Business

/

ArcaMax

John Leyba/The Denver Post/TNS

John Malone stepping down as chairman of Colorado-based Liberty Media and Liberty Global

Business / Business News /

John Malone, who built a cable and media empire over more than five decades, will step down as chairman of Liberty Media Corp. and Liberty Global at the start of next year, according to announcements from the two companies.

Malone, 84, will become chairman emeritus at Liberty Media, based in Douglas County, and advise management and the board ...Read more

Sajjad Hussain/AFP/Getty Images North America/TNS

Microsoft delivers another blockbuster quarter amid AI bubble fears

Business / Business News /

Microsoft beat Wall Street expectations on Wednesday, delivering financial results that shows steady demand for its cloud computing and artificial intelligence platforms.

The Redmond-based software maker reported almost $77.7 billion in revenue for its first fiscal quarter of 2026, which ran from July through September. On top of that, the ...Read more

Alaska Airlines' websites go down, again

Business / Business News /

The Microsoft Azure outage knocked out some of Alaska Airlines' systems Wednesday, including its website and mobile app, preventing some passengers from checking in to flights.

The Azure issue comes just a week after Alaska experienced its own IT outage. On Thursday, a failure at Alaska's primary data center led to an eight-hour ground stop, ...Read more

Kevin Dietsch/Getty Images North America/TNS

Starbucks touts 'turnaround' with revenue jump despite profit plunge

Business / Business News /

Starbucks touted a turnaround" at the company after reporting a rise in revenue — tempered by a major fall in profit — in its latest quarterly earnings released Wednesday.

In the fourth quarter, the Seattle-based coffee giant raked in $9.6 billion in consolidated net revenues, which beat analyst predictions. It's a 5.5% increase from the ...Read more

Antonio Perez/Chicago Tribune/TNS

Cameo sues OpenAI for trademark infringement over new AI-generated celebrity video app

Business / Business News /

Cameo, the Chicago-based celebrity video messaging website, has become the latest company to sue OpenAI, alleging trademark infringement for the technology giant’s new service that makes AI-generated celebrity videos under the same Cameo name.

The lawsuit, filed Tuesday in a California federal court, said the recent rollout of the “Cameo”...Read more

Robin Buckson/The Detroit News/TNS

VW workers vote to authorize strike at Tennessee plant

Business / Business News /

Workers at a Volkswagen AG plant in Tennessee voted to authorize a strike after more than a year of negotiations has failed to yield an agreement, the United Auto Workers said Wednesday evening.

In April 2024, workers at the Chattanooga Assembly Plant voted 73% in favor of joining the Detroit-based union — the first foreign-owned plant in the...Read more

Nick Wagner/The Seattle Times/TNS

Boeing turns cash flow positive, but delays 777X with $4.9 billion charge

Business / Business News /

For the first quarter since a midair blowout in January 2024, Boeing generated more cash than it spent, marking a significant financial milestone on its path to recovery.

But the aerospace manufacturer is still struggling with long-delayed airplane programs, including two Max variants and its 777X family.

On Wednesday, Boeing said it took a $4...Read more

Brian van der Brug/Los Angeles Times/TNS

Paramount lays off 1,000 workers in first round of cuts

Business / Business News /

Paramount on Wednesday began cutting about 1,000 employees, the first wave of a deep staff reduction planned since David Ellison took the helm of the entertainment company in August.

Ellison announced the layoffs in an early morning email to his staff, saying the long-anticipated move was aimed at “building a strong foundation for the future....Read more

Renée Jones Schneider/The Minnesota Star Tribune/TNS

Minnesota soybean farmers fear lasting scars from Trump's trade war with China

Business / Business News /

TRACY, Minnesota — Months into a trade war with China, steel grain bins across rural Minnesota sit plump with soybeans without a market, and farmers are nervously eyeing balance sheets.

On Wednesday, news broke across an ocean that, ahead of a planned meeting between President Donald Trump and China’s president, Xi Jinping, China had ...Read more

Dreamstime/Dreamstime/TNS

Leading AI company to ban kids from long chats with its bots amid growing concern about the technology

Business / Business News /

Character.AI, a platform for creating and chatting with artificial intelligence chatbots, plans to start blocking minors from having "open-ended" conversations with its virtual characters.

