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Giuseppe Cacace/AFP/Getty Images North America/TNS

Oil and Iran among cruise challenges as global passengers top 37 million

Business / Business News /

MIAMI BEACH — One cruise line has had a bigger challenge than others amid the war in Iran, but the leaders of four of the biggest cruise companies in the world all said the global oil situation is something they can’t ignore despite record numbers of people sailing.

The heads of the parent companies for Royal Caribbean, Carnival, Norwegian ...Read more

Dania Maxwell/Los Angeles Times/TNS

Disney begins 1,000 job cuts this week across the company

Business / Business News /

The Walt Disney Co. has begun a broad round of layoffs that is expected to result in 1,000 jobs being cut across multiple divisions within the Burbank entertainment giant.

The layoffs, which began Tuesday, will ripple across Disney's television and movie studios, sports giant ESPN, its product and technology unit, corporate functions and ...Read more

Ken Lambert/The Seattle Times/TNS

Boeing's Max deliveries dip even as quarterly numbers pass 2023 levels

Business / Business News /

Boeing delivered fewer airplanes in March than the month prior as it dealt with an issue on a small number of 737 Max planes.

Still, the planemaker’s first quarter deliveries rose above 2023 levels, the company said Tuesday.

Boeing delivered 143 airplanes in January, February and March this year, an increase from 130 planes in the same three...Read more

Aric Crabb/Bay Area News Group/TNS

Google faces mass arbitration as advertisers seek billions

Business / Business News /

Alphabet Inc.’s Google is facing billions of dollars in potential damage claims as part of mass arbitration tied to the company’s online search and advertising technology businesses, which courts have ruled were illegal monopolies.

Advertisers are banding together to seek payouts through mass arbitration proceedings. While many companies ...Read more

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Amazon to buy satellite company Globalstar for $11.6 billion

Business / Business News /

Amazon.com Inc. agreed to acquire satellite operator Globalstar Inc. in a roughly $11.6 billion deal that would expand the services of its satellite system.

Amazon is offering Globalstar shareholders either $90 in cash per share, or 0.32 shares of Amazon stock with a value capped at $90 a share, according to a statement on Tuesday. That ...Read more

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Pittsburgh Post-Gazette to continue publishing after sale to nonprofit media group

Business / Business News /

The publisher of a highly regarded nonprofit digital news outlet based in Baltimore announced Tuesday that it has agreed to acquire the assets of the Pittsburgh Post-Gazette, ending nearly a century of family control of the newspaper and ensuring the future of Western Pennsylvania’s largest news organization.

Toledo, Ohio-based Block ...Read more

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How Waymo and Waze are pitching in to help solve LA's pothole problem

Business / Business News /

Waze and Waymo are teaming up to help combat Los Angeles' growing pothole problem.

The companies announced a program that will use Waymo's self-driving cars to better detect potholes in the city. The data will be available to city officials through Waze's traffic data-sharing platform, according to a news release last week.

The number of ...Read more

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Venezuela oil rebound: 150 million barrels sold since Maduro's capture

Business / Business News /

Venezuela has sold roughly 150 million barrels of crude oil since early January following the easing of U.S. sanctions and Nicolás Maduro’s capture, as Washington pushes American companies to expand operations and boost output in the South American country.

Speaking at the Semafor World Economy forum in Washington on Monday, U.S. Energy ...Read more

Brian Cassella/Chicago Tribune/TNS

Gov. JB Pritzker's ambitious housing plan for Illinois: More four-flats, looser rules

Business / Business News /

Above the bay windows that run up the center of a two-story apartment building in Uptown, Nick Serra stands on what had been the roof but will soon be the balcony for a new third-floor unit he’s adding.

In many circumstances, the construction work would be a sure sign that another traditional Chicago apartment building was being gutted and ...Read more

Microsoft raises Surface prices sharply in face of memory crunch

Business / Business News /

Microsoft Corp. raised prices sharply across its Surface-branded device lineup, becoming the latest personal computer maker to pass along costs fueled by a historic memory chip shortage.

