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Nancy Lane/Boston Herald/TNS

Boston Mayor Michelle Wu, city business leaders strike deal on commercial tax hike bill

Business / Business News /

Boston Mayor Michelle Wu and business leaders have reached a compromise that the mayor’s office says will provide a “path forward” for the city’s plan to raise commercial tax rates, by way of a lower shift of the tax burden on to businesses.

Wu announced Wednesday that an agreement had been reached with the heads of the Greater Boston ...Read more

Howard Lipin/The San Diego Union-Tribune/TNS

Disney is doubling its fleet of cruise ships. What that says about the company's strategy

Business / Business News /

When Cal State Fullerton professor Andi Stein set sail on her first Disney Cruise trip to the Bahamas for research more than a decade ago, she was on the fence about the idea. Unsure what it would be like voyaging with so many youngsters, she booked a short four-day journey.

By the time she came back, Stein was hooked. She booked another Disney...Read more

Dreamstime/Dreamstime/TNS

Coca-Cola says revenues dipped in Q3, but outlook good. Here's what to know

Business / Business News /

Coca-Cola on Wednesday reported a dip in overall revenues in the third quarter, but a solid rise in “organic” sales, that is, operations that can be compared to a year ago.

The Atlanta-based beverage giant reported sales of $11.95 billion for the three months ending Sept. 27, a decline of 1% from the same period a year ago, while its ...Read more

Joe Burbank/Orlando Sentinel/TNS

Port Canaveral reports record 7.6 million passengers for fiscal year

Business / Business News /

The cruise business is booming at Port Canaveral with nearly 7.6 million passenger movements recorded in the fiscal year.

From October 2023 through September 2024, the Orlando-area port had 911 ship calls, only five more than it saw in fiscal 2023, but because of bigger ships sailing at more than 100% capacity, the cruise side of the year’s ...Read more

McAfee/TNS

To keep deepfakes from infiltrating its site, Yahoo News enlists help from McAfee

Business / Business News /

The 2024 U.S. presidential campaign has featured some notable deepfakes — AI-powered impersonations of candidates that sought to mislead voters or demean the candidates being targeted. Thanks to Elon Musk's retweet, one of those deepfakes has been viewed more than 143 million times.

The prospect of unscrupulous campaigns or foreign ...Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing Machinists appear split on offer to end strike as they cast ballots

Business / Business News /

Boeing Machinists will vote Wednesday on whether to accept the latest contract offer and end their month-old strike or to reject it and stay out.

On a day when Boeing has announced another staggering quarterly loss in excess of $6 billion, the planemaker’s financial fate and potential layoffs across the aerospace industry hang in the balance....Read more

Jessica Kourkounis/Getty Images North America/TNS

Gopuff tech chief is out after felony charges

Business / Business News /

Sreekant Sreenivasan Kotay, a prominent software executive in Philadelphia, is out as chief technology officer of Gopuff, the Philadelphia-based home-delivery company, following his arraignment last month on felony charges of methamphetamine possession with intent to distribute and cocaine possession, and a domestic-violence misdemeanor.

“...Read more

Ulf Nammert/Dreamstime/TNS

WA residents overwhelmingly support taxes on the wealthy, poll shows

Business / Business News /

Washington residents don’t mind taxing the ultra wealthy, according to a new statewide poll.

State lawmakers introduced Senate Bill 5486 last year, which would create a tailored property tax on financial assets collectively valued over $250 million.

The legislation hasn’t made it past the Senate Ways and Means Committee. Any assets under ...Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing Machinists appear split on offer to end strike as they cast ballots

Business / Business News /

Boeing Machinists will vote Wednesday on whether to accept the latest contract offer and end their month-old strike or to reject it and stay out.

On a day when Boeing has announced another staggering quarterly loss in excess of $6 billion, the planemaker’s financial fate and potential layoffs across the aerospace industry hang in the balance....Read more

Scott Olson/Getty Images North America/TNS

Trump can tap the brakes on the EV revolution, but not stop it

Business / Business News /

Tim Echols is a bona fide a conservative. The Georgia public service commissioner is an ordained evangelical minister, is solidly against abortion and founded a nonprofit to help teens understand the political process and “defend their Christian faith.”

