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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

Steven M. Falk/The Philadelphia Inquirer/TNS

EV tax credit death could be first effect of Trump-Musk 'bromance'

Business / Business News /

Tax-reform legislation being planned by President-elect Donald Trump's transition team to revoke an up to $7,500 consumer tax credit for plug-in electric vehicles would do more damage to the Detroit Three's electrification prospects, analysts say, than to a Tesla Inc. led by Trump ally Elon Musk.

Reuters first reported the plans, citing unnamed...Read more

Jim Watson/Peter Klaunzer/Getty Images of North America/TNS

China's asymmetrical tools for new trade war carry global peril

Business / Business News /

China wields new powers as it confronts the prospect of another trade conflict with the U.S., expanding its retaliatory reach in recent years to include tools capable of wreaking havoc on global commerce and finance.

Six years after Donald Trump started the first trade war with China, the U.S. president-elect has named a series of China hawks ...Read more

The Mercury News/Bay Area News Group/TNS

Cruise admits to filing false report to sway federal probe into San Francisco crash

Business / Business News /

SAN FRANCISCO — San Francisco-based autonomous vehicle company Cruise LLC has admitted to filing a false report to sway a federal probe into a crash last year in which a pedestrian was run over and dragged more than 20 feet, according to authorities.

As part of a deferred prosecution agreement, Cruise will also pay a $500,000 fine, the U.S. ...Read more

DREAMSTIME/TNS

DirecTV may pull the plug on purchase of Dish Network

Business / Business News /

DirecTV’s purchase of EchoStar’s subscription television business could collapse unless bondholders agree to accept a discount within the next week. But even if they don’t, EchoStar reassured investors it has raised enough capital to meet upcoming debt payments, allowing it to avoid a bankruptcy filing.

On Sept. 30, DirecTV announced it ...Read more

Ed Jones/Getty Images North America/TNS

Michael Hiltzik: Suing to recover billions, FTX's receiver discloses the stunning scale of its grift -- and stupidity

Business / Business News /

Once the highest-flying of cryptocurrency highfliers, the FTX crypto exchange is now in bankruptcy. Its founder, Sam Bankman-Fried, is in prison, along with a couple of his cronies. Its customers will receive some of their money back, but are still toting up their losses.

You might think that all means an end to the FTX story. You would be ...Read more

David Guralnick/The Detroit News/TNS

EVs aren't going away. Here's how Michigan is preparing its workforce

Business / Business News /

AUBURN HILLS, Michigan — A century after Michigan fueled the American auto industry, state officials are focused on shoring up college curriculums to ensure a workforce is prepared for the evolution of combustion engine vehicles to those powered by batteries.

Though the industry's transition to electric vehicles is expected to meet resistance...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2024 Range Rover Velar gets better and better

Business / Business News /

In the ever-changing automotive market, EVs are being released and updated seemingly on a weekly basis. As manufacturers enter the dog-eat-dog environment, consumers sit home itching to buy something. This week in Grasso's Garage, we consider British luxury manufacturer Jaguar Land Rover's beautifully designed and updated Range Rover Velar. This...Read more

Aaron Lavinsky/Minnesota Star Tribune/TNS

Minnesota health insurers warn of 'dire' premium spikes, lost coverage in 2026

Business / Business News /

Chief executives at Minnesota’s four largest nonprofit health insurers are warning premiums could spike and thousands of residents could lose coverage in 2026 if the state’s congressional delegation doesn’t help save enhanced federal tax credits that subsidize coverage bought through the public MNsure exchange.

The extra federal subsidies...Read more

Ricardo Ramirez Buxeda/Orlando Sentinel/TNS

Season of sales in full swing as retailers like Target aim to woo weary consumers

Business / Business News /

The moment political ads disappeared, retailers overtook the airwaves with their pitch to the masses: Holiday shopping season is here.

And it’s a frenzy for retailers. Santas made their debut at malls this week. Target shelves are full of “Wicked”-themed merchandise in anticipation of the movie opening this week. And discounts that ...Read more

Henry Payne/The Detroit News/TNS

Unveiled: Three-row, $78K Vistiq completes Cadillac's ambitious EV lineup

Business / Business News /

STERLING HEIGHTS, Michigan — Behold the transformed Cadillac.

With the 2026 Vistiq three-row SUV completing Caddy's five-model EV lineup, GM’s luxury brand has gone back to the future. The transformation is not only one of the most complete in the industry but places its models at the forefront of what Cadillac hopes will be an electric ...Read more

Acura/Acura/TNS

Revealed: Sporty, entry-level Acura ADX SUV goes head-to-head with BMW X1, Lexus NX

Business / Business News /

Acura has jumped into the affordable, compact luxury SUV segment with the sporty ADX.

The long-awaited entry-level SUV from Honda’s luxury brand will be the complement to Acura’s spicy compact Integra hatchback. Think BMW’s X1 and 2-series coupe tag team, or Audi’s Q3 SUV and A3 sedan. In an SUV-dominated age, Acura is the rare ...Read more

Jason Bax/TOYOTA/TNS

Auto review: On and off-road with the downsized Toyota Land Cruiser

Business / Business News /

ANTRIM, Michigan — The dirt track of 10 Pines Ranch here is alive with American Motocross Racing District 14 racing during the summer/fall months. Bike racers young and old show up to show off their physical skills and fitness over the one-mile track’s diabolical mix of high-speed turns, jumps and moguls. Their steeds? A spicy international ...Read more