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Stifel to acquire European investment bank
ST. LOUIS — Stifel Financial Corp. on Monday announced it will acquire an investment bank focused on European health care and technology companies.
Terms of the deal with Paris-based Bryan, Garnier & Co. was not disclosed, but Stifel said in a release that the acquisition will boost its growth in the health care and technology sectors.
Bryan...Read more
'Shark Tank' investor joins former Dodgers owner in last-ditch effort to buy TikTok
An investor from "Shark Tank" and a former owner of the Dodgers are teaming up to try to save TikTok before a nationwide ban is set to go into effect this month.
Kevin O'Leary, one of the venture capitalist "sharks" from the reality television show, said Monday that he had joined a group known as the People's Bid for TikTok that has been ...Read more
Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian, one of the nation's largest credit bureaus, was sued Tuesday by the Consumer Financial Protection Bureau for allegedly improperly handling consumer disputes, which could lead to lower credit scores — one of a number of punitive actions the agency has taken in the waning days of the Biden administration.
The Costa Mesa-based company ...Read more
Cookware association sues Minnesota over PFAS ban, calling it unconstitutional
A cookware industry group is suing Minnesota in federal court over the state’s sweeping new PFAS ban, arguing the law is unconstitutional and discriminates against out-of-state manufacturers.
“Manufacturers will be forced to either keep their products out of the Minnesota market or treat Minnesota’s regulation as the national standard,”...Read more
Ted Turner recuperating from a bout of pneumonia
Media mogul and philanthropist Ted Turner was recently hospitalized with a mild case of pneumonia.
His spokesperson Phillip Evans, in a statement on Tuesday, said Turner “is recuperating at a rehab facility and expects a full recovery. While he was diagnosed with Lewy Body dementia in 2018 and despite health challenges it presents, Ted ...Read more
Amazon to pay fine, institute safety measures at Colorado warehouses to settle hazardous working condition claims
Amazon will pay $145,000 and institute various safety measures to settle a series of cases — including two in Colorado — brought by the U.S. Department of Labor over hazardous working conditions.
The federal investigation marks the first major multi-site probe brought by the Occupational Safety and Health Administration in more than a ...Read more
Chicago to lock in transit funding before Trump takes office
The Chicago Transit Authority is set to formally lock in needed federal money for the extension of the Red Line before President-elect Donald Trump takes office, paving the way for the long-planned addition through Chicago’s Far South Side to move forward.
A large, nearly $2 billion federal grant, key to moving the $5.3 billion project ...Read more
Ram shows off its freshened heavy-duty trucks -- and a punchy new CEO
DETROIT — Ram on Tuesday unveiled its updated 2025 heavy-duty pickups that offer more powerful and efficient Cummins turbo diesel engines, refreshed front ends and more interior screen space.
But the bigger recent news for the Stellantis NV truck maker is popular former CEO Tim Kuniskis coming out of retirement.
A day after the automaker ...Read more
Toyota invests in Japanese rocket startup as SpaceX races ahead
Toyota Motor Corp. is investing in a Japanese startup that aims to mass produce lightweight rockets and someday vie with big players for a slice of the growing commercial space industry.
Interstellar Technologies Inc. announced Tuesday that Toyota is contributing ¥7 billion ($44 million) through its subsidiary and research unit, Woven by ...Read more
Automakers face affordability challenge in 2025
Affordability will be one of the largest challenges in 2025 for Detroit's automakers after General Motors Co. and Ford Motor Co. posted their best sales year in the United States since 2019, and as Stellantis NV's declines eased somewhat in the final months of the year.
Inventories swelled in 2024 following the end of pandemic-induced vehicle ...Read more
Consumers pay eggs-tra as bird flu affects grocery prices
Judy Simon noticed something strange during her Thursday evening grocery trip in Redmond, Washington. The shelves held no chicken eggs, only a few cartons of quail eggs.
