Warner Bros. Discovery said Tuesday that Paramount Skydance’s revised offer may top a bid from Netflix — the latest twist in the high-profile auction to claim one of Hollywood’s corporate jewels.

Warner Bros.’ board announced that Paramount’s revised proposal “could reasonably be expected to lead to a ‘Company Superior Proposal,�...Read more

Spirit Aviation Holdings Inc. has struck an agreement with noteholders that will allow the US budget airline to exit bankruptcy later this year, capping a tumultuous period marked by strained finances and competitive pressure.

Spirit lawyer Marshall Huebner said during a New York court hearing on Tuesday that the company has reached a deal with...Read more

As the U.S. Supreme Court was announcing its 6-3 decision that President Donald Trump exceeded his powers by imposing “emergency” tariffs, the nation’s top manufacturing lobbyist was in Philadelphia rallying support for a pro-factory agenda.

Jay Timmons, president of the National Association of Manufacturers, says the factory revival ...Read more

Public Storage is moving its headquarters to Texas after more than 50 years in California.

The company shared its plans to move its corporate headquarters from Glendale to Frisco, Texas, a suburb of Dallas, ahead of an earnings call earlier this month.

The real estate investment trust, the largest self-storage brand in the U.S., has been based...Read more

Jelly Belly, the Bay Area-based candy company that's more than 150-years-old, is closing a corporate center in Fairfield and laying off 69 workers.

Layoffs are expected to begin in June and will impact web developers, customer service representatives and accountants, among others, the company said in a government filing. The company's corporate...Read more

Federal Reserve Governor Lisa Cook warned the U.S. central bank may not be able to counter rising unemployment driven by adoption of artificial intelligence.

“If AI continues to raise productivity, economic growth could remain strong, even as churn in the labor market leads to an increase in unemployment. In a productivity boom such as this, ...Read more

Uber announced a new set of services to support ride-hailing for autonomous vehicles ahead of its planned launch of robotaxis in Los Angeles in the coming months.

Uber's new program, called Uber Autonomous Solutions, aims to give robotaxi ventures easy access to Uber's customers, software and infrastructure.

Participating companies would get ...Read more

After a straw-purchased gun was used in a St. Paul, Minnesota, bar shootout that injured more than a dozen people and killed a bystander, the Minnesota Attorney General’s Office announced Tuesday they’ve reached a settlement with Fleet Farm.

The lawsuit, filed in October 2022 against Fleet Farm, alleged the Wisconsin-based retailer sold at ...Read more

As Bay Area tech companies continue to shed jobs, signs have emerged that point to an overall easing of employment losses for the region’s most notable industry.

Hiring and firing patterns have been nothing short of a roller coaster for the tech industry over the last five years, according to seasonally adjusted industry estimates produced by...Read more

MONTGOMERY COUNTY, Missouri — This rural county 80 miles west of St. Louis has been in decline for years, losing residents and jobs. The biggest economic boosts in a decade or so have been a shingle manufacturer and a potato chip factory.

So when a developer was looking for a place to build a data center for Amazon, elected officials here ...Read more

SAN CARLOS, California — Mickey Du was wandering through San Francisco’s Hayes Valley during a college break when he noticed some commotion in a dead-end alley. Curious, he moved closer, finding himself in front of a rolled up garage door with a barista inside making freshly-roasted coffee.

On that morning in 2005, he drank a perfect cup of...Read more

Warner Bros. Discovery said Tuesday that it was "reviewing" a revised offer from Paramount Skydance — the latest twist in the high-profile auction to claim one of Hollywood's corporate jewels.

The company did not provide any details of Paramount's bid. Paramount separately confirmed that it submitted a revised offer.

In a short statement, ...Read more

The largest open-ended strike of health care professionals in U.S. history will end Tuesday, without workers winning on a key wage demand.

Spokespersons for the United Nurses Associations of California/Union of Health Care Professionals said Monday it had notified Kaiser of plans to formally end the major work stoppage, which stretched over ...Read more

When the economy is good, predictions for the next downturn abound: when it will start, what will cause it and who stands to lose.

This time around, Wall Street-watchers are warning about private credit, a high-risk, high-reward debt market that shuttles billions of dollars beyond the constraints of traditional banking.

Defaults on these risky...Read more

A buyer has emerged for the notorious graffiti-bedecked towers in downtown Los Angeles — a Riverside County developer who intends to finish the stalled $1.2-billion project.

The proposed buyer of the residential, hotel and retail project in bankruptcy proceedings is a partnership led by Kali P. Chaudhuri, whose KPC Development Co. owns and ...Read more

Bay Area lawmakers on Monday announced new legislation that would allow San Francisco to exit its 120-year relationship with Pacific Gas & Electric, the investor-owned utility that serves about 16 million people across Northern and Central California.

Senate Bill 875 would enable the city and county of San Francisco to finalize purchase of PG&E...Read more

Hormel Foods is selling its whole-bird turkey business to another Minnesota company as the turkey industry faces waning consumer demand.

The sale to Willmar-based Life-Science Innovations includes a Melrose production facility and a Swanville feed mill, along with associated transportation equipment. But Hormel, headquartered in Austin, will ...Read more

Michiganians looking to escape high rents in the state’s biggest cities might have a hard time this year, even in metro areas that have historically been affordable.

The cost of rent in mid-market areas like Lansing and Battle Creek has risen much faster than in Detroit or Grand Rapids over the last few years, according to data compiled by ...Read more

Anthropic PBC Chief Executive Officer Dario Amodei will meet with U.S. Defense Secretary Pete Hegseth on Tuesday, according to a senior Pentagon official, as contract talks with the artificial intelligence startup remain deadlocked over the company’s insistence on guardrails for use of its technology.

There were no further details on the ...Read more

World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product.

USD1, the dollar-pegged stablecoin issued by World Liberty, briefly traded below $1 on Monday before climbing back to par, according to crypto data tracker ...Read more