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Armando L. Sanchez/Chicago Tribune/TNS

Tribune Publishing strikes 11th-hour deal to buy Daily Herald, outbidding suburban suitor

Business / Business News /

It took several full-page ads, an 11th-hour bid and ostensibly a premium price, but Tribune Publishing has swooped in and struck a deal to buy the employee-owned Daily Herald suburban newspaper.

The board of Paddock Publications, which operates the Daily Herald, sent an email to employees Thursday afternoon announcing that an asset purchase ...Read more

Mario Tama/Getty Images North America/TNS

Inflation angst spreads as consumers spooked by rising gas bills

Business / Business News /

Summer is shaping up to be bleak for the U.S. consumer.

Americans have been struggling for months with high gas prices and persistent inflation and consumer sentiment has hit a record low. The boost some got from tax refunds is fading. Now retailers including Walmart Inc. and Lowe’s Cos. are warning that fuel costs driven by the Iran war may ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

From Ohio EV Hub to Indy 500, how Honda plans to right the ship

Business / Business News /

INDIANAPOLIS — It’s been a rough start to 2026 for Honda Motor Co. with its first financial loss in 70 years, an electric vehicle strategy in shambles, and its Formula One team mired at the back of the grid with engine issues.

The Indianapolis 500 is a great place to reset.

The brand is retooling its flexible Ohio factory to produce gas-...Read more

Robin Buckson/The Detroit News/TNS

Stellantis bets $70 billion on reshaped lineup to fuel turnaround

Business / Business News /

AUBURN HILLS, Michigan — Stellantis NV's five-year, nearly $70 billion business turnaround plans, which include new products for all four of its North American brands, could be a boon to its under-utilized U.S. plants, according to experts.

Antonio Filosa, CEO of the maker of Chrysler, Jeep, Dodge and Ram, detailed the plans to investors on ...Read more

Rob Nikolewski/The San Diego Union-Tribune/TNS

Econometer: Is California's $1 billion EV truck program a good idea?

Business / Business News /

Gov. Gavin Newsom announced recently the state has launched a $1 billion rebate program to boost the sales of electric medium‑ and heavy‑duty trucks.

The rebates range from $7,500 to $120,000 and can also be applied to electric drayage trucks, electric semis, box trucks, delivery vans and other fleet vehicles. Newsom said the move was ...Read more

Robin Buckson/The Detroit News/TNS

Fain, UAW issue trade 'demands' ahead of US-Mexico talks next week

Business / Business News /

WASHINGTON — The United Auto Workers union on Thursday laid out its "demands" to the Trump administration ahead of trade negotiations between the United States and Mexico on May 25.

The talks will be part of a previously scheduled formal review of the United States-Canada-Mexico agreement, commonly known as USMCA. President Donald Trump ...Read more

Kendall Warner/The Virginian-Pilot/TNS

Are California's lofty offshore wind power ambitions on the rocks?

Business / Business News /

California is counting on the growth of offshore wind generation to help the state meet its ambitious goal to derive 100% of its electricity from carbon-free sources by 2045 or earlier.

But late last month, state energy officials and offshore-wind advocates were blindsided after learning one developer abruptly withdrew plans to build a big wind...Read more

Handout/KIA/TNS

Auto review: 2027 Kia Seltos Hybrid subcompact SUV offers Telluride-inspired style

Business / Business News /

There was a time when a man’s vehicle said something about him. A pickup truck meant you could haul lumber, tow a horse trailer, or help a friend move a couch without first checking whether the couch had Bluetooth compatibility. A sedan meant you had surrendered to adulthood, but could complain about fuel economy as though discussing the fall ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 Lexus TX550h+ shines bright for upscale consumers

Business / Business News /

As Lexus continues to delve into its expansive consumer base’s wants and needs, the Lexus TX earned its nameplate with its expansive space and comfort.

