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Dai Sugano/Bay Area News Group/TNS

Bay Area surfer, Scientologist and billionaire is tackling one of medicine's toughest problems

Business / Business News /

If unorthodoxy and discipline could be blended and bottled, Bob Duggan would have another multibillion-dollar product.

For now, his fortunes are focused on an experimental cancer drug that wowed researchers at this month’s World Conference on Lung Cancer, sending the stock of his small Menlo Park-based Summit Therapeutics surging 700% — and...Read more

Karen Ducey/The Seattle Times/TNS

After record surge, Seattle sees sharp drop in remote work

Business / Business News /

The era of remote work, ushered in by the pandemic, isn’t going away anytime soon. But new census data suggests that it’s passed its peak. And in Seattle, the share of folks working remotely fell more sharply last year than it did across the nation as a whole.

Census data released this month shows the number of Seattle residents who worked ...Read more

Michael A. McCoy/Getty Images North America/TNS

All the major legal battles Elon Musk and his companies are facing

Business / Business News /

Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot system to civil rights complaints over the treatment of employees.

Tesla’s board and Musk were hit June 6 with another suit over his $56 billion pay package that a judge voided in January — ahead of a June 13 ...Read more

Jon Cherry/Getty Images North America/TNS

Trump's crypto venture begins sign-ups while business purpose remains unclear

Business / Business News /

Donald Trump’s World Liberty Financial decentralized finance project has started to sign up users even though it remains unclear what services the crypto platform will offer.

The project backed by the former president is now accepting accredited U.S. investors and non-U.S. persons, according to posts Monday on the social networks X and ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Nike 'threatened to kill' small company and should pay millions, says court-ordered review

Business / Business News /

A court-ordered review of sports retail giant Nike Inc.’s conduct in copycatting Norristown, Pennsylvania-based Lontex Corp.’s Sweat It Out knit garments for pro athletes’ battered muscles has found that “Nike knew” it was violating the much smaller company’s trademark rights “but just did not care.”

Lontex, founded by Efraim ...Read more

Sean Rayford/Getty Images North America/TNS

Baxter International temporarily closes its largest plant following hurricane, raising questions about supply of medical solutions

Business / Business News /

Baxter International has temporarily closed its largest manufacturing plant following damage caused by Hurricane Helene — a move that raises questions about supplies of the medical products it makes there.

The North Cove plant, in Marion, N.C., is not only the company’s biggest manufacturing facility, with more than 2,500 workers. It is ...Read more

Karl Mondon/Bay Area News Group/TNS

GM's Cruise gets more oversight after robotaxi dragging incident

Business / Business News /

General Motors Co.’s robotaxi company will undergo tougher oversight and pay a fine to settle claims by U.S. auto safety regulators that it failed to properly disclose information about a crash involving one of its cars that struck and dragged a pedestrian last fall.

GM’s Cruise LLC unit must pay a $1.5 million civil penalty, submit regular...Read more

Allen J. Schaben/Los Angeles Times/TNS

DirecTV to acquire Dish Network, Sling TV for $1

Business / Business News /

Satellite TV provider DirecTV has agreed to buy longtime competitor Dish Network, throwing a lifeline to the troubled Colorado-based broadcaster that helped pioneer the industry.

The proposed consolidation, announced early Monday, highlights the challenges facing traditional television. DirecTV agreed to assume Dish's net debt and pay just $1 ...Read more

Dreamstime/Dreamstime/TNS

Google-Epic app store feud expands in suit over Samsung phone settings

Business / Business News /

Epic Games Inc. expanded its antitrust fight with Alphabet Inc.’s Google by accusing the tech giant of conspiring with Samsung Electronics Co. to block rival app marketplaces through default settings on mobile devices sold all over the world.

Epic, maker of the video game Fortnite, won a jury trial last year over claims that Google ...Read more

Max Ortiz/The Detroit News/TNS

Stellantis lowers 2024 outlook, accelerates inventory reductions

Business / Business News /

Stellantis NV on Monday lowered its annual financial guidance for the year and said it was accelerating actions to reduce U.S. inventories as sales struggle.