But there’s one place where he’s a little out of step with his political colleagues...Read more

Jonathan Weiss/Dreamstime/TNS

Denny's to close 150 restaurants as restaurant chains continue to struggle

Business / Business News /

The ubiquitous and popular diner chain Denny's will close 150 locations by the end of next year amid declining revenue and changing consumer habits, the company announced Tuesday.

Known for 24/7 service and a wide selection of menu items, the company behind the 71-year-old restaurant reported lower-than-expected earnings for the third quarter ...Read more

WHYY workers get better wages and protections against AI in new contract

Business / Business News /

Workers at WHYY, Philadelphia’s public media organization, have ratified a new three-year contract with improved benefits and wages.

The group of roughly 80 unionized workers is represented by SAG-AFTRA, a union with about 160,000 members in entertainment and media, which includes actors, journalists, editors, puppeteers, and other ...Read more

Clarence Tabb Jr./The Detroit News/TNS

GM's Q3 results outpace expectations, automaker ups yearly guidance for third time

Business / Business News /

On the back of strong internal combustion engine sales and pricing in North America, General Motors Co. beat Wall Street earnings expectations on Tuesday with third-quarter net income of $3.056 billion, down just 0.3% year over year, on revenue of $48.757 billion, up 10.5%.

GM's incentive spend in the quarter as a percentage of the average ...Read more

Dreamstime/Dreamstime/TNS

McDonald's Quarter Pounders linked to E. coli outbreak in Western states

Business / Business News /

The Centers for Disease control is investigating an E. coli outbreak in McDonald’s Quarter Pounder hamburgers sold in 10 states.

At least 49 people have been sickened as of Tuesday, Oct. 22, apparently after eating the quarter-pounders. A map provided by the CDC shows most of the cases are in Colorado, Utah, Wyoming and Nebraska. There have ...Read more

Jamie McCarthy/Getty Images North America/TNS

CVS shows women are hired to do impossible jobs

Business / Business News /

As recently as last year, pharmacy chains were a bright spot for female leaders — one of the few sectors in corporate America where women could make it to the very top. Rosalind Brewer was CEO of Walgreens Boots Alliance Inc. and, at the time of her appointment, the only Black woman leading a Fortune 500 company. Karen Lynch was running CVS ...Read more

David Wood/Dreamstime/TNS

Georgia teachers don't recommend career in education, survey says

Business / Business News /

The latest survey results are in: Many Georgia educators need second jobs, they’re struggling without support staff in schools and most wouldn’t recommend someone go into the profession.

Almost 3,700 educators in 169 of Georgia’s school districts responded to an online survey by the Professional Association of Georgia Educators. The ...Read more

Drew Angerer/Getty Images North America/TNS

US banks brace for open banking era of consumer data sharing

Business / Business News /

U.S. banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products and services.

Under the Consumer Financial Protection Bureau’s open banking measure, consumers will be able to demand, download and transfer their ...Read more

Genaro Molina/Los Angeles Times/TNS

Hollywood veterans get brutally honest about mentoring next generation amid industry turmoil

Business / Business News /

This spring, applicants vying for a spot in the Art Directors Guild’s Production Design Initiative — a program that offers mentorship and on-the-job training to future production designers and art directors — received a troubling email.

The message from the initiative’s leadership team said that, “due to historic and unprecedented ...Read more

Octavian Mihai Lazar/Dreamstime/TNS

Back-to-office orders have become common. Enforcement not so much

Business / Business News /

Since Cynthia Clemons' employer announced last month that she was required to be in the office two days each week, the switch from remote work hasn't been smooth.

The self-described extrovert, who works as an organizer for the nonprofit Abundant Housing LA, said she so far hasn't "gotten into a rhythm of being productive at a desk again."

"I ...Read more

Carlos Gonzalez/The Minnesota Star Tribune/TNS

As Trump threatens mass deportations, some rural areas that back him rely heavily on immigrant labor

Business / Business News /

COCHRANE, Wisconsin — Dozens of calves groaned as Hermenegildo, a young Mexican farmworker, wheeled out a cart with bottles of milk. He attached the bottles to the wood pen of each calf, walking up and down the row as the animals guzzled the milk in minutes. The 600 cows on the dairy farm produce 5,000 gallons a day, which are trucked for ...Read more