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Terry Savage: Financial tasks to tackle before year-end

Business / Business News /

Now is the sweet spot, after the elections and before the year-end holiday crunch, to do some financial planning and organization. This is the quiet time for accountants and financial advisors, so you can easily get their attention. And late fall weekends are the perfect time to do that since most of the exciting sports playoffs are behind us �...Read more

Jeff Gritchen/The Orange County Register/TNS

Disney's theme parks division lays off at least 100 employees

Business / Business News /

The latest round of belt-tightening across Hollywood has now reached the Happiest Place on Earth.

Walt Disney Co.'s theme parks division is laying off between 100 and 200 people, according to a person familiar with the matter who was not authorized to comment publicly.

The cuts to Disney's experiences segment stem from a regular evaluation of ...Read more

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Tech review: Affordable OLED TVs? Roku says why not?

Business / Business News /

Roku is a brand most of us know for streaming sticks and streaming boxes that turn any TV into a smart TV.

Roku also licenses its operating system to TV manufacturers, which means you could buy a TCL TV that runs the Roku operating system.

For the last few years, I have been aware of Roku-branded TVs, but I never really gave them much thought....Read more

Dreamstime/Dreamstime/TNS

San Diego biotech lays off nearly all its staff after drug trial failure and 2 patient deaths

Business / Business News /

San Diego biotech Artiva Biotherapeutics is laying off about 94% of its workforce and abandoning its lead immunotherapy treatment for rheumatoid arthritis roughly five months after raising about $300 million from investors.

The company said Tuesday that updated data showed its lead candidate, AlloNK — an off-the-shelf natural killer cell ...Read more

Fabrice Coffrini/AFP/Getty Images North America/TNS

Microsoft CEO Satya Nadella's pay dips to $90.6 million

Business / Business News /

Microsoft CEO Satya Nadella's pay dropped in the company’s most recent fiscal year — all the way down to $90.6 million.

It marks a nearly $6 million slide in total compensation from a year earlier for Nadella, according to an Oct. 21 regulatory filing. But it’s still up from the cool $79.1 million he made the year before that.

The drop ...Read more

Chance Yeh/Getty Images North America/TNS

Michael Hiltzik: Anthropic says its goal is to help humanity, but you may not want to believe it

Business / Business News /

Anthropic, the big artificial intelligence lab, wants everyone to understand that it's deeply devoted to developing advanced AI "for the benefit of humanity."

We know this because it has placed this principle front-and-center in the preliminary prospectus for its upcoming initial public stock offering, which was made public on Monday. It's what...Read more

Todd McInturf, The Detroit News/The Detroit News/TNS

Hybrids coming to GM plant in Michigan, automaker says

Business / Business News /

General Motors Co. will produce hybrids at its Lansing Delta Township Assembly plant near Michigan's capital, as it seeks to catch up in an electrified vehicle segment that has enjoyed strong growth this year amid rising gas prices.

The automaker declined to provide details on timing and models to be made at the plant, which now produces the ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Special charges return Stellantis to net loss in third quarter

Business / Business News /

The maker of Chrysler, Jeep, Dodge and Ram returned to the red in the third quarter, reporting a net loss of more than $500 million (453 million euro) from special charges.

Despite the loss as the company incurred $111 million (0.1 billion euro) in cash outflows related to second-half of 2025 charges, the transatlantic automaker said the ...Read more

Scott Olson/Getty Images North America/TNS

America's truckers on the brink with 221 bankruptcies this year

Business / Business News /

Justin Stoneman has been in the trucking industry for 27 years, operating out of central Michigan’s agricultural heartland. Hauling grain and fertilizer around the Midwest, his 12-odd tractor trailers generated more than $3 million in annual revenue during their best times.

Those days are over. In the past year, Stoneman’s business has been...Read more

Kim Hairston/Baltimore Sun/TNS

US offers Constellation $5 billion financing to spur nuclear

Business / Business News /

The Trump administration is offering as much as $5 billion in financing to Constellation Energy Corp. to upgrade and modernize the nuclear operator’s fleet of reactors in Illinois, Maryland, and Pennsylvania.

