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Anthony Souffle/Minnesota Star Tribune/TNS

Cargill grows national footprint, buying animal feed mills in Denver and Kansas City

Business / Business News /

Cargill is buying feed mills in Denver and Kansas City to expand its animal nutrition business across central and western states.

The Minnetonka-based agribusiness paid an undisclosed sum to Compana Pet Brands for the plants, which make food for animals large and small.

Mariano Berdegue, senior vice president for Cargill’s animal nutrition ...Read more

Sara Nevis/Sacramento Bee file/The Sacramento Bee/TNS

Target slows store theft, but at a cost to shopping experience

Business / Business News /

That quick Target run isn’t as speedy as it used to be with everything from deodorant to boxer briefs under lock and key at a growing number of stores as retailers take a more forceful approach to stymieing shoplifting.

In many ways, the lockdown — including wheel-locking carts if shoppers venture too far from the store — has worked. ...Read more

Tomasz Bidermann/Dreamstime/TNS

Microsoft pays more than $300 million to buy its Silicon Valley campus

Business / Business News /

MOUNTAIN VIEW, California — Microsoft has paid well over $300 million to buy a huge Mountain View tech campus the company occupies, a fresh sign of how the software leviathan has established its roots in Silicon Valley.

In a $330 million deal, Microsoft bought an office and research hub at 1045 La Avenida Street in Mountain View where it now ...Read more

Brian van der Brug/Los Angeles Times/TNS

Larry Ellison will control Paramount after deal, filing shows

Business / Business News /

Paramount Global, the parent of CBS, will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family’s interest in the film and TV company, according to a regulatory filing.

Ellison, the co-founder of Oracle Corp., is backing his son’s proposal to buy the Redstone’s...Read more

Real estate Q&A: What should I do if a hurricane damages my home?

Business / Business News /

Q: With hurricane season heating up, I am concerned I will not know what to do if a storm damages our house. How can we be prepared and ensure that insurance will pay up? — Maritza

A: From the legal perspective, dealing with hurricanes is similar to other casualty losses, such as fires or floods. To best navigate these tragedies, you must be ...Read more

Why public EV chargers almost never work as fast as promised

Business / Business News /

For EV drivers traversing the great state of Wyoming, the Smith’s grocery store in Rock Springs is an oasis. It’s just off I-80, there’s a Petco across the street, and it has six plugs promising to charge at 350 kilowatts. At that rate, a Tesla Model 3 could go from empty to full in the time it takes to hit the bathroom and grab a Snickers...Read more

Mirtha Donastorg/The Atlanta Journal-Constitution/TNS

Despite discrimination lawsuit, Atlanta venture capital firm is 'still in business'

Business / Business News /

Before Arian Simone stepped on stage, before the announcer said her name, the crowd knew she was coming.

When Simone, CEO and co-founder of Atlanta-based venture capital firm Fearless Fund, finally came out, 200 or so Black businesswomen were already on their feet, cheering and clapping for a woman that for them has become a symbol of the fight...Read more

Jeff Gritchen/The Orange County Register/TNS

Disney-obsessed couple loses lawsuit to get back into exclusive Club 33

Business / Business News /

LOS ANGELES — As members of Disney's exclusive Club 33, Scott and Diana Anderson visited the two Anaheim theme parks 60 to 80 times a year.

The private club, with its wood-paneled trophy room and other amenities, was the center of their social life. They brought friends, acquaintances and business associates. As a couple, they went on the ...Read more

Nancy Lane/Boston Herald/TNS

Massachusetts AG supports proposed federal rule to protect consumers from 'predatory' paycheck advance products

Business / Business News /

Massachusetts’ and 13 other states’ attorneys general support a proposed federal rule that would treat new-fangled paycheck advance products as consumer loans — a move that would add additional oversight to protect consumers.

“Without adequate consumer protections, paycheck advance products have the ability to harm vulnerable consumers ...Read more

Jeff Swensen/Getty Images North America/TNS

Biden to block Nippon Steel's proposed takeover of US Steel

Business / Business News /

U.S. President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.

