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Detroit Axle warns of more layoffs as tariff case is heard by federal court

Business / Business News /

Detroit Axle, a large aftermarket auto parts dealer, says it has cut a handful of jobs so far and more layoffs are coming if it can't get tariff relief on goods it imports from China.

The Ferndale-based company, which in May sued President Donald Trump's administration over the tariffs, said in recent court filings that it's been forced to lay ...Read more

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Tesla likely to begin first deliveries in India from August

Business / Business News /

Tesla Inc. will open its first showroom in India on Tuesday and begin deliveries as early as next month, according to people familiar with the matter, as the Elon Musk-led electric vehicle maker looks to tap potential demand in the third-largest automobile market to counter slowing sales elsewhere.

The opening of the Mumbai showroom will mark ...Read more

Justin Sullivan/Getty Images North America/TNS

Intel chops several hundred Bay Area tech jobs as chipmaker retrenches

Business / Business News /

SANTA CLARA, California — Intel has disclosed plans to slash more than 400 Bay Area jobs this month, in an ominous sign that some tech companies must navigate a dreary economic landscape.

The semiconductor colossus has revealed a decision to cut 410 jobs in the Bay Area during July, according to official WARN notices that Intel filed with the...Read more

Henry Payne/The Detroit News/TNS

Auto review: The first convertible of summer, Mazda MX-5 Miata

Business / Business News /

OAKLAND COUNTY, Michigan — It was a looooong Michigan winter this year with bitter temperatures, record snowfalls and chilly May days. In the South where I grew up, we hail the first songbird of April spring. Here in Michigan, I look for the first convertible of June summer.

It arrived in my driveway as a Mazda MX-5 Miata.

What a joy this ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 Ford Explorer Platinum is a passenger moving gem

Business / Business News /

When buyers are in the market for a vehicle that can move a lot of stuff, they tend toward options that can handle the capacity while not breaking the bank. The Chevrolet Traverse and even the KIA Telluride come to mind, but a perennial favorite has been the long-lasting Ford Explorer. In Grasso’s Garage this week, we review a beautiful 2025 ...Read more

Chip Somodevilla/Getty Images North America/TNS

Michael Hiltzik: How Big Business killed the 'click-to-cancel' FTC rule, which would have saved consumers billions

Business / Business News /

When consumers are asked to identify their most frustrating interaction with businesses, the obstacles to canceling an automatically-renewing service invariably rank high.

Some companies require cancellations to be done by phone, or even in person. Even finding a cancellation option on a merchant's website can be daunting. Cancellation can ...Read more

Brendan Smialowski/AFP/Getty Images North America/TNS

Iconic Silicon Valley VC firm urged to fire partner over 'racist' social media post about Muslim politician Mamdani

Business / Business News /

A Fourth of July social media post about Muslim politician Zohran Mamdani by a partner at a legendary Silicon Valley venture capital firm has the nation’s largest Muslim advocacy group calling for the investor’s firing.

Shaun Maguire, a self-professed supporter of Israel and President Donald Trump, and a partner at Sequoia Capital, posted ...Read more

David Guralnick/The Detroit News/TNS

Cadillac VP responds to elimination of $7,500 federal EV tax credit

Business / Business News /

Cadillac will need to "make adjustments" in response to President Donald Trump signing the One Big Beautiful Bill Act eliminating an up-to-$7,500 tax credit for electrified vehicles, the luxury brand's global vice president said Thursday.

After Sept. 30, the tax credit no longer will be available. The budget cut comes as John Roth said the ...Read more

Mathieu Lewis-Rolland/Getty Images North America/TNS

Boeing work instructions inadequate for years before blowout, NTSB finds

Business / Business News /

The panel blowout aboard an Alaska Airlines Boeing 737 was the result of more than four missing bolts, the National Transportation Safety Board reiterated in its final investigation report into the incident released Thursday.

The Jan. 5, 2024 blowout — which occurred shortly after the Alaska Airlines plane took off from Portland, Oregon — ...Read more

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NC reclaims No. 1 on CNBC's Top States for Business list. Why it tops the rankings

Business / Business News /

North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 on CNBC’s latest annual ranking of best states for business. It is the third time in four years North Carolina has topped the list, rebounding from a close second-place finish in 2024.

