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Dreamstime/Dreamstime/TNS

Motormouth: When will gas go bad?

Business / Business News /

Q: So, in the 1960s my parents said I learned to read by reading the Tribune sports section. I have been a life-long subscriber and have enjoyed your straightforward advice. Now that I’ve entered my sixties, I finally have a question for you. I am considering a PHEV as I work close to home and usually drive no more than 15 miles a day and may ...Read more

Ray Chavez/Bay Area News Group/TNS

Sixth Tesla Cybertruck recall hits more than 2,000 owners, who must bring vehicles in for fix

Business / Business News /

Owners of certain Tesla Cybertrucks will have to visit the repair shop after Tesla issued a recall affecting 2,400 of the electric vehicles over possible sudden loss of power to the wheels.

At issue is a transistor in some trucks built between Nov. 6, 2023 and July 30. Failure of the component could lead to a non-responsive accelerator pedal ...Read more

Dimitrios Kambouris/Getty Images North America/TNS

The world's 10 richest people: The wealthiest have $100 billion or more

Business / Business News /

The world’s wealthiest people have several things in common, but one of the most prominent is that the 10 richest have more than $100 billion to their name. The very top have more than $200 billion. These amounts don’t consist of cash sitting in a bank but are mainly investments, often of some of the largest publicly traded companies, which ...Read more

Andrew Kuhn/Merced Sun-Star/Merced Sun-Star/TNS

California agriculture faces significant losses as avian flu outbreak spreads. 'It's a mess'

Business / Business News /

As an outbreak of the avian flu continues to wreak havoc on California agriculture, the number of infected animals and workers is stacking up.

As of Friday, state agriculture officials confirmed 294 dairies — representing a little more than 25% of the state’s 1,100 dairies — are now under quarantine due to the H5N1 avian flu.

On the ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing lays off more than 2,000 Washington workers

Business / Business News /

Boeing has laid off 2,199 workers in Washington, according to a notice filed Monday with the state’s Employment Security Department.

The cuts are part of a companywide effort to reduce Boeing’s workforce by 10%, or 17,000 workers. Managers began scheduling meetings and delivering pink slips over three days last week, starting on Wednesday. ...Read more

Joe Raedle/Getty Images North America/TNS

Liam Denning: Musk is short-circuiting the EV revolution he sparked

Business / Business News /

There’s a crazy idea going around, fueled by one Elon Musk, that Tesla Inc., an electric vehicle maker, would be unscathed if Republicans ditch the federal EV tax credit.

There is a certain superficial logic at work. Tesla is a profitable EV maker years ahead of the competition in designing and selling vehicles powered by batteries. Old ...Read more

Lawrence Livermore supercomputer is crowned world's speediest

Business / Business News /

The Bay Area has just won a coveted crown in computing, with a massive new machine at Lawrence Livermore National Laboratory deemed the most powerful system in the world.

Meet El Capitan, which churns through data at 1.742 quintillion calculations per second — think 1.7 followed by 18 zeroes — to simulate the testing needed to evaluate the ...Read more

Andrei Dodonov/Dreamstime/TNS

Top 9 benefits of 529 education savings plans

Business / Business News /

A 529 plan gives consumers a tax-advantaged way to pay for education, and that’s a boon for parents and other family members who want to save for a child’s schooling. A 529 plan offers several other benefits, including the ability to invest with potentially high-return assets such as stock funds, instead of being limited to low-return bank ...Read more

Ricardo Ramirez Buxeda/Orlando Sentinel/TNS

Spirit Air files bankruptcy, bondholders set to take control

Business / Business News /

Spirit Airlines Inc. filed for bankruptcy on Monday with a plan to hand over control to bondholders after failing to agree on a merger with rivals.

The airline sought Chapter 11 protection in New York to restructure $1.6 billion of debt, according to court filings. It said will continue to operate normally throughout the bankruptcy process, ...Read more

Mike Siegel/Seattle Times/TNS

David Nicklaus: Analyst sees Boeing recovery taking 10 years

Business / Business News /

Boeing was flying high in mid-2018 with record plane deliveries, record revenue and a record-high stock price.

