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Genaro Molina/Los Angeles Times/TNS

California AG Bonta open to Warner Bros. settlement talks if Paramount 'stops playing games'

Business / Business News /

California Attorney General Rob Bonta made it clear Tuesday he holds the power to extract major concessions in the battle over the proposed Paramount-Warner Bros. merger.

A day after canceling settlement talks, Bonta said he remains open to meeting with Paramount Skydance executives to find remedies to resolve the antitrust lawsuit stalling ...Read more

Henry Payne/The Detroit News/TNS

NHTSA probes braking-loss petition on Ford Maverick Hybrid truck

Business / Business News /

DETROIT -- U.S. regulators have opened an investigation into a petition concerning a 2024 Ford Maverick Hybrid compact pickup that experienced intermittent loss of braking.

The National Highway Traffic Safety Administration opened the probe on whether to grant or deny the petition filed on July 7. Granting the petition ultimately could result ...Read more

Chandan Khanna/AFP/Getty Images North America/TNS

SpaceX plans $100 billion Louisiana site in post-IPO growth push

Business / Business News /

SpaceX plans to build a new $100 billion launch site for its Starship rocket on the southern coast of Louisiana, allowing the company to expand operations of the behemoth vehicle that’s critical to its future.

Louisiana Governor Jeff Landry and SpaceX executives announced the plans on Tuesday, authorizing the company to build a facility ...Read more

Heather Diehl/Getty Images North America/TNS

Ex-Meta staffer says 99% of teens shunned early safety tool

Business / Business News /

A former data scientist at Meta Platforms Inc. testified that less than 1% of teenagers were early adopters of a feature designed to get them to take a break from scrolling on Instagram.

George Volichenko — who worked on the platform’s mental well-being team from April 2022 to February 2023 — told a jury that the tool’s initial impact ...Read more

Clarence Tabb Jr./The Detroit News/TNS

UAW, Shawn Fain respond to Trump's 50% tariff threat on Canadian autos

Business / Business News /

WASHINGTON — The United States' top automotive union leader has condemned President Donald Trump's threat to issue 50% tariffs on Canadian automotive goods beginning Jan. 1, 2027.

"The UAW rejects any escalation on Canada, a country with strong unions and labor standards," United Auto Workers President Shawn Fain said in a statement shared ...Read more

Win McNamee/Getty Images North America/TNS

Jackson Hole offers Warsh a prime stage to rebut his critics

Business / Business News /

Kevin Warsh’s first major speech as chairman of the Federal Reserve has become an unexpected trial of his slimmed-down communications style.

The challenge facing Warsh is to counter criticism that he hasn’t been forthright with his views on the economy, without capitulating on his determination not to spoon feed investors with clues on ...Read more

Patrick Kennedy/Star Tribune/TNS

H.B. Fuller rejects billion-dollar activist offer for key business

Business / Business News /

MINNEAPOLIS -- H.B. Fuller is accelerating a dispute with an activist investor by rejecting its bid to buy one of the Minnesota-based adhesive company’s business units for more than $1 billion.

Ancora Group Holdings quickly responded, reaffirming its intention to buy the building adhesive solutions business in a letter sharply critical of ...Read more

Target pulls 'offensive' Halloween costume

Business / Business News /

MINNEAPOLIS -- Target pulled a Halloween costume from its website after social media users said it resembled racist caricatures historically used to demean Black people.

The controversy lands as the Minneapolis-based retailer has shown signs of regaining momentum with shoppers, including stronger recent sales after a difficult stretch marked in...Read more

Andrew Harnik/Getty Images North America/TNS

Apple gears up to launch its first new Mac Mini in two years

Business / Business News /

Apple Inc. is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter.

The new desktop will debut as soon as the coming days, potentially putting the unveiling ahead of a September event to introduce the next iPhones, said the people, who asked not ...Read more

Fox/Fox/TNS

How LA stopped being Hollywood's leading star

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It was a television show tailor-made for Los Angeles: a highly anticipated Netflix crime drama about a team of ex-special forces operators who outsource their skills to criminals in the city.

