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Dania Maxwell/Los Angeles Times/TNS

Disney plans extensive round of layoffs in the coming weeks

Business / Business News /

Walt Disney Co. is planning an extensive round of layoffs in the coming weeks, according to a source familiar with the matter but unauthorized to comment.

The move comes nearly three months after Disney unveiled a more streamlined management structure that sought to centralize its sprawling marketing operations.

Disney declined to comment.

...Read more

Dreamstime/Dreamstime/TNS

Lawsuit claims listeria-infected sprouts grown in Wisconsin killed unborn child

Business / Business News /

A Minnesota woman’s unborn baby died after she ate sprouts contaminated with listeria grown at Wisconsin’s Jack & the Green Sprouts farm, a lawsuit filed in federal court says.

A lawyer for the farm denies the woman’s allegation. The farm no longer appears to be operating. The woman, Kate Bozic, and her husband are seeking an unspecified ...Read more

Steph Chambers/Getty Images North America/TNS

DOJ sets sights on NFL's media rights deals

Business / Business News /

The Department of Justice is investigating the NFL's media deals with streaming companies as more of its games go behind subscription pay walls.

The investigation first reported by the Wall Street Journal centers on the financial impact of live sports streaming on consumers and whether the league's traditional broadcast partners are getting ...Read more

Gina Ferazzi/Los Angeles Times/TNS

'It's killing everything.' California's truckers are buckling under country's priciest diesel

Business / Business News /

Record diesel prices are crushing California's truckers, forcing them to adjust to avoid losses as they grapple with the most expensive pump prices in the country.

Greg Dubuque's 40 drivers are in a constant diesel-devouring loop. Their big rigs pick up loads of electronics, office furniture and other goods around Los Angeles. They drive close ...Read more

Brian Cassella/Chicago Tribune/TNS

Fooda launches marketing campaign to make return-to-office mandates more appetizing

Business / Business News /

Chicago-based Fooda, which introduced its pop-up lunch service at downtown office buildings 15 years ago, launched its first outdoor marketing campaign this week in an effort to boost its brand in the post-pandemic hybrid work landscape.

The campaign is centered at Ogilvie Transportation Center, with a presence at CTA stations and Divvy bike ...Read more

Dean Musgrove/Los Angeles Daily News/TNS

Does a new report offer a way out of California's home insurance crisis?

Business / Business News /

As insurers hike rates and cancel policies for thousands of homeowners across California, a new state report has proposed a series of reforms to prevent the property insurance market from cratering amid increasingly catastrophic wildfires — but some consumer advocates say it doesn’t go far enough.

The report, released this week, is the ...Read more

Dreamstime/Dreamstime/TNS

Meta, Oracle and Qualcomm share details on layoffs across California

Business / Business News /

Tech behemoths, including Oracle and Meta Platforms, are laying off hundreds of California workers as they invest heavily in artificial intelligence.

Some of the top companies in tech that already had announced big plans to lay off thousands have revealed more details about where they are cutting in recent government filings.

Software giant ...Read more

Real estate Q&A: Can HOA suddenly fine me for parking my work pickup truck in my driveway?

Business / Business News /

Q: I drive a pickup truck for work. It has my company’s logo on the side, and I’ve always parked it in my driveway. Last week, I got a letter from my HOA saying I’m violating the rules by parking a “commercial vehicle” in my driveway and threatening to fine me if I don’t move it. This is the only vehicle I own. Where am I supposed to...Read more

Nhat V. Meyer/Bay Area News Group/TNS

Silicon Valley is booming. So why does the system feel like it's breaking?

Business / Business News /

Silicon Valley remains the global center of technological innovation, drawing billions in investment, producing breakthrough technologies and powering the artificial intelligence boom.

But beneath that dominance, the conditions that have long sustained the region’s success — a steady influx of workers, accessible pathways into the economy ...Read more

Justin Sullivan/Getty Images North America/TNS

AI boom catapults San Francisco median home price above $2 million

Business / Business News /

The artificial intelligence boom has driven up San Francisco's median home sales price to a record $2.15 million.

Real estate brokerage firm Compass said that recent transactions showed that some parts of the tech capital have emerged from its doom loop on the back of the surge in AI investment and hiring.

