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Joe Cavaretta/South Florida Sun-Sentinel/TNS

Progressive reveals how it plans to distribute nearly $1 billion in refunds to Florida auto policyholders

Business / Business News /

Progressive’s auto insurance division recently announced that it will begin paying back about $950 million in excess profits taken in over the past three years from its policyholders in Florida.

The average credit would be about $300, Gov. Ron DeSantis said during a news conference on Oct. 22. “It might be a check. It might be a credit on ...Read more

Cagkan Sayin/Dreamstime/TNS

Risky business: 3 measures of risk that affect your portfolio

Business / Business News /

No risk, no return!

How many times have you heard that phrase or something similar?

It’s usually meant to encourage. A rallying cry for entrepreneurship, industry and capitalism, it also alludes to the inverse — that high risk translates into high return. But when it comes to investing, it isn’t quite so simple.

Risk vs. return in ...Read more

Myung J. Chun/Los Angeles Times/TNS

Meta opens flagship store in West Hollywood to showcase AI glasses, VR headsets

Business / Business News /

LOS ANGELES — Meta, the parent company of Facebook and Instagram, opened a new flagship store in Los Angeles where people can try out their smart glasses and virtual reality headsets while learning about local culture.

The two-story building called Meta Lab, located at 8600 Melrose Ave. in West Hollywood, spans more than 20,000 square feet ...Read more

Ford/Ford/TNS

Despite EV declines, Ford sales up in October

Business / Business News /

Ford Motor Co.'s larger SUVs and trucks outweighed a downward sales trend from the expiration of the federal government's plug-in vehicle tax credit, propelling the Dearborn automaker to a 1.6% increase year-over-year in October U.S. deliveries.

Ford's EV sales declined almost 25%, and hybrids fell 4%, while internal combustion engine vehicles ...Read more

Stefani Reynolds/Getty Images of North America/TNS

Social media platform Truth Social rolling out new prediction market

Business / Business News /

Gaming regulators nationwide may soon contend with a new derivatives prediction market with connections to the White House.

Representatives of the Trump Media and Technology Group Corp. last week announced plans to roll out Truth Predict, a collaboration with crypto.com linking the social media platform Truth Social to a new prediction market. ...Read more

Antonio Perez/Chicago Tribune/TNS

Bob Weber, the longtime 'Motormouth' columnist, is dead at 77

Business / Business News /

For almost 30 years, freelance columnist Bob Weber authored the weekly “Motormouth” column in the Chicago Tribune, answering all manner of readers’ automotive questions.

A certified master mechanic who previously edited an automotive trade magazine, Weber fielded questions on such subjects as run-flat tires, regular gasoline vs. premium, ...Read more

Christina House/Los Angeles Times/TNS

Why your local Gold's Gym may be getting a new name

Business / Business News /

LOS ANGELES — Gold's Gym, a decades-old fitness brand with a cult following and roots in Venice Beach, is allowing almost all of its Southern California outlets to be taken over by Eōs Fitness.

The gym's long-time SoCal franchisees, brothers Angel and Willy Banos, sold more than 20 locations to Dallas-based Eōs. Gold's will retain ownership...Read more

GM software head exits after organizational shuffle

Business / Business News /

WASHINGTON — General Motors Co.'s Silicon Valley software chief is out.

The company said Friday that Dave Richardson, who joined the automaker in September 2023 and assumed the role of senior vice president of software and services engineering in June of last year, will leave the company.

Richardson's exit comes a week after he appeared on ...Read more

Coca-Cola PRESS RELEASE/TNS

Mr. Pibb is back. Coca-Cola revives spicy cherry soda after nearly 25 years

Business / Business News /

A spicy cherry soda is making a comeback after almost 25 years.

Coca-Cola said Thursday it is bringing back Mr. Pibb, a brand it originally launched in 1972 to compete with Dr Pepper. The soda gained a following for three decades, but it was discontinued in 2001 and rebranded Pibb Xtra.

Now, a reformulated Mr. Pibb returns with 30% more ...Read more

Bizuayehu Tesfaye @bizutesfaye/Las Vegas Review-Journal/TNS

Gaming industry could face repercussions from NBA-Mafia gambling case

Business / Business News /

The indictment of 31 people on fraud charges last month in the Mafia gambling scandal shows that gaming regulators are doing their job to keep Nevada casinos safe, according to a former Nevada Gaming Commission chairman.