The production was backed by a prominent indie studio and had a critically acclaimed lead actor attached. And with a budget of more than $100 million and ...Read more

Rob Nikolewski/The San Diego Union-Tribune/TNS

More fallout from California's tire regulation

Business / Business News /

Executives with Dunlop and Falken tires on Monday critiqued a first-of-its-kind standard the California Energy Commission adopted last week for replacement tires on passenger vehicles and light-duty trucks that goes into effect across the state in three years.

While the companies said they will work with the state, an official for the two ...Read more

Dreamstime/Dreamstime/TNS

Zillow settles with FTC, eliminates key part of $100M deal with Redfin

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Zillow settled with the Federal Trade Commission just hours before trial on Monday, agreeing to unwind part of a controversial deal with Redfin.

The FTC sued the two Seattle-based companies months after they struck a $100 million deal last February requiring Redfin to exclusively repost apartment listings provided by Zillow, transition its ...Read more

Dave Chan/AFP/Getty Images North America/TNS

Carney says US wants to destroy Canada firms, examines retaliation moves

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Prime Minister Mark Carney said his government is still working on options for retaliating against U.S. President Donald Trump’s new tariffs on Canadian goods, but added that he’s willing to continue trade talks if the U.S. adopts the “right attitude.”

The discussions with U.S. negotiators revealed that Trump wants to destroy Canada’...Read more

Chip Somodevilla/Getty Images North America/TNS

Lutnick's intervention in Canada talks draws praise and blame

Business / Business News /

U.S.-Canada trade talks collapsed after last-minute pressure from Commerce Secretary Howard Lutnick, according to people familiar with the matter, leaving President Donald Trump to impose new tariffs and Canadian Prime Minister Mark Carney vowing retaliation.

With the countries spiraling into a full-blown trade war, the spotlight is on Lutnick�...Read more

Jason Armond/Los Angeles Times/TNS

California bill targets abandoned funds. When can state seize your forgotten stocks?

Business / Business News /

SACRAMENTO, California — Proposed legislation to streamline California's ability to seize abandoned stocks and mutual funds is drawing opposition from business groups and dividing Democratic lawmakers.

State Controller Malia Cohen sponsored Assembly Bill 1447, which seeks to define the process for California to take custody of securities when...Read more

Geoff Robins/AFP/Getty Images North America/TNS

Canada may cut US power exports as Trump reignites trade war

Business / Business News /

Canada may cut off or raise the price of power exports to the U.S. to retaliate against President Trump’s new tariff war, a move that would further raise prices for beleaguered American consumers especially in northern border states like New York.

After Canadian Prime Minister Mark Carney vowed to hit back with “dollar for dollar” ...Read more

Al Seib/Los Angeles Times/TNS

Prominent Latino group blasts Paramount-Warner merger

Business / Business News /

A prominent Latino group is raising fresh concerns about Paramount Skydance's proposed acquisition of Warner Bros. Discovery, saying the blockbuster deal would crush Latino workers and small businesses that support Hollywood.

In an open letter to California Attorney General Rob Bonta, the League of United Latin American Citizens has urged the ...Read more

Dreamstime/Dreamstime/TNS

Want a lower credit card interest rate? Just ask

Business / Business News /

If you have a credit card, you have a relationship with your card issuer. Your card issuer values that relationship and wants to keep it. There are many types of offers your issuer can make to ensure you stay (and don’t default on your debt), but it won’t advertise them — since they don’t exactly make the banks more money. It’s like a ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Teachers union boycotts Target, says company was silent on ICE surge

Business / Business News /

A national coalition made up of millions of teachers, school staff and other union members has launched a boycott against Target in protest of the retailer’s decision not to publicly denounce the surge of immigration enforcement officers in the Twin Cities earlier this year.

The American Federation of Teachers (AFT), in coordination with the ...Read more

Brian van der Brug/Los Angeles Times/TNS

California cancels mediation session for the Paramount-Warner Bros. Discovery deal

Business / Business News /

LOS ANGELES — California Attorney General Rob Bonta abruptly pulled out of a planned mediation session Monday to seek a resolution to the antitrust lawsuit that has stalled Paramount Skydance’s blockbuster $111-billion merger with Warner Bros. Discovery.

Bonta, in a statement, accused Paramount of leaking and misrepresenting information the...Read more