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

San Diego International Airport hires new CEO

Business / Business News /

SAN DIEGO — The San Diego County Regional Airport Authority concluded a monthslong nationwide search on Thursday by announcing the appointment of Atif Saeed as its next chief executive officer and president.

Saeed will take the reins on March 11, after serving as CEO at the Philadelphia Department of Aviation, where he has overseen operations...Read more

Shawn Inglima/New York Daily News/TNS

Hochul-Sherrill showdown over Port Authority leadership ends with compromise

Business / Business News /

The board of the Port Authority of New York and New Jersey voted Thursday to appoint a new executive director, as well as to revive a deputy director role — ending a gubernatorial stand-off that had kept port leadership in limbo.

Kathryn Garcia, a top aide to NY Gov. Hochul, was approved to lead the port, while Jean Roehrenbeck, a longtime ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

USW prepared to strike at BP refinery, leadership announces

Business / Business News /

The United Steelworkers Union announced on Thursday that its workers should prepare for a strike or lockout at the BP Whiting refinery.

USW 7-1 members authorized an initial financial transfer from its reserves into a strike and defense fund, according to a Thursday USW news release.

On Jan. 5, BP and the union started negotiations for a new ...Read more

Dreamstime/Dreamstime/TNS

Nevadans have a lot of credit card debt. How would a cap on interest rates impact that?

Business / Business News /

Nevada has one of the highest rates of credit card debt in the country, according to a new study as the issue takes center stage during an election year.

A new Wallet Hub study found that Nevada households have the 5th highest rate of credit card debt in the country with an average of $12,832 and the state has approximately $13.7 billion in ...Read more

Noah Berger/Getty Images North America/TNS

Amazon stock sinks as company projects $200B in spending this year

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Amazon plans to spend about $200 billion this year, mostly on artificial intelligence infrastructure, a forecast that sent its share price down as much as 10% in extended hours trading on Thursday.

The Seattle-based tech giant disclosed its plans to boost capital expenditures in an earnings report Thursday, which also showed mixed results for ...Read more

Real estate Q&A: My landlord is ignoring a damp spot on my wall. What should I do?

Business / Business News /

Q: In the apartment I rent, I recently noticed a damp spot on the wall near the ceiling. It was a little discolored, and I mentioned it to my landlord. Who thanked me but did nothing. The spot is now larger and changing color. I’m concerned about mold, and my landlord doesn’t seem to be taking any action. Is there anything I should be doing?...Read more

Paul Botes/AFP/Getty Images North America/TNS

Farm gear maker AGCO sees elusive rebound starting this year

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A long-awaited recovery in the farm sector appears to be in sight as AGCO Corp., one of the world’s biggest agriculture equipment makers, is predicting an increase in sales for the first time in three years.

The manufacturer of Massey Ferguson and Fendt tractors estimated 2026 net sales just above last year, according to a Thursday statement...Read more

Frederick Melo/Pioneer Press/TNS

Here's how to support small businesses in Twin Cities impacted by ICE surge

Business / Business News /

When the Latino Economic Development Center in St. Paul surveyed its members in January, it found 44 percent had temporarily closed. Fewer than 20% were operating normally, and 28% were open with limitations, such as shortened hours.

Some 40% of business owners said they would still be viable if they could count on outside support such as ...Read more

Presley Ann/Getty Images North America/TNS

Put down your headphones. Spotify wants you to pick up an actual book

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Following major expansions to Spotify’s podcast branch, the audio streamer is turning its attention to its audiobooks.

The Sweden-based audio platform said it is focused on bolstering online book discovery and physical ownership. In a release Thursday morning, the company announced a technology called Page Match, where readers can switch ...Read more

Alex Kormann/Star Tribune/TNS

Minneapolis businesses losing millions in sales each week as ICE operation continues

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MINNEAPOLIS — City and community leaders say the federal immigration crackdown in Minneapolis is causing an economic crisis.

With employees afraid to work and customers fearful, Minneapolis businesses are losing $10 million to $20 million in sales a week, with revenue down more than half in the two months since Operation Metro Surge began, ...Read more

Kayman Whaley, The Detroit News/The Detroit News/TNS

GM prepares for economic downturn: 'It's coming,' CFO says

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DETROIT — General Motors Co. is strategizing for an inevitable economic downturn by paring down dealer inventory and maintaining a cash safety net, Chief Financial Officer Paul Jacobson said Wednesday.