The fact that none of the incidents disclosed in the unsealing of court records involved licensed casino operators proved ...Read more

Hyoung Chang/THE DENVER POST/TNS

Workers at 'South Park' creators' restaurant go on strike over 'unfair' practices

Business / Business News /

Workers at the quirky Denver-area restaurant owned by “South Park” creators Trey Parker and Matt Stone are officially on strike.

All 57 union workers — made up of divers, magicians, puppeteers and other performers who entertain guests at the kitschy Casa Bonita eatery in Lakewood, Colo. — hit the picket line on Thursday after contract ...Read more

Acura/TNS/TNS

The great EV retreat of 2025

Business / Business News /

In recent years, it’s become abundantly clear Southern California's war on smog hinges on the of adoption electric vehicles. And, for the first time in a generation, we may be headed in the wrong direction.

Southern California’s persistently sunny climate and mountains work together to form and trap smog over the region. And that the ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Henry Payne: Trump aims to open Japan to US autos with tariffs. It's a tough sell

Business / Business News /

TOKYO — President Donald Trump arrived here this week for a wide-ranging state visit with new Prime Minister Sanae Takaichi — the same week the Japan Mobility Show opened to media. With its tariff policy, the Trump administration has been determined to open foreign markets like Japan to U.S. automakers.

It's not easy.

In exchange for a 15%...Read more

Angela Weiss/Getty Images North America/TNS

Michael Hiltzik: Meme stocks are still with us, offering new temptations for novice and unwary investors

Business / Business News /

If you blinked you may have missed this, but the stock of Beyond Meat, the purveyor of meatless burger patties, had a spectacular run a few days ago.

The stock had surged by more than 1,400% in the four days through Oct. 22, when shares hit an intraday peak of $7.69, up from a low of 50 cents on Oct. 16.

Given that this El Segundo-based ...Read more

Alex Kormann/Minnesota Star Tribune/TNS

Target employees say messy layoffs are latest signal of culture shift

Business / Business News /

Target’s corporate culture, once known for flexibility and collaboration, is starting to show cracks, with employees describing a workplace increasingly defined by uncertainty, poor communication and “business decisions.”

Those frustrations reached a breaking point this week after the Minneapolis-based retailer laid off about 1,000 ...Read more

Henry Payne/The Detroit News/TNS

Auto review: The CX-ceptional Mazda CX-30 proves you can have fun AND utility

Business / Business News /

OAKLAND COUNTY, Michigan — My former Detroit News colleague Scott Burgess made it a practice of getting into a Porsche 911 each year as a reminder of the industry’s sports car performance standard.

The same might be said of the Mazda CX-30 Turbo SUV.

The Japanese automaker’s entry-level hellion is the SUV segment’s handling benchmark. ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 GMC Canyon is the king of mid-size trucks

Business / Business News /

While pickup trucks are still widely used for contractors and service employees, in the last decade the truck market has evolved in a lifestyle and recreation direction.

In Grasso’s Garage, we consider the 2025 GMC Canyon AT4 AEV 4WD. Consumers looking for off-road excellence, comfort and style while not breaking the bank will appreciate its ...Read more

Maserati/TNS/TNS

Auto review: 2026 Maserati MCPura is unapologetically wrong and yet so right

Business / Business News /

You don’t buy a Maserati because it makes sense. You buy one because it doesn’t. Because the world has become too safe, too soft, and Bluetooth-paired, and somewhere deep inside your soul, you still crave something with noise, nerve and the kind of raw mechanical passion not ruled by algorithms.

For most of the last 50 years, Maserati has ...Read more

Dreamstime/Dreamstime/TNS

Buffett's BNSF slams rail megadeal as political scrutiny grows

Business / Business News /

BNSF Railway Co. slammed the proposed mega-merger between two key rivals as benefitting shareholders at the expense of customers, marking some of the most direct criticism of a deal drawing scrutiny from lawmakers and across the industry.

The $72 billion combination of Union Pacific Corp. and Norfolk Southern Corp. doesn’t propose adding new ...Read more

SpaceX/SpaceX/TNS

SpaceX defends progress developing Starship craft capable of moon landing

Business / Business News /

SpaceX defended its progress developing a lander that will put Americans back on the moon, following remarks by NASA's administrator that the agency will reopen the program to other bidders.

In a lengthy blog post Thursday, Elon Musk's space company said it "rapidly advanced" the core Starship spacecraft through 11 test flights and reached 49...Read more