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How JBS used TikTok to lure Haitian refugees to work at its Colorado meat-processing plant

Business / Business News /

JBS needed workers.

It was 2023, and the meat-processing giant headquartered in Greeley had just endured a tumultuous stretch.

The plant became one of Colorado’s hotspots during the COVID-19 pandemic, with the virus responsible for the deaths of at least seven workers. Many laborers left the company as a result. The ones who stayed demanded ...Read more

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At a Silicon Valley summit, robots fold laundry -- and investors open their wallets

Business / Business News /

Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future.

Two robots picked up T-shirts with orange-tipped claws, then neatly folded and piled them. A cute companion robot with bright eyes used its mechanical hands to make a heart. A small robot wearing a bear hat threw punches and a blue-green robot, ...Read more

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Why Hormel is struggling to profit off America's protein obsession

Business / Business News /

Hormel is essentially synonymous with pork, namely sizzling breakfast meats and the infamous canned ham Spam.

The Austin, Minnesota-based Fortune 500 company has only broadened its protein offerings in recent years, adding convenient deli option Columbus Craft Meats, healthy ground turkey and snack staple Planters nuts.

In an era of protein-...Read more

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Target, other retailers hit with warning letter for selling recalled formula

Business / Business News /

Major U.S. retailers, including Walmart and Minneapolis-based Target, have been hit with warning letters from the U.S. Food and Drug Administration for continuing to sell baby formula that was recalled amid a widespread outbreak of infant botulism.

In one case, regulators said a Target store in Arkansas was offering a discount on ByHeart Whole ...Read more

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Tesla faces California sales halt over marketing of Autopilot

Business / Business News /

Tesla Inc.’s car sales in California are poised to be suspended for 30 days over marketing practices that allegedly mislead consumers about the automated-driving capabilities of its vehicles.

The California Department of Motor Vehicles said Tuesday the suspension won’t take effect for 90 days to give Tesla time to appeal or come into ...Read more

Myung J. Chun/Los Angeles Times/TNS

Warner Bros. rejects Paramount's hostile bid, accuses Ellison family of failing to put money into the deal

Business / Business News /

Warner Bros. Discovery has sharply rejected Paramount’s hostile offer, alleging the $108-billion deal carries substantial risks because the Larry Ellison family has failed to put real money behind its bid for Warner’s legendary movie studio, HBO and CNN.

Paramount “has consistently misled WBD shareholders that its proposed transaction has...Read more

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SpaceX eyes possible record IPO. What's behind the hype

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SpaceX has transformed the aerospace industry with its reusable rockets — radically lowering the cost of lifting satellites into space while bringing internet service to all corners of the globe with its Starlink network.

Now, Elon Musk's privately held company is eyeing what could be the largest initial public offering ever as it faces ...Read more

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Kraft Heinz names former Kellogg CEO to helm Chicago packaged food giant ahead of planned split next year

Business / Business News /

Kraft Heinz has named veteran Chicago-based executive Steve Cahillane as CEO beginning Jan. 1, taking the reins of the packaged food giant as it prepares to split into two companies.

Cahillane most recently served as chairman and CEO of Kellanova, the Chicago-based snack foods spinoff from cereal-maker Kellogg, which was acquired by Mars in a $...Read more

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Jeep to recalled 4xe owners: 'Please accept our sincerest apologies'

Business / Business News /

Jeep's CEO on Tuesday apologized and promised $100 gift cards in a note to owners of the brand's plug-in hybrids, who have dealt with as many as three recalls over battery fire risk in the past two years.

Bob Broderdorf said most of the brand's Wrangler and Grand Cherokee 4xe hybrids aren't affected by the battery problems but acknowledged the ...Read more

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Spirit Airlines eyes merger with Frontier amid restructuring

Business / Business News /

Bankrupt Spirit Aviation Holdings Inc. is in discussions to merge with Frontier Group Holdings, people familiar with the matter said.

A transaction could be announced as soon as this month, said the people, who asked not to be identified because the matter is confidential. The discussions are ongoing and could end without a deal taking place, ...Read more

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Port of Los Angeles records bustling 2025 but expects trade to fall off next year

Business / Business News /

The Port of Los Angeles expects it will move than 10 million container units for the second year in a row despite President Trump's tariffs — but that number is likely to drop off in 2026 as the fallout of the administration's trade war persists.

This year's volume will reflect a decision by importers to get ahead of the tariffs before the ...Read more

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California, other states sue Trump for blocking EV charging funds

Business / Business News /

California led a coalition of 16 states Tuesday to sue the Trump administration in an effort to free up billions of dollars in federal funds intended to build and repair electric vehicle charging stations that it argues the White House has illegally blocked.

Attorney General Rob Bonta said the U.S. Department of Transportation did not have the ...Read more

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After a difficult 2025, here's what could be ahead for UPS

Business / Business News /

While a company’s stock price doesn’t always tell the whole story, Sandy Springs, Georgia-based UPS’ shares have certainly been telling one in 2025.

This year, the global shipping giant’s stock reached lows it hadn’t seen since the COVID-19 pandemic first hit the markets in 2020.

Nearly a year ago, UPS shares tumbled nearly 20% after...Read more

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Amazon distribution center at LAX sells for record price

Business / Business News /

An Amazon warehouse near the gates of Los Angeles International Airport has sold for a record price as logistics centers near transportation hubs grow in value.

The real estate investment arm of global financial services firm Morgan Stanley recently paid $211 million for the distribution center on 98th Street amid several private long-term ...Read more

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Michael Hiltzik: Serious backlash to a Netflix/Warner Bros deal may come from European regulators

Business / Business News /

If you're looking for where the most crucial governmental backlash to a merger deal involving Warner Bros. Discovery, you might want to turn your attention east — to Europe, where regulators are girding to take an early look at any such deal.

Both of the leading bidders — Netflix, which has the blessing of the WBD board, and Paramount, ...Read more

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Medline survives tariffs, delays on road to biggest US 2025 IPO

Business / Business News /

Medline Inc.’s long-delayed initial public offering is on track to raise the most of any listing this year, as investors keen on the medical supply company’s business model look past its rocky path back to the public markets.

The company, which was taken private in 2021 by Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman in a $34 ...Read more

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Citadel leaves Chicago tower as city alarmed by 'job killer' tax

Business / Business News /

Citadel is shrinking its footprint in Chicago three years after billionaire owner Ken Griffin left for Florida, moving the company’s remaining operations in the city out of the downtown tower that was named for it, according to people familiar with the matter.

The company, which also shifted its headquarters to Miami in 2022, is relocating ...Read more

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No degree, no job? Tighter labor market leaves many with fewer options

Business / Business News /

Cheryl Wilson’s résumé is near perfect.

She has worked all her life, notching decades of experience at back-to-back corporate jobs that often tapped her to train new hires.

But after a software company laid her off two years ago, the 64-year-old has struggled to land a new job for the first time in her career.

Because for all her ...Read more

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PayPal applies to become a bank as US loosens regulatory reins

Business / Business News /

PayPal Holdings Inc. applied to become a bank in the U.S., looking to take advantage of the Trump administration’s openness to financial-technology companies entering the banking system.

The payments-focused firm submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form a Utah-...Read more

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UPS buys hundreds of robots to unload trucks in automation push

Business / Business News /

United Parcel Service Inc. will invest $120 million in 400 robots used to unload trucks, according to people familiar with the matter, revealing new details on the logistics giant’s $9 billion automation plan that aims to boost profits by decreasing labor costs.

Unloading trucks and shipping containers at warehouse docks is mostly done by ...Read more