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Kristian Carreon/The San Diego Union-Tribune/TNS

Study: All the ways San Diego homeownership is cheaper than other US cities

Business / Business News /

If you take away the substantial purchase price of a San Diego home, a new study claims that the rest of the cost associated with owning a home here is less than many cities.

An index from the University of San Diego, which launched in April, says the overall cost of owning a home in the county is lower than many areas in terms of energy bills,...Read more

Marco Bertorello/AFP/GETTY IMAGES NORTH AMERICA/TNS

OpenAI models joined forces months ahead of Hugging Face hack

Business / Business News /

OpenAI said the artificial intelligence models behind an attack on Hugging Face Inc. began communicating with each other through undetected message boards, working together to break out of their testing environment as early as May.

Multiple internal-only agents and AI models spent months leaving notes for each other and coalescing around the ...Read more

Michael M. Santiago/Getty Images North America/TNS

OpenAI asks judge to toss Apple's trade secrets lawsuit

Business / Business News /

OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple Inc. accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless.

Lawyers for OpenAI said that Apple’s suit falsely portrays the actions of the startup’s employees. The ChatGPT maker’s top hardware ...Read more

Win McNamee/Getty Images North America/TNS

Warsh's faith in markets sidelines more nuanced Fed policy tools

Business / Business News /

Kevin Warsh’s embrace of financial markets to help the Federal Reserve do its job would mean trading more precise policy tools for a blunt instrument.

It can work, but it’s an inefficient way to bring down too-high inflation and comes with trade-offs, economists and former officials say.

Central bankers typically use their benchmark ...Read more

FORD/TNS

Ford reveals name, pricing of upcoming electric midsize truck

Business / Business News /

The Ford Fathom will be Ford Motor Co.'s first vehicle built on its new Universal Electric Vehicle Platform — a midsize truck that'll start at $28,350 plus $1,595 destination and come with a standard-range battery.

It's not a heritage name like Bronco or Maverick from deep in the 123-year-old automaker's archives. But perhaps that's the point...Read more

Brian Cassella/Chicago Tribune/TNS

Portillo's lays off 18% of corporate employees amid sluggish same-store sales

Business / Business News /

With food costs rising and same-store sales falling, Portillo’s executed a round of corporate layoffs last week, trimming 18% of its Oak Brook, Illinois-based workforce.

The iconic Chicago hot dog-and-beef chain announced the downsizing during a second quarter earnings call Wednesday as it continues to search for the recipe to catalyze growth...Read more

Dreamstime/Dreamstime/TNS

San Diego man sues Amazon over severe burn injuries from tabletop fire pit

Business / Business News /

A San Diego man who was severely burned last year while refueling a small tabletop fire pit with rubbing alcohol has sued Amazon and the companies that made the device, alleging the manufacturers and the online retail giant sold the ethanol-burning fire pit despite knowing it was a “defective and hazardous product known to have caused numerous...Read more

Leigh Vogel/Getty Images North America/TNS

FCC votes in favor of lifting limits on TV station ownership

Business / Business News /

The Federal Communications Commission voted 2-1 in favor of allowing TV station ownership groups to own more outlets, easing the way for more consolidation.

The Thursday vote that favored the change means companies can own local stations that cover more than 39% of the U.S. They could also own more than two stations in a single market.

The ...Read more

Eric Thayer/Los Angeles Times/TNS

Warner Bros. Discovery earnings tumble amid film studio struggles

Business / Business News /

Warner Bros. Discovery stumbled in the second quarter, demonstrating the hazard of depending heavily on blockbuster returns from its Burbank film studio.

Disappointing performances by "Supergirl" and "The Bride!," drove down quarterly theatrical revenue by 46%. The tepid showing illustrated how the Warner Bros. studio has fallen since last year...Read more

Robert Gauthier/Los Angeles Times/TNS

2026 FIFA World Cup gives a major revenue boost to Fox Corp.

Business / Business News /

The 2026 FIFA Men's World Cup delivered record audience levels for Fox and it showed up on the balance sheet.

Fox Corporation reported revenues of $4.12 billion for the three months ending June 30, an increase of 28% over the same quarter last year and well ahead of estimates from Wall Street analysts. Adjusted earnings per share were $1.79, ...Read more

John J. Kim/Chicago Tribune/TNS

Chicago high-rise powered by geothermal could set new standard for development

Business / Business News /

One of Chicago’s first all-electric, geothermal-powered residential high-rises is taking shape in Fulton Market.

