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Jose M. Osorio/Chicago Tribune/TNS

Volkswagen, Rivian eye selling EV technology to other carmakers

Business / Business News /

Volkswagen AG and Rivian Automotive Inc. have ambitions of selling the electric vehicle technology they’re developing together to other carmakers in the future.

The two companies’ joint venture, known as RV Tech, said it has made solid progress on delivering the EV electrical and software platform that Volkswagen needs to compete with Tesla...Read more

Katy Kildee/The Detroit News/TNS

Crain Communications cuts staff across publications

Business / Business News /

Detroit-based Crain Communications Inc. cut staff across much of its group of industry and city-focused publications late last week, including a half dozen from its Automotive News editorial team.

Publications hit by the cuts included those that cover business issues in cities, such as Crain's Detroit Business and Crain's New York Business, as ...Read more

Jemal Countess/Getty Images North America/TNS

Jury awards $35.8 million to family of 737 Max crash victim

Business / Business News /

Boeing must pay $35.8 million to the family of Shikha Garg, one of the 157 people killed when a 737 MAX crashed in Ethiopia more than six years ago, a Chicago jury ruled Wednesday

The jury verdict is the first reached in a slew of lawsuits filed against Boeing after two deadly MAX crashes in 2018 and 2019. Those who lost loved ones accused ...Read more

Anna Moneymaker/Pool/Abaca Press/TNS

Sen. Murray urges Starbucks to reach a union contract as strike looms

Business / Business News /

Sen. Patty Murray has stepped into the melee between Starbucks and its unionized workers to push for the resumption of contract negotiations ahead of a strike planned at some stores for Thursday.

Murray urged Brian Niccol, CEO of the Seattle-based coffee giant, Wednesday to return to the table to negotiate in good faith" with Starbucks Workers ...Read more

Walt Disney Pictures/Entertainment Pictures/ZUMA Press/TNS

Morgan & Morgan drops 'Steamboat Willie' lawsuit against Disney

Business / Business News /

Morgan & Morgan dropped a lawsuit against Disney on Wednesday that asked a judge to rule the law firm could use an adaptation of the nearly century-old “Steamboat Willie” cartoon in one of its ads.

The Orlando-based personal injury firm asked a federal court to dismiss the suit without prejudice, meaning another legal action could be filed ...Read more

Allen J. Schaben/Los Angeles Times/TNS

In historic vote, LA caps rent increases for rent-stabilized apartments at 4%

Business / Business News /

Los Angeles strengthened its rent stabilization law for the first time in 40 years Wednesday, setting a 4% ceiling on annual rent increases for a massive portion of the city’s housing stock.

The historic vote by the L.A. City Council will help set rents for decades to come for tenants who live in units built before 1978 — nearly half of the...Read more

Dreamstime/Dreamstime/TNS

Tariffs expected to raise prices for Christmas trees, other holiday decorations

Business / Business News /

Tariffs are expected to raise the price of Christmas trees and other decorations this holiday season.

Since these products are not typically mass produced in the U.S., the cost of an artificial tree is estimated to be 10% to 20% higher than last year, with lights costing as much as 63% more than in 2024, according to NBC News.

Ornaments from ...Read more

Elizabeth Flores/The Minnesota Star Tribune/TNS

SkyWater Technology, now one of biggest US chip foundries, switches growth focus to new tech

Business / Business News /

SkyWater Technology is set to hit the $600 million mark in revenue next year as it takes advantage of incentives to reshore semiconductor manufacturing and the growth of a new type of computing technology.

Next year, the Bloomington, Minnesota-based company is poised to grow revenue around 40% from the midpoint of its expected 2025 revenue ...Read more

Craig Kohlruss/Fresno Bee/TNS

Private partnership for High-Speed Rail in California? CEO says it's coming next year

Business / Business News /

The head of the California High-Speed Rail Authority says the state’s $20 billion guarantee could secure the agency a first-ever partnership with private investors by mid-2026.

It’s a move that could speed construction and reduce reliance on taxpayer dollars but might also require changes to a California law that mandates first building the...Read more

Ken Lambert/The Seattle Times/TNS

As the crypto art market cools, Seattle's NFT museum in limbo

Business / Business News /

Like the volatile, hype-prone digital art market it briefly celebrated, the Seattle NFT Museum sometimes struggled to be taken seriously.