In 2025, North Carolina finished No. 3 on economy, the most-weighted metric, and No. 4 ...Read more

David McNew/Getty Images North America/TNS

Delta defies summer travel slump as profits beat expectations, push up stock

Business / Business News /

Delta Air Lines executives say they believe the current slump in domestic air travel will pass soon, prompting the carrier to restore a full-year earnings forecast that it scrapped this spring amid market volatility.

The Atlanta-based carrier, which is the first major U.S. airline to report its earnings for the early summer travel season, is a ...Read more

DREAMSTIME/TNS

Motormouth: Are valve seals to blame?

Business / Business News /

Q: ​I had a beautiful VW Scirocco that used oil at an increasing rate. Finally, a VW mechanic told me that the problem was probably the valve seals. He took out the seals and they looked like bacon bits. The new seals looked like big gray Cheerios. Oil consumption went from a quart every 300 miles to a quart in 2,500 miles. Later VW did a ...Read more

DREAMSTIME/TNS

Michigan's WK Kellogg cereal maker set to be bought by Italian candymaker Ferrero

Business / Business News /

WK Kellogg Co., the cereal giant, is set to be acquired by the Italian candymaker behind Ferrero Rocher in a nearly $3 billion deal, the Wall Street Journal reported Wednesday.

A deal with parent Ferrero SpA, the maker of Butterfinger candy bars and Nutella hazelnut spread, could be finalized as soon as this week, according to reports.

Shares ...Read more

Jane Tyska/Bay Area News Group/TNS

Big Oakland hotel is seized by lender as Bay Area lodging market fades

Business / Business News /

OAKLAND, California — A lender has taken ownership of Oakland’s biggest hotel through a foreclosure that underscores the ailments and price nosedives that plague the Bay Area’s sickly lodging market.

The Oakland Marriott City Center hotel was taken back by its lender, which bought the property for just under $70.2 million through the ...Read more

Real estate Q&A: Can country club board decide who is on new owner's deed?

Business / Business News /

Q: A lady I know recently purchased a country club property together with her stepfather. The club’s board decided they couldn’t be members because the stepfather was married to her mother, which would automatically make the mother the second member. They were told the mother had to be included, even though she wasn’t on the property deed,...Read more

NICOLAS TUCAT/GETTY IMAGES NORTH AMERICA/TNS

A week after layoffs linked to AI cost, Microsoft pledges $4B to AI education

Business / Business News /

Microsoft plans to donate $4 billion worth of cash, technology and training to enhance artificial intelligence education, a substantial bequest as the Redmond, Washington-based software giant aims to make billions more off a technology it expects to be on par with the introduction of electricity.

Microsoft President Brad Smith announced the ...Read more

Seattle sued over its mandatory housing affordability program -- again

Business / Business News /

A small construction company and two homeowners in Seattle are suing the city over its mandatory affordable housing program that requires developers either build or help pay for below-market-rate homes.

The lawsuit, brought by the libertarian-minded Institute for Justice, alleges the program fails to establish a nexus between new residential ...Read more

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UnitedHealth shares trade lower following report of new details from DOJ investigation

Business / Business News /

UnitedHealth Group shares fell about 2% in trading Wednesday morning after the Wall Street Journal reported new details on a previously reported criminal investigation by the U.S. Department of Justice into Medicare Advantage billing practices at the Eden Prairie-based health care giant.

The Justice Department’s criminal health care fraud ...Read more

Jim Vondruska/Getty Images North America/TNS

State Farm to raise Illinois homeowners insurance rates by 27.2% in August

Business / Business News /

As Texas grapples with the massive flooding that struck Hill Country and killed at least 119 people during the July Fourth weekend, many Illinois homeowners will soon see their home insurance rates skyrocket due to the increase in such extreme weather events.

State Farm is raising homeowners insurance rates in Illinois by a whopping 27.2% ...Read more

MATTEL/TNS

Mattel's newest Barbie has diabetes

Business / Business News /

Dressed in a matching polka dot tank top and ruffled skirt with blue chunky heeled boots and a mini purse, Mattel's newest Barbie may look like previous dolls at first glance.

But this particular doll stands out with a wearable insulin pump on her waist, a glucose monitor on her arm and a phone showing her blood sugar readings, making her the ...Read more