Business

/

ArcaMax

Andy Morrison/The Detroit News/TNS

Ford investigating vulgar anti-return-to-office conference room display

Business / Business News /

Ford Motor Co. is investigating an incident in which a vulgar anti-return-to-office message was displayed on Thursday in Dearborn corporate buildings.

A photo of the face of CEO Jim Farley with a red prohibition symbol over it appeared on monitors in conference rooms around 9 a.m. that soon were taken down, according to photos shared on social ...Read more

Real estate Q&A: Who pays to replace hurricane windows removed during condo restoration?

Business / Business News /

Q: My condo apartment’s back lanai has been undergoing concrete restoration for a year, and my unit was the first completed. There is an ongoing debate between the association and engineers about what to do with the hurricane windows and shutters on the lanai edge. Meanwhile, the association and contractors removed my hurricane windows due to ...Read more

Justin Sullivan/Getty Images North America/TNS

OpenAI valuation reaches $500 billion, topping Musk's SpaceX

Business / Business News /

OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup.

Current and former OpenAI employees sold about $6.6 billion of stock to investors including Thrive Capital, SoftBank Group Corp., Dragoneer ...Read more

Christian Gooden/St. Louis Post-Dispatch/TNS

Boeing expands push for replacement workers amid St. Louis strike

Business / Business News /

ST. LOUIS — The Boeing Co. said Thursday it would expand its push for replacement workers and boost recruitment efforts as its unionized workforce continued to strike.

Dan Gillian, the aerospace giant's top St. Louis executive, said in a letter to employees that the two-month standoff could go on for weeks or months longer "in light of the ...Read more

Bryan M. Bennett/Getty Images North America/TNS

NBCUniversal, YouTube TV mend rift with new distribution deal

Business / Business News /

YouTube TV and NBCUniversal announced a new distribution agreement Thursday, averting a blackout that could have interrupted programming routines for millions of customers.

The previous pact expired earlier this week, but both companies agreed to keep talking. They were motivated to clinch a deal without provoking the ire of YouTube TV’s base...Read more

Bill Clark/CQ Roll Call/ZUMA Press/TNS

'Make America Healthy Again' movement, Minnesota farm groups in fight over pesticides

Business / Business News /

The “Make America Healthy Again” movement and American agriculture have been on a collision course this year, and at the center is a fight over commonly used pesticides.

This May, a MAHA Commission led by Health and Human Services Secretary Robert F. Kennedy Jr. named some pesticides as potentially problematic, citing studies that link ...Read more

Alejandro A Alvarez/The Philadelphia Inquirer/TNS

How the government shutdown impacts Pa.'s 100,000 federal workers

Business / Business News /

The federal government has shut down as of 12:01 a.m. Wednesday and federal workers are among the first to bear the brunt.

The current shutdown could look different from those of the past. President Donald Trump’s administration has directed federal agencies to prepare layoff plans separate from the temporary furloughs that typically take ...Read more

Phillip Molnar/The San Diego Union-Tribune/TNS

'Bidding wars are in the rear view': San Diego home prices fall in US rankings

Business / Business News /

SAN DIEGO — San Diego home prices were down annually for a second month as the region fell in a closely watched real estate index.

The San Diego metropolitan area’s home price decreased 0.66% annually in July, according to the S&P Cotality Case-Shiller Indices report released this week. Prices were down year-over-year by 0.61% the previous ...Read more

Chicago Tribune/Chicago Tribune/TNS

Medicine from a vending machine? Advocate Health Care installs devices in Chicago

Business / Business News /

CHICAGO — Most patients don’t expect to be sent to a vending machine immediately after a doctor’s appointment or a hospital stay.

But there are two new vending machines that dole out prescription medications — not snacks — at Advocate Trinity Hospital in Calumet Heights and Advocate Medical Group’s Imani Village clinic in Chicago's ...Read more

Karl Mondon/Bay Area News Group/TNS

San Jose to buy downtown site once proposed for major tech campus as it eyes the creation of a sports and entertainment district

Business / Business News /

SAN JOSE, Calif. — San Jose has elected to purchase a prime downtown property once slated for a major tech campus, which could potentially aid the city’s vision of expanding its convention center and developing a sports and entertainment district.

