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Myung J. Chun/Los Angeles Times/TNS

Warner Bros. Discovery reopens bidding, gives Paramount 7 days to make its case

Business / Business News /

LOS ANGELES — Warner Bros. Discovery is cracking open the door to allow spurned bidder, Paramount Skydance, to make its case that it should win the legendary entertainment company — the latest twist in the contentious, high-stakes auction.

Warner's decision to reopen talks comes after weeks of pressure from Paramount and its controlling ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

US, Nippon Steel to reline Gary Works blast furnace this year

Business / Business News /

U.S. Steel’s Gary Works facility, later this year, will receive its blast furnace reline through Nippon Steel’s investment into the American company.

Some Gary residents and activists are still opposed to the reline, saying they don’t believe it’s the best move environmentally.

The reline for blast furnace #14 will cost $350 million ...Read more

Robyn Beck/AFP/Getty Images North America/TNS

$7.25 billion settlement pitched in Bayer Roundup case. St. Louis court to review

Business / Business News /

ST. LOUIS — Agri-chemical giant Bayer has agreed to a proposed $7.25 billion class-action settlement, a big step toward resolving thousands of lawsuits claiming that exposure to the weedkiller Roundup caused non-Hodgkin lymphoma.

Tuesday's proposed settlement would pay people across the United States exposed to Roundup and diagnosed with the ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Graduate student workers at Penn reach a tentative agreement, avoiding a strike

Business / Business News /

Penn’s graduate student workers have reached a tentative agreement on a first union contract, averting a strike.

The two-year tentative agreement includes increases to wages among other benefits.

“I am so proud of what we were able to accomplish with this contract,” Clara Abbott, a Ph.D. candidate in literary studies and member of the ...Read more

Tampa Bay Times/Tampa Bay Times/ZUMA Press Wire/TNS

Despite warning signs, Pennsylvania failed to take action in massive fraud case

Business / Business News /

After weeks of investigating the inner workings of a giant investment company with ties to Pittsburgh, Toni Caiazzo Neff said she tried to do the right thing.

The former securities regulator had pored over the New York company's profit claims and mounting expenses.

She studied its purchases, including the acquisitions of car dealerships like ...Read more

Karen Ducey/The Seattle Times/TNS

Starbucks CEO makes 1,794 times his average employee. Here's why

Business / Business News /

When Michelle Eisen and her fellow baristas organized an upstart union at a Starbucks, she and others were frustrated by the messaging from the top.

It was late 2021 and Starbucks’ then-CEO Kevin Johnson was making the rounds in the media to discuss Starbucks’ stellar year amid the pandemic. The company reported that it ended its fiscal ...Read more

Pedro Portal/Miami Herald/TNS

Palantir is latest tech firm to move headquarters to Miami

Business / Business News /

Palantir Technologies Inc. said it’s moved its headquarters to Miami from Denver at a time when more tech firms are flocking to South Florida where local officials are promoting the region as an alternative to Silicon Valley.

The relocation announcement was made Tuesday in a brief statement on the social media platform X. A spokesperson for ...Read more

Investors snub the software dip, brace for deeper AI disruption

Business / Business News /

Investors are avoiding beaten-down software stocks, warning that the brutal selloff triggered by fears of displacement by artificial intelligence is likely only just beginning.

What’s quickly become known as the AI scare trade has ravaged major software names in the U.S. and Europe in recent weeks. Fund managers at the likes of Amundi SA and...Read more

Henry Payne/The Detroit News/TNS

Affordability angst: How automakers are courting price-shocked buyers

Business / Business News /

For 27-year-old Kenneth Slowik, an affordable vehicle is the 1998 Chevrolet GMT truck he bought last month for $900, complete with a broken driver-side door that he taped shut to keep out the cold during the frigid Michigan winter.

The truck runs, he said. That's about it.

"I was looking for something just to transport for work, for me and my ...Read more

Myung J. Chun/Los Angeles Times/TNS

Warner Bros. Discovery reopens bidding, gives Paramount seven days to make its case

Business / Business News /

LOS ANGELES — Warner Bros. Discovery is cracking open the door to allow spurned bidder, Paramount Skydance, to make its case — but Warner's board still maintains its preference for Netflix's competing proposal.

