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Jennifer Buchanan/The Seattle Times/TNS

Losses piled up for Boeing in 2024

Business / Business News /

How bad was 2024 for Boeing financially?

On Thursday the company announced fourth quarter details showing it lost last year about $11.8 billion, the second heaviest loss in Boeing history.

The data released after the stock market closed Thursday also shows a fourth quarter cash outflow of $3.5 billion, which means Boeing burned through $13.7 ...Read more

Joe Raedle/Getty Images North America/TNS

Costco shareholders reject anti-DEI proposal pushed by activists

Business / Business News /

Costco shareholders overwhelmingly rejected a proposal to probe its diversity, equity and inclusion practices for legal risks.

The Issaquah-based company’s board characterized the proposal from an activist shareholder as a bad-faith effort to undermine its DEI initiatives. The National Center for Public Policy Research, a Washington, D.C.-...Read more

Henry Payne/The Detroit News/TNS

2025 Buick Enclave is a chart-topping redesign

Business / Business News /

Buick has made great strides in recent years, and 2025 is no different. The division of General Motors has made exceptional revisions in the latest refresh of its flagship vehicle, the Enclave. Our 2025 Buick Enclave Sport Touring tester was outstanding, comfortable and nicely equipped. The redesign included an array of nicely chosen upgrades ...Read more

Justin Sullivan/Getty Images North America/TNS

With an executive order, Trump casts doubt on the future of EVs in California

Business / Business News /

Shel Singh has gone all-in on electric vehicles in recent years. The 36-year-old business owner currently drives an electric Porsche. Before that, it was a Tesla.

But with President Trump working aggressively to reverse policies enacted by former President Biden intended to bolster the EV market and phase out gas-powered vehicles, he's starting...Read more

Allen J. Schaben/Los Angeles Times/TNS

Estimated cost of fire damage balloons to more than $250 billion

Business / Business News /

As raging wildfires continue to torment Southern California, estimates of the total economic loss have ballooned to more than $250 billion, making it one of the most costly natural disasters in U.S. history.

Early estimates by AccuWeather and JP Morgan put the damage in the $50-billion range, but the expected toll quickly rose to more than ...Read more

Cadillac/Cadillac/TNS

Henry Payne: V-ery fast: Cadillac Lyriq-V is quickest V-Series yet

Business / Business News /

Cadillac is putting the V in EV.

General Motors Co.'s luxury brand is rolling out the first performance V-Series model in its electric lineup with the midsize, 2026 Cadillac Lyriq-V. Like its gasoline predecessors, the CT5-V and CT4-V sedans and Escalade-V SUV, the Lyriq-V will bring higher horsepower and a higher sticker price to the Lyriq.

A...Read more

Henry Payne/The Detroit News/TNS

Auto review: VW Taos upgrades looks, vroom to match its room

Business / Business News /

SAN ANTONIO, Texas — I’d like to start my review of the 2025 Volkswagen Taos subcompact SUV from the backseat.

It’s terrific. I can easily sit behind myself. I’m 6’5” and my knees don’t even touch the seatback in front of me. I can cross my legs, and my giraffe neck isn’t stuffed into the roof. In fact, I have plenty of headroom...Read more

JAMES LIPMAN/NISSAN/TNS

Auto review: Redesigned Nissan Murano is a pleasure to behold but not a thrill to drive

Business / Business News /

It’s been a decade since the Nissan Murano was last redesigned, an eternity in the car business. As Nissan executives have been busy purging its top ranks of outside influence, be it foreign-born CEO Carlos Ghosn or overseas investors such as Renault, they have taken their eye off of what really matters: creating great vehicles.

Exhibit A: ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Rents rise as refugees from the fires squeeze into LA's tight housing market

Business / Business News /

When the flames destroyed Ria Cousineau’s Altadena house and damaged the home of her partner, Emily Allen, a horrific situation gave way to what felt like an impossible task.

In an effort to find a semi-permanent home while they rebuild, Cousineau estimated the couple toured about 10 houses over four or five days, with one house seeing at ...Read more

Jason Armond/Los Angeles Times/TNS

LA fires have added another concern for potential EV buyers: Power outages

Business / Business News /

You’ve plugged your electric vehicle into your home charger and hit the sack. Overnight, high winds topple a power line. Your charger blacks out. Then, a report of a fire, followed by an evacuation order. Your battery’s only charged to 25%. And it’s your only car.

Such are the fears some California car buyers are expressing amid the fires...Read more

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