS

Anheuser-Busch reports increased revenues following World Cup partnership

Business / Business News /

ST. LOUIS — The World Cup and a focus on premium beer brands helped to buoy sales, Anheuser-Busch InBev leaders reported Thursday.

For its most recent quarter, ending June 30, revenue grew 5.6% — $1.65 billion — to $16.66 billion, compared to the same period last year, beating analysts' expectations of $16.29 billion.

Volumes were up 0.9...Read more

Dreamstime/Dreamstime/TNS

Judge tosses lawsuit alleging Zillow deceived home shoppers

Business / Business News /

A federal judge has thrown out the central claims in a lawsuit alleging that Zillow illegally deceived home shoppers into working with certain real estate agents.

The case, filed in September, said that prominent buttons on Zillow’s website inviting browsers to “Contact agent” or “Request a tour” make home shoppers assume they’re ...Read more

Ken Lambert/The Seattle Times/TNS

Microsoft's head count falls for first time in a decade

Business / Business News /

Microsoft's global workforce has fallen by 5,000 employees since last summer, as the company looks to streamline its corporate structure amid the artificial intelligence boom.

As of June 30, the end of Microsoft's 2026 fiscal year, the company had 223,000 full-time workers, according to a Wednesday regulatory filing. It's a 2% drop year-over-...Read more