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Myung J. Chun/Los Angeles Times/TNS

January 2025 wildfire victims seek tougher penalties against State Farm over claims handling

Business / Business News /

A fire survivors' group announced Thursday it was seeking tougher penalties against State Farm over its handling of January 2025 wildfire claims.

The Every Fire Survivor's Network said it was petitioning to join a state enforcement action announced this year against the company to make sure the case results in meaningful changes at California'...Read more

David Tran/Dreamstime/TNS

Uber, California lawyers say deal reached to avert dueling ballot initiative showdown

Business / Business News /

The state's trial attorneys and Uber say they have reached a last-minute deal to scrap their dueling ballot measures and avert what was gearing up to be one of most expensive battles of the November election.

The deal, which comes a day after both measures qualified for the November ballot, has Uber agreeing to bulk up safety measures, while ...Read more

Ellen M. Banner/The Seattle Times/TNS

Seattle attracts tech startups amid AI boom

Business / Business News /

On the north end of Seattle's waterfront, in a building once made famous by MTV, there's a growing artificial intelligence startup.

Yoodli, which develops AI-powered speech-coaching software, could have been based in San Francisco. Its founders, Varun Puri and Esha Joshi, worked for Google in the Bay Area but instead chose Seattle. The company ...Read more

Clarence Tabb Jr./The Detroit News/TNS

UAW-endorsed candidates Benson, El-Sayed address constitutional convention

Business / Business News /

DETROIT — The United Auto Workers-endorsed Michigan candidates for governor and U.S. Senate, Jocelyn Benson and Abdul El-Sayed, emphasized the economic challenges of families in an appeal to the Detroit-based union’s delegates Thursday at the UAW's constitutional convention.

Democratic Gov. Gretchen Whitmer is term-limited, and Sen. Gary ...Read more

Clarence Tabb Jr./The Detroit News/TNS

UAW votes to divest from Israel Bonds

Business / Business News /

DETROIT — United Auto Workers delegates on Thursday voted in a narrow decision to amend their constitution prohibiting investment in Israel Bonds, a mark of a sea change in the union's politics, according to experts.

The passage is expected to result in the divestment of at least $400,000 in Israel Bonds, according to the passed resolution ...Read more

Joe Raedle/Getty Images North America/TNS

US acts to accelerate power grid hook-ups for AI data centers

Business / Business News /

U.S. regulators have taken their biggest step yet to speed the connection of data centers to the country’s grids while simultaneously attempting to slow surging utility bills that have angered Americans.

The Federal Energy Regulatory Commission approved a series of orders Thursday tailored to the country’s power grids in a bid to remove ...Read more

Sebastien Bozon/Getty Images North America/TNS

Anthropic ban forces investor rethink of political risk

Business / Business News /

Investors in the ever-hotter AI stock rally must suddenly consider a risk with the potential to be even more damaging than high valuations and big spending: Politics getting in the way.

The U.S. administration’s move to block foreign nationals from accessing Anthropic PBC’s most advanced models over security fears was an unprecedented ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Illinois drivers could face higher tolls next year

Business / Business News /

The Illinois State Toll Highway Authority on Thursday proposed its first passenger toll hike since 2012. The proposal, which would increase passenger vehicle tolls by roughly 45 cents for I-Pass users, comes on the heels of the state’s landmark public transit funding bill, which called for the same toll increases. Commercial vehicle tolls ...Read more

GM Defense/TNS/TNS

GM, Ford race for spot in military industrial boom

Business / Business News /

Detroit is making moves toward reclaiming its once-prolific role supporting the U.S. military as President Donald Trump calls for more weapons and more factories to build them.

Multiple wars and Trump's dream of a manufacturing renaissance are fueling demand for the U.S. defense industry and contractors. Known as the Arsenal of Democracy for ...Read more

Real estate Q&A: Can condo board set $42K special assessment for structural repairs?

Business / Business News /

Q: We bought our condo five years ago and budgeted carefully. Last month, the board sent a letter saying we owe a $42,000 special assessment for structural repairs. We are retired and on a fixed income. Can the board really do this, and is there any way to fight it? — Diane

A: I am sorry you are facing this, and you are far from alone.

