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Trump's tariffs seen delivering a repeat blow to US farm exports

Business / Business News /

President-elect Donald Trump’s pledge to levy hefty tariffs on imports is expected to result in retaliation that hits farmers hard, repeating events of his first term, when Washington spent tens of billions of dollars to ease the pain on the agriculture sector.

Trump has proposed a blanket 10% to 20% tariff on all goods imports, a 60% or ...Read more

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What to know about Elon Musk's contracts with the federal government

Business / Business News /

Elon Musk is easily the world’s wealthiest man, with a net worth topping $300 billion.

But even he stands to make more money from his association with the federal government after placing a winning bet on Donald Trump’s election to the presidency.

“It’s going to be a golden era for Musk with Trump in the White House,” Wedbush ...Read more

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'Deadpool & Wolverine' and 'Inside Out 2' propel Disney studio earnings

Business / Business News /

LOS ANGELES — Superheroes and animation packed a punch for Walt Disney Co. as "Deadpool & Wolverine" and "Inside Out 2" propelled the company's film studio to one of its best fiscal quarters.

The Burbank media giant reported Thursday that its entertainment business took in $10.8 billion in revenue during its fiscal fourth quarter, an increase...Read more

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Maserati overhauls leadership as Stellantis seeks sales turnaround for luxury brand

Business / Business News /

Stellantis NV's luxury brand Maserati has made several major leadership changes in recent weeks amid plummeting sales this year.

Last month, Stellantis named Santo Ficili as the new CEO for the upscale Italian brand, replacing Davide Grasso. Ficili, who previously oversaw the overall Italian market for Stellantis, also now leads the automaker's...Read more

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Shareholder files proposed class-action suit against Chipotle over skimpy-portion flap

Business / Business News /

A Chipotle shareholder is suing the company over a skimpy-portions uproar that allegedly ruined their investment.

Revelations of Chipotle’s inconsistent portion sizes that rocked social media in July and August sparked a “precipitous decline” in the fast food chain’s stock, causing “significant losses and damages,” according to a ...Read more

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Ford agrees to pay second-largest civil penalty in NHTSA history

Business / Business News /

Ford Motor Co. will pay the second-largest civil penalty in the National Highway Traffic Safety Administration's history after the Dearborn automaker failed to comply with federal recall requirements, according to a new release from the agency.

The three-year consent order agreed to by Ford and the NHTSA includes a civil penalty of up to $165 ...Read more

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Second Trump presidency raises big questions for health care

Business / Business News /

Donald J. Trump’s second presidency may significantly alter health care and public health in Minnesota, especially if Robert F. Kennedy Jr. gets the opportunity to bring his vaccine skepticism to federal agencies such as the Centers for Disease Control and Prevention.

Trump’s pledge to let Kennedy “go wild” on those agencies drew ...Read more

Karen Ducey/The Seattle Times/TNS

Seattle-area homebuyers, trying to go agent-free, face hurdles

Business / Business News /

Ballard, Washington, renters Anurag Kamasamudram and Mayuri Gupta started their home search casually this fall. They hoped to get a feel for the market, “window shopping” before they hired an agent and started searching more seriously in the spring.

But the couple quickly ran into problems. Agents representing home sellers seemed hesitant ...Read more

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'It's a tremendous opportunity.' Closure of Phillips 66 refinery in LA County has developers salivating

Business / Business News /

The South Bay region of Los Angeles County is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate.

Potential replacements for the century-old refinery complex covering 650 acres include housing and last-mile ...Read more

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One-third of Philadelphia-area rentals offered free rent or other perks in October

Business / Business News /

Folks who are looking to rent a home now have more negotiating power, especially heading into the end of the year.

The rental market is typically slower in the fall, but it has slowed beyond what’s expected. An influx of new apartments in Philadelphia and across the country has controlled rent increases and forced landlords to work harder to ...Read more

Real estate Q&A: Do I need my ex's signature to sell house I kept in divorce?

Business / Business News /

Q: When I divorced my first husband more than a decade ago, we agreed that I would keep the house. Now, I want to sell it, and I am being told that he must also sign the deed. The problem is that I have not spoken with him in years and have no idea how to get in touch. What can I do? — Janet

A: There is a distinction between agreeing to do ...Read more

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Spotify woos video and podcast creators with new tools to better compete with YouTube

Business / Business News /

LOS ANGELES — Swedish streaming audio giant Spotify is courting more video creators, podcasters and influencers in an effort to step up its competition with popular digital platforms such as YouTube, Instagram and TikTok.

The Stockholm-based company on Wednesday hosted creators at its office in Downtown L.A.'s Arts District, where executives ...Read more

Recombinetics, which engineered hornless dairy bulls, files for bankruptcy

Business / Business News /

Recombinetics, whose hornless dairy bulls garnered national attention for the Eagan-based gene-editing company, has filed for Chapter 11 bankruptcy after it faced a net loss of more than $2.6 million between January and August.

The company said it faces $7.7 million in total liabilities as of Aug. 31 in a petition filed Monday with in U.S. ...Read more

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Delta's internal directory information leaked in data breach

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Delta Air Lines acknowledged this week that information from its internal directory was leaked in a data breach of a third party, but said it did not include any sensitive employee information.

The data included “things like names, contact information and office location,” but no sensitive personal data, according to the Atlanta-based ...Read more

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Art Institute names tech billionaire, Groupon co-founder Eric Lefkofsky as board chairman

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The Art Institute of Chicago has named tech billionaire and Groupon co-founder Eric Lefkofsky as its new board chairman, putting the serial entrepreneur in charge of overseeing the museum, the school and an ambitious plan to usher in an era of new development at the historic South Michigan Avenue campus.

Lefkofsky, 55, who joined the Art ...Read more

Hollywood intimacy coordinators unanimously vote to unionize under SAG-AFTRA

Business / Business News /

Intimacy coordinators have unanimously elected to unionize under the Screen Actors Guild-American Federation of Television and Radio Artists.

Members of the bargaining unit voted 100% in favor of unionization in an official election overseen by the National Labor Relations board, the union announced Tuesday.

Intimacy coordinators are the ...Read more

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Amazon labor ruling outlaws mandatory anti-union meetings

Business / Business News /

Mandatory “captive audience” meetings in which companies argue against unionization are illegal, the National Labor Relations Board ruled in a case involving Amazon.com Inc., prohibiting one of employers’ most potent weapons against labor organizing campaigns.

Requiring workers to attend anti-union gatherings violates federal labor law ...Read more

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Michael Hiltzik: OpenAI just scored a huge victory in a copyright case ... or did it?

Business / Business News /

The snap judgment among legal experts was that a federal judge's dismissal on Nov. 7 of a copyright infringement lawsuit against OpenAI, the leader in advanced chatbots, will short-circuit an ever-growing effort by artists and writers to keep AI firms from stealing their content.

There's no question that the ruling handed down Thursday by Judge...Read more

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Meta must face trial after judge pares some FTC claims

Business / Business News /

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the U.S. Federal Trade Commission, but the heart of the case remains.

In a brief order on Wednesday, U.S. District Judge James Boasberg in Washington said he was narrowing one ...Read more

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Amazon aims at Temu with low-priced storefront called Haul

Business / Business News /

Amazon.com Inc. has launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.

Amazon describes Haul, which is available in a beta version for shoppers who use the company’s smartphone app or mobile browsers, as an “...Read more