WARREN, Michigan — In her 11th year as CEO of General Motors Co., Mary Barra's latest test is to ensure that the Detroit automaker's coming electric vehicles reach profitability by getting mainstream consumers to buy them in competitive global markets.

But in the time since GM first declared it would become all-electric, industry regulations ...Read more

It was after midnight last Wednesday in Paris when Catherine Berthet learned U.S. federal prosecutors had made a decision she hoped could deliver justice for her daughter, Camille Geoffroy.

Berthet pinned the blame for her daughter’s death on Boeing, the maker of the 737 Max jet that carried the 28-year-old and 345 other people to their ...Read more

Online pharmaceutical brands Hims & Hers are introducing a weight-loss drug containing a compounded form of semaglutide, the active ingredient in Ozempic, for a fraction of the price.

Both brands, owned by the same company headquartered in San Francisco, plan to provide a one-month supply of the GLP-1 injections for $199.

That same dose of ...Read more

Another cruise line says one of its ships will return to Baltimore next weekend.

A Carnival Cruise Line ship that rerouted its departure to Norfolk, Virginia, will return to Baltimore on Sunday as scheduled, the company said in a news release.

Last week, Royal Caribbean said a ship would be leaving Baltimore this coming Saturday “as planned....Read more

Flawed decisions, including a permanent endless shrimp deal, real estate sales and private equity debt, has forced Red Lobster to file for Chapter 11 bankruptcy, with its leaders planning to seek a buyer for the financially troubled Orlando-based seafood chain.

The bankruptcy, filed in U.S. District Court in Orlando, will allow the company to ...Read more

WASHINGTON — The U.S. auto industry faces a triple threat on the road to cleaner cars and trucks: lagging consumer demand for electric vehicles, a potential glut of cheap electric vehicles from China and the possible rollback of Biden administration moves if Donald Trump becomes president again.

All of that is raising questions about whether ...Read more

The household income required to be considered middle class in the United States varies depending on where you live. In California, the price is high.

As of 2022, middle-class household income ranged between $61,270 and $183,810 in the Golden State, according to a recent analysis from personal finance site GoBankingRates.

That’s roughly a 50...Read more

Exxon Mobil can't say it wasn't warned.

Having opted to continue its lawsuit against two activist investor groups even after they withdrew a shareholder proposal the company management opposed, the giant oil company had gotten flayed by shareholder advocates for its bullying.

Now the big shoe has dropped: CalPERS, the largest public pension ...Read more

Boeing will have five extra years to build its 767 freighters in its Everett plant thanks to a provision in the newly passed Federal Aviation Administration reauthorization bill.

Boeing won’t say what these extra years will mean for the aviation company beyond 2028, when it originally planned to shutter its 767F program because the plane ...Read more

Ivan Boesky, who reached the pinnacle of fame and fortune as a high-flying Wall Street arbitrageur in the 1980s only to be exposed as a cheat in the insider-trading scandal that defined the era, has died. He was 87.

The New York Times reported his death, citing his daughter, Marianne Boesky. No details were immediately available.

As junk bonds...Read more

Airbus SE secured an order for 105 of its narrowbody jets from Saudi Arabia’s flagship carrier as the kingdom pours billions of dollars into turning the country into an aviation and tourism hub.

The deal — which includes 93 A321neos and 12 A320neos — is the largest in Saudia’s 80-year history. The order would have been bigger but the ...Read more

Red Lobster has filed for Chapter 11 bankruptcy and leaders plan to seek a buyer for the financially troubled seafood chain based in Orlando.

The bankruptcy, first reported by Bloomberg, came in U.S. District Court in Orlando and will allow the company to continue operating.

In a news release late Sunday, the company said the plan is to “...Read more

TALLAHASSEE, Florida — More than two-thirds of the $3 billion set aside by the Florida Legislature to shore up the state’s collapsing property insurance industry has gone untouched since it first became available in 2022.

Many insurance companies, which asked the Legislature for help, have mostly steered clear of that money. Industry ...Read more

Jay Schleicher has seen his fair share of insurance claims during his career as an agent.

Like when a renter fluffed a blanket and tore down a ceiling sprinkler, flooding their townhome unit with $40,000 in water damage. Or when a homeowner came back from vacation to a wet, stinky basement thanks to a backed-up sewer drain. Earlier this month, ...Read more

First, they went after Lurie Children’s Hospital in Chicago.

Next, cybercriminals attacked Ascension, a large nationwide health system with 14 hospitals in Illinois.

In both cases, the hospital systems kept providing care, but took down their electronic health record systems and MyChart online patient portals.

It took more than a month for ...Read more

The Biden administration quadrupled tariffs on Chinese electric vehicles this week in order to protect American automakers.

The tariffs are expected to rise to 100 percent from 25 percent for EVs. There are additional tariffs for critical minerals, solar goods and batteries.

Critics of the EV tariffs say they go against national efforts to ...Read more