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The 'complicated' legacy of Jim Bakker's grand plans for Heritage USA

Business / Business News /

When Jim Bakker resigned from his PTL Ministries amid mounting scandals in March 1987, there was still hope in York County, South Carolina, that whatever came next for Heritage USA wouldn’t derail the economic engine that had fueled phenomenal growth and development across the region.

At the time, PTL’s plans included $2 billion in ...Read more

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Oprah-backed True Food Kitchen files for bankruptcy, closes 3 California restaurants

Business / Business News /

LOS ANGELES — The health-focused restaurant chain True Food Kitchen has shut down three locations in Southern California after filing for Chapter 11 bankruptcy over the weekend.

The closures are among nine others across the country that served customers for the last time on Sunday.

Backed by Oprah Winfrey, True Food Kitchen says it serves ...Read more

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Trump administration investigating Wells Fargo over minority homeownership efforts

Business / Business News /

Housing officials from President Donald Trump’s administration are launching an investigation into Wells Fargo over efforts to improve Black homeownership, according to a report from the Wall Street Journal.

The Department of Housing and Urban Development sent a letter to the bank’s chief executive, Charlie Scharf, saying it is going to ...Read more

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Gold surged to a record, then fell hard. What happened?

Business / Business News /

Gold has been on a wild ride this year.

The precious metal soared to a record of nearly $5,600 an ounce before tumbling to roughly $4,000. It has since clawed its way back to about $4,200, leaving investors wondering whether gold’s spectacular run has more room to go — or whether the metal’s best days are behind it.

Daniel Eye, senior ...Read more

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Ford changes PTO policy to stay 'competitive'

Business / Business News /

Ford Motor Co. on Thursday notified salaried employees of changes to its paid-time off policy starting in 2027, including the elimination of a program to purchase vacation time and changes to vacation milestones that the automaker said would increase paid days off for some employees.

The changes are a part of human resources-related updates the...Read more

Ivy Ceballo/Tampa Bay Times/TNS

Walmart drone deliveries coming to Seattle and Denver. Is Amazon next?

Business / Business News /

A massive retailer plans to bring aerial drone delivery to the Seattle area next year and no, it's not Amazon.

Walmart announced Monday that it will expand its drone delivery service to two new metro areas in 2027: Seattle and Denver. The company is aiming to offer drone delivery from more than 270 stores across the country, though it did not ...Read more

Dreamstime/Dreamstime/TNS

Pace of Bay Area tech layoffs slows, but Workday reveals new job cuts

Business / Business News /

PLEASANTON, California — The overall pace of Bay Area tech industry layoffs has slowed in recent months, even though software company Workday has just revealed a fresh round of local job cuts.

Workday intends to eliminate 142 jobs at its corporate headquarters in Pleasanton, the cloud-based software services company reported to the state ...Read more

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Diesel prices surge just as farmers need fuel the most

Business / Business News /

On a sprawling property near the Murray River in Australia’s southeast, Andrew Russell is gearing up to harvest one of his best grain crops in years after plentiful rain. But two wars half a world away are souring what should be a celebrated season for the nation’s farmers.

Diesel prices have soared globally as supplies tighten due to ...Read more

Aaron Flaum/Hartford Courant/TNS

Heating oil prices have risen 86% over last year. What CT officials fear as consumers ask 'Do I buy groceries'

Business / Business News /

With home heating oil prices skyrocketing, officials are urging Connecticut residents to reach out for assistance before the freezing weather whips across the state this winter.

The current price of $5.91 per gallon is 86% above the average at this time last year and up 50% from June, officials said. The ongoing war in Iran has put a strain on ...Read more

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Canadian autoworkers schedule strike vote against Stellantis amid negotiation standoff

Business / Business News /

Canadian autoworkers union Unifor has scheduled a strike authorization vote for employees at the maker of Chrysler, Dodge, Jeep and Ram.

