Business

/

ArcaMax

Starbucks tells Seattle HQ workers to return to the office, or else

Business / Business News /

Starbucks is giving corporate employees two options next year: get back to the office or find a new job.

The Seattle-based coffee giant told employees in a memo, first reported by Bloomberg, that it will start enforcing its in-person work policy of three days per week starting Jan. 1.

A Starbucks spokesperson confirmed the new policy Tuesday, ...Read more

AT&T moving 'several hundred' jobs out of St. Louis

Business / Business News /

AT&T is moving “several hundred” jobs out of St. Louis, saying the company is streamlining its business to be more focused and efficient.

“As part of our ongoing review of operations and efforts to bring teams closer together, we are consolidating some work functions from St. Louis to other strategic hub locations,” Kyle Loomis, AT&T ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

As energy demand skyrockets in Las Vegas, NV Energy turns to solar

Business / Business News /

On the far north end of Las Vegas Boulevard, there’s a different kind of glimmer that Sin City isn’t as well known for.

More than 334,000 solar panels glisten in the sun at NV Energy’s Dry Lake solar project, harnessing the power of the rays and transmitting it to the power grid for the valley’s 2.3 million residents to use.

The 750-...Read more

Mahmoud Suhail/Dreamstime/TNS

Troubled B. Riley raises $236 million in sale of apparel, Brookstone brands

Business / Business News /

Struggling B. Riley Financial said Tuesday that it had sold its interests in its apparel and Brookstone brands for about $236 million — the second such asset sale in a month as it works to pay down debt related to a buyout deal that turned sour.

The Westwood-area financial services firm sold its Hurley, Justice and other apparel brands, as ...Read more

Smiley N. Pool/The Dallas Morning News/TNS

US airlines required to give automatic refunds for canceled, delayed flights

Business / Business News /

U.S.-based airlines are now required to give passengers automatic cash refunds when a flight is significantly delayed or canceled — even if the customer doesn’t ask for one — under a new Department of Transportation rule.

The rule, which was finalized in April, went into full effect this week ahead of the upcoming holiday travel season.

...Read more

Bill Pugliano/Getty Images North America/TNS

Michigan voters split on $500M federal grant for GM to build EVs in Lansing, poll says

Business / Business News /

WASHINGTON — Michigan voters are deeply divided on whether the federal government should subsidize General Motors Co.’s retooling of a Cadillac sedan plant in Lansing for future production of electric vehicles, according to a new statewide poll commissioned by The Detroit News and WDIV-TV (Channel 4).

The survey of 600 likely voters, ...Read more

Tatiana Morozova/DREAMSTIME/TNS

US economy should power through a contentious election cycle, top economist predicts

Business / Business News /

The presidential election remains a toss-up and so does the future control of Congress, which could swing to either party or remain divided.

But the direction of the U.S. economy looks a little more certain irrespective of who wins, predicted Mohamed El-Erian, president of Queens College at Cambridge University and a closely followed economist,...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing raises $21 Billion in capital to repair balance sheet

Business / Business News /

Boeing Co. raised around $21 billion in an expanded share sale, one of the largest ever by a public company, shoring up its balance sheet as it seeks to stave off a potential credit rating downgrade to junk.

The U.S. planemaker sold 112.5 million common shares for $143 each, according to a statement. The stock was priced at a discount of about ...Read more

RJ Sangosti/The Denver Post/TNS

Landlords pile 'junk fees' on Colorado renters, sometimes adding hundreds to advertised prices

Business / Business News /

Franklin Ramirez felt duped.

When he moved to Denver a little more than a year ago, he was told monthly rent at his two-bedroom, two-bathroom apartment in the downtown Civic Lofts building cost $2,355.

Then came the monthly fees.

Ramirez pays nearly $25 a month for “valet trash,” in which someone collects garbage outside the apartment ...Read more

Elizabeth Flores/The Minnesota Star Tribune/TNS

Target, Walmart lower prices this year with competing Thanksgiving meal deals

Business / Business News /

With a month until Turkey Day arrives, Walmart, Target and grocery chains are already putting Thanksgiving meal food and supplies on sale.

Earlier this month, Walmart boasted its “inflation-free” turkey and sides will be less expensive than last year, with turkeys starting at 88 cents a pound and dinner costing less than $7 per person.

