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Dreamstime/Dreamstime/TNS

Kathryn Anne Edwards: Private equity will trigger a child care crisis

Business / Business News /

Making predictions can be an exercise in futility but here goes anyway: The U.S. will experience a child care crisis within the next 10 years. The trigger will be the collapse of a large, debt-laden, for-profit provider of child care. At the prospect of seeing thousands of locations suddenly shuttered, jeopardizing the many families who rely on ...Read more

Sebastian Czapnik/Dreamstime/TNS

US says it's weighing Google breakup as monopoly case remedy

Business / Business News /

The U.S. Justice Department told a federal judge it is considering recommending that Google be forced to sell off parts of its operations to alleviate the harm caused by its monopolization of the online search market, in what would be a historic antitrust breakup.

In a court filing Tuesday, antitrust enforcers said Judge Amit Mehta could also ...Read more

Dreamstime/Dreamstime/TNS

GM hints at cheaper electric pickup boasting 350-mile range

Business / Business News /

General Motors Co. hinted that it’s developing a lower-cost electric pickup truck that could boast a 350-mile range.

The Detroit-based automaker is working to secure a supply of lithium iron phosphate batteries in North America, said Kurt Kelty, GM’s vice president in charge of battery strategy. Chinese automakers often use LFP batteries ...Read more

Stephen Brashear/Getty Images North America/TNS

Boeing at risk of junk rating with S&P amid strike

Business / Business News /

S&P Global Ratings is looking at downgrading Boeing Co.’s credit grades to junk, citing the planemaker’s growing cash needs as it suffers from a protracted strike by machinists.

The credit grader estimated that Boeing will burn through about $10 billion of cash in 2024. The company is likely to need additional funding to meet its day-to-...Read more

Justin Sullivan/Getty Images North America/TNS

X cleared to return in Brazil after Musk bows to judge's demands

Business / Business News /

Brazil’s Supreme Court authorized the return of X after Elon Musk complied with its demands, including taking down some user accounts and appointing a legal representative for the platform in the country.

The company has met “all the requirements necessary for the immediate return of activities” in Brazil, Supreme Court Justice Alexandre ...Read more

TOM GRALISH/The Philadelphia Inquirer/TNS

American Water has paused billing for customers amid a cyberattack investigation

Business / Business News /

American Water customers are getting a temporary reprieve from water bills as the Camden, New Jersey-based utility investigates a “cybersecurity incident.”

The issue was discovered on Thursday, according to a statement from the company, and the nature and scope of the incident — including what, if any, data may have been compromised — ...Read more

Justin Sullivan/Getty Images North America/TNS

Panera resolves wrongful death lawsuit over 'charged lemonade'

Business / Business News /

Panera has reached a settlement in one of two wrongful-death lawsuits over the chain’s caffeinated lemonade.

Sarah Katz’s family filed a wrongful-death lawsuit last October. Katz, a 21-year-old University of Pennsylvania student with a heart condition, died in 2022 after drinking Panera’s “charged lemonade.”

Panera, headquartered in ...Read more

Anthony Souffle/Minnesota Star Tribune/TNS

3M pledges big emissions cuts by 2030, including in its supply chain

Business / Business News /

By the end of the decade, 3M says it will stop emitting millions of tons of greenhouse gases, including those outside the company’s control.

For the first time, the Minnesota-based manufacturer has set a target to reduce what are called Scope 3 emissions, which are those greenhouse gases produced by its supply chain and include the ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing deliveries lag amid ongoing Machinists strike

Business / Business News /

Boeing delivered fewer airplanes in September compared with recent months and past years, as it felt the first effects of the ongoing Machinists strike.

The aerospace manufacturer said Tuesday it delivered 33 planes in September, down from 40 in August, 43 in July and 44 in June.

The 33 deliveries are slightly more than in the same month last ...Read more

Stephen Brashear/Getty Images North America/TNS

Microsoft hasn't chased Amazon back to the office. It's even cutting back on office space

Business / Business News /

The largest employer in Seattle's eastern suburbs won’t follow Amazon back to the office.

Last month, Amazon updated its return-to-office mandate by telling employees it expects them to work in person all five days of the workweek starting in January.

Its tech peer Microsoft took an opposite stance last week. Scott Guthrie, executive vice ...Read more

Jason Redmond/Getty Images of North America/TNS

California Boeing workers file whistleblower lawsuits alleging retaliation

Business / Business News /

Late last year, Boeing employee Craig Garriott says a 4-ton satellite inside an El Segundo, California, plant fell after engineers failed to properly secure a clamp.