The lower-priced three-row SUV doesn’t bring as great off-road capabilities to the table as the LX does, but it still can move people in comfort and style — just the ticket. The Lexus TX ...Read more

Henry Payne/The Detroit News/TNS

Auto review: Jeep Cherokee reborn with Wagoneer S style, hybrid practicality

Business / Business News /

WEST BLOOMFIELD, Michigan — I slipped into the comfortable leather seats of the 2026 Jeep Cherokee and pressed the elegant, bejeweled starter button on the console. Just like a Jeep Wagoneer S. I gripped the rectangular steering wheel to better view the big digital instrument display. Just like a Wagoneer S. Merging onto I-75, I nailed the ...Read more

TOSHIFUMI KITAMURA/AFP/Getty Images North America/TNS

Airbnb to add grocery delivery and car rentals ahead of World Cup

Business / Business News /

Airbnb unveiled a new set of services for guests on Wednesday, adding car rentals, airport pickup and grocery delivery to its online marketplace that connects travelers with local hosts.

Customers can now get groceries delivered to their Airbnb through a partnership with Instacart and have a driver meet them at the airport with Airbnb's Welcome...Read more

Mario Tama/Getty Images North America/TNS

States seek Live Nation-Ticketmaster breakup after antitrust win

Business / Business News /

Live Nation Entertainment Inc. should be required to divest its Ticketmaster unit to fix its illegal monopolization of the live music industry, state attorneys general told a court Thursday.

The request for a court-ordered breakup puts U.S. District Judge Arun Subramanian in Manhattan center stage in deciding the fate of the U.S.’s largest ...Read more

Carri Geer Thevenot/Las Vegas Review-Journal/TNS

World's tallest thermometer, between Las Vegas and LA, is for sale

Business / Business News /

The giant roadside thermometer between Las Vegas and Los Angeles — a towering sight for legions of highway drivers — is for sale.

A spread of real estate in Baker, California, along Interstate 15 roughly 90 miles southwest of the Las Vegas Strip, recently went on the market for $1.85 million, listing sites show.

The 4.3-acre tract includes...Read more

Dai Sugano/Bay Area News Group/TNS

Waymo expands driverless service deeper into South Bay as East Bay plans remain in limbo

Business / Business News /

SAN JOSE — Waymo is rolling its driverless car service deeper into the South Bay.

On Wednesday, the Mountain View-based company, which was already serving central San Jose, started picking up riders in the San Jose neighborhoods of Willow Glen and Vista Park, as well as the West Valley cities of Campbell and Cupertino.

The expansion adds ...Read more

DREAMSTIME/TNS

Intuit suffers worst plunge since 2003 after announcing job cuts

Business / Business News /

Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.

The job reductions, which will affect about 3,000 workers, will trim costs while the financial software company invests in artificial intelligence products. They’re ...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Buying a condo just got harder for many, thanks to Fannie Mae policies

Business / Business News /

Buying a condo in some parts of the U.S. has become harder due to recent changes in Fannie Mae’s condo policies, according to local real estate experts.

The government-sponsored mortgage enterprise recently increased the required due diligence for condo loans, and that could make some purchases harder to close in the months ahead, Las Vegas-...Read more

Richard Tsong-Taatarii/Star Tribune/TNS

Farmers have hope, but seek clarity, on China trade deal

Business / Business News /

Agriculture leaders said the trade deals struck on President Donald Trump’s trip to China are encouraging.

But whether the export framework that emerged after Trump’s meeting with Chinese President Xi Jinping will result in real deals and lift farmers’ profits remains uncertain.

After the high-profile trip, which included several chief ...Read more

Ken Lambert/The Seattle Times/TNS

Seattle-area renters need to pay more than double housing costs to own a home

Business / Business News /

Many Seattle area residents feel like the bar to owning a home just keeps getting higher, and they're not imagining things.

The cost of a monthly mortgage payment is now well beyond double the cost of median rent here — among the largest gaps in the country.

While the typical renter who recently moved is spending an already eye-watering $2,...Read more

Gary Coronado/Los Angeles Times/TNS

'This is a complete decimation.' Why family businesses that built Hollywood are closing

Business / Business News /

For Vince Gervasi, chief executive of Triscenic Production Services, it was yet another body blow.

His company, a leading supplier of set and scenery storage and transportation for the film industry, was poised for a turnaround after nearly three years of losing money.

Then, last week, he said a line producer on “Shark Tank,” one of his ...Read more

Real estate Q&A: Should we walk away from buying home where inspection found issues?

Business / Business News /

Q: We just got our home inspection report back, and it is much worse than we expected. There are issues with the roof, the air conditioning and “possible electrical problems.” We love the house, but we are starting to feel like we are buying somebody else’s problem. Can we get them to fix things, or can we walk away without losing our ...Read more