Jacobson's comments to a panel of auto insiders at the Chicago Federal Reserve Bank's Detroit branch provide insight into industry leaders' ...Read more

PATRICK T. FALLON/AFP/Getty Images North America/TNS

California job losses slow in January as cuts surge nationwide

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Job cuts surged nationwide in January following large layoffs, but California's losses slowed after a year in which it led the nation in staff reductions.

U.S. employers announced 108,435 cuts in January, more than twice the 49,795 during the same month last year — and triple the 35,553 announced in December, according to outplacement firm ...Read more

Ken Lambert/The Seattle Times/TNS

REI union workers reject contract proposal

Business / Business News /

Workers at 11 REI stores, including one in Bellingham, rejected a proposed union contract Thursday.

Despite years of fighting to ratify a contract, almost 99% of unionized workers at the Issaquah-based co-op voted to reject a proposal this week, according to a joint news release by REI and the unions on Thursday.

The outdoor gear retailer ...Read more

Ken Lambert/The Seattle Times/TNS

Seattle's Eddie Bauer likely to shutter stores amid bankruptcy reports

Business / Business News /

SEATTLE — In another hit to the brick-and-mortar retail scene in the U.S., Eddie Bauer's store operator is expected to file for bankruptcy and shutter its locations throughout North America, according to media reports.

Texas-based Catalyst Brands, which operates Eddie Bauer's physical stores, and its legal representation, Kirkland & Ellis, ...Read more

Mads Claus Rasmussen/Ritzau Scanpix/AFP/Getty Images North America/TNS

Novo's launch of weight-loss pill spoiled by Hims' copycat

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Not even two days after Novo Nordisk A/S pinned its comeback hopes on a new weight-loss pill that’s off to a strong start, a knock-off version is already on the market that the Danish drugmaker says is illegal.

Novo’s shares plunged on Thursday after telehealth firm Hims & Hers Health Inc. launched a cheaper copycat version of its Wegovy ...Read more

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

'Rental market is largely frozen': San Diego rent prices fall in national rankings

Business / Business News /

San Diego’s status as one of the nation’s most expensive rental markets is on shaky ground.

The median rent for a San Diego County one-bedroom apartment was $2,220 a month in January, down 5.5% in a year, said Zumper’s national rent report. That ranks San Diego metro at No. 9 in the real estate website’s priciest markets — down from ...Read more

Renee C. Byer/The Sacramento Bee/TNS

Sacramento is doubling down on tiny homes. Is it a bold move or a misguided one?

Business / Business News /

Sheleko Maynard was riding on a bus, worried about the possibility of spending another year living alone outside in a tent when she got a call: She had been accepted into a tiny home community in Sacramento and could move in the next day.

That was about a year ago. The 75-square-foot dwelling gave her a heater, a bed to herself and a desk she ...Read more

Matyas Rehak/Dreamstime/TNS

China ramps up energy boom flagged by Musk as key to AI race

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New data on China’s relentless energy installations underscore warnings from Elon Musk and Jensen Huang that the nation’s world-beating power network will deliver a major advantage over the U.S. in the race to dominate artificial intelligence.

Since 2021, China has added more power capacity across all energy technologies than the U.S. has ...Read more

Liv Paggiarino/Las Vegas Review-Journal/TNS

Will AI put me out of a job? How artificial intelligence is being used in casino gaming

Business / Business News /

Will artificial intelligence put me out of a job?

That’s the lingering fear some employees in the gaming industry are contemplating as rapidly evolving technology is deployed in workplaces across the globe, including in casino environments.

On the surface, the use of data, algorithms and computational power simulating cognitive functions ...Read more

Katy Kildee/The Detroit News/TNS

Some big chains may see a dip, but good pizza rules in Metro Detroit

Business / Business News /

Not even a week into the new year, the Wall Street Journal was touting some ominous news.

"America is falling out of love with pizza," reads a Jan. 4 headline.

It's just not true — at least not in Metro Detroit — says local operators of pizza companies big and small. America may be less interested in huge national chains that favor ...Read more