Limited and increasingly expensive egg options for grocery shoppers across the region and the nation are becoming common amid the ongoing avian influenza outbreak. The Consumer...Read more
'Quit messing with the fries.' Chick-fil-A menu changes draw ire online
Atlanta-based Chick-fil-A has been catching a little heat online following a “slight” change to one of its most beloved menu items. The waffle fries have a new recipe, and some social media commenters are letting their thoughts be heard.
Chick-fil-A announced the recipe change online, disclosing the menu favorite has a new ingredient.
“...Read more
Minnesota H-1B workers nearly double in decade as businesses rely on visas more than ever
The number of foreign workers newly employed in Minnesota under the H-1B program has nearly doubled in the past decade, with some of the state’s largest businesses relying on the skilled worker visas more than ever.
They are working as software developers and engineers, experts say, at such organizations as U.S. Bank, UnitedHealth Group’s ...Read more
Nippon Steel's thwarted bid sets up tougher rivalry with Chinese mills
Nippon Steel Corp.’s thwarted bid to expand in the U.S. could mean tougher competition for Chinese mills in an already saturated global market.
Creating an entity to compete more effectively with China, the world’s biggest producer and consumer of steel, was touted as a key rationale behind the Japanese firm’s proposal to purchase United...Read more
United to add Elon Musk's Starlink Wi-Fi to flights this spring
Is reliable Wi-Fi at 30,000 feet on the horizon?
United Airlines announced over the weekend that it will outfit much of its fleet with Wi-Fi provided by Elon Musk's Starlink company and plans to fly its first commercial flight with the service this spring.
The service, which will be offered for free to members of the carrier's loyalty program,...Read more
Republicans look to partially repeal new Missouri minimum wage, sick leave law
JEFFERSON CITY, Missouri — Missouri Republicans are seeking to partially undo the new law voters approved in November to raise the minimum wage and require paid sick leave.
The new law, which nearly 58% of Missouri voters supported in the November election, raised the state minimum wage to $13.75 an hour on Jan. 1.
The minimum will increase ...Read more
Blocked US Steel-Nippon deal raises risks for auto industry
Fears that the U.S. auto industry could face monopolistic pricing and dwindling investment into its preferred steel production are mounting after President Joe Biden on Friday blocked a Japanese company from acquiring U.S. Steel Corp.
Although automakers didn't explicitly endorse Nippon Steel Corp.'s $14.9 billion cash-and-debt deal to acquire ...Read more
Nippon, US steel sue to save merger after Biden blocks it
Nippon Steel Corp. and United States Steel Corp. jointly filed a pair of lawsuits in a last-ditch effort to preserve their planned merger, which was blocked last week by President Joe Biden.
The companies said Monday in a joint statement that they had filed a petition with the federal appeals court in Washington, arguing that the Committee on ...Read more
TikTok ban thrusts Apple, Google into US-China geopolitical fray
TikTok creators are posting videos promoting ways to get around a looming shutdown of the app in the U.S., which could spell trouble for Apple Inc., Alphabet Inc.’s Google and other American tech companies required by law to enforce the ban or risk potentially billions in fines.
With less than two weeks to go before the ban kicks in, many ...Read more
Back to the future: Detroit Auto Show returns to January in a changed industry landscape. What to expect
The Detroit auto circus is back to its January roots — a new show for a new era.
After an epic, media-stuffed, celebrity-encrusted, 30-year run as the world-renowned North American International Auto Show, Motown’s auto-palooza is dropping its international marketing theme and now is simply called the Detroit Auto Show. Its Detroit Autos ...Read more
Popular Stories
- Consumers pay eggs-tra as bird flu affects grocery prices
- Toyota invests in Japanese rocket startup as SpaceX races ahead
- 'Quit messing with the fries.' Chick-fil-A menu changes draw ire online
- Automakers face affordability challenge in 2025
- Republicans look to partially repeal new Missouri minimum wage, sick leave law