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Joe Amon/The Denver Post/TNS

New coalition forms to keep Colorado an aerospace, defense leader

Business / Business News /

The decision to move U.S. Space Command out of Colorado was a red flag for business leaders who have formed a new coalition to work on seeing that the state holds onto its edge in the aerospace and defense fields.

Led by the Colorado Chamber Foundation, the new organization wants to strengthen the state’s position as a national leader in the ...Read more

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Roblox to scan users' faces to verify age amid persistent child safety concerns

Business / Business News /

Roblox, a popular gaming platform that's faced growing scrutiny over child safety concerns, said Tuesday it will require users to verify their age if they want to chat with other players.

To do so, people will provide an ID or take a selfie through the Roblox app to prove they're as young or old as they say they are. The verification feature ...Read more

Christian Gooden/St. Louis Post-Dispatch/TNS

In St. Louis, unions join forces to tackle 'shocking' rates of suicide for workers

Business / Business News /

ST. LOUIS — Among the 16 building trades in the St. Louis area, a network is forming to focus on the mental health of workers.

The increasingly critical effort aims to draw out a group with a reputation for being tough as nails — and tight-lipped about personal problems.

The motivation to join forces can be found in statistics. ...Read more

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Axalta hopes merger with global paint giant will boost sagging sales

Business / Business News /

Axalta, the Philadelphia-based automobile paint and coatings maker, is set to be acquired by AkzoNobel NV, the Netherlands-based maker of Dulux and other paint and coatings brands, in an all-stock deal worth $6 billion.

Both companies have plants in the Philadelphia area, among other locations worldwide.

Axalta’s headquarters and central ...Read more

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Google launches new Gemini AI model with interactive answers

Business / Business News /

Alphabet Inc.’s Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represents a “massive jump” in reasoning and coding ability.

The new model, Gemini 3, will be available immediately across all of Google’s major products, including search, and can answer questions with interactive ...Read more

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Meta wins FTC antitrust trial over Instagram, WhatsApp deals

Business / Business News /

Meta Platforms Inc. won a key lawsuit Tuesday after a federal judge ruled that the company’s acquisitions of the photo-sharing app Instagram and messaging service WhatsApp don’t violate U.S. antitrust law.

U.S. District Judge James Boasberg in Washington said the U.S. Federal Trade Commission failed to prove the deals allowed the tech giant...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

Here's what to expect at airports for Thanksgiving travel

Business / Business News /

The fallout from a week of sharp flight reductions nationwide has eased considerably, just in time for what is expected to be record air travel for Southern Californians flying for the upcoming Thanksgiving holiday.

While the vast majority of travelers will be driving to their destinations, airports and planes will still be crowded given the ...Read more

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Amazon's Zoox offers free robotaxi rides in San Francisco

Business / Business News /

Amazon-owned Zoox is offering free rides on its San Francisco fleet of boxy, driverless taxis.

The company said Tuesday it is providing the rides to people who download the Zoox app and join a waitlist. The sneak peek is part of a program in which riders provide feedback about the robotaxis before they become more widely available.

The preview...Read more

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Why is Kim Kardashian's Skims worth $5 billion?

Business / Business News /

Skims, an apparel company co-founded by celebrity businesswoman Kim Kardashian, is worth $5 billion after a recent fundraising round.

The brand, known for its sleek bras and tank tops and sculpting bodysuits, completed a $225 million capital raise last week led by Goldman Sachs Alternatives. It was one of the largest private raises for a ...Read more

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McDonald's is losing its low-income customers. Economists call it a symptom of the stark wealth divide

Business / Business News /

In the early 2000s, after a severe slump, McDonald's orchestrated a major turnaround, with the introduction of its Dollar Menu.

The menu, whose items all cost $1, illustrated just how important it was to market to low-income consumers — who value getting the most bang for their buck.

