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Beth LeBlanc/The Detroit News/TNS

Maryland Dems push bill to raise minimum wage to $20; Republicans say it's 'dead on arrival'

Business / Business News /

State Democratic lawmakers are pushing a bill that would allow Maryland voters to raise the minimum wage from $15 to $20 — including for workers in the service industry — but it’s receiving a thumbs down from Republicans

“The minimum wage in Maryland is not enough to meet the cost of living,” Del. Adrian Boafo of Prince George’s ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Disney CEO Bob Iger's pay package for 2024 jumps to $41 million

Business / Business News /

Walt Disney Co. Chief Executive Bob Iger received a $41.1-million pay package last year, according to a filing Thursday with the U.S. Securities and Exchange Commission.

That figure is about 30% higher than his 2023 compensation, which totaled $31.6 million. Iger's pay was a mix of cash bonus, stocks and options, with a base salaryof $1 million...Read more

Jay L. Clendenin/Los Angeles Times/TNS

Some price-gouging rules could be keeping high-end homes off LA's rental market

Business / Business News /

In Los Angeles’ high-end rental market, it’s long been common to find homes advertised for $10,000 a month or more.

But in the wake of this month’s devastating wildfires in Pacific Palisades and Altadena, new listings above that amount are effectively barred by state law, just as a crush of wealthy, displaced families are looking for ...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Virgin Hotels Las Vegas reaches deal with union ending strike

Business / Business News /

After nearly 10 weeks on strike, workers at the off-Strip Virgin hotel-casino have a new contract.

Culinary Local 226 and Bartenders Local 165 have agreed to terms with Virgin Hotels Las Vegas, the two sides announced Wednesday. A five-year contract was ratified “by a vote of 100 (percent),” according to a Culinary 226 social media post.

�...Read more

Miguel Martinez/The Atlanta Journal-Constitution/TNS

CNN hit with significant layoffs as network sets a plan for a digital future

Business / Business News /

CNN is cutting 6% of its workforce as the news organization tries to reinvent itself for TV's digital future.

Facing an exodus of viewers and a systemic decline in pay TV subscriptions, the Warner Bros. Discovery-owned news channel said Thursday it will cut 200 employees from the TV side of the business while investing in the digital operation....Read more

Dimitrios Kambouris/Getty Images North America/TNS

CNN to cut traditional TV staff but Atlanta operations will likely benefit

Business / Business News /

CNN announced Thursday it will cut about 200 jobs from its traditional TV operations and create a comparable number of new digital roles such as data scientists and product engineers as well as different types of journalists.

The planned cuts and growth on the digital side of the business come as the cable giant is charting a course for growth ...Read more

Evan Ramstad/Minnesota Star Tribune/TNS

Insider named as new CEO for UnitedHealthcare insurance business

Business / Business News /

UnitedHealth Group has named long-time executive Tim Noel as the new chief executive for its massive UnitedHealthcare health insurance business.

The announcement Thursday came a little more than seven weeks after the Dec. 4 murder of Brian Thompson, the UnitedHealthcare CEO who was killed in a fatal ambush on a New York City sidewalk.

In 2007,...Read more

Katy Kildee/The Detroit News/TNS

EV charging, green initiatives face uncertain funding in Michigan since Trump order

Business / Business News /

Tens of millions of dollars promised to Detroit, Grand Rapids and the Michigan Department of Transportation for electric vehicle charging programs are among the federal grants in peril since President Donald Trump ordered agencies to "immediately pause" payments stemming from two laws passed during his predecessor's term.

Trump on Monday issued...Read more

Justin Sullivan/Getty Images North America/TNS

US jobless claims rise slightly but recurring applications surge

Business / Business News /

The number of Americans on benefit rolls climbed to a more than three-year high, while first-time applications for U.S. unemployment insurance edged slightly higher.

Continuing claims, a proxy for people who are already receiving benefits and still can’t find a job, jumped to 1.9 million in the week ended Jan. 11, the highest since November ...Read more

Richard Tribou/Orlando Sentinel/TNS

Plans for a new ship in the works for Celebrity Cruises

Business / Business News /

The Edge-class party won’t be done with the debut of Celebrity Xcel later this year as a sixth ship in the popular class was just ordered by Celebrity Cruises’ parent company Royal Caribbean Group.