The major change comes as the Menlo Park, Calif., company and other AI leaders face more scrutiny from parents, child safety groups and politicians about ...Read more

Christian Gooden/St. Louis Post-Dispatch/TNS

Boeing says it is increasing push for replacements amid St. Louis strike

Business / Business News /

ST. LOUIS — Boeing is accelerating its efforts to hire replacement workers, a push that will likely displace some striking workers, a company executive said Tuesday.

Steve Parker, president and CEO of Boeing's defense, space and security division, said the company is expanding third-party support for certain jobs and "assessing opportunities ...Read more

Fiat Chrysler Automobiles/Fiat Chrysler Automobiles/TNS

Stellantis partners with Nvidia, Uber and Foxconn to work on robotaxis

Business / Business News /

Stellantis NV said Tuesday it plans to work with tech heavyweights Nvidia Corp., Uber Technologies Inc. and Foxconn as it seeks a foothold in the robotaxi business.

The automaker said it signed a non-binding memorandum of understanding with the three companies and wants to "explore the joint development" of autonomous vehicles for robotaxis.

...Read more

Billy Tompkins/ZUMA Press Wire/TNS

Sora app's hyperreal AI videos ignite online trust crisis as downloads surge

Business / Business News /

Scrolling through the Sora app can feel a bit like entering a real-life multiverse.

Michael Jackson performs standup; the alien from the “Predator” movies flips burgers at McDonald’s; a home security camera captures a moose crashing through the glass door; Queen Elizabeth dives from the top of a table at a pub.

Such improbable realities,...Read more

Daniel Mears/The Detroit News/TNS

This rule was poised to speed the EV shift -- until court killed it

Business / Business News /

WASHINGTON — Amid a teardown of auto industry environmental rules, Trump administration allies quietly won another victory when a federal court voided an obscure but, at one point, hugely consequential Biden-era rule on electric vehicles.

A panel of judges for the 8th Circuit Court of Appeals in St. Louis nullified a March 2024 change to "...Read more

Kimberly P. Mitchell/Detroit Free Press/TNS

GM to cut 1,200 jobs at Detroit EV plant, hundreds more at Tennessee, Ohio battery sites

Business / Business News /

About 1,200 workers at General Motors Co.'s Detroit-area all-electric plant will be laid off as the company downsizes to a single shift in response to the slowing U.S. electric vehicle market.

The company also will cut 550 jobs at its joint-venture Ultium Cells battery cell plant in Ohio, with another 850 slated for temporary layoff. The Ultium...Read more

Eufy/Eufy/TNS

Tech review: New Eufy smart lock is a palm reader

Business / Business News /

It was Arthur C. Clark who said, “Any sufficiently advanced technology is indistinguishable from magic.”

I think about that saying whenever I run across a gadget that really impresses me with a particular feature.

For the last month or so, I’ve been testing the Eufy FamiLock S3 Max smart lock for my front door. The Familock S3 Max ($399....Read more

Josh Edelson/AFP/Getty Images North America/TNS

Meta, Applied Materials reveal plans for Bay Area layoffs

Business / Business News /

Meta Platforms and Applied Materials disclosed plans to chop well over 600 combined Bay Area jobs, according to WARN letters sent to the state Employment Development Department.

Facebook owner Meta revealed its intentions to cut at least 308 jobs in Menlo Park, according to the WARN notice. Meta had previously warned it was planning new rounds ...Read more

Mohamed Ahmed Soliman/Dreamstime/TNS

ADP rolls out weekly US payrolls after halting data to Fed

Business / Business News /

ADP Research will now be releasing U.S. payroll data on a weekly basis, in addition to its monthly report, to provide high-frequency insights into the labor market.

The figures, which are a four-week moving average of the latest total private employment change, will be released on Tuesdays at 8:15 a.m. New York time. ADP estimates payrolls ...Read more

Justin Sullivan/Getty Images North America/TNS

OpenAI gives Microsoft 27% stake, completes for-profit shift

Business / Business News /

OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and clearing the path for the ChatGPT maker to become a for-profit business.

Under the revised pact, Microsoft will get a stake in OpenAI worth about $...Read more

Dreamstime/Dreamstime/TNS

Atlanta air traffic controllers turning to DoorDash, Uber to make ends meet

Business / Business News /

Tuesday marks the first zero paycheck day for the nation’s air traffic controllers.

Members of the National Air Traffic Controllers Association union are distributing leaflets about the shutdown’s effects at nearly two dozen airports to raise awareness, including Atlanta.

Maximilian Crawford, a controller at the FAA’s air traffic control...Read more