Business

/

ArcaMax

Justin Sullivan/Getty Images North America/TNS

LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers

Business / Business News /

Job cuts are hammering the tech industry as companies ramp up investments in artificial intelligence.

This week, San José-based tech company Cisco said it was cutting fewer than 4,000 jobs or less than 5% of its workforce. Cisco announced the layoffs the same day that the company reported that it grew its revenue to $15.8 billion and net ...Read more

Justin Sullivan/Getty Images North America/TNS

Gamers, developers protest Saudi Arabia's bid to acquire Electronic Arts

Business / Business News /

As Electronic Arts moves closer to closing a sale of the gaming company to Saudi Arabian investors, it's facing backlash from a group of protestors who are calling it a bad deal.

A coalition calling itself the Players Alliance staged a protest outside Electronic Arts' Redwood City headquarters this week. Dressed as Sims characters, the ...Read more

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

Shawn Fain faces 4 rivals in the UAW president race. Here's the list

Business / Business News /

At least four United Auto Workers members plan to take on Shawn Fain to become the next president of the powerful Detroit union later this summer — and more contenders might jump in the race.

The challengers include Brian Keller, a Michigan Stellantis NV worker and vocal Fain critic with a large social media following, as well as Will Lehman,...Read more

Real estate Q&A: Am I responsible for mortgage after signing quit-claim deed?

Business / Business News /

Q: My ex and I divorced last year, and she kept the house. I signed a quit-claim deed transferring my interest in the property to her. I thought I was done with it. Now I am trying to buy a small place of my own, and my lender says I still appear to be responsible for the mortgage on the old house. How can that be? I do not even own it anymore. ...Read more

Myung J. Chun/Los Angeles Times/TNS

Waymo recalls thousands of its driverless cars after some failed to avoid flooded roads

Business / Business News /

Waymo is recalling 3,791 autonomous taxis after a software defect caused some vehicles to drive into flooded roadways, according to a recall report from the National Highway Traffic Safety Association.

The voluntary recall filed April 30 affects Waymo vehicles operating on the company's fifth and sixth generation Automated Driving System. The ...Read more

Stephen Brashear/Getty Images North America/TNS

Passenger sues Alaska Airlines over turbulence

Business / Business News /

An Alaska Airlines flight passenger says she was injured and “deeply traumatized” from severe turbulence on her 2024 flight from Seattle to Phoenix, which left four crew members hospitalized. Now, she’s suing.

Washington resident Natalie Russell filed a lawsuit Wednesday in King County, Washington, Superior Court claiming Alaska Airlines ...Read more

MICHAEL TEWELDE/AFP/Getty Images North America/TNS

Jury awards $49.5 million to family of Boeing 737 Max crash victim

Business / Business News /

A jury on Wednesday awarded $49.5 million to the family of Samya Rose Stumo, a 24-year-old who died when a Boeing 737 Max plane crashed in Ethiopia in March 2019, the second deadly Max crash in a matter of months.

The trial, which started May 4 in a Chicago federal court, resolves one of the last remaining cases filed against Boeing by the ...Read more

Sam Morris/Las Vegas Review-Journal/TNS

Allegiant closes $1.5B deal to acquire Sun Country Airlines

Business / Business News /

Allegiant Travel Co. on Wednesday completed the $1.5 billion merger with Sun Country Airlines Holdings Inc., potentially creating a leisure airline superpower that will be based in Las Vegas.

Over the next several months, Allegiant and Sun Country will integrate their systems, employees and fleets and, within three years, expect to save $140 ...Read more

DON MACKINNON/AFP/Getty Images North America/TNS

Taylor Swift, lawsuits and quirky exemptions: How empty homes tax works in other cities

Business / Business News /

SAN DIEGO — If Measure A passes on June 2, San Diego would join a group of cities in the U.S., Canada and abroad that tax second homes or properties that are unoccupied for most of the year.

San Diego’s “non-primary home” tax, as it is being called, would impose an initial annual levy of $8,000 on more than 5,000 homes that are vacant ...Read more

Genaro Molina/Los Angeles Times/TNS

Los Angeles' surging real estate prices have cooled, so why is nobody buying condos?

Business / Business News /

Even as the relentless rise in Los Angeles housing costs seems to have paused, condominium sales slowed to a trickle this year.