On ...Read more

Colter Peterson/St. Louis Post-Dispatch/TNS

Can Ameren's newly shuttered coal plant in Missouri find new life? Other coal sites have

Business / Business News /

Ameren’s second-largest coal plant has put its last electricity onto the grid and emitted its final plumes of air pollution, which has fueled a years-long court battle — a conflict that is still unresolved, as parties weigh how the St. Louis-based utility should pay for the harm caused.

But after its closure earlier this month, the Rush ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Trump vs. Harris: How tariff policy impacts your portfolio

Business / Business News /

Tariffs have been a political economic talking point throughout the 2024 presidential election.

Although former president Donald Trump and vice president Kamala Harris offer different campaign proposals, the Republican and Democratic parties have both leveraged tariffs in recent years in an attempt to safeguard American manufacturers against ...Read more

Kevin Dietsch/Getty Images North America/TNS

Social Security benefits in 2025: 5 big changes retirees should plan for

Business / Business News /

If you’re retired or planning to retire soon, it’s important to have a plan for your retirement income. For most people, Social Security will play a significant role in this plan, so staying up to date on the latest benefits information is crucial.

The Social Security Administration (SSA) recently announced several key changes to the ...Read more

Hormel Health Labs/TNS/TNS

Hormel sells pioneering business that makes specialized food for people with medical conditions

Business / Business News /

Hormel is selling its medical foods business nearly four decades after pioneering the category with thickeners in pureed foods and drinks.

California-based Lyons Magnus announced last week it acquired Hormel Health Labs for an undisclosed sum to complement its existing line of nutrition shakes and easy-to-swallow meals.

The newly minted Lyons ...Read more

Dania Maxwell/Los Angeles Times/TNS

Will Newsom's expanded tax credit program save California's film industry?

Business / Business News /

Amid mounting pressure from Hollywood to bring production and entertainment jobs back to California, Gov. Gavin Newsom unveiled plans Sunday to significantly raise the annual cap on the state’s film and TV tax incentive program.

During a news conference held at Hollywood’s Raleigh Studios and attended by Los Angeles Mayor Karen Bass, as ...Read more

Justin Sullivan/Getty Images North America/TNS

J&J's $8.2 billion talc settlement faces January court test

Business / Business News /

The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.

After months of wrangling, a federal judge in Houston early next year will decide whether J&J’s bid to quickly settle the claims with an $8.2 billion payout can...Read more

The Equal Credit Opportunity Act became law 50 years ago. Here are 6 ways it makes America better today

Business / Business News /

I am a single Black woman, and I can apply for a credit card all by myself.

Thankfully, this is an easy (and obvious) declaration for me to make today. Unfortunately, it wasn’t so long ago that things were a lot more complicated. Before 1974, it was perfectly legal for lenders to deny me credit based solely on my gender and race.

The Equal ...Read more

Daniel Gaines/Los Angeles Times/Los Angeles Times/TNS

State Farm accused of funneling excess profits to parent as it seeks rate hike

Business / Business News /

State Farm General, California's largest home insurer, is being accused of boosting the profits of its parent company at the expense of state policyholders — while claiming it's in financial distress and in need of a 30% rate hike.

The company bought hundreds of millions of dollars of excess reinsurance from parent State Farm Mutual ...Read more

Zvonkov Eugene/Dreamstime/TNS

Medicare benefits in 2025: 4 big changes every enrollee should know

Business / Business News /

Big changes are coming to Medicare in 2025, and they could make a major difference in your prescription drug costs.

Thanks to the Inflation Reduction Act, Medicare beneficiaries will see the most significant updates to the program’s drug coverage since it was first introduced in 2006.

These updates are seen as a big win for many ...Read more

Evgenii Mainagashev/Dreamstime/TNS

Study: Care for one infant costs at least 10% of a family's yearly income in 48 states

Business / Business News /

A typical week for Diana Carter, a 34-year-old entrepreneur with three kids based in Charlotte, North Carolina, and her husband, involves coordinating day care drop-offs and pick-ups for their middle child.

But that’s just the tip of the iceberg: They also homeschool their oldest son and have family stop by multiple times weekly to help care...Read more