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Byron Allen's Allen Media Group facing layoffs across all divisions of the company

Business / Business News /

Allen Media Group, the company owned by TV mogul Byron Allen, is set to undergo a significant round of layoffs that will affect all divisions of the business.

“Allen Media Group is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company,” a ...Read more

Justin Sullivan/Getty Images North America/TNS

Are Tesla Superchargers really open to other EVs in California? It's complicated

Business / Business News /

If you visited Elon Musk’s X last Saturday and clicked on Gov. Gavin Newsom’s press office account, you could watch him pull up to a Tesla charging station, step out of an electric Ford Mustang Mach-E, and announce that Tesla Superchargers were now open to non-Tesla EVs.

It’s a questionable assertion. Owners of electric Fords, Chevys, ...Read more

Gina Ferazzi/Los Angeles Times/TNS

A slice of tourists hasn't returned since COVID-19. LA wants them back

Business / Business News /

Before the pandemic, a steady stream of buses ferrying tourists from Brazil, China, Australia and elsewhere pulled into the Original Farmers Market every day. They typically idled for an hour or so, while their passengers ate and shopped for souvenirs at the historic collection of food stalls and kitschy shops in the heart of Los Angeles.

The ...Read more

Mercedes-Benz/TNS

Larry Printz: Automakers are revved up over condominium towers

Business / Business News /

MIAMI — It’s the hottest trend in the automotive industry, and it’s not electric vehicles or autonomous driving. It’s something far more prosaic and unlikely: the automotive-branded high-rise condominium tower.

It started with the Porsche Design Tower, which opened in 2017. The Bentley Residences followed in 2022, a 749-foot high, 60-...Read more

Henry Payne/The Detroit News/TNS

Auto review: Reborn Chevy Traverse offers a multiverse of goodness

Business / Business News /

ATLANTA — It’s time for another edition of Design Your Perfect Car. Today’s feature: Chevrolet. OK. The perfect Chevy would be:

1) A bargain like a Chevy Trax.

2) Engaging performance like a Corvette.

3) Off-road capable like a Colorado Z71/Trail Boss/ZR2.

4) Tough like a Silverado pickup, dude.

5) Capable of seating six ...Read more

Marc Grasso/Boston Herald/TNS

2024 Alfa Romeo Stelvio Veloce hits all marks

Business / Business News /

As Stellantis is known for delivering exceptional vehicles and options for consumers to enjoy, Alfa Romeo brings its Italian jive to the table with the ever-popular Stelvio Veloce (pronounced vel-oh-chay) AWD.

In Alfa Rosso Red, the Stelvio five-passenger SUV is a real beauty. At Grasso’s Garage, we place a high value on sight-lines, curves ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: More for Less: A new entry-level for the Audi's sporty S6

Business / Business News /

The new Audi S6 premium sport sedan offers one of those rare treats in life — getting more for less. In this case, more kicks, less money.

The formula is simple, really. Audi took the more sedate A6 and lit a fire under it with a twin-turbo 444-hp engine, added extra boost with an electric supercharger and gave it cheetah-like agility by ...Read more

Cargill recalls 16,000 pounds of ground beef recalled over E. coli risk

Business / Business News /

Cargill is recalling more than 16,000 pounds of ground beef and patties sold through stores in several eastern U.S. states over potential E. coli contamination.

None of the meat was sold in Minnesota or in states west of Ohio, and no illnesses have been reported, according to the U.S. Department of Agriculture.

The meat was produced in late ...Read more

Hakan Kacar/Dreamstime/TNS

Google faces off with US government as search antitrust trial closes

Business / Business News /

The U.S. Department of Justice reiterated its argument that Google has broken antitrust laws through exclusive, multi-billion-dollar deals to maintain a dominant position in the market for online search and related advertising.

In closing arguments for a landmark competition case, the government presented evidence that Google has paid Apple ...Read more

Phillip Faraone/Getty Images North America/TNS

Backed by state incentives, Rivian to invest $1.5 billion to build new R2 EV at Illinois plant

Business / Business News /

Rivian’s decision to launch production of its second-generation electric vehicles in Normal, Illinois, rather than Georgia, will bring $1.5 billion in capital investment and hundreds of jobs to its central Illinois factory, the automaker and Gov. J.B. Pritzker announced Thursday.