Coming at a time of flagging growth, tumbling stock and ...Read more

Alex Kormann/Minnesota Star Tribune/TNS

How a private-equity collapse sank a respected Minnesota remodeling company

Business / Business News /

The news came without warning. At 9:30 a.m., CEO Jacob Deems told Minnesota Rusco’s senior leaders that their parent company, Renovo Home Partners, was bankrupt — and that their own company was finished, leaving 130 employees out of work.

Sean Orr, Rusco’s chief financial officer, felt the air leave the room that morning two weeks ago.

...Read more

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Is mobile banking safe? How to actually protect your money

Business / Business News /

Mobile banking is how a majority of Americans manage their money. But it’s also a growing target for fraud. The good news: when done right, it can actually be safer than swiping your debit card at a store.

Here’s what experts say about how to keep your money — and your data — safe, plus how to choose banks that prioritize your security....Read more

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AI risks leaving 25% of new college grads jobless, senator says

Business / Business News /

Democratic Sen. Mark Warner predicted rapidly advancing artificial intelligence threatens to drive up the unemployment rate of recent college graduates to as much as 25% within the next two to three years.

Warner warned the economic frustration of so many jobless young workers and families that have footed the cost of higher education will fuel...Read more

Amazon Autos adds Ford certified pre-owned vehicles to platform

Business / Business News /

Ford Motor Co. has partnered with Amazon.com Inc. to have participating dealers sell used vehicles on the e-commerce giant's platform.

Customers in Los Angeles, Seattle and Dallas looking to buy their next used vehicle online now can browse, finance, purchase and schedule pick-up of Ford Blue Advantage certified pre-owned models available from ...Read more

Robin Buckson/The Detroit News/TNS

Ford's new Dearborn world headquarters to help the automaker operate differently

Business / Business News /

DEARBORN, Michigan — Hundreds of visitors on Sunday braved chilly temperatures to get the public's first view of Ford Motor Co.'s new world headquarters, which aims to help the company compete for talent and technology leadership in a rapidly changing global auto industry.

Dubbed “the Hub,” the glass-faced building anchors a campus that ...Read more

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In the wake of surprise federal THC ban, Minnesota breweries and beverage producers face an unknown future

Business / Business News /

Minnesota beverage manufacturers and retailers are sounding the alarm over legislation passed by Congress this week that they say would effectively shut down the state’s thriving THC beverage and edible market.

A provision tucked into the bill that ended the lengthy federal government shutdown would ban products containing more than 0.4 ...Read more

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DoorDash to pay $18M to settle Chicago lawsuit over alleged deceptive pandemic business practices

Business / Business News /

The city of Chicago announced an $18 million settlement Friday in its four-year-old lawsuit against DoorDash alleging the food delivery service engaged in deceptive business practices during the pandemic — at the expense of customers, restaurants and drivers.

The August 2021 lawsuit filed in Cook County Circuit Court alleged DoorDash ...Read more

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Suit claims Costco's Kirkland tequilas are mixed with low-grade booze

Business / Business News /

As shoppers stock their liquor cabinets for the holidays, a new lawsuit alleges that some of Costco's Kirkland-brand tequilas aren't as premium as their labels might suggest.

Some Kirkland tequila brands that claim to contain only alcohol distilled from the blue agave plant actually include other, lesser-quality alcohols, according to a suit ...Read more

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Disney settles dispute with YouTube TV, allowing ABC and ESPN to return to channel lineups

Business / Business News /

ESPN football is returning to YouTube TV after the service and The Walt Disney Co. settled their contentious contract dispute — ending the 15-day blackout of Disney channels.

The Disney-owned channels and ABC station signals were being restored for YouTube TV's 10 million customers, the companies announced late Friday. The breakthrough came ...Read more

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Purdue Pharma gets court nod for bankruptcy exit, Sackler deal

Business / Business News /

Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners.

Judge Sean H. Lane said he will sign off on Purdue’s Chapter 11 plan during a hearing Friday in the U.S. Bankruptcy Court for the ...Read more