Warner's move to reopen talks comes after weeks of pressure from Paramount, which submitted an enhanced offer to buy Warner last ...Read more

Erika Schultz/The Seattle Times/TNS

WA small businesses struggle to keep up with health insurance hikes

Business / Business News /

Every year, Kris Bullinger braces herself for insurance sticker shock.

Bullinger is a co-owner of Olympic Truck Service, a diesel repair shop in Tumwater, Washington. Health coverage for the company’s 17 employees has long been one of her fastest rising and most unpredictable expenses.

The same coverage costs more every year," she said.

...Read more

Feds to offer 14 oil and gas leases in Nevada

Business / Business News /

The Bureau of Land Management has opened a public comment period for 14 oil and gas leases in the Elko District in the northeastern part of Nevada.

The potential leases encompass approximately 20,600 acres which could be potentially included in a lease sale this September. The public comment period will end March 11.

“Leasing is the first ...Read more

Alex Wong/Getty Images North America/TNS

Tracking Trump's affordability proposals: How his policies could affect your wallet

Business / Business News /

President Donald Trump and his administration have made a lot of big promises to improve affordability since taking office. Those promises have ramped up as consumers increasingly feel pinched by the U.S. economy, from sticky inflation and a stagnant job market to high interest rates. The macroeconomic data broadly suggests that the economy is ...Read more

Shae Hammond/Bay Area News Group/TNS

Was Super Bowl LX an economic boon for the Bay Area?

Business / Business News /

SAN JOSE, California — On Saturday night before Super Bowl LX, crowds of football fans packed The Brit Sports Pub & Patio in downtown San Jose, overflowing to the sidewalk until the early hours of the morning.

“This is the time to make money,” said bar owner Jasbir Singh, who saw business jump 250% above normal last weekend.

Across the ...Read more

Breana Noble, The Detroit News/The Detroit News/TNS

Ford's 'refined' EV plans seek Model e profitability: Here's how

Business / Business News /

Ford Motor Co.'s Model e electric vehicle division has lost billions of dollars for years, but executives say it'll exit the red by 2029.

Expensive batteries and capital investments for new plants have challenged margins for the division. Unlocking its value is a key part of the company's goal of achieving an 8% adjusted operating margin by ...Read more

Robin Buckson, The Detroit News/The Detroit News/TNS

Michigan experts warn of worsened air quality after Trump climate move

Business / Business News /

WASHINGTON — Experts warn air quality will worsen because of the Trump administration's repeal of the legal basis for federal climate rules, despite a top federal regulator saying the move "does not change regulations on traditional air pollutants and air toxics."

U.S. Environmental Protection Agency head Lee Zeldin made that statement ...Read more

DANIEL SLIM/AFP/Getty Images North America/TNS

Pentagon is close to cutting ties with Anthropic, report says

Business / Business News /

Anthropic’s talks about extending a contract with the Pentagon are being held up over additional protections the artificial intelligence company wants to put on its Claude tool, a person familiar with the matter said.

Anthropic wants to put guardrails in place to stop Claude from being used for mass surveillance of Americans or to develop ...Read more

Maryland oyster industry reflects on low demand, challenging season

Business / Business News /

As the local oyster industry recovers from what they describe as one of the worst seasons in the state’s long history, many are reflecting on what factors have led to a staggering decrease in demand and sales.

The number of wild oysters collected by Maryland watermen has been on a steady decline for the past several years, dropping almost 400...Read more

Patrick T. Fallon/AFP/Getty Images North America/TNS

Parents who blame Snapchat for their children's deaths protest outside company's headquarters

Business / Business News /

Standing in front of Snap's Santa Monica offices, parents clutched onto photos of their children who died from taking fentanyl-laced pills facilitated through the disappearing messaging app Snapchat.

They rolled white paint onto the ground, spelling out the names of 108 children who died from alleged social media harms.

"Snapchat: Protect kids...Read more

Patrick T. Fallon/Getty Images of North America/TNS

Rivian finds a way to shine even as the EV market struggles in the dark

Business / Business News /

Rivian shocked the market with strong earnings results, proving itself an outlier in the electric vehicle market, which has been struggling with the end of government subsidies and cooling consumer excitement.

The shares of the Irvine-based high-end EV manufacturer skyrocketed 27% on Friday after it announced stronger-than-expected results, ...Read more