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David Joles/Star Tribune/TNS

Incoming CEO is writing Target's next chapter, including largest store overhaul in a decade

Business / Business News /

Brian Cornell opened Target’s earnings call last week by listing his accomplishments as CEO and taking responsibility for the company’s current woes.

Then, in a pass-the-baton moment, he turned the mic over to his successor, company veteran Michael Fiddelke, who laid out the early details of his turnaround plan: an extra $1 billion to ...Read more

FREDERIC J. BROWN/AFP/Getty Images North America/TNS

A ride-hail driver crashed on a SoCal freeway. D.A. says they were set up by their passengers

Business / Business News /

A car crash on a Southern California freeway last year was a staged wreck to scam a ride-hail driver's insurance company, authorities said Monday.

On Nov. 23, 2024, a group of suspects ordered a ride-hail car that took them onto the 215 Freeway in San Bernardino, where John Murillo, 37, was driving another vehicle and intentionally collided ...Read more

Tom Williams/CQ Roll Call/ZUMA Press/TNS

Small firms reeling after US Transportation Department guts diversity subcontractor program

Business / Business News /

President Donald Trump’s rollback of diversity programs has now hit a longtime mainstay of projects that use U.S. Department of Transportation funds.

The more than 1,300 Minnesota small businesses owned by women, people with disabilities or people of color who, until last month certified under the federal Disadvantaged Business Enterprise (...Read more

Mike Stocker/South Florida Sun Sentinel/TNS

Are lower insurance rates reducing Florida homeowners' costs? We shopped four policies to find out

Business / Business News /

Are lower home insurance rates leading to cost reductions for Florida homeowners?

After insurance leaders in Florida spent the last year touting the revival of a healthy insurance market, the South Florida Sun Sentinel decided to find out whether policyholders have been affected in the only way most of us care about: Can we insure our homes for...Read more

Stephen Osman/Los Angeles Times/TNS

Giant landlord settles with California for colluding on rents in LA and elsewhere

Business / Business News /

Greystar, which manages dozens of apartment complexes in Southern California, has settled a lawsuit that alleges the property giant and other landlords colluded to keep rents artificially high.

The national apartment landlord and manager was a defendant in an ongoing suit filed last year by the U.S. Department of Justice that focuses on ...Read more

Christina House/Los Angeles Times/TNS

Skechers investors say they were forced to take a bad deal when the company went private

Business / Business News /

Skechers investors are suing company executives and Skechers owner 3G Capital over what they say was an unfair sale price in an acquisition earlier this year.

3G Capital took the Manhattan Beach-based sneaker company private in a $9.4 billion deal that closed in September and reflected a share price of $63 per share.

In a class action ...Read more

Antonio Perez/Chicago Tribune/TNS

Celebrity video site Cameo gets temporary restraining order against OpenAI

Business / Business News /

A California federal judge issued a temporary restraining order Friday blocking OpenAI from using the word “Cameo” in connection with its Sora AI-generated video products.

Chicago-based Cameo, the celebrity video messaging website, filed a trademark infringement lawsuit last month alleging the recent rollout of OpenAI’s “Cameo” ...Read more

Jane Tyska/Bay Area News Group/TNS

SNAP food benefits have resumed, but new work requirements could push millions off assistance in California

Business / Business News /

Food banks are scrambling to keep up with a continued surge in demand as Bay Area families are still recovering from lapses in federal food benefits triggered by the government shutdown.

The need could grow even greater as millions nationwide stand to lose benefits once new work requirements kick in next month. Grocery prices, meanwhile, are ...Read more

Christina House/Los Angeles Times/TNS

Americans are microdosing obesity drugs, driven by 'thin is in' marketing blitz

Business / Business News /

Weight-loss drugs are coming for a new kind of customer.

“You don’t need to be obese to start a GLP-1,” reads an ad from a telehealth startup, the words scrawled in icing on a cake. Another one features a slender woman excited to lose a little weight before her wedding. Yet another says patients can drop 17 pounds in two months by ...Read more

Dreamstime/Dreamstime/TNS

Mattel dipping toe into water parks, starting in Orlando

Business / Business News /

Toy-making giant Mattel Inc. is developing plans that could bring the first retractable-roof water park to Orlando, along with Barbie, Thomas the Tank and Hot Wheels theming.

Creative and operational work is underway, led by Orlando-based Martin Aquatic.