Billed as the world’s first museum for NFTs, or non-fungible tokens," it opened in Seattle in 2022, when the NFT market was on fire and celebrities were paying fortunes for art that lived on cryptocurrency ...Read more

NETFLIX/TNS

Netflix wants to build a home for its fans -- at the mall

Business / Business News /

After years of telling consumers to Netflix and chill, the streaming giant now wants you to get out of the living room and visit them at the local shopping mall.

The company that upended the television landscape unveils its first entry into the “experiential” business this week, where consumers can wander through interactive game rooms and ...Read more

Natrice Miller/The Atlanta Journal-Constitution/TNS

President of Atlanta Fed Raphael Bostic announces retirement

Business / Business News /

Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, announced Wednesday he intends to retire from his position when his term ends in February.

Bostic has served in the role since 2017, and is the first Black and openly gay chief executive of a regional Fed bank. The Atlanta Fed, located in Midtown, is one of 12 regional ...Read more

George Frey/Getty Images North America/TNS

Coca-Cola sells its stake in another major bottler. This one is in the US

Business / Business News /

Weeks after announcing it will sell a majority stake in its biggest bottler in Africa, Coca-Cola has sold its holdings in a major domestic bottling partner.

Coca-Cola last week said it sold its minority stake in its largest U.S. bottler, a deal valued at about $2.4 billion.

The Atlanta beverage company on Nov. 7 said its subsidiary sold all ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Los Angeles may cap rent increases for rent-stabilized apartments at 3%. Landlords cry foul

Business / Business News /

Valerie Valentine bought a triplex in South Los Angeles two weeks ago, and already she wonders whether she made a terrible investment.

Bills are immediately adding up for the small-time landlord, from $1,000 to get the water turned on to $6,000 in annual property taxes. She worries that the amount she collects in rent will not be enough to ...Read more

Dai Sugano/Bay Area News Group/TNS

In US first, pioneering robotaxi company Waymo will take to freeways

Business / Business News /

In a first for the U.S., Waymo on Nov. 12 will start offering driverless robot-taxi rides on freeways in the Bay Area, along with Los Angeles and Phoenix.

The pioneering Google spinoff will also expand service down the Peninsula all the way into San Jose, and serve riders to and from Mineta San Jose International Airport, creating broad new ...Read more

Scott Olson/Getty Images North America/TNS

China's purchases of US soybeans stall despite trade truce

Business / Business News /

China’s purchases of American soybeans appear to have stalled, less than two weeks after the U.S. touted a wide-ranging trade truce that signaled thawing relations between the world’s two biggest economies.

After a flurry of orders late last month — which were the first of this season — Chinese imports of U.S. cargoes seem to have ...Read more

Dreamstime/Dreamstime/TNS

Google accused in suit of using Gemini AI tool to snoop on users

Business / Business News /

Google was accused in a lawsuit of using its Gemini AI assistant to unlawfully track the private communications of users of its Gmail, instant messaging and videoconference programs.

In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “...Read more

Dangbei/Dangbei/TNS

Tech review: Dangbei MP1 Max brings 4K clarity to your home theater or backyard movie night

Business / Business News /

I really wish I had room in my house for a proper home theater, but my wife and I live in a smallish place without an open expanse of wall to put up a big screen.

So if I want to use a projector for movie nights or to watch a big game, I have to pull out a portable screen and set up a projector.

Lately I’ve been testing out a very bright and...Read more

File/Las Vegas Review-Journal/TNS

Teamsters OK strike at off-Strip casino

Business / Business News /

LAS VEGAS — Workers at an off-Strip hotel-casino could be heading toward a strike after two years of failed contract negotiations.

Members of Teamsters Local 986 at Rio voted to authorize a strike over unfair labor practices, according to a Monday night press release. The vote follows nearly two years of stalled negotiations with Dreamscape, ...Read more

Richard Tsong-Taatarii/Star Tribune/TNS

Target, other retailers slash prices on milk, eggs and butter as shoppers tighten budgets

Business / Business News /

Target said Tuesday that it will cut prices on 3,000 food, beverage and household essentials, joining retailers across the nation lowering prices on milk, eggs and butter ahead of the holiday season.

Cub Foods has reduced prices by about 40% on more than 30 grocery items, including bread and rotisserie chicken.

The moves come as millions of ...Read more