"The economic changes created by the ...Read more

Alex Wong/Getty Images North America/TNS

Michael Hiltzik: This pharma company makes a miracle HIV drug, but is blocking access for millions of low-income people

Business / Business News /

By most accounts, the HIV drug lenacapavir is so effective in preventing infection and treating HIV-positive patients that it could revolutionize the fight against AIDS.

"Lenacapavir could be transformative," says Peter Maybarduk, director of the access to medicines program at the nonprofit organization Public Citizen, "if people can get it."

...Read more

Brian van der Brug/Los Angeles Times/TNS

PG&E is overcharging Californians to keep Diablo Canyon open, report alleges

Business / Business News /

A report released Wednesday alleges that Pacific Gas & Electric is overcharging customers to run the Diablo Canyon Power Plant, the state’s only remaining nuclear power facility. Just last week, it received final clearance to operate through 2030.

Diablo Canyon was originally supposed to close in 2025, but lawmakers extended that deadline by ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Jury deliberating in Cook County case over Abbott Laboratories' formula for premature babies

Business / Business News /

Four babies born at Chicago-area hospitals developed a dangerous intestinal disease because they consumed a special formula for premature infants made by Abbott Laboratories, an attorney for the children’s mothers told a Cook County jury Wednesday, while a lawyer for Abbott argued that the formula did not cause the babies to fall ill.

...Read more

Robert Clark/AMC/TNS/TNS

As the cable business ebbs, AMC Networks takes a new name

Business / Business News /

AMC Networks, the cable home of “The Walking Dead” and adaptations of Anne Rice’s vampire novels, is getting a new name to reflect its shift to streaming and program production.

In a legal filing, the New York based company announced Wednesday it will be called AMC Global Media, effective immediately.

The company, which owns a suite of ...Read more

Maryland adds 4,500 jobs in January as federal losses continue

Business / Business News /

Maryland’s workforce grew modestly in January, adding a net 4,500 jobs as private-sector gains were partly offset by continued losses in federal employment, according to new estimates released by the U.S. Bureau of Labor Statistics.

The state added 10,100 private-sector jobs during the month, led by growth in health care, construction, and ...Read more

Henry Payne/The Detroit News/TNS

Why GM is sticking with EVs as rivals pivot to hybrids

Business / Business News /

Electric vehicle sales have been falling, and hybrids are gaining traction. As rival brands jump on the hybrid bandwagon, why is General Motors Co. sticking with EVs?

The automaker is playing the long game, company leaders and industry analysts said. GM predicts EV sales — which peaked last year as buyers and lessees rushed to take advantage ...Read more

Brian Cassella/Chicago Tribune/TNS

Trump Tower couple alleges their intimate exchange was recorded in federal lawsuit: 'I felt very violated'

Business / Business News /

CHICAGO — Georgia Litle and her husband, Clint Litle, huddled in the bathroom of their lavish condo at Trump Tower and turned on the shower.

They hoped the running water would drown out their “highly personal and sexual” conversation last May after a neighbor complained about the noise. But what happened next crossed the line, the couple...Read more

Kayla Bartkowski/Los Angeles Times/TNS

Sony Pictures Entertainment to cut hundreds of film and TV jobs

Business / Business News /

Sony Pictures Entertainment plans to lay off a few hundred employees globally in a move to restructure its business.

The cuts, announced Tuesday afternoon, are set to affect employees who work across Sony's film, TV and corporate divisions the company said, declining to specify how many would lose their jobs.

Sony said the cuts reflect a shift...Read more

Mario Tama/Getty Images North America/TNS

Delta sees $2 Billion fuel hit with CEO cautious on outlook

Business / Business News /

Delta Air Lines Inc. expects to incur more than $2 billion in higher fuel costs through June because of the Iran war, prompting the carrier to tread carefully and stick to its previous full-year profit forecast.

“We’re not updating it in light of the uncertainty, so I think it’d be imprudent to make any estimate at this point,” Delta ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Evan Malone has been landlord, adviser, and investor to Philadelphia's digital innovators and creators

Business / Business News /

Evan Malone brought his Cornell University engineering Ph.D., masters in robotics, and University of Pennsylvania physics degree back to Philadelphia in 2008 to start the first iteration of NextFab, a pioneer in the “makerspace” movement that sought to democratize new digital tools for a vision of locally based manufacturing.

For-profit ...Read more