The proposed deal has been subject to a review by the secretive Committee on Foreign Investment in the United States, and Biden plans to kill it as soon as the CFIUS referral ...Read more

Alexey Rotanov/Dreamstime.com/TNS

Former Discover executive sues credit card giant after losing $7 million in equity awards for alleged misconduct

Business / Business News /

A former Discover Financial Services senior executive is suing the company for gender and age discrimination, alleging that it withheld more than $7 million in earned equity awards and made her a “scapegoat” in an ongoing credit card misclassification investigation.

The lawsuit, filed Wednesday in Chicago federal court, comes as Capital One...Read more

Workers at GM-LG battery plant in Spring Hill, Tennessee join UAW

Business / Business News /

Workers at the General Motors Co. and LG Energy Solution joint-venture Ultium Cells LLC battery plant in Spring Hill, Tennessee, are joining the United Auto Workers, the union said Wednesday.

A majority of the 1,000 workers at the plant — the second such Ultium Cells facility in the country — signed cards to join the UAW and the company ...Read more

Drew Kann/The Atlanta Journal-Constitution/TNS

Residents vow to appeal after a Georgia railroad gets the OK to force land sales

Business / Business News /

The Georgia Public Service Commission on Wednesday approved a railroad’s request to use eminent domain in one of the state’s poorest counties to build a new rail spur to serve private businesses.

The five-member board unanimously voted to allow Sandersville Railroad to condemn portions of 18 parcels to build 4.5 miles of new tracks near the...Read more

Daniel Kim/Seattle Times/TNS

Nordstrom family offers $3.8 billion to take Seattle company private

Business / Business News /

Pete and Erik Nordstrom have offered to take the Seattle-based company private for $23 per share, with financial backing from the rest of their family and Mexican department store chain El Puerto de Liverpool.

The coalition of Nordstrom family members and Liverpool are proposing a deal in which the family would collectively own 50.1% of the ...Read more

Peter Zay/AFP/Getty Images North America/TNS

Michael Hiltzik: Trump and Vance are dead wrong -- economists unanimously agree that US tariffs are a tax on American consumers

Business / Business News /

Despite strong evidence that the average voter in the presidential election doesn't care a hoot about international trade policy, Donald Trump and his running mate JD Vance have been promising to step up Trump's tariff war with China.

As usual, they're backing their promise with lies and other humbug.

"A tariff is a tax on a foreign country," ...Read more

Andrew Kazmierski/Dreamstime/TNS

US port workers meet on wages, issue fresh strike threat

Business / Business News /

The union representing East and Gulf coast dockworkers kicks off a two-day meeting Wednesday in New Jersey to discuss wage demands to their employers under the threat of a strike that would disrupt ports from Houston to Boston.

Negotiations on a labor contract covering six of the 10 busiest US seaborne trade gateways have been stalled since ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

US job openings decline to lowest level since January 2021

Business / Business News /

U.S. job openings fell in July to the lowest since the start of 2021 and layoffs rose, consistent with other signs of slowing demand for workers.

Available positions decreased to 7.67 million from a downwardly revised 7.91 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, ...Read more

Vactidy/Vactidy/TNS

Tech review: Three vacuums to keep your floors clean

Business / Business News /

We all have floors, and they all get dirty. How you clean them will depend on what’s on those floors — are they hard surfaces or carpeted?

I’ve used plenty of vacuums, both traditional and robot vacuums, and they all have their advantages and disadvantages.

Today we’re looking at three vacuums. Two require work from you and one will ...Read more

Dreamstime/Dreamstime/TNS

Florida falls short on EV chargers. So why is state sitting on millions to install them?

Business / Business News /

MIAMI — Outside the Walmart parking lot in Hialeah, a chic young woman smoking a skinny cigarette waited next to her brand-new electric Porsche Taycan, painted an equally chic pale pink color the automaker calls “frozen berry.”

The woman, who would give her name only as Tang P, had driven 25 minutes from downtown Miami to find the closest...Read more

Renée Jones Schneider/Minnesota Star Tribune/TNS

Future of discarded wind turbine blades in Minnesota town gets cloudier after company disappears

Business / Business News /

The strange saga of wind turbine blades dumped in the small Minnesota town of Grand Meadow has taken another turn after the company that promised to remove them abruptly went out of business.

Meanwhile, the co-owner of the vacant lot where the turbine blades are piled tried to cut one up with a stump grinder before the city ordered him to stop....Read more