Business

/

ArcaMax

Katy Kildee, The Detroit News/The Detroit News/TNS

Is college still worth it? Survey says yes, but …

Business / Business News /

Teenagers aren’t turning their backs on college — but they are rethinking what “college” actually means.

And they’re doing it at a moment when the value of higher education itself is under fresh scrutiny.

Earlier this month, a committee at Yale University warned that colleges and universities share responsibility for a growing ...Read more

Brandon Bell/Getty Images North America/TNS

Beef processors in spotlight as DOJ confirms antitrust probe

Business / Business News /

The U.S. Justice Department confirmed it was investigating potential antitrust violations in the meatpacking industry amid soaring domestic beef prices and a shrinking cattle herd.

Acting Attorney General Todd Blanche declined to provide additional details about the probe, but said the agency would seek to move rapidly.

“There is a lot of ...Read more

Leila Navidi/The Minnesota Star Tribune/TNS

As annual meetings go virtual, Fastenal still makes it personal

Business / Business News /

WINONA, Minnesota — Ron Passe retired from Fastenal in 2024 and said he has a comfortable lifetsyle thanks to dividend payments he receives on company stock he acquired throughout his years there.

Sporting a hat he bought during a recent trip to Ireland, he attended the company’s annual meeting, like he has since he retired.

“I was too ...Read more

Karen Ducey/The Seattle Times/TNS

Living on $60K in Seattle comes with up to 7 roommates

Business / Business News /

When Adriana Gomez-Weston first got the offer for her current job in Seattle, she was ecstatic.

Working for the catering company Compass, she estimated that she'd make around $60,000 a year before taxes. That sounded high compared with the average income in North Carolina, where Gomez-Weston, 33, grew up.

I thought that would be a lot of money...Read more

RIVIAN/TNS

This Rivian spinoff is reinventing e-bikes in California with screens, software and swappable seats

Business / Business News /

Rivian Automotive has attracted die-hard fans by building a battery-powered truck with enough muscle for off-roading as well as the acceleration and suspension to comfortably glide through city streets. Its little brother — a company called Also — is trying to do the same for e-bikes.

The Palo Alto company wants to reinvent the battery-...Read more

Genaro Molina/Los Angeles Times/TNS

Regulators seek to suspend State Farm's license, citing widespread mishandling of LA wildfire claims

Business / Business News /

California regulators are seeking to suspend State Farm's license for up to a year and levy millions in penalties against the insurer, alleging it mishandled January 2025 wildfire claims in Los Angeles County.

The Department of Insurance announced Monday it filed an administrative action against the state's largest home insurer after an ...Read more

Joseph Prezioso/AFP/Getty Images North America/TNS

Spirit Airlines seeks to start orderly wind-down to sell assets

Business / Business News /

Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.

The airline filed a motion on Monday requesting to wind down operations, after ceasing all ...Read more

Jay L. Clendenin/Los Angeles Times/TNS

SAG-AFTRA reaches a tentative deal with the studios

Business / Business News /

SAG-AFTRA and the Alliance of Motion Picture and Television Producers have landed on a new tentative contract.

The actors union's new agreement with the trade group that negotiates with Hollywood unions on behalf of the major studios will reportedly improve AI protections and boost the guild's pension fund. Similar to the pact the Writers Guild...Read more

Justin Sullivan/Getty Images North America/TNS

GameStop makes $56 billion bid for eBay, four times its size

Business / Business News /

GameStop Corp. is trying to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger.

The gaming retail chain has offered $125 per share in cash and stock for the online marketplace, or about a 20% premium to its Friday close. GameStop, which built a roughly ...Read more

Lloyd Fox/Baltimore Sun/TNS

New $1B container terminal could reshape Baltimore shipping landscape

Business / Business News /

A $1 billion private container terminal breaking ground at Sparrows Point is being cast by officials and supply chain experts as a long-term bet on whether the Port of Baltimore can expand its role in an increasingly competitive East Coast shipping network.

The project at the Port of Baltimore is expected to expand container capacity by roughly...Read more

Leila Navidi/Star Tribune/TNS

Nostalgia grows for 'old Target' as retailer reshapes stores

Business / Business News /

Nostalgia for the “old Target” is showing up everywhere.