The ...Read more

Wally Skalij/Getty Images North America/TNS

Michael Hiltzik: A porn firm that a judge called a 'copyright troll' now has Meta in its sights -- and it could win

Business / Business News /

It isn't often that a lawsuit can make me smile, much less laugh out loud. The latest exception is Strike 3 Holdings vs. Meta Platforms, which is currently unfolding in San Jose federal court.

Two things are amusing about the case. One is that Meta, the giant social media company, is accused of copyright infringement for allegedly downloading 2...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Rents continue their free fall in the Las Vegas Valley, report says

Business / Business News /

Rents in the Las Vegas Valley continue to decline despite most of the rest of the country starting to flatten out, according to a new study.

May’s rental report from rental marketplace Zumper shows that most all of the areas in the valley have seen declining rental rates both month over month and year over year. The biggest drop year over ...Read more

Erik Verduzco/Las Vegas Review-Journal/TNS

61 Allegiant routes discontinued, but airline says it is routine

Business / Business News /

Allegiant Air, the Las Vegas-based discount air carrier that is the seventh-busiest airline operating at Harry Reid International Airport, has eliminated 61 routes from its system.

“While it is accurate that Allegiant has discontinued 61 routes, it’s important to note that these changes occurred over approximately a one-year period and are ...Read more

Dreamstime/Dreamstime/TNS

US student loan defaults rise to 9.2 million amid crackdown

Business / Business News /

The number of student loan borrowers in default soared to a record 9.16 million in April after the government ended a four-year pause on collections that was instituted during the Covid pandemic, according to the latest data from the U.S. Department of Education.

The figure, announced by the department on Thursday, is an increase from 7.7 ...Read more

Erika Schultz/The Seattle Times/TNS

Hilton union workers in Seattle strike during FIFA World Cup

Business / Business News /

Unionized employees at Embassy Suites by Hilton Seattle Downtown Pioneer Square are on strike over faltering contract negotiations during the FIFA Men's World Cup.

The strike by Unite Here! Local 8 workers, the union that represents around 7,000 workers in Washington and Oregon's hospitality industries, began at 6:30 a.m. Thursday, per a news ...Read more

Chip Somodevilla/Getty Images North America/TNS

Fed's Warsh signals revamp, but offers little substance on rates

Business / Business News /

Kevin Warsh began his tenure as chairman of the Federal Reserve with a solemn vow to curb inflation and a clear sign that he plans to swiftly revamp how the U.S. central bank does its job.

Missing was any clear guidance from him on what it means for interest rates.

Following the Fed’s two-day policy meeting, Warsh on Wednesday passed a ...Read more

Jane Tyska/Bay Area News Group/TNS

California fires back at AT&T's bid to get feds to let it stop providing landline service

Business / Business News /

California officials are taking aim at AT&T’s attempt to get the federal government to override state authorities and allow it to end landline service for many Californians.

The utility giant last month filed a federal court complaint against California regulators and submitted two petitions to the Federal Communications Commission, seeking ...Read more

Josh Boland/Chicago Tribune/TNS

Rivian lays off hundreds of workers days after new vehicle deliveries begin

Business / Business News /

Rivian said it's laying off hundreds of employees, or less than 2% of its workforce, as part of restructuring efforts aimed at making the company profitable for the first time.

The layoffs come one week after the Irvine, California-based electric vehicle maker began deliveries of its highly anticipated R2 SUV.

The company is hoping that the R2...Read more

Richard B. Levine/Levine Roberts/ZUMA Press/TNS

Allbirds stock takes flight after announcing new CEO and name change

Business / Business News /

Allbirds is clipping its wings — again.

The San Francisco company announced Wednesday it will be changing its name to Smartbird and naming a new chief executive to lead its pivot from an eco-friendly shoe company to an AI startup.

The company named Nadia Carlsten as its new CEO, replacing Joe Vernachio, who was named CEO in 2024. Carlsten ...Read more

Noelle Harff/The San Diego Union-Tribune/TNS

Qualcomm's latest chip promises to take smart glasses to a new level

Business / Business News /

Qualcomm made the case that the next computer you own won’t sit in your pocket. It’ll sit on your face.

The San Diego chipmaker took the stage at the Augmented World Expo in Long Beach on Tuesday to unveil the Snapdragon Reality Elite, a chip that will power augmented reality and mixed reality devices.

Though augmented reality glasses have...Read more