The number of condo units sold in the first two months slid to a more than 20-year low, according to figures from real estate data firm Attom. The median price of a condo fell nearly 5% in February compared with a year...Read more

Allen J. Schaben/Los Angeles Times/TNS

Los Angeles Council takes first step to delay $30-an-hour minimum wage for hotel, airport workers

Business / Business News /

The Los Angeles City Council on Wednesday moved to potentially delay a contentious $30 hourly minimum wage for hotel and airport workers, saying the action may be needed to stave off a business-backed ballot initiative to eliminate the city's gross receipts tax.

In a 9-6 vote, the council voted initial approval of an ordinance to postpone ...Read more

Mike Stocker/South Florida Sun Sentinel/TNS

Ex-Spirit workers sue, saying airline failed to give proper layoff notices, owes back pay and benefits

Business / Business News /

Spirit Airlines’ abrupt shutdown this month was too abrupt under the law, a group of terminated employees allege in a proposed class-action lawsuit.

Their complaint, filed in U.S. Bankruptcy Court for the Southern District of New York, asserts that management misled its workforce about its prospects for staying in business and still owes ...Read more

Myung J. Chun/Los Angeles Times/TNS

40,000 University of California workers gird for a strike, disrupting medical services, cafeterias at all campuses

Business / Business News /

The University of California is bracing for a massive strike Thursday that would disrupt services at all campuses, hospitals and medical centers as more than 40,000 workers — patient transport staff, nursing aides, custodians, campus dining hall employees — are prepared to walk out if an agreement is not reached.

The threatened strike ...Read more

McDonald's/McDonald's/TNS

McDonald's gets naming rights sponsorship for new Chicago Fire stadium

Business / Business News /

There’s a new name in Chicago sports stadiums.

Fast-food giant McDonald’s has inked a long-term deal with the Chicago Fire to add its name — and a massive flagship restaurant — to the team’s new $750 million stadium going up at The 78 in the South Loop.

McDonald’s Park, as the new soccer venue will be branded, represents the first ...Read more

Kevin Clark/The Seattle Times/TNS

Seattle Art Museum employees are unionizing

Business / Business News /

Workers at one of the West Coast’s most prominent museums are unionizing.

On Wednesday, more than 100 Seattle Art Museum employees working across more than 20 front- and back-end departments announced their intent to unionize, the latest effort in a growing movement of labor organizing at museums and fine art institutions around the country ...Read more

Patrick T. Fallon/AFP/Getty Images North America/TNS

Coca-Cola manufacturer to shutter major Southern California plant

Business / Business News /

A regional Coca-Cola manufacturer will shut down a plant in Ventura, California, after over 100 years in production.

Reyes Coca-Cola Bottling will close the plant on July 10, the company announced in a recent state filing.

"We regularly assess our locations, products and services to ensure we can continue driving sustainable growth and ...Read more

John T. Greilick/The Detroit News/TNS

Why the China-built Lincoln Nautilus has a US VIN

Business / Business News /

When Steven Thomson visited his local Lincoln showroom, he noticed something peculiar: The Nautilus SUV's vehicle identification number began with the number 5.

That was odd, because Thomson — a retired parts and service manager and a car guy — always heard that VINs beginning with a 1, 4 or 5 were made in the United States. But the ...Read more

David Guralnick/The Detroit News/TNS

Amid Trump trip, Michigan duo latest to float Chinese car ban

Business / Business News /

WASHINGTON — A bipartisan duo of Michigan lawmakers is backing a push to ban Chinese vehicles from the United States, adding yet more force behind a widespread effort to keep President Donald Trump from opening the American marketplace to a major competitive threat.

Republican U.S. Rep. John Moolenaar of Caledonia and Democratic Rep. Debbie ...Read more

AFP/Getty Images North America/TNS

Judge says cannot 'rubber stamp' $1.5 million Musk-SEC deal

Business / Business News /

A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the Securities and Exchange Commission to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing stake in Twitter Inc.

“I am not going to rubber stamp this settlement and I cannot rubber stamp...Read more

Sebastien Bozon/AFP/Getty Images North America/TNS

Microsoft spent over $100 billion on OpenAI partnership

Business / Business News /

Microsoft Corp. has spent more than $100 billion on its partnership with OpenAI, a sum that underscores the significance of the software maker’s role in the AI company’s growth.

That figure includes Microsoft’s original investments in OpenAI, as well as the costs of building infrastructure and hosting OpenAI’s computing, Microsoft deals...Read more