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Dreamstime/Dreamstime/TNS

Boeing gets $298 million Israel deal for 5,000 smart bombs

Business / Business News /

Boeing Co. has a new $298 million contract with Israel to deliver as many as 5,000 new air-launched smart bombs, according to three people familiar with the transaction.

The company’s Small Diameter Bomb is a guided munition that can be launched by Israeli jets at targets more than 40 miles (64 kilometers) away.

The new contract is not ...Read more

Dreamstime/Dreamstime/TNS

Anthropic tells judge it could lose billions If US shuns AI tool

Business / Business News /

Anthropic PBC told a judge it could lose as much as billions of dollars in revenue this year and urged quick action on its request to block the Trump administration’s declaration of the company as a supply-chain risk after a blowup with the Pentagon over artificial intelligence safety issues.

A lawyer for the startup made a case for urgency ...Read more

Disneyland Resort President Thomas Mazloum named parks chief

Business / Business News /

Disneyland Resort President Thomas Mazloum has been named chairman of Walt Disney Co.'s experiences division, the company said Tuesday.

Mazloum succeeds soon-to-be Disney Chief Executive Josh D'Amaro as the head of the Mouse House's vital parks portfolio, which has become the economic engine for the Burbank media and entertainment giant. His ...Read more

Ronaldo Bolanos/Los Angeles Times/TNS

LAX board approves fee hike for companies like Uber, Lyft and others

Business / Business News /

Your next trip to or from LAX might soon get more expensive if you're grabbing a taxi or turning to a phone app for a ride.

On Tuesday, board members for the Los Angeles World Airports approved a fee hike for private transportation companies that pick up and drop off passengers at Los Angeles International Airport. The access fee increase ...Read more

Sara Nevis/The Sacramento Bee/TNS

Target's 'shrink' back to pre-pandemic levels, but it's not all about theft

Business / Business News /

Retailers across the country, including Target, say one metric is finally improving: Shrink is returning to pre-pandemic levels.

That’s good news for the Minneapolis-based retailer’s bottom line. At one point amid the supply chain crisis following the pandemic, executives said they expected shrink, mainly from theft and organized retail ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing is reworking some 737 Max planes to fix scratches on wires

Business / Business News /

Boeing is reworking some 737 Max planes to fix small scratches on wires, the company said Tuesday.

The scratches were caused by a machining error and do not present an immediate safety issue, according to Boeing's engineering analysis.

Boeing is repairing planes that have already moved through its production line but have not yet been ...Read more

Stacey Wescott/Chicago Tribune/TNS

Opening arguments begin in first Illinois trial against Abbott over its formula for premature babies

Business / Business News /

CHICAGO — Four Illinois mothers would never have allowed their prematurely born babies to be fed a specialized formula made by Abbott Laboratories had they known about the risks, an attorney for the parents argued in court Monday, while a lawyer for the company countered that the formula is not dangerous and that additional warnings about it ...Read more

Justin Sullivan/Getty Images North America/TNS

NHTSA takes 'milestone' step toward robotaxi commercial deployment

Business / Business News /

WASHINGTON — The federal government has begun the process of exempting the nation’s first purpose-built robotaxi from certain safety standards so it can deploy commercially on American roads.

Amazon.com Inc. subsidiary Zoox petitioned the National Highway Traffic Safety Administration in August for such exemptions so it could place up to 2,...Read more

Christina House/Los Angeles Times/TNS

Beyond Meat drops 'Meat' from name

Business / Business News /

Beyond Meat is changing its brand to just Beyond.

The El Segundo maker of plant-based proteins that look and taste like meat changed its website and social channels last week to reflect its new full name: Beyond the Plant Protein Co.

"We are not moving away from making plant-based meat. This is a strategic expansion of our portfolio into ...Read more

Kayla Bartkowski/Los Angeles Times/TNS

Michael Hiltzik: Those job numbers tell us that Trump's economy really stinks

Business / Business News /

What a difference a year makes.

Last year at about this time, Elon Musk was boasting that his DOGE team could achieve $2 trillion in federal budget savings by paring down the government workforce. In November, President Trump announced plans to send $2,000 "tariff dividend checks" to all Americans "(not including high income people!)," he said....Read more

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

Honda exports to Japan with these US-made models

Business / Business News /

Honda will join other U.S. manufacturers Chevrolet, Cadillac, and Jeep in exporting vehicles to Japan.