The agreement contingent on financing was announced Tuesday with French shipyard Chantiers de l’Atlantique, calling for a sister vessel to be ...Read more

Genaro Molina/Los Angeles Times/TNS

'Erewhon 2.0' is coming with three new locations opening in 2025

Business / Business News /

Erewhon, the luxury supermarket chain that turned grocery shopping into a hyper-trendy Los Angeles lifestyle, is ramping up its pace of expansion.

The company will move into three new cities in 2025: Manhattan Beach, West Hollywood and Glendale.

It's the most store openings in a single year since owners Tony and Josephine Antoci bought Erewhon...Read more

Glen Stubbe/Minnesota Star Tribune/TNS

Farmers brace for new Trump tariffs

Business / Business News /

DILWORTH, Minnesota – Glen Hjelle’s farm outside Elbow Lake in western Minnesota sits a long way from the White House.

But as a young man, he remembers how then-President Jimmy Carter’s embargo of the Soviet Union rattled wheat markets like nothing he’d see for the coming decades.

That is, until the presidency of Donald Trump.

“I’...Read more

Miguel Martinez/The Atlanta Journal-Constitution/TNS

CNN hit with significant layoffs as network sets a plan for a digital future

Business / Business News /

CNN is cutting 6% of its workforce as the news organization tries to reinvent itself for TV's digital future.

Facing an exodus of viewers and a systemic decline in pay TV subscriptions, the Warner Bros. Discovery-owned news channel said Thursday it will cut 200 employees from the TV side of the business while investing in the digital operation....Read more

Michael Blackshire/Los Angeles Times/TNS

With Los Angeles in need of housing, downtown's empty office towers have appeal

Business / Business News /

The shimmering office towers of the downtown Los Angeles skyline conceal a hard truth — much of the space is empty.

In the years since the pandemic, which upended workplace norms and evaporated demand for office space, landlords downtown have watched in frustration as the value of their office buildings has plummeted. More than a few have ...Read more

Real estate Q&A: What should renter do with unwanted stuff in partially furnished condo?

Business / Business News /

Q: My son is leasing a small condo. The lease includes “a sofa, TV, TV stand, table, 2 chairs, bed and mattress”. He did not want the mattress, and the owner’s brother removed it, leaving the used bedding behind. A few unwanted small appliances, pans, and dishes were left in the kitchen cabinets. The condo is small, and my son needs the ...Read more

Dreamstime/Dreamstime/TNS

Should you buy a home in South Florida in 2025? Experts see a promising year ahead

Business / Business News /

Buying a home in South Florida this year is likely to be easier to navigate than last year, real estate experts say.

Realtors are offering insights on why the market may be more appealing to many buyers in 2025.

“Last year, a lot of people were afraid to do things,” said Kay Conageski, a Realtor with the Keyes Company, a real estate ...Read more

San Diego on track for its slowest-ever home sales year

Business / Business News /

San Diego County was on track for its lowest-ever home sale year as mortgage rates and prices stayed high to end the year.

Through November, CoreLogic data shows 25,998 home sales. At that sales pace and with interest rates near 7% at the end of December, 2024 could take the crown for slowest year from 2023, which recorded 26,906 sales, data ...Read more

Aaron Flaum/Hartford Courant/Hartford Courant/TNS

Airbnb listings put squeeze on rental availability in CT. Here's what experts say drives the 2025 market

Business / Business News /

As Greater Hartford faces an incredible demand for affordable housing and long-term rentals, the high number of listings on Airbnb shows plenty of open properties or rentals available.

But according to experts, those Airbnb properties are contributing to the declining supply of long-term rentals.

A consumer affairs study from last year marked ...Read more

Detroit's mostly empty Renaissance Center tower heads to auction

Business / Business News /

DETROIT — One of the two shorter office towers that are part of the Renaissance Center complex is heading to auction in March.

The 600 Tower is set to be auctioned online March 17-19, with a starting bid of $2.75 million, according to a listing on Ten-X.com.

"We wanted to market this to the widest possible pool of potential buyers and we ...Read more

General Mills/TNS

'Soup drops' are General Mills' latest strategy to revive waning Progresso

Business / Business News /

Jimmy Fallon was less than eager to try Progresso’s chicken noodle soup-flavored hard candies, or “soup drops,” which General Mills released earlier this month.

“I tried it,” “The Tonight Show” host said last week, “and it sucks.”

Pun intended or not, that seems to be the point of this publicity stunt: attention, at any cost,...Read more