The 12-inch Surface Pro, touted as an affordable, lightweight computer-tablet hybrid when it debuted last year for $800, now starts at $1,050. Older products ...Read more

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Fed's Miran sees inflation close to target a year from now

Business / Business News /

Federal Reserve Governor Stephen Miran said the energy shock triggered by the Iran war has yet to impact longer-run inflation expectations, and he expects price pressures to return to the central bank’s target in a year’s time.

“There’s thus far no evidence that inflation expectations are higher,” Miran said in remarks at an event in ...Read more

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United CEO has pitched possible tie-up with rival American

Business / Business News /

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby has floated a possible combination with American Airlines Group Inc., according to people familiar with the conversations, an audacious proposition that would face intense scrutiny even under the business-friendly Trump administration.

Kirby has pitched the idea to senior ...Read more

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Pittsburgh's tech community to pitch city as an AI hub during the NFL Draft

Business / Business News /

With millions of eyes around the world focused on Pittsburgh next week, the local tech community is determined to promote a new identity for the Steel City — as an artificial intelligence innovation hub.

“You have all kinds of organizations doing great things, cleaning up the city, rolling out the red carpet, and this event is going to push...Read more

Todd McInturf/The Detroit News/TNS

UWM refusal to depose CEO could risk contempt of court, judge suggests

Business / Business News /

A federal judge has asked a company being sued by United Wholesale Mortgage whether the Pontiac, Michigan-based mortgage lender should be held in contempt of court for not complying with an order to have CEO Mat Ishbia participate in a deposition.

Such a request by a judge is uncommon, according to lawyers familiar with the U.S. Eastern ...Read more

Genaro Molina/Los Angeles Times/TNS

The tale of LA's iconic hot sauce and how Ozempic is making it even hotter

Business / Business News /

For 55 years, the family behind Tapatío has refused to even write down the recipe for Los Angeles' iconic hot sauce, passing its secret formula for success only from lip to ear in closed rooms.

The Saavedra family put the ingredients on paper for the first time earlier this year as they sold the beloved brand to backers who plan to make their ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Suit filed against McDonald's by Black former execs will head to trial as political winds surrounding DEI shift

Business / Business News /

In January 2020, months before the death of George Floyd at the hands of Minneapolis police ignited a national movement toward corporate diversity and inclusion programs, two Black McDonald’s executives filed a racial discrimination lawsuit against the fast-food giant.

This fall, after more than six years of navigating the federal judicial ...Read more

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OpenAI CEO Sam Altman addresses Molotov cocktail attack on his home and AI backlash

Business / Business News /

Hours after a Molotov cocktail was thrown at his San Francisco home, OpenAI Chief Executive Sam Altman addressed the criticism surrounding artificial intelligence that appears to have been the impetus for the attack.

In a lengthy blog post, Altman shared a family photo of his husband and child, stating he hopes it might convince people not to ...Read more

Robin Buckson/The Detroit News/TNS

Bezos-backed EV truck startup Slate auto raises $650 million

Business / Business News /

Slate Auto, the electric vehicle startup backed by Jeff Bezos, has raised $650 million to fund its effort to bring a mid-$20,000 electric pickup truck to the U.S. market by year-end.

TWG Global, headed by Guggenheim Partners founder Mark Walter and financier Thomas Tull, led the Series C funding, Slate said. A spokesperson declined to comment ...Read more

Hyoung Chang/The Denver Post/TNS

New contract for Colorado meatpacking workers includes raises

Business / Business News /

Negotiations have come to an end at a meatpacking plant in northern Colorado, where thousands of workers bargained for months over a new contract — a fight that culminated in a multi-week strike, corporate officials announced Sunday.

The Greeley, Colorado, beef processing plant, the flagship of JBS USA, will resume normal operations under a ...Read more

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Econometer: Is the Artemis program worth the cost?

Business / Business News /

Excitement over the Artemis II launch to the moon has raised some questions about the cost.

The U.S. government has spent at least $93 billion and counting on the Artemis program, which seeks to eventually establish a long-term human presence on the moon. There are other nations contributing, such as Canada and Japan, but it is relatively small...Read more