Honda? Yes, Honda.

The Japan-based automaker produces over 1 million vehicles a year from its four U.S. assembly plants in Ohio, Indiana and Alabama. Honda announced this week that it will beginning exporting the performance-focused, Ohio-...Read more

Allen J. Schaben/Los Angeles Times/TNS

Legal fight reopens over Trump's push to tax low-value imports

Business / Business News /

A U.S. trade court has revived a challenge to President Donald Trump’s move to end a tariff exemption for low-dollar imports, resuming a legal fight with financial stakes for online retailers and small businesses as well as Americans who directly buy goods overseas.

Litigation over what’s known as the de minimis exemption was on hold while ...Read more

Stellantis/TNS/TNS

Chrysler reveals details and pricing for updated Pacifica minivan

Business / Business News /

Chrysler's refreshed 2027 Pacifica minivan includes updated front-end styling, new safety features and other tweaks for a base price of about $45,000, the brand said Monday.

Chrysler said orders for the seven or eight-passenger van are open this week and it is scheduled to arrive in dealerships this summer.

The Pacifica was introduced for the ...Read more

Antonio Perez/Chicago Tribune/TNS

Expect plane tickets to get spendier as war in the Middle East pushes up jet fuel costs

Business / Business News /

Airfare prices are likely increasing, and soon, as the cost of jet fuel has risen dramatically since the start of the war in Iran on Feb. 28.

Travelers may see fuel prices impacting airfares “quickly,” United Airlines CEO Scott Kirby said at an event in Boston last week, according to CNBC.

Airlines “will adjust their future ticket prices...Read more

Karen Ducey/The Seattle Times/TNS

Starbucks will shutter five Seattle stores

Business / Business News /

Starbucks plans to shutter five coffeehouses, including four unionized stores, in Seattle next month.

The affected stores are located on First Hill, in the University District, in the Seattle Center Armory, in Seattle Children’s hospital and in the Metropolitan Park East building downtown.

Except for the Met Park East tower location, workers...Read more

Simon Lehmann/Dreamstime.com/TNS

Anthropic sues US government over supply chain risk label

Business / Business News /

Anthropic PBC sued the Defense Department for declaring that the artificial intelligence giant posed a risk to the U.S. supply chain, further ramping up a high-stakes dispute with the Pentagon over safeguards on the company’s technology.

San Francisco-based Anthropic is challenging a decision by the department and other federal agencies to ...Read more

Apple/TNS/TNS

Apple postpones smart home display launch as it waits for new AI and Siri

Business / Business News /

Apple Inc.’s artificial intelligence struggles are rippling through its product plans, forcing the company to delay a long-in-the-works smart home display until later this year, according to people with knowledge of the matter.

The product, code-named J490, was first scheduled for spring 2025 but was postponed to let the company finish work ...Read more

Dreamstime/Dreamstime/TNS

Netflix goes from M&A loser to market winner without Warner deal

Business / Business News /

Netflix Inc.’s stock price is staging a dramatic reversal triggered by management’s decision to walk away from its proposed acquisition of Warner Bros. Discovery Inc. late last month.

“The core business is phenomenal and they never needed that deal — it was a nice to have, not a must have,” Wedbush analyst Alicia Reese said. “It’...Read more

Hyoung Chang/The Denver Post/TNS

JBS workers in Colorado to go on strike next week, union announces

Business / Business News /

Thousands of workers at the JBS meatpacking plant in Greeley, Colorado, plan to go on strike March 16 amid stalled contract negotiations and accusations that the company is committing unfair labor practices.

United Food & Commercial Workers Local 7, the union representing 3,800 JBS laborers, announced Monday that its bargaining committee has ...Read more

DREAMSTIME/TNS

Survey: Americans are increasingly entangled in financial scams; experts say AI is contributing to the problem

Business / Business News /

A growing number of people say they’ve experienced some form of financial fraud over the past year, especially older, white Americans, despite taking a variety of precautions to protect themselves, Bankrate’s latest national survey has found.

Experts said scammers are getting increasingly crafty, using artificial intelligence to clone ...Read more