SAN JOSE, Calif — Hotel development nosedived in California and the Bay Area in 2024, fresh evidence the statewide lodging market still suffers from an array of post-coronavirus economic maladies, a new report shows.

Atlas Hospitality Group disclosed in a new report that the decline affected three types of hotel projects: hotels that were ...Read more

Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name.

The chipmaker will continue to be an “anchor investor in the new company,” according to a statement Tuesday. The division, currently known as Intel Capital, has more than $5 ...Read more

Florida’s insurance commissioner might not want the Legislature to pursue any major new reforms during the upcoming session, but lawmakers on House and Senate committees that determine which bills advance might not be so patient.

Two years after voting to enact reform bills aimed at reducing rates of claims abuses and litigation against ...Read more

ST. LOUIS — A few years ago, just before Super Bowl Sunday, Dee Crawford posted a video to the social media app TikTok of her printing a football sweatshirt for her homespun apparel company.

Within two weeks, she had 500 new orders. The video had gone viral, she said. Six months later, she quit her corporate job in finance to pursue the small...Read more

Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught even before he’s back in the White House.

Soon after calls to congratulate the president-elect on his Nov. 5 victory, officials began quietly looking for ways to ...Read more

With just days left in the Biden administration, the Food and Drug Administration on Tuesday unveiled its highly anticipated proposal to require manufacturers to display nutrition information on the front of packaged foods.

The proposal is several years in the making. The agency in 2022 announced its intention to develop a rule on such ...Read more

Macy’s has revealed that the company’s workers in the Bay Area and California face the loss of several hundred jobs due to the iconic retailer’s decision to close 66 stores nationwide and several in this state.

Separately, Rite Aide has disclosed it will shut the doors of one of its San Jose stores, a move that will eliminate more than a ...Read more

Kentucky’s bourbon distilleries have been expanding at a feverish pace in recent years, building warehouses to age more whiskey than ever before.

The state’s $9 billion industry employs more than 7,000 people, with thousands more in related fields, including tourism.

So Tuesday morning’s news that industry giant Brown-Forman is laying ...Read more

A Colorado state lawmaker is suing the ride-hailing company Lyft and a Colorado-based transportation outfit after she says she was sexually assaulted by her driver on a ride last year.

Rep. Jenny Willford, a Northglenn Democrat, spoke about the new lawsuit during a news conference in the state Capitol on Tuesday. She said she was sexually ...Read more

More than 80% of poultry slaughterhouse workers and half of hog processing employees testing faster line speeds are at high risk of developing chronic conditions like arthritis and carpal tunnel syndrome, according to recent U.S. Department of Agriculture reports on line speeds and worker safety.

Current line speeds run up to 140 birds per ...Read more

UnitedHealth Group is asking a judge to toss the federal government’s primary argument in its challenge to the Eden Prairie-based company’s proposed $3.3 billion acquisition of Amedisys, a home care and hospice company headquartered in Louisiana.

When the Justice Department sued in November to block the deal, the complaint alleged harm to ...Read more

Starbucks facilities in North America — including cafés, patios and restrooms — are now only available to paying customers, the company confirmed to the Daily News.

The announcement reverses an open-door policy implemented by the coffee giant nearly seven years ago, which allowed anyone to use its spaces “regardless of whether they make ...Read more

Meta Platforms Inc. is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees.

As of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. “I’ve decided to raise the bar ...Read more

Options traders whipsawed by the stock market’s recent gyrations are getting anxious that more bouts of volatility may arrive in the coming days, starting with Wednesday’s report on consumer prices.

Soaring bond yields and robust jobs data have put extra focus on the next consumer price index report. The S&P 500 Index is expected to move 1%...Read more

Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.3 billion in excess revenue over six years, the Federal Trade Commission said in a report on the drug middlemen.

The practice inflated costs for ...Read more

The line of cars and trucks stretched Wednesday afternoon all the way to the edge of the property and then out into the road. A man was running traffic control, waving drivers along and directing the flow of cars.

These drivers were not lining up to buy concert tickets or the new viral Hermès dupe handbag from Walmart, but another, more humble...Read more

Facebook’s parent company is building Minnesota’s first mega data center in Rosemount to house its fast-growing need for computing muscle.

Amazon and Microsoft bought land for large data centers near Xcel Energy’s soon-retiring coal plant in Becker. A Colorado company called Tract has advanced a project in Farmington and is eyeing ...Read more

An anti-affirmative action group has sued McDonald’s over a scholarship program for Hispanic and Latino students a week after the company said it was ending some of its corporate diversity, equity and inclusion practices.

The lawsuit, which alleges the scholarship program unlawfully discriminates against students of other races and ...Read more

The U.S. economy notched a welcome, if puzzling, milestone in 2024 when the labor force participation rate among prime-age women — 25 to 54 — rose to a record 78.4%, increasing about five percentage points from a decade earlier.

This is unambiguously good, as more workers equals a bigger economy. The reason it’s perplexing is that many ...Read more