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Boeing CEO Ortberg warns needed culture shift will be 'brutal to leadership'

Business / Business News /

Boeing’s management needs to shape up, listen more to front-line employees, and communicate better, CEO Kelly Ortberg said at a sometimes edgy all-hands meeting Tuesday, as he took some pointed questions about a poor management culture.

Citing employee feedback from a company survey, he said “their voice needs to be heard.”

“We’re ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

Home Depot launches Magic Apron, a generative AI customer guide

Business / Business News /

Home Depot has rolled out an online concierge, powered by generative artificial intelligence, to help answer customers’ questions about millions of products and even how to get projects done.

The Georgia-based home improvement giant said Magic Apron is powered by advanced large language model tools and can provide real-time answers online ...Read more

Olivia Sun/Colorado Sun via ZUMA Press Wire/TNS

US jobless claims drop, allaying concerns about labor market

Business / Business News /

Applications for U.S. unemployment benefits fell last week and returned to muted levels seen at the start of the year, offering some relief after other reports pointed to worsening labor-market conditions.

Initial claims decreased by 21,000 to 221,000 in the week ended March 1, lower than analysts anticipated. However continuing claims, a proxy...Read more

Real estate Q&A: Can HOA force owner to put up fence and swap out plants?

Business / Business News /

Q: My fiancé lives on the main road in a community of single family homes. He received a violation letter from the association saying he needs to put up a fence, remove the current bushes, and plant different ones. The section of the bylaw they sent over discusses maintenance of existing fences, docks, etc., but does not require them. I ...Read more

Saul Loeb/AFP/Getty Images North America/TNS

How Elon Musk muscled his way into the FAA

Business / Business News /

Two weeks ago, SpaceX engineer Ted Malaska showed up at the Federal Aviation Administration’s headquarters in Washington to deliver what he described as a directive from his boss Elon Musk: The agency will immediately start work on a program to deploy thousands of the company’s Starlink satellite terminals to support the national airspace ...Read more

Nelvin C. Cepeda/The San Diego Union-Tribune/TNS

'Tariffs do not help with housing costs': Apartment builders brace for steel and aluminum tariffs

Business / Business News /

Developer Nat Bosa has been responsible for some of downtown San Diego’s largest residential towers but looming tariffs have him flabbergasted.

His company, Vancouver, Canada-based Bosa Development, is in the middle of construction on a 389-unit condo tower called Andia in downtown San Diego. It also has plans to build a 211-unit apartment ...Read more

John Spink/The Atlanta Journal-Constitution/TNS

Sharks 'smell blood' in Atlanta's office market as distress mounts

Business / Business News /

When Thomas Taylor looks at Atlanta’s skyline, he sees a quarter of its office buildings underwater.

The city’s towers, of course, stand well above sea level. But Taylor’s job as the senior research manager for data firm Trepp is to assess their financial stability — and many borrowers are in industry terms “underwater,” meaning ...Read more

Sarah Reingewirtz/Los Angeles Daily News/TNS

Jonathan Lansner: 3,200 Palisades, Eaton fire victims miss mortgage payments

Business / Business News /

The sudden rush of increased household expenses is one of the numerous pains faced by fire victims in Los Angeles County.

Consider a new report showing as many as 3,200 homeowners in fire-ravaged neighborhoods are struggling to make their mortgage payments. Remember, owners of mortgaged homes must make loan payments even if the housing is gone ...Read more

Anthony Souffle/Minnesota Star Tribune/TNS

After a decade, beef farmers finally having a good year

Business / Business News /

BLACKDUCK, Minnesota — In Minnesota’s north country, a former kindergarten teacher-turned-rancher carefully walks forward on muddy, thawing ground toward a knot of dark heifers. They stare with curious white faces. One high-ended cow trots away awkwardly, a classic signal that she’ll soon be calving.

“That one shaking its tail? That one...Read more

Richard Tsong-Taatarii/Minnesota Star Tribune/TNS

A beginner's guide to downsizing

Business / Business News /

For most dream-seeking retirees, moving is not on their bucket list.

More than three-quarters of older American homeowners plan to stay in their current home and age in place, according to a survey by Redfin, a tech-based real estate brokerage.