Then came two fatal crashes of its 737 Max aircraft, followed by a global pandemic. Years of regulatory scrutiny and snarled supply chains ensued, coming at the same time Boeing’s defense unit was losing money because it bid too ...Read more

Angela Weiss/AFP/Getty Images North America/TNS

Trump built his brand on real estate. How does the industry view his win?

Business / Business News /

Many in the real estate industry look back fondly on Donald Trump’s first administration, including big corporate tax cuts and a developer-friendly tax incentive to induce investment in low-income areas.

Trump’s second presidency could see a renewal of his signature tax cuts. He’s pledged to reduce regulations, and the billionaire real ...Read more

Karl Mondon/Bay Area News Group/TNS

Trump team is seeking to ease US Rules for self-driving cars

Business / Business News /

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.

If new rules enable wider deployment of cars without human controls, it will directly benefit Elon Musk,...Read more

David Carson/St. Louis Post-Dispatch/TNS

Boeing lays off 111 mechanics in St. Louis, union says

Business / Business News /

ST. LOUIS — Aviation giant Boeing Co. laid off more than a hundred workers in the region this week, as the company continues to grapple with serious manufacturing problems on marquee planes, costly labor strife and deep financial woes.

Boeing notified 111 mechanics of the layoffs on Thursday, according to DeLane Adams, a spokesman for the ...Read more

Gina Ferazzi/Los Angeles Times/TNS

Ports of Los Angeles and Long Beach set new cargo records

Business / Business News /

Cargo traffic at the ports of Los Angeles and Long Beach is at record highs.

The two busiest ports in the U.S., which process about a third of all U.S. cargo containers arriving in the U.S., have seen increased activity after a labor dispute shut down major ports on the East and Gulf coasts for three days in October, recently released figures ...Read more

Jessica Griffin/The Philadelphia Inquirer/TNS

Philadelphia port authority says it's cooperating with federal regulator's probe into waterfront competition

Business / Business News /

The state agency that owns Philadelphia’s seaport facilities says it’s assisting a federal regulator’s investigation into allegations that one of the port’s terminal operators is abusing its market power.

Investigators with the Federal Maritime Commission have been looking into concerns raised by Philadelphia trucking firm Tri State ...Read more

Stephen M. Katz/The Virginian-Pilot/TNS

ILA dockworker negotiations stall, raising chance of a January strike at East Coast ports

Business / Business News /

Negotiations between the International Longshoremen’s Association and port operators stalled this week, making it possible that East Coast dockworkers walk off the job again in January.

The U.S. Maritime Alliance, which represents port operators and shipping companies and the union representing about 2,400 workers in Baltimore’s port left ...Read more

Dimitrios Kambouris/Getty Images North America/TNS

Brad Pitt, Angelina Jolie winery dispute heading to trial

Business / Business News /

Brad Pitt will reportedly be bringing his claims against Angelina Jolie to court after the exes’ ongoing battle over their French winery was given the green light to head to trial.

A Los Angeles Super Court judge ruled in favor of the Château Miraval case moving to trial, upholding Pitt’s claims of interference regarding shares in the ...Read more

Miguel Martinez/The Atlanta Journal-Constitution/TNS

Plan to add a new board member signals a truce for now at Norfolk Southern

Business / Business News /

The past nine months, a battle for control of Atlanta-based Norfolk Southern raged in executive suites, letters to shareholders and filings with the Securities and Exchange Commission.

An activist investor, Ancora Holdings Group, wanted new top executives and control of the board. Ancora succeeded in gaining some board seats, but didn’t gain ...Read more

Alain Jocard/AFP/Getty Images North America/TNS

Elon Musk's X sues to block California law that aims to combat election deepfakes

Business / Business News /

X, the social media app owned by Elon Musk, has sued California in an attempt to block a new law requiring large online platforms to remove or label deceptive election content.

The lawsuit, filed in federal court this week, targets a law that aims to combat harmful videos, images and audio that have been altered or created with artificial ...Read more

Image Of Sport/Image of Sports/Newscom via ZUMA/TNS

GM to lay off roughly 1,000 people globally with majority working out of its Global Technical Center

Business / Business News /

General Motors Co. on Friday laid off roughly 1,000 people globally with a majority working out of the automaker's Global Technical Center in Warren, according to a person familiar with the matter.

The layoffs, which were done as part of a reorganizing effort, affect both salary and hourly GM employees and impact multiple departments.

The ...Read more