The projects backed by the conditional loan commitment are expected to add nearly 1.1 gigawatts of electricity and help strengthen the ...Read more

Patrickmcdonnell/Dreamstime/TNS

SK Hynix unveils $45 billion shareholder returns from AI profits

Business / Business News /

SK Hynix Inc. unveiled plans to return about $45 billion more to shareholders after profit surged a stronger-than-expected seven-fold, reflecting the resilience of an AI infrastructure rollout that’s propelling memory chip demand.

The world’s second-biggest memory chipmaker reaffirmed it expects shortages of components crucial to Nvidia ...Read more

Kevin Richardson/Baltimore Sun/TNS

Maryland reaches $600,000 settlement with cash advance company Brigit

Business / Business News /

Maryland Attorney General Anthony Brown announced Tuesday that the state reached a $600,000 settlement with Bridge It, Inc. (Brigit), a financial technology company that offers earned wage access, over allegations that it misled consumers and engaged in unlicensed lending.

“Marylanders living paycheck to paycheck cannot afford surprise ...Read more

Nhat V. Meyer/Bay Area News Group/TNS

DoorDash soon could acquire grocery delivery service Instacart

Business / Business News /

DoorDash, the popular service that delivers meals and retail items to customers’ doors, is in talks to acquire grocery delivery platform Instacart, according to a report from the Wall Street Journal.

The rival companies compete with several other online delivery services, including Amazon, Walmart, Postmates and Uber. Instacart, however, ...Read more

Evan Ramstad: Minnesota's new leaders must face if high taxes harm growth

Business / Business News /

From school board members to the governor, Minnesotans who win elected office next month will have to seriously reckon with whether the state has become too expensive to attract new businesses and people.

That process should even go as far as lowering the state’s business tax. At 9.8%, it is the nation’s second-highest and will take the top...Read more

Getty Images North America/TNS

Michael Hiltzik: Who would gain from a merger of Musk's SpaceX and Musk's Tesla? Take a wild guess

Business / Business News /

Here's a rule of thumb when you're pondering who would be a major beneficiary of any idea floated by Elon Musk about the future of his multiple companies: If you don't place Musk at the top of the list, you might want to reconsider your math.

That issue arose, and not for the first time, when Musk in effect blessed the idea of merging Tesla and...Read more

Dreamstime/Dreamstime/TNS

AI leader Anthropic reveals explosive growth, steep losses -- and lots of risks

Business / Business News /

Anthropic, creator of the Claude artificial intelligence model, filed its long-awaited paperwork for a historic public offering that could shape the future of the AI boom.

The company's filing Monday revealed that it will trade under the symbol "ANT" on the Nasdaq Global Select Market. Although its expected valuation of $1.5 and $2 trillion ...Read more

Ellen M. Banner/The Seattle Times/TNS

First Boeing 737 Max 10 rolls out at new North Line in Everett

Business / Business News /

Boeing rolled the first 737 Max 10 out of its Everett, Washington, factory Monday, marking a milestone for the newly certified aircraft program and the newly opened North Line.

The North Line, which adds a fourth Max production line to the three already operating in Renton, opened in July. The grand opening was nearly two years behind schedule ...Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing won't increase Max production rate again this year, Ortberg says

Business / Business News /

Boeing lost $116 million in the third quarter this year, as it celebrated certification milestones for two new Max variants but slowed its progress on increasing monthly Max production.

Boeing is working to increase its monthly Max production rates from 42 planes per month to 47 but expects that stabilization period" will last into early next ...Read more

LUDOVIC MARIN/AFP/Getty Images North America/TNS

Anthropic's IPO sets up defining moment for Wall Street and AI boom

Business / Business News /

Anthropic PBC’s initial public offering is laying bare the stark extremes of the multi-trillion-dollar AI boom business model: astonishing growth paired with uncertainty about demand and the spending required to continue developing the technology. The startup, which publicly filed IPO paperwork on Monday, is poised to be the first major U.S. ...Read more

Patrickmcdonnell/Dreamstime/TNS

Memory chip giants worth $2 trillion face test to prove AI isn't a bubble

Business / Business News /

From South Korea to Japan and China, the world’s biggest memory chipmakers will this week seek to quell fears that AI spending is outpacing future demand. How they handle back-to-back earnings disclosures and investors’ questions will help determine the trajectory for markets and shed light on the broader outlook for the artificial ...Read more