That’s wishful thinking, said Lauren Bednar, owner of Oasis Senior Advisors. Her senior placement ...Read more

Dreamstime/Dreamstime/TNS

Duke Energy says it needs to ramp up new energy to serve data centers. Is it right?

Business / Business News /

Electric utilities nationwide are facing steep increases in power demand for the first time in decades, a challenge made more difficult by the nature of that demand.

Both large industrial customers and new data centers driven by booming interest in artificial intelligence are creating the burgeoning need for constant large levels of electricity...Read more

Darin Oswald/Idaho Statesman/TNS

President Trump takes aim at one of the biggest private investments in Idaho history. Why?

Business / Business News /

One of the largest investments in Idaho’s 134-year history could be in question after President Donald Trump called for the end of a $280 billion subsidy program called the CHIPS and Science Act.

The law, which passed with bipartisan support in 2022, directed $52 billion in federal funding to boost semiconductor manufacturing in the United ...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Trump opens the door to exempting eggs from tariffs levied on Canada and Mexico

Business / Business News /

WASHINGTON — First autos, next eggs?

The White House said Wednesday that President Trump could consider a carve-out exempting eggs from the tariffs he’s placed on Mexico and Canada, following the announcement he granted a temporary reprieve from taxes on automobiles after pressure from the U.S. industry.

“The president is open to hearing...Read more

Andy Morrison, The Detroit News/The Detroit News/TNS

Automakers get a tariff reprieve but 'damage has already been done'

Business / Business News /

WASHINGTON — Even with President Donald Trump granting an ambiguous one-month reprieve for North American autos from blanket 25% tariffs on Canada and Mexico, industry observers said the continued trade drama is harming business.

"While another postponement of the White House’s proposed tariffs on automotive-related trade between the U.S. ...Read more

Glen Stubbe/Minneapolis Star Tribune/TNS

Mayo Clinic's $1.3B operating profit sets new yearly record

Business / Business News /

Mayo Clinic set a new record for operating profit last year as the Rochester-based health system continued seeing growth in patient visits for outpatient and hospital care.

In 2022, Mayo was like many health systems in struggling to find enough workers to fully staff its operations. Those problems dissipated significantly in 2023 and the clinic...Read more

Apple/Apple/TNS

Tech review: iPhone 16e -- a worthy successor to the iPhone SE

Business / Business News /

There was a lot of speculation about the next version of the iPhone SE — which has traditionally been Apple’s cheapest iPhone.

The 2022 third generation iPhone SE cost $399 and many of us in the media were wondering if Apple would keep the next version at that price level — spoiler alert — they did not.

Nor did they call it the fourth ...Read more

Spencer Platt/Getty Images North America/TNS

Layoffs hit ABC News and Disney's entertainment TV channels

Business / Business News /

NEW YORK — ABC News and Walt Disney Co. entertainment networks are being hit with a 6% reduction in staff amid shrinking ratings and revenues for traditional television.

Workers were told of the cuts Wednesday. The reduction of 200 positions is being made across Disney's television units, with news suffering the biggest job losses. A majority...Read more

Robert Gauthier/Los Angeles Times/TNS

California farmers backed Trump. Now, his tariffs could hurt them

Business / Business News /

A day after President Trump imposed sweeping tariffs on three of the country’s biggest trading partners, many California farmers, who produce the largest share of the nation’s food, were worried the move could hurt their operations.

The state’s rich fertile ground is a major global supplier of produce and its farmers could be hit hard as ...Read more

Spencer Platt/Getty Images North America/TNS

Layoffs hit ABC News and Disney's entertainment TV channels

Business / Business News /

ABC News and Walt Disney Co. entertainment networks are being hit with a 6% reduction in staff amid shrinking ratings and revenues for traditional television.

Workers were told of the cuts Wednesday. The reduction of 200 positions is being made across Disney's television units, with news suffering the biggest job losses.

Rumors of work force ...Read more

The rise and fall of fashion pioneer Forever 21

Business / Business News /

Do Won Chang was 30 years old in 1984 when he and his wife, Jin Sook Chang, opened a shop in the Los Angeles neighborhood of Highland Park and called it Fashion 21.

The husband-and-wife team, who emigrated from South Korea three years earlier, sold clothes and apparel to teens and young adults at nearly unbeatable prices. The 900-square-foot ...Read more