The City Council has approved the $13.5 million acquisition of 447 S. Almaden Blvd – a 3.56-...Read more

Michael Hiltzik: The GOP says the Obamacare subsidies at the center of the shutdown are unimportant. Millions of Americans would disagree

Business / Business News /

Republicans on Capitol Hill and at the White House have been working assiduously to belittle the concerns of Democrats about healthcare subsidies that are scheduled to expire at the end of this year and have become the central issue provoking the government shutdown that began Wednesday morning.

Democrats thus far have held fast to their demand...Read more

Andrew Caballero-Reynolds/AFP/GETTY IMAGES NORTH AMERICA/TNS

Tech stocks jump on AI euphoria as traders brush off shutdown

Business / Business News /

Technology shares rallied, defying weakness in other parts of the stock market, after an OpenAI share sale valued the artificial intelligence company at $500 billion.

The Nasdaq 100 Index added 0.3% at 12:59 p.m. in New York in its fourth consecutive day of gains. The S&P 500 Information Technology Index rallied 0.7%, while the broader S&P 500...Read more

Alex Kormann/Minnesota Star Tribune/TNS

'It's been just so intense' for weary Lake Street business owners again beset by street violence

Business / Business News /

MINNEAPOLIS — Solcana Fitness owner Hannah Wydeven, like many fellow business owners along East Lake Street in Minneapolis, has for months picked up dirty needles, human waste and litter from her property.

The disruption from a private homeless encampment near Lake and 28th Ave. came to a crescendo with a shootout on Sept. 15 that killed one ...Read more

Ken Lambert/The Seattle Times/TNS

Why Seattle-area homeowners keep vacant rooms instead of renting out

Business / Business News /

In the midst of the Seattle-area housing shortage, hundreds of thousands of vacant rooms in big houses sit untapped as many homeowners are either reluctant to have a housemate or unsure about how to go about it.

Larry Crites is a longtime rental property owner living in Seattle.

He used to rent out the upstairs section of his first house. But ...Read more

Nick Wagner/The Seattle Times/TNS

Seattle-area owners of big houses stay put as downsizing costs rise

Business / Business News /

Brenda Beeson loves her house. It’s where she woke up next to her husband each morning and rushed her daughter out to school. She never thought the house in South King County, Washington, once so full of life, could feel as empty as it does now.

Ever since her husband unexpectedly died in 2018 and her daughter moved out, four of the home’s ...Read more

Rocket finalizes Mr. Cooper purchase in mega-deal now worth $14.2B

Business / Business News /

Rocket Companies said Wednesday it has completed a mega-deal valued at $14.2 billion to acquire mortgage servicer Mr. Cooper Group.

The Detroit-based online mortgage giant said its purchase of Texas-based Mr. Cooper, which was announced in March, brings together the country's largest loan originator and its largest mortgage servicer, which ...Read more

Chris Sweda/Chicago Tribune/TNS

United Airlines gets additional gates at O'Hare, while American loses a few: 'Competition keeps fares lower'

Business / Business News /

Beginning Wednesday, United Airlines will operate out of five additional gates at Chicago O’Hare International Airport. American Airlines will lose four.

The shift in gates is the result of a “use it or lose it” provision in a lease agreement the airlines signed with the city in 2018. Under the agreement, gates at the airport are ...Read more

Gary Coronado/Los Angeles Times/TNS

Gov. Newsom orders study of California's ailing utility and insurance markets

Business / Business News /

Gov. Gavin Newsom called Tuesday for a report that will study whether to limit the liabilities of California's investor-owned utilities if they're found to have caused wildfires — as well as to possibly establish a state-supported property insurance fund.

The executive order is more broadly intended to come up with ideas on how to reduce the ...Read more

Armando L. Sanchez/Chicago Tribune/TNS

Chicago had record summer hotel occupancy despite being painted as a war zone by Trump

Business / Business News /

Chicago may be a “hellhole” according to President Donald Trump, but the city by the lake proved a pretty attractive destination for visitors over the summer, generating records for hotel occupancy and revenue.

From June through August, hotels in Chicago’s Central Business District booked nearly 3.6 million room nights, a 4.3% gain over ...Read more

Boeing's new plane has been 'a long time coming,' analysts say

Business / Business News /

As Boeing continues to recover from the reputational damage following the Alaska Airlines panel blowout in January 2024 and two fatal 737 Max crashes six years ago, industry watchers are asking what's become the perennial question: When will Boeing build its next all-new aircraft?

Boeing walked away from plans to launch a new plane shortly ...Read more