“It is an opportunity to play with one of the cornerstone brands in Americana,” said ...Read more

Dreamstime/Dreamstime/TNS

Visa finds even $200 billion can't resolve battle with merchants

Business / Business News /

Nine years ago, the $5.7 billion sticker price to settle one of the biggest class-action lawsuits ever was rejected. Last year, it climbed to $30 billion, just to be thrown out again. Now, it’s north of $200 billion, and there’s growing doubt even that will be enough to end two decades of fighting.

Visa Inc. and Mastercard Inc. this month ...Read more

Justin Sullivan/Getty Images North America/TNS

Don't expect AI to disrupt Google's monopoly on search

Business / Business News /

In a recent episode of the podcast "Acquired," venture capitalists and hosts Ben Gilbert and David Rosenthal argued that the horrible roll-out of Google’s Bard AI chatbot in February 2023 — which led the company’s stock to drop 8% in a day — was a blessing in disguise. That’s because two years later, after a U.S. federal judge ruled ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Farmworkers sue Trump administration in California over threat to wages

Business / Business News /

The United Farm Workers, along with more than a dozen farmworkers, are suing the Trump administration in California over a new Labor Department rule they argue will "undercut and adversely affect" wages paid to U.S. workers.

Eighteen farmworkers across the nation, along with the United Farm Workers of America and the UFW Foundation, filed the ...Read more

Henry Payne/The Detroit News/TNS

'Best of the best': 2026 North American Car, Truck and Utility of Year finalists announced

Business / Business News /

And then there were nine.

The North American Car, Truck and Utility Vehicle of the Year awards unveiled the 2026 model year finalists Thursday with three contenders in each category. Finalists for Car of the Year are the Dodge Charger, Honda Prelude and Nissan Sentra. The Ford Maverick Lobo, Ram 1500 Hemi and Ram 2500 will fight it out for ...Read more

Alexander Tamargo/Getty Images North America/TNS

Former Google chief accused of spying on employees through account 'backdoor'

Business / Business News /

When Columbia University law and MBA student Michelle Ritter met former Google chief executive Eric Schmidt in 2020, she said she wanted to pitch a potential investment in a sports tech startup she had been developing.

That dinner blossomed into far more, a romance and business partnership in which she says the 70-year-old billionaire invested ...Read more

Justin Sullivan/Getty Images North America/TNS

Is there an AI bubble and has it started to burst?

Business / Business News /

The artificial intelligence boom seems unstoppable, but a growing number of investors and other observers worry it could be a bubble about to burst.

After skyrocketing more than 50% from April lows, the tech-heavy Nasdaq composite experienced a decline of close to 5% this month. Investors are concerned it could take longer than expected to see ...Read more

Dreamstime/Dreamstime/TNS

Econometer: Could a 50-year mortgage work?

Business / Business News /

President Donald Trump proposed 50-year mortgages recently as a solution to persistent affordability issues in the real estate market.

Critics of the plan said it would do little to resolve core problems in the housing market, such as lack of supply, and mean most borrowers would pay significantly more in interest over the life of the loan.

...Read more

Christina House/Los Angeles Times/TNS

LA's famous 'Hobbit Houses' have a new owner. He calls himself the 'King of Storybook'

Business / Business News /

In the architectural age of minimalism and millennial gray, a wild and whimsical antidote made of old clinker bricks and jumbled shingles sits on a quiet street at the edge of L.A. and Culver City.

Formally, the spellbinding property is named the Lawrence and Martha Joseph Residence and Apartments, named after the Disney artist and his wife who...Read more

Phil Speck/National Guard/Planet Pix via ZUMA Press Wire/TNS

Boeing MD-11 plane that crashed had 'fatigue cracks,' NTSB says

Business / Business News /

The Boeing MD-11 cargo plane that crashed in Louisville, Kentucky, earlier this month showed signs of “fatigue cracks” and “overstress failure” in a piece of the McDonnell Douglas-built plane that connects the engine to the wing, the National Transportation Safety Board said in a preliminary report Thursday.

The NTSB’s report does not...Read more

Karen Ducey/The Seattle Times/TNS

Seattle job market is past its 'golden age' for tech workers

Business / Business News /

Rhonda Gilligan didn’t want to retire.

Over decades, she built a formidable reputation in the tech industry bringing well-known brands online. Gilligan served in senior roles at big companies like IBM, Expedia and Microsoft. She worked at Disney, where she presented projects directly to Bob Iger, and at Amazon, where she presented to Jeff ...Read more