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GM plans cheaper battery cells for electric SUVs and trucks

Business / Business News /

General Motors Co. on Tuesday announced plans to make cheaper battery cells for electric trucks and SUVs at a U.S. plant beginning in 2028.

The Detroit automaker says it will begin commercial production of lithium manganese-rich cells at an Ultium Cells plants in Ohio or Tennessee. Ultium Cells is a joint venture between GM and LG Energy ...Read more

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Trump's Mideast visit opens floodgate of AI deals led by Nvidia

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The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.

Under agreements with the US expected to be unveiled in coming days, Saudi Arabia and the ...Read more

Canadian electric minibus manufacturer to open its first US plant in Illinois

Business / Business News /

As Lion Electric faces liquidation and the auction of its shuttered Joliet, Illinois, electric bus factory, the state has announced another Canadian EV bus manufacturer will be opening a plant in Peoria, Illinois.

Damera Corp., an Ontario-based electric bus company, plans to invest $31.5 million and create 90 full-time jobs to open its first U....Read more

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New Georgia law shields Roundup maker from some cancer-related lawsuits

Business / Business News /

Manufacturers of chemicals that make pesticides, fertilizers and herbicides for crops will soon be shielded from Georgians who say the companies did not sufficiently warn consumers of health risks.

The Georgia Legislature passed legislation that aims to protect Bayer from lawsuits where customers have claimed there were no warnings that the ...Read more

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Trump administration turns to Elon Musk's Boring Co. for advice on Baltimore tunnel project

Business / Business News /

Looking to cut costs on Amtrak’s project to replace an aging West Baltimore tunnel, rail officials under the Trump administration have been talking with Elon Musk’s tunneling company, The Boring Co.

The talks surround a potential engineering contract for the Frederick Douglass Tunnel project near Penn Station, a major undertaking by Amtrak ...Read more

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Family of Boeing whistleblower John Barnett settles wrongful-death lawsuit

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The family of whistleblower John “Mitch” Barnett has settled a wrongful-death lawsuit against Boeing that blames the company for Barnett’s suicide in March 2024.

U.S. District Judge Bruce Hendricks dismissed the case on Monday, according to court documents.

The court order did not include any details about the resolution of the lawsuit ...Read more

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Google unveils major Android redesign ahead of iPhone overhaul

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Google unveiled the biggest update to its Android mobile operating system in years, weeks before its biggest competitor in the space, Apple Inc., is expected to give a preview of its overhauled iPhone software.

The Alphabet Inc. unit is rolling out a new, bolder design language — called Material 3 Expressive — that spans the entire Android ...Read more

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Ford cuts 5% of connected-vehicle software team

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Ford Motor Co. is cutting about 350 connected-vehicle software jobs in the United States and Canada to align worker skillsets with the goals of the company, according to two sources familiar with the decision.

The reductions amount to about 5% of the connected-vehicle software team, the people who weren't permitted to speak publicly on the ...Read more

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IG Metall says it'll strike Ford in Germany

Business / Business News /

Workers at Ford Motor Co.'s electric vehicle plants in Cologne, Germany, are expected to launch a 24-hour strike Wednesday as the Dearborn, Michigan, automaker has promised to cut thousands of jobs in Europe.

Ford in November said it plans to eliminate 4,000 jobs by the end of 2027, mostly in the United Kingdom and Germany. Underperforming EV ...Read more

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Microsoft layoffs may hit 3% of global workforce

Business / Business News /

Microsoft confirmed Tuesday that it’s laying off thousands of employees across the company.

The Redmond, Washington-based tech giant didn’t disclose how many employees it plans to lay off, but a spokesperson said up to 3% of Microsoft’s workforce could be affected. Microsoft has 228,000 employees worldwide, meaning more than 6,800 people ...Read more

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Insurers seek to surcharge California homeowners for LA County fire costs

Business / Business News /

Insurers are seeking to charge homeowners across California for some of the costs of the catastrophic Los Angeles County fires the companies were burdened with when the state's insurer of last resort needed a bailout.

The California FAIR Plan Association, with the approval of state Insurance Commissioner Ricardo Lara, assessed its member ...Read more

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Judge backs State Farm's 17% emergency rate hike for homeowners

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An administrative law judge endorsed a request by State Farm General to increase its homeowner rates by 17%, at least partially due to losses it suffered in the Jan. 7 fires in Los Angeles County.

Administrative Law Judge Karl Frederic Seligman, who oversaw an unusual three-day hearing on the matter last month, said that California's largest ...Read more

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Michael Hiltzik: Trump's UK, China 'deals' leave tariff policy more confused than ever

Business / Business News /

Are you confused about Donald Trump's tariff policy, including why he instigated a global trade war, what its effect impact will be on the U.S. economy and how hard it will hit your pocketbook?

Join the club. So too are economists, trade experts, political prognosticators and Trump himself. Their bewilderment has only intensified with the White...Read more

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UnitedHealth Group stock drops as CEO Witty abruptly resigns and company suspends financial outlook

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Andrew Witty is stepping down as CEO of health care giant UnitedHealth Group in a surprise transition that follows a period of unprecedented turbulence, including the public killing of a company executive and financial woes that in recent weeks have only intensified.

UnitedHealth suspended its financial guidance for the year, and its stock ...Read more

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Will Canadians vacation in Michigan this summer? Tourist towns brace for change

Business / Business News /

As Michigan prepares for another warm-weather travel season, one thing is increasingly clear: President Donald Trump's tariffs are sparking backlash that could reduce international visits to the United States — and deepening concerns that the levies may cause domestic travelers to adjust their plans.

The impact of tariffs amid a trade war is ...Read more

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How online auction startup Unicorn is turning whiskey bottles into windfalls

Business / Business News /

When it comes to liquid assets, a Chicago startup is finding that stocks and bonds may have nothing on bourbon.

Unicorn, a five-year-old online auction platform for wines and spirits, has quickly established itself as the eBay of imbibing, authenticating, digitizing, storing and auctioning more than $125 million worth of prized booze since ...Read more

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Jon Voight, Sylvester Stallone and entertainment groups lobby Trump for tax provisions

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So-called Hollywood ambassadors Jon Voight and Sylvester Stallone joined with a coalition of entertainment industry groups for a letter delivered this week to President Trump urging him to support tax measures and a federal tax incentive that would help bring film and TV production back to the U.S.

The letter is signed by Voight, Stallone, all ...Read more

UnitedHealth Group CEO Witty abruptly resigns, former leader Hemsley returns

Business / Business News /

Former CEO and longtime company leader Stephen Hemsley is resuming duties as chief executive at health care giant UnitedHealth Group in a surprise transition as the company’s recent financial woes have intensified.

Andrew Witty is stepping down as CEO for personal reasons, the company said, and will remain as a senior adviser to Hemsley, who ...Read more

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Motormouth: Your car can 'read'

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Q: Thanks for your column! It’s always full of practical advice and info. In a recent column, the reader asked how cars know what the speed limit is. My experience is that they can also use the front camera to “read” speed limit signs, and quite accurately. I know that my 2021 Ford Explorer does this because someone spray painted the sign...Read more

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Google to pay $50 million to settle lawsuit claiming it paid Black workers less

Business / Business News /

Google will pay $50 million to settle a class-action lawsuit accusing it of paying Black workers less.

April Curley, a Black woman who worked at the Mountain View, California, digital-advertising giant from 2014 to 2022, claimed in her 2022 lawsuit that she was hired to recruit more Black workers but fired for pushing back against the firm’s ...Read more