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Tesla was told to temper robotaxi fervor months before US probe

Business / Business News /

Tesla Inc. was admonished by a US agency over how the carmaker was promoting its driver-assistance technology on social media months before the regulator opened a defect investigation of the system.

In a May 15 email sent to Tesla representatives, a National Highway Traffic Safety Administration official flagged seven social media posts the ...Read more

Jen Golbeck/SOPA Images/Zuma Press/dpa/TNS

Tesla shares roar back to trillion-dollar value on Trump's win

Business / Business News /

A breakneck rally in Tesla Inc. shares on Friday catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon Musk’s company.

Shares of the company closed up 8.2% at $321.22 Friday, taking their gains this ...Read more

Christina House/Los Angeles Times/TNS

AI startup funding hit a record in the LA area last quarter. Here's who got the most money

Business / Business News /

The Bay Area has long held the title for attracting the most venture capital funding in the nation, and that naturally includes the hot market for artificial intelligence startups. After all, San Francisco is home to some of the most prominent AI players, including ChatGPT maker OpenAI.

But the Greater L.A. area is growing its presence in this ...Read more

Max Ortiz/The Detroit News/TNS

Stellantis cutting 400 jobs at Detroit parts warehouse

Business / Business News /

Stellantis NV plans to cut about 400 workers at an east Detroit warehousing facility early next year.

The indefinite layoffs will affect all workers at the Freud Street parts sequencing facility, which is near the company's Detroit Assembly Complex-Jefferson plant. Stellantis said it's transitioning the operations to a third-party.

"As ...Read more

Boeing to refund lost pay to employees furloughed during Machinists strike

Business / Business News /

In a goodwill gesture to Boeing employees who were furloughed during the Machinists’ strike, new CEO Kelly Ortberg on Thursday afternoon sent out a message saying the company will return the pay they lost.

Boeing instituted rolling furloughs in September, with tens of thousands of employees asked to take off one out of every four weeks unpaid...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2024 Acura TLX Type-S is the perfect sedan

Business / Business News /

As the sedans continue to be a backburner choice for American car consumers, Acura pushes forward and does the unthinkable: manufacturing a sporty sedan with all-wheel drive, power and luxury. The 2024 Acura TLX Type-S is exactly what consumers in many categories are looking for.

With Acura’s long lasting history of great value, excellent ...Read more

Automobili Lamborghini S.p.A. Company/Automobili Lamborghini S.p.A. Company/TNS

Auto review: 2025 Lamborghini Urus SE Plug-In Hybrid is still a righteous raging bull

Business / Business News /

NARDÒ, Italy — Don’t look now, but Lamborghini builds nothing but gas-electric hybrids.

As Lamborghini develops its first battery-electric supercar, due in 2028, it’s also busy fielding gas-electric hybrid powertrains in the interim. It started with the Aventador’s replacement, the Revuelto. With 1,001 horsepower flowing from its 6.5-...Read more

How Trump could put his campaign promises on tariffs into action

Business / Business News /

President-elect Donald Trump has vowed to impose massive new tariffs upon entering office on Jan. 20, calling them “the greatest thing ever invented.” And unlike some of his other campaign promises, he’s been consistent, repeatedly suggesting he’ll impose a 10% to 20% tariff on all foreign goods and a tariff of 60% or higher on products ...Read more

Cadillac/Cadillac/TNS

GM ending Cadillac XT4 production in January

Business / Business News /

General Motors Co. is ending production of the gas-powered Cadillac XT4 small SUV in January 2025, the automaker confirmed Thursday.

The XT4 is built at GM's Fairfax Assembly plant in Kansas, where production of the Chevrolet Malibu sedan is ending this month. GM is still investing $391 million in Fairfax to make a new version of the Chevrolet ...Read more

Meg McLaughlin/The San Diego Union-Tribune/TNS

After snafu, San Diego Comic-Con sets new sales date for final tickets

Business / Business News /

A date has been set for the last San Diego Comic-Con tickets.

After technical problems halted sales in late October, the pop culture juggernaut announced Thursday morning it had set a new sale date for final 2025 tickets: Saturday, Nov. 23.

