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Michael Hiltzik: California employers wrap themselves in the 1st Amendment to kill a pro-worker law

Business / Business News /

It's always heartening to see the business establishment stand up for constitutional principles.

Well, almost always. Among the exceptions is when business leaders wrap themselves in the Constitution to secure their own privileges at the expense of the public interest.

That's the case with a curious little lawsuit the California Chamber of ...Read more

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Planes flying like geese: Inside Delta's sustainability strategy

Business / Business News /

LAS VEGAS — Planes mimicking migrating geese to save energy. Aviation fuel made of cooking oil or downed timber waste. Aircraft wings that can change shape during flight to maximize efficiency.

These are some of the ideas Delta Air Lines thinks could help it reach its 2050 net zero emissions goal, outlined during the Atlanta company’s ...Read more

Acura/TNS/TNS

Auto review: 2025 Acura ZDX EV is a great Acura that's not really an Acura

Business / Business News /

We live in an automotive age when we have access to more horsepower than ever before. Yet given the clogged arteries that plague America’s metro areas, it’s unusable and therefore pointless. What good is a 0-60 mph time of 2.5 seconds if it only gets you to the next traffic jam a few seconds sooner? Fast cars don’t do you any good crawling...Read more

Cadillac/Cadillac/TNS

Auto review: Lyriq EV woos new-gen buyers with old-school Caddy elegance

Business / Business News /

STERLING HEIGHTS, Michigan — While my Cadillac Lyriq tester drove itself in Super Cruise at 75 mph on I-696 eastbound, I swiped through the gorgeous, curved 33-inch dash screen to show my friend, Peter, our Zmash Padel destination north of General Motors Co.’s engineering campus on Mound Road.

As we bore down on traffic, the Caddy ...Read more

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It's a sad day to be the 2024 BMW X1

Business / Business News /

Just as recent as last year, we tested the outstanding BMW X1, and its redesigned release to the consumer market. It boasted decent power, great fuel economy, superb comfort and good looks — just what most consumers are requiring in today’s inflated and car market.

In 2024, we test the BMW X1 M35i, an even better looking subcompact luxury ...Read more

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For Hollywood workers, LA fires are the latest setback as productions halt

Business / Business News /

As the market for documentaries and other content slowed and work dried up in Hollywood, producer Kourtney Gleason was already worried about making the mortgage payments on the home she bought last year with her boyfriend.

Now, as raging fires have halted film and TV production in Southern California and many in the industry have lost homes, ...Read more

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What to know about temporary housing, rents, price gouging during fire storm

Business / Business News /

The Palisades and Eaton fires have burned thousands of homes in Los Angeles County, in the process creating refugees in a region with a persistent housing shortage.

For now, many of the displaced are staying in hotels, shelters or with friends and family. Others may be searching for a more permanent home in a rental. Many more will join them ...Read more

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Nonalcoholic beer boom: Actor Tom Holland's new beverage debuts at Target

Business / Business News /

Target is debuting Hollywood star Tom Holland’s new nonalcoholic beer as shoppers double down on alcohol-free options during Dry January and beyond.

Holland, known for his role as Marvel’s Spider-Man, launched the beer online last year, sharing stories from his own journey with sobriety on late-night talk shows and podcasts.

“I tried to ...Read more

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How the devastating Los Angeles fires could deepen California's home insurance crisis

Business / Business News /

When raging wildfires tore through Pacific Palisades and other local communities this week, they not only left a path of destruction reminiscent of a World War II bombing campaign, but threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to find and keep affordable homeowners insurance.

The ...Read more

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Panera CEO resigns after less than two years

Business / Business News /

FENTON, Missouri — Panera Brands’ CEO is stepping down after less than two years of in the position, the parent company of Panera Bread said in a press release Tuesday.

José Alberto Dueñas’s resignation is effective immediately. Dueñas, former president and CEO of Einstein Bros. Bagels, became Panera CEO in July of 2023.

“I am ...Read more

Real estate Q&A: Why do I need two types of title insurance?

Business / Business News /

Q: We are buying our first home and are stretching our savings to pay for the down payment and closing costs, not to mention the moving expenses. Our lender sent us our closing cost estimate, which showed that “owner's title insurance” was optional, even though we were required to purchase “lender's title insurance.” What is the ...Read more

Dreamstime/Dreamstime/TNS

Faith-based investor group pushes UnitedHealth Group to study denials in wake of CEO murder

Business / Business News /

A group representing faith-based shareholders petitioned Minnesota-based UnitedHealth Group to develop a report on the human and economic toll that stems from limiting or delaying access to health care at the company’s massive insurance subsidiary.

The Interfaith Center on Corporate Responsibility said Wednesday it has filed a shareholder ...Read more

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A complete guide to 401(k) retirement plans: What is a 401(k)?

Business / Business News /

If you’re working and already saving for retirement or plan to start socking away money soon, investing in a 401(k) plan can help you build a sizable nest egg.

If you’re thinking about signing up for a 401(k), or simply want to know more about how to take full advantage of this type of retirement savings vehicle, here’s everything you ...Read more

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If you lost your home or business in the wildfires, here's what to do next

Business / Business News /

With more than 1,100 structures already destroyed by three wildfires that continue to rage out of control around Los Angeles, homeowners and business owners face a long road ahead to recoup their losses.

Filing an insurance claim is one of the many tasks to take care of after the loss of a home or business. It is lengthy process that has become...Read more

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CHS profits plummet alongside lower global fuel, grain prices

Business / Business News /

CHS was already feeling the squeeze of depressed grain prices amid bountiful worldwide harvests, and now its oil refining business is hurting from ample global production.

The Inver Grove Heights-based cooperative saw profits cut in half, to $244.8 million, for its first fiscal quarter that ended Nov. 30.

The company, which owns the Cenex ...Read more

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Q&A: Canada energy minister warns Trump against an oil trade war

Business / Business News /

Donald Trump’s claim that the U.S. doesn’t need anything from Canada is “simply false,” said Jonathan Wilkinson, Canada’s energy minister and a potential candidate in the contest to replace Justin Trudeau as prime minister.

The U.S. doesn’t have easy alternatives to Canadian crude oil, uranium, potash and other critical minerals, ...Read more

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Michael Hiltzik: Here's one key reform that can fix US health care

Business / Business News /

For more than 50 years, as the economics of American health care and health insurance have evolved, one theory has persisted, unchanged: To promote better and more efficient medical treatment, patients must have "skin in the game."

The idea is that requiring fees for doctor or hospital visits — through co-pays, deductibles and other forms of ...Read more

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Biden to further limit Nvidia AI chip exports in final push

Business / Business News /

President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.

The U.S. wants to curb the sale of AI chips used in data ...Read more

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US dockworkers, employers reach tentative deal to avert strike

Business / Business News /

A U.S. dockworkers union reached a tentative deal on a new labor contract with a group of ocean carriers and terminal operators that, if ratified would avoid a shutdown of East and Gulf coast ports next week.

“We are pleased to announce that ILA and USMX have reached a tentative agreement on a new six-year ILA-USMX Master Contract, subject ...Read more

Dania Maxwell/Los Angeles Times/TNS

Warner Bros. shakes up studio leadership amid film underperformance

Business / Business News /

The Warner Bros. film studio has shaken up its senior ranks after the under-performance of several movies last year, which has put pressure on the film team to increase its performance and profitability.

Veteran marketing chief Josh Goldstine and international film distribution head Andrew Cripps announced their exits internally Wednesday ...Read more