Backed by $827 million in state incentives, Rivian plans to ...Read more

Myung J. Chun/Los Angeles Times/TNS

SAG-AFTRA taps Nielsen for streaming data to enforce new contract

Business / Business News /

SAG-AFTRA has tapped audience measurement company Nielsen to provide streaming data that will inform how the performers union enforces certain terms of its new contract with the top studios.

Nielsen announced Thursday that it will function as the official third-party provider of streaming viewership numbers for the Screen Actors Guild-American ...Read more

Jay L. Clendenin/Los Angeles Times/TNS

Sony and Apollo make formal $26 billion joint bid for Paramount

Business / Business News /

Sony Pictures Entertainment and Apollo Global Management have officially put in a bid for Paramount Global, as competition for the storied film and TV company continues to heat up.

Sony and Apollo submitted their $26 billion all-cash offer this week, according to a person familiar with the matter who was not authorized to comment.

Under the ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

Elon Musk, Argentina's president headline 27th Milken conference

Business / Business News /

Free-market enthusiasts and mutual admirers Elon Musk and Javier Milei, Argentina's new president, will headline next week's Milken Institute Global Conference, the annual Beverly Hills confab that tackles the world's most pressing problems with a dash of celebrity and Hollywood.

The Beverly Hilton event draws several thousand people from ...Read more

Daniel Mears, The Detroit News/The Detroit News/TNS

Michigan Senate may defund a $20 million grant used to buy $4,500 coffeemaker

Business / Business News /

LANSING, Mich. — Any remaining grant funding yet to be disbursed to a Metro Detroit businesswoman who spent $4,500 in taxpayer dollars on a coffeemaker will be blocked under a spending bill the Michigan Senate Appropriations Committee approved Wednesday.

The supplemental budget bill includes language directing the State Budget Office to lapse...Read more

US labor costs rise by most in a year as productivity cools

Business / Business News /

U.S. labor costs increased in the first quarter by the most in a year as productivity gains slowed, potentially adding to risks inflation will remain elevated.

Unit labor costs, or what a business pays employees to produce one unit of output after taking into account changes in productivity, climbed at a 4.7% annual rate. That marked a notable ...Read more

Justin Sullivan/Getty Images North America/TNS

Ford April sales decline, while hybrid sales peak

Business / Business News /

Ford Motor Co.'s U.S. sales declined 2.4% in April, though hybrid deliveries hit a new all-time monthly sales peak, the automaker said Thursday.

The drop from 184,002 vehicles to 179,588 came from declines for F-Series trucks, Broncos and other SUVs. Auto prices are declining, and automakers, including Ford, said they are increasing incentives,...Read more

Bob Fila/Chicago Tribune/TNS

Biden opens door for tax credits so corn farmers can grow jet fuel

Business / Business News /

To cut greenhouse gas emissions from airplanes, the Biden administration issued guidelines this week that could shape U.S. farming for decades by offering corn growers tax credits to turn their crop into jet fuel.

To qualify, farmers would have to do three things on the land where they grow the corn: plant cover crops, avoid tilling the soil ...Read more

Dai Sugano/Bay Area News Group/TNS

It's the last Free Comic Book Day at the place where it was created

Business / Business News /

Joe Field needed something to write about.

“I came up with the idea for Free Comic Book Day when I was a columnist for an industry trade magazine,” says Field, who is the owner of the Flying Colors Comics and Other Cool Stuff store in Concord, California. “I was scratching for ideas when my deadline was looming, looked out the front ...Read more

General Mills/TNS/TNS

Food companies keep pushing protein. How much do we actually need?

Business / Business News /

Wheaties is getting yoked.

The Breakfast of Champions is releasing a new line of cereals with more than 20 grams of protein per serving "to serve today's modern athletes who are striving to be better everyday," General Mills recently announced.

But it's not just athletes looking to boost their protein intake, as the grocery baskets of many ...Read more

Real estate Q&A: Do I have to sell condo to another owner in building?

Business / Business News /

Q: When we decided to sell our apartment, one of our friends wanted to buy it, and we agreed to sell it to him at a discounted price. When he went for his interview with the condo board, he was told that he could not buy it because another owner in the building was going to. Do I need to sell it to my neighbor at the discounted price, or can I ...Read more