The 33-story apartment project at 410 N. Elizabeth St. could set a new standard for Chicago development, perhaps proving that massive new high-rises can drastically reduce reliance on fossil fuels, cut carbon emissions and reduce ...Read more

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Boeing, SPEEA contract offers nearly 29% pay bump

Business / Business News /

Boeing is offering its professional aerospace union workers a 28.5% wage increase over the length of the next four-year contract, according to details of the tentative agreement shared Wednesday.

Boeing began negotiations with its white-collar union — the Society of Professional Engineering Employees in Aerospace, or SPEEA — at the start of...Read more

Brian van der Brug/Los Angeles Times/TNS

British authorities approve Paramount's Warner Bros. deal

Business / Business News /

British regulators on Thursday cleared tech scion David Ellison's $111 billion deal to buy Warner Bros. Discovery — the latest international agency to find the blockbuster combination of TV channels and historic film studios wouldn't dampen competition.

Britain's Competition and Markets Authority and the government's culture minister ...Read more

Real estate Q&A: Is my plan to lower my homeowners insurance premium smart?

Business / Business News /

Q: My homeowners insurance premium jumped again this year, and I am trying to bring the bill down. I am thinking about lowering the coverage amount on my house and raising my deductible to save some money. Is that a smart way to cut the cost, or am I setting myself up for trouble? — Gerald

A: There is a right way and a wrong way to cut costs,...Read more

Jay L. Clendenin/Los Angeles Times/TNS

How Nike insiders were charged with conspiring to steal millions of dollars' worth of sneakers

Business / Business News /

LOS ANGELES — One day last fall, Roy Lee Harvey got into a Lyft in Phoenix and headed across town. He and the driver started chatting, and authorities say Harvey told the man about his work buying high-end Nike sneakers from shoe companies and reselling them for a healthy profit.

The Lyft driver thought it sounded like a good business ...Read more

Kayla Bartkowski/Los Angeles Times/TNS

Disneyland's costumed characters make family memories. Disney's contract proposal doesn't have paid parental leave

Business / Business News /

LOS ANGELES — Disneyland, one of the most popular destinations for families, has long provided the employees behind its parades and costumed characters with paid leave in the weeks after they become new parents.

But now those full-time and part-time workers, organized under the union Actors’ Equity Association, say Disney has threatened to ...Read more

Ken Lambert/The Seattle Times/TNS

Seattle's 'wary' home shoppers leave housing market in limbo

Business / Business News /

SEATTLE — As more for-sale signs sprouted in front yards this summer, homes across the region sat on the market awaiting home-shoppers willing to make a leap despite high prices and stubborn mortgage rates.

At current demand, it would take more than three months to sell all the single-family homes listed in King County, according to a measure...Read more

Genaro Molina/Los Angeles Times/TNS

'It's not like I'm painting a tiger on my house': Hollywood's Sunset Square squabbles over its historic preservation rules

Business / Business News /

LOS ANGELES — In 2017, Hollywood's Sunset Square was named a Historic Preservation Overlay Zone, solidifying its place in L.A.'s architectural history. Four years later, Lady Gaga's dogwalker was shot in the chest outside a vacant house in the middle of the neighborhood.

A small contingent of Sunset Square residents insist the two events are ...Read more

Hyoung Chang/The Denver Post/TNS

Family's home lost to foreclosure sits empty in legal limbo: 'The system feels like gangsters'

Business / Business News /

DENVER — A two-story house that once sheltered a family of six sits empty on a corner lot in Green Valley Ranch as years of legal wrangling over homeowners association fines, metro district foreclosures and Denver’s affordable housing covenants continue to move through Colorado’s judicial system.

A year after a Denver District Court judge...Read more

Kevin C. Cox/Getty Images North America/TNS

Commercials for the ESPN/ABC telecast of the 2027 Super Bowl at SoFi are sold out

Business / Business News /

LOS ANGELES -- The Walt Disney Co. said Wednesday it has sold out the commercial time for ESPN's telecast of the 2027 Super Bowl, which airs on ABC Feb. 14.

Hugh Johnston, chief financial officer for Disney, announced the sellout on the company's earnings call. In addition to ABC, the game from SoFi Stadium in Los Angeles will air on ESPN, and ...Read more