The final tickets are part of what Comic-Con calls its open registration. It already held its returning ...Read more

Phillip Faraone/Getty Images North America/TNS

EV maker Rivian falls short of revenue projections for third quarter

Business / Business News /

Electric vehicle maker Rivian missed Wall Street's expectations for revenue on Thursday, with sales coming in lower than anticipated in the third quarter.

The Irvine-based company reported revenue of $874 million in the three months ending Sept. 30., which fell short of the $992 million projected by analysts, according to FactSet. The company ...Read more

Ken Wolter/Dreamstime/TNS

Molson Coors closing historic, beloved Leinenkugel's brewery in Chippewa Falls

Business / Business News /

The historic Leinenkugel’s brewery in Chippewa Falls, Wisconsin, is closing after more than 150 years of operating in the town, as parent company Molson Coors centralizes brewing operations in Milwaukee.

“While never easy, these choices are made with much thought and consideration to position Molson Coors for continued success in Wisconsin ...Read more

Chip Somodevilla/Getty Images North America/TNS

Trump's return could be bad for WA trade and workers, good for tech

Business / Business News /

For some Washington business leaders, Donald Trump’s return to the White House revives hopes of fresh cuts to corporate taxes and a host of regulations.

Tech company leaders hoping to gain Trump’s good graces congratulated him on his win. Wall Street analysts expressed optimism that his administration won’t put guardrails on the tech ...Read more

Mandel Ngan/AFP/Getty Images North America/TNS

Fed cuts interest rates again, but Trump's victory makes future path much murkier

Business / Business News /

The Federal Reserve cut interest rates for a second straight time on Thursday in an effort to keep the economy sailing along by easing the high borrowing costs it engineered to fight inflation. But going forward Fed policymakers must contend with a big new unknown: a second Trump presidential term.

The quarter-percentage-point reduction in the ...Read more

Real estate Q&A: Who's responsible for hedge damaged by landscaper?

Business / Business News /

Q: The landscaper hired by our HOA for the community damaged a large hedge in our yard that now must be replaced. My HOA says the damage is not their responsibility and that I must resolve the problem myself. Do I have to deal directly with the landscape company? —Jo Ann

A: No, your community association will need to deal with this problem. ...Read more

Al Seib/Los Angeles Times/TNS

How Trump's second presidency could bring more drama to Hollywood

Business / Business News /

Already facing retrenchment and existential concerns about its business model, Hollywood is bracing for more potential volatility from the incoming Trump administration.

While President-elect Donald Trump has not laid out specific plans for the entertainment industry, analysts said his proposed broader policies on global tariffs, as well as the...Read more

File photo/Las Vegas Review-Journal/TNS

Las Vegas real estate market on 'wild ride' for past 5 years: Zillow

Business / Business News /

Las Vegas’ residential real estate market has been on a “wild ride” for the past five years but could finally be getting off the roller coaster ride that started during the pandemic, according to new statistical analysis from Zillow.

The Las Vegas market recently entered more “balanced territory,” said Kara Ng, a senior economist with...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

Other cities want less self-storage. Philadelphia can't get enough of it

Business / Business News /

PHILADELPHIA — On a windblown stretch of the Delaware riverfront in late September, an array of local leaders lined up to praise a new use for Pier 40.

After sitting derelict for years, the monumental Beaux-Arts remnant of Philadelphia’s industrial history was sold to PrimeSpace Capital, and the New York-based developer refurbished its ...Read more

Alex Kormann/Minnesota Star Tribune/TNS

General Mills' $1.2B bet on pet treats falls victim to poor timing

Business / Business News /

When General Mills paid $1.2 billion for Tyson’s pet treats business in 2021, CEO Jeff Harmening predicted a “long runway of strong, profitable growth ahead.”

Three years later, the maker of Blue Buffalo is downgrading the value of its True Chews and Top Chews brands over “lower future sales and profitability projections,” per a ...Read more

Brian van der Brug/Los Angeles Times/TNS

After a century, concrete plant that helped build LA makes way for a deluxe tower

Business / Business News /

If the new apartment tower had been planned for another plot of land, chances are good the concrete plant in the middle of the city would have helped build it.

But, as it happens, the century-old facility on La Brea Avenue that has provided concrete for buildings and roads across the Los Angeles region sat where the tower is to go up.

Now, the...Read more