The transatlantic automaker is forecasting an adjusted operating income margin of 5.5% to 7% for the year, down from the expected double-digit projection. Roughly two-thirds of the reduced...Read more

Handout/Ford Motor Company/TNS

Ford to cover cost of home charger, installation for EV buyers through end of year

Business / Business News /

In an effort to boost sales, Ford Motor Co. will cover the cost of a home charging station and its installation starting Tuesday through the end of the year for customers who buy or lease a new electric vehicle.

EV sales aren't growing as quickly as the industry had expected. Affordability, availability of charging infrastructure, battery ...Read more

Jerry Jackson/Baltimore Sun/TNS

International Longshoremen's Association says it will strike starting Tuesday

Business / Business News /

The International Longshoremen’s Association is preparing to strike after midnight tonight along the East and Gulf coasts.

The union, which represents around 2,400 workers at the Port of Baltimore, said Sunday that work will stop starting Tuesday, and, as of Monday morning, the union reported no further progress toward settling a labor ...Read more

Rumata7/Dreamstime/TNS

Motormouth: Swivel seats?

Business / Business News /

Q: Back in the ‘70s, Oldsmobile had a number of models with swivel bucket seats. Now that I am 80, where are these seats? It would be a lot easier for old folks to get in and out of their car.

M.B., Syracuse, New York

A: The simplest and cheapest solution is a swivel seat cushion. You can find many on Amazon for under $50. Full replacement ...Read more

Ken Lambert/The Seattle Times/TNS

Amazon's audit found 'perceptions' of racial inequity in its warehouses

Business / Business News /

More than two years after launching an audit to study racial equity in its warehouses, Amazon quietly released the results last month, revealing workers’ concerns over “inequities,” despite programs the company already has in place.

The report, led by former attorney general Loretta Lynch, found Amazon’s warehouse workers felt there ...Read more

Jerry Jackson/Baltimore Sun/TNS

International Longshoremen's Association says it will strike starting Tuesday

Business / Business News /

The International Longshoremen’s Association is preparing to strike this week along the East and Gulf coasts.

The union, which represents around 2,400 workers at the Port of Baltimore, said Sunday that work will stop starting Tuesday.

“The 85,000 members of the International Longshoremen’s Association, joined in solidarity by tens of ...Read more

Genaro Molina/Los Angeles Times/TNS

Southern California's hottest commercial real estate market is for tenants that aren't human

Business / Business News /

Where Wilshire Boulevard begins in downtown Los Angeles, thousands of miles of undersea fiber-optic cables disappear into an ordinary-looking office tower.

One Wilshire is the mother of all data centers in the West, a discreet terminus for major digital links between Asia and North America that help sustain the world's bottomless need for data ...Read more

Michael Hiltzik: A federal appeals court hands the FDA a stupendous win in its battle against stem cell clinics

Business / Business News /

Just as it began to seem that the battle against pseudoscience in medicine was being lost, a federal appeals court in San Francisco delivered a huge win for the Food and Drug Administration on its science-based regulation of stem cell clinics.

The three-member panel of the 9th Circuit Court of Appeals found that the FDA's definition of ...Read more

Dreamstime/Dreamstime/TNS

Petco stops rabbit sales and encourages adoption after pressure from animal rights groups

Business / Business News /

Petco, the San Diego-based animal goods and services brand, announced this week it will shift from selling rabbits to putting them up for adoption.

Petco was not selling rabbits on a wide scale, but it had launched a pilot in which it put “fewer than 50 rabbits” up for sale at certain of its stores across the U.S. This move brings the ...Read more

Jose Carlos Fajardo/Bay Area News Group/TNS

State Farm projects dropping 1 million policies in California over next five years

Business / Business News /

State Farm is projecting that by 2028, the number of policies it issues in California will drop by 1 million, as the insurance giant grapples with financial distress and pulls back from the Golden State.

According to a filing submitted to the California Department of Insurance on Sept. 10, the insurer’s policies for property insurance, which ...Read more

Nuccio DiNuzzo/Chicago Tribune/TNS

Chicago exotic dance club sued by EEOC: Failed to protect dancers from patrons, lawsuit alleges

Business / Business News /

A Chicago exotic dance club failed to protect dancers from “dangerous, harassing, and sometimes violent” behavior from customers, retaliated against a dancer who reported the harassment to her supervisor and discriminated against Black dancers by pushing them into less lucrative shifts, a lawsuit filed by the U.S. Equal Employment ...Read more