No one was injured by the collapse of the $1 billion-plus satellite that happened over a weekend, but it could have been fatal if workers were present, Garriott claims.

The ...Read more

General Motors/TNS/TNS

Chevy reveals Silverado EV pricing for model year 2025

Business / Business News /

Chevrolet is increasing the trim offerings of its all-electric Silverado for model year 2025, including an entry-level $57,095 truck for fleet and retail customers coming later in the model year.

General Motors Co.'s bowtie brand will also offer on the retail side a $75,195 extended-range Silverado EV LT trim for the first time and an $89,395 ...Read more

Aaron Flaum/Hartford Courant/TNS

Can disabled adults get jobs in CT? Often not and here's why

Business / Business News /

October is National Disability Employment Awareness Month, and in Connecticut, Gov. Ned Lamont’s Administration marked the occasion with a proclamation and press release celebrating individuals with disabilities and urging them to apply to thousands of open jobs in the state.

Disability rights advocates and allies welcomed the governor’s ...Read more

Daniel Kim/The Seattle Times/TNS

Amazon will face FTC antitrust allegations in court, judge rules

Business / Business News /

Nearly all of the Federal Trade Commission’s antitrust lawsuit against Amazon will move forward, according to newly unsealed court records.

Federal district judge John Chun ruled that the central tenets of the FTC’s sprawling lawsuit — that Amazon allegedly engaged in unfair methods of competition and maintained a monopoly — could go to...Read more

Meri Simon/Bay Area News Group/TNS

H-1B visa: Company supplying thousands of tech workers to Silicon Valley discriminated against non-Indians, jury finds

Business / Business News /

A company that supplies thousands of workers for Silicon Valley’s technology industry and other Bay Area employers intentionally discriminated against non-Indian workers, a jury has found.

The jury verdict against Cognizant, founded in Chennai and now headquartered in New Jersey, came Friday in a class-action lawsuit that revolved around ...Read more

Tomohiro Ohsumi/Getty Images North America/TNS

Google Play must allow rival Android app stores, judge rules

Business / Business News /

Alphabet Inc. must lift restrictions that prevent developers from setting up rival marketplaces that compete with its Google Play Store, a judge ruled, upending the search giant’s dominance in the lucrative Android app market.

A federal judge in San Francisco on Monday handed a big victory to Epic Games Inc. in its long-running antitrust ...Read more

Vincent Alban/Chicago Tribune/TNS

This year's NASCAR Chicago Street Race drew more unique visitors, filled more hotel rooms and generated $128 million in economic impact

Business / Business News /

The second NASCAR Chicago Street Race, held July Fourth weekend, generated $128 million in total economic impact, a 17% increase over the inaugural event, according to a study commissioned by Choose Chicago, the city’s tourism arm.

In an even more dramatic gain, the nationally televised Cup Series race also generated $43.6 million in media ...Read more

Josh Edelson/AFP/Getty Images North America/TNS

Bay Area poll: Silicon Valley is too powerful, has lost its moral compass, majority say

Business / Business News /

Alex Woods once expected the Silicon Valley technology industry and its world-changing innovations to lift up everyone in the Bay Area. Lately, though, as the region’s cost of living has soared, traffic has worsened, and homelessness and blight have spread, the 38-year-old customer-service representative’s views have changed.

“I felt like...Read more

Brian Cassella/Chicago Tribune/TNS

Rivian misstep triggered parts shortage hobbling its EV output

Business / Business News /

When Rivian Automotive Inc.’s shares sunk nearly 9% on Friday, analysts were puzzled as to why the electric-vehicle maker had to so drastically cut its 2024 production targets over yet another supply chain hiccup.

The answer lies in a miscommunication earlier this year between Rivian and its supplier, Atlanta-based Essex Furukawa, which has ...Read more

Shae Hammond/Bay Area News Group/TNS

Some California homesellers are letting buyers who can't get insured pull out of deals

Business / Business News /

To protect themselves from entering into a deal that could come back to bite them, homebuyers are advised to write contingencies into an offer, so they can pull out of a deal or renegotiate the price if an inspection or appraisal surfaces new issues.

But what if a buyer can’t find insurance?

This summer, the California Association of ...Read more