Negotiations between the Toronto-based labor union and Stellantis NV have been at an impasse for almost a month after the transatlantic automaker disclosed it has a tentative agreement to sell its idled ...Read more

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Waymo begins fully autonomous testing in Detroit, other northern cities

Business / Business News /

Drivers on Detroit roads are about to become acquainted with a phenomenon that's become commonplace in other cities across the South and the West Coast: cars traveling without anyone behind the wheel.

Waymo LLC’s rideshare service began full autonomous testing in Detroit this week without a human specialist at the wheel as the rideshare ...Read more

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ChatGPT's teen safeguards failed to alert parents during suicide conversations, report finds

Business / Business News /

The guardrails OpenAI put in place to protect teens don't seem to be working, according to a new report.

Common Sense Media's Youth AI Safety Institute rated ChatGPT for Teens an "Unacceptable Risk" for children under 18 in a study published Wednesday. The media and technology watchdog organization urged OpenAI to pause marketing the product ...Read more

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Joby Aviation hit with $116.9 million verdict in trade secrets lawsuit

Business / Business News /

A federal jury reached a verdict last week in the latest lawsuit surrounding the burgeoning market for electric vertical takeoff and landing aircraft.

The jury in Tampa, Florida, found that air taxi startup Joby Aviation owes roughly $116.9 million to aviation supplier Aerosonic after it allegedly breached a confidentiality agreement and ...Read more

Google and Constellation Energy form power purchase and AI alliance

Business / Business News /

Less than a week after the owner of Calvert Cliffs nuclear plant and Amazon reached a 20-year power deal, Constellation Energy announced a similar and even bigger agreement with Google that’s expected to boost electricity supply in Maryland and other states.

A 20-year power purchase agreement with Google will allow Baltimore-based ...Read more

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US share of studio TV spending fell from 94% to 64%, unions say

Business / Business News /

A coalition of Hollywood unions is leaning on Congress to enact a federal film tax credit, citing new research that highlights the heavy outflow of productions from the U.S.

For decades, television was the part of Hollywood that stayed home. But over the last quarter-century, with the rise of streaming and the offshoring of production, the U.S....Read more

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Disney World raises prices of annual passes, tickets

Business / Business News /

An already expensive visit to the “Most Magical Place on Earth” is about to get even costlier as Walt Disney World raises prices for annual passes and some single-day tickets.

The top-tier Disney Incredi-Pass, which allows entry to all four parks for a year with no block-out dates, now sells for $1,749. Since last October, the pass sold for...Read more

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Commentary: Democrats can become the party of business

Business / Business News /

For half a century, Republicans have worn the “party of business” label like a permanent badge — tax cuts, deregulation, tough trade talk — while Democrats have too often ceded the ground, treating economic strength as someone else’s brand to react to rather than a story to tell.

A new survey commissioned by the nonpartisan U.S.-Asia ...Read more

Robin Buckson/The Detroit News/TNS

China's ascendant auto industry: How top Detroit 3 execs are responding

Business / Business News /

DETROIT — From robot-heavy factories to using artificial intelligence to design cars, automakers are speeding to catch up with China's lightning-fast development of low-price vehicles as the manufacturing giant's vehicle production grows rapidly and globally.

Experts at the Automotive News Congress in Detroit last week warned of China's ...Read more

Christina House/Los Angeles Times/TNS

Anduril plans $3.7B submarine shipyard in Maryland, promising 3,100 jobs

Business / Business News /

Anduril Industries plans to invest $3.7 billion in a submarine manufacturing shipyard at Sparrows Point, promising more than 3,100 permanent jobs at full operation as Maryland and Baltimore County consider public support that could reach roughly $481 million.

The defense company’s proposed Arsenal-2 facility would bring large-scale ...Read more

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As NASA takes back jobs, contractor Amentum to lay off 70 at Kennedy Space Center

Business / Business News /

Earlier this year NASA Administrator Jared Isaacman announced NASA would begin taking back jobs it had doled out to contractors over the years. As a result, the company Amentum, with one of the biggest footprints at Kennedy Space Center, said it would lay off 70 positions on the Space Coast.

“NASA has notified Amentum, Base Operations and ...Read more