Part of it reflects a broader throwback trend. Another part comes as the retailer plans to revamp stores after several years of sluggish sales.

Social media posts often point to the food courts that have largely disappeared, particularly the extra salty popcorn and slushy machines. ...Read more

Dreamstime/Dreamstime/TNS

'Left with nothing': Former Spirit workers respond to sudden shutdown

Business / Business News /

Left without health insurance, flying perks and no job was a sudden reality for many Spirit Airlines employees over the weekend.

Employees like Cindy Williams, a 27-year flight attendant, said they felt the sting of the shutdown.

"I really feel that we built that airline and we lost it all in a day and are left with nothing," said Williams of ...Read more

Ford Motor Co/TNS

Ford US sales declined 14% in April. Here's why

Business / Business News /

Ford Motor Co. reported Monday that April sales declined 14% from the same month last year following the discontinuation of vehicles like the Escape, the end of federal plug-in vehicle incentives and decreased truck inventory from an aluminum shortage.

With increasing fuel prices from the Iran war, rising inflation and lower consumer sentiment,...Read more

Mike Stocker/South Florida Sun Sentinel/TNS

Spirit Airlines has shut down operations and canceled all flights

Business / Business News /

FORT LAUDERDALE, Fla. — Pioneering discount carrier Spirit Airlines formally announced an end to more than three decades of flying early Saturday after the U.S. Government and the Dania Beach-based company failed to reach an agreement designed to save the cash-strapped firm and help it emerge from bankruptcy.

“All Spirit flights have been ...Read more

Katy Kildee/The Detroit News/TNS

No bailout needed for other US low-cost airlines, Duffy says

Business / Business News /

Transportation Secretary Sean Duffy said he doesn’t think the U.S. government needs to provide financial lifelines for now to other low-cost carriers, following the collapse of Spirit Aviation Holdings Inc.

“At this point, I don’t think it’s necessary,” he said during a press conference Saturday at Newark Liberty International Airport...Read more

Spirit Airlines shutdown sends travelers rushing to find flights

Business / Business News /

The collapse of Spirit Airlines is cascading through airports across the U.S., leaving passengers stranded mid-journey and sending rival carriers into rapid-response mode to contain the damage.

Spirit Aviation Holdings Inc. has canceled all flights and told customers not to go to the airport after failing to secure emergency funding, ending a ...Read more

Joe Cavaretta/South Florida Sun Sentinel/TNS

Spirit Airlines has shut down operations and canceled all flights

Business / Business News /

FORT LAUDERDALE, Fla. — Pioneering discount carrier Spirit Airlines formally announced an end to more than three decades of flying early Saturday after the U.S. Government and the Dania Beach-based company failed to reach an agreement designed to save the cash-strapped firm and help it emerge from bankruptcy.

“All Spirit flights have been ...Read more

Al Seib/Los Angeles Times/TNS

Consumers sue to block Paramount-Warner Bros. deal

Business / Business News /

A group of five consumers have filed a lawsuit against Paramount Skydance seeking to block its acquisition of Warner Bros. Discovery and unwind the earlier merger that joined the storied Melrose Avenue studio with David Ellison's Skydance Media, alleging that both deals reduce marketplace competition.

The lawsuit, filed Thursday in U.S. ...Read more

Antonio Perez/Chicago Tribune/TNS

United Airlines cuts summer O'Hare flights at behest of FAA

Business / Business News /

United Airlines plans to cut more than 100 daily departures out of O’Hare International Airport in June, according to a letter sent to airline employees Thursday. The flight cuts come after the Federal Aviation Administration brought the hammer down on the flying frenzy at Chicago’s largest airport earlier this month.

United and its main ...Read more

Mario Tama/Getty Images North America/TNS

Ford brings back employee pricing for all on select vehicles

Business / Business News /

Ford Motor Co. customers can save up to thousands of dollars on select vehicles with Ford bringing back employee pricing this summer to mark the 250th anniversary of America's founding.

The "American Value for American Values" promotion will run Friday through July 6 on select new 2025 and 2026 model-year Ford and Lincoln trucks and SUVs, ...Read more