Business
/ArcaMax
Boeing Machinists reject offer with no end in sight for 5-week strike
SEATTLE — Boeing Machinists have rejected a contract offer meant to end the five-week strike, with 64% voting against the proposal.
Boeing’s unionized Machinists walked out on Sept. 13, with 96% of members voting to authorize a strike. The work stoppage has taken a toll on the company and on workers, who are living without paychecks or ...Read more
Intel eyes another 500 Bay Area job cuts as tech titan's layoffs widen
SANTA CLARA, California — Intel plans to chop another 500 jobs in the Bay Area in a fresh round of staffing reductions that reveal the local impact of the massive worldwide cutbacks that the tech titan has orchestrated.
The company has decided to eliminate 516 jobs in Santa Clara, Intel reported via an official WARN letter that the company ...Read more
Disney World raises prices on annual passes
Walt Disney World has raised prices on all four levels of its annual passes, including the top tier Incredi-Pass, which now sells for more than $1,500, according to the resort’s website.
The increases range between $30 and $100, usually a hike of about 7%. Annual pass pricing as it now stands:
—The Disney Incredi-Pass, which has no ...Read more
Where do Boeing's Starliner, other space efforts fit as company tries to reinvent itself?
New Boeing CEO Kelly Ortberg said he’s looking at the beleaguered company’s portfolio and everything outside of its core businesses of commercial aircraft and defense could face uncertain futures.
“I think that that we’re better off being doing less and doing it better than doing more and not doing it well,” he said during the company...Read more
Stellantis will soon test solid-state batteries in Dodge Charger EVs
Stellantis NV said Wednesday it plans to launch a demonstration fleet of Dodge Charger Daytona electric muscle cars in 2026 that will be equipped with solid-state batteries — an emerging technology that some view as the future of EVs.
Stellantis is working with its partner Factorial Inc. on the solid-state battery project, a Massachusetts ...Read more
Boston Mayor Michelle Wu, city business leaders strike deal on commercial tax hike bill
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
Disney is doubling its fleet of cruise ships. What that says about the company's strategy
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
Coca-Cola says revenues dipped in Q3, but outlook good. Here's what to know
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
Port Canaveral reports record 7.6 million passengers for fiscal year
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
To keep deepfakes from infiltrating its site, Yahoo News enlists help from McAfee
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
Boeing Machinists appear split on offer to end strike as they cast ballots
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
Gopuff tech chief is out after felony charges
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
WA residents overwhelmingly support taxes on the wealthy, poll shows
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
Boeing Machinists appear split on offer to end strike as they cast ballots
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
Trump can tap the brakes on the EV revolution, but not stop it
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
Denny's to close 150 restaurants as restaurant chains continue to struggle
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
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
GM's Q3 results outpace expectations, automaker ups yearly guidance for third time
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
McDonald's Quarter Pounders linked to E. coli outbreak in Western states
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
CVS shows women are hired to do impossible jobs
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
Popular Stories
- Gopuff tech chief is out after felony charges
- Commentary: US business leaders want Harris' stability not Trump's chaos
- WA residents overwhelmingly support taxes on the wealthy, poll shows
- Trump can tap the brakes on the EV revolution, but not stop it
- Boeing Machinists appear split on offer to end strike as they cast ballots