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Brian van der Brug/Los Angeles Times/TNS

Starbucks union launches Red Cup Day strike at dozens of stores -- including 10 in California

Business / Business News /

The union representing Starbucks baristas launched an open-ended strike at stores in more than 40 cities on Thursday, coinciding with Red Cup Day, one of the coffee giant's most lucrative sales days of the year.

The union, Starbucks Workers United, said the strike involved more than 1,000 baristas in some 65 stores as of Thursday morning, but ...Read more

Andrew Trahan/Scout Motors/TNS

Scout Motors rolls into Charlotte: 5 key things about the automaker and its new HQ

Business / Business News /

Much fanfare accompanied Scout Motors’ announcement Wednesday that it plans to make Charlotte, North Carolina, its new, $207 million global corporate headquarters.

The governor was there. So was the mayor, alongside other local bigwigs. And why not. It was one of the biggest job creation announcements in Charlotte over the past decade. Plus, ...Read more

John J. Kim/Chicago Tribune/TNS

Illinois sees record EV sales as Trump administration ends federal tax credits, but state goals still far off

Business / Business News /

Illinois squeaked in a record share of electric vehicle sales last quarter, on par with a national trend tied to the Trump administration’s decision to end lucrative federal tax credits.

Still, the state remains far short of Gov. JB Pritzker’s ongoing push to get 1 million electric vehicles on Illinois roads by 2030.

“Sales definitely ...Read more

Brian van der Brug/Los Angeles Times/TNS

California insurers to charge homeowners for FAIR Plan bailout after LA wildfires

Business / Business News /

Homeowners across California will soon see a new charge on their monthly insurance bills to help pay claims arising from this year’s devastating Los Angeles wildfires.

Most of the temporary fees imposed by the state’s largest insurance companies will be relatively small, a few dollars per month, averaging around $50 to $60 in total over two...Read more

Robert Gauthier/Los Angeles Times/TNS

Los Angeles County opens probe into State Farm's handling of January wildfire claims

Business / Business News /

Los Angeles County announced Thursday it is opening an investigation into how State Farm General has treated January wildfire victims after complaints that their claims have been delayed, denied and underpaid.

The state’s largest home insurer was notified of the probe in a letter that included demands for a wide range of data and documents to...Read more

Alejandro A Alvarez/The Philadelphia Inquirer/TNS

Unionized Starbucks workers begin nationwide strike

Business / Business News /

Unionized Starbucks baristas announced a strike on Thursday amid stalled negotiations between the workers’ union and the company.

The union, Starbucks Workers United, announced the strike Thursday morning, saying it would span at least 65 stores across more than 40 cities, including Philadelphia. The strike begins on Starbucks’ Red Cup Day,...Read more

Patrick Connolly/Orlando Sentinel/TNS

Real estate Q&A: Can HOA stop us from feeding the ducks?

Business / Business News /

Q: We enjoy feeding the ducks behind our house. Our community association is telling us that we can no longer feed them because it’s causing problems in our community. Can they stop us from doing it? — Graham

A: Feeding ducks and other wildlife can be a relaxing and enjoyable activity that brings you closer to nature. However, it is common...Read more

Chase Stevens/Las Vegas Review-Journal/TNS

FanDuel, DraftKings won't be licensed for Nevada sportsbooks

Business / Business News /

DraftKings and FanDuel, the nation’s two largest sportsbook vendors, won’t operate in Nevada anytime soon after state gaming regulators on Wednesday accepted the surrender of FanDuel’s parent company’s licensing plans.

A withdrawal on all pending requests for DraftKings is planned as well.

Nevada Gaming Control Board Chairman Mike ...Read more

Ken Lambert/The Seattle Times/TNS

US mortgage rates rise slightly, sending 30-year loans to 6.24%

Business / Business News /

Mortgage rates in the U.S. increased for a second week, adding to costs for homebuyers already facing a precarious economy.

The average for 30-year, fixed loans rose slightly to 6.24%, up from 6.22% last week, Freddie Mac said in a statement Thursday.

Homebuyers have been reluctant to jump into the market, even with rates now well below year-...Read more

Marvel Studios/Marvel Studios/TNS

Disney's cruise line and streaming service boost earnings, despite weaker theatrical results

Business / Business News /

Demand for Walt Disney Co.'s cruise line and its streaming services boosted the company's fiscal fourth-quarter earnings, despite a dent from lukewarm theatrical box office results that could not compare to blockbuster hits during the previous year.

The Burbank media and entertainment company reported $10.2 billion in revenue for its ...Read more

Jason Armond/Los Angeles Times/TNS

Investor behind scandal that tarnished B. Riley is criminally charged

Business / Business News /

The hedge fund investor at the heart of a scandal that damaged B. Riley Financial has been charged with criminal fraud as the West L.A. company continues efforts to dig out from under the debacle.

Brian Kahn, 52, who led a disastrous management buyout of a retail holding company partly financed with $600 million in B. Riley debt, has been ...Read more

Dania Maxwell/Los Angeles Times/TNS

Bob Iger defends Disney's offer to YouTube TV as ESPN, ABC blackout continues

Business / Business News /

As the ABC and ESPN blackout on YouTube TV threatens to stretch into a third week, Walt Disney Co. Chief Executive Bob Iger defended his company’s stance in the contentious negotiations.

YouTube TV’s 10 million customers have lacked access to Disney-owned channels and ABC stations for 14 days. The two companies have been locked in a fight ...Read more

Dreamstime/Dreamstime/TNS

Zillow pressures homebuyers into using its mortgages, lawsuit claims

Business / Business News /

Zillow has been slammed with yet another lawsuit — this time for allegedly incentivizing its affiliated agents to pressure homebuyers into using Zillow’s mortgage business.

The Seattle-based real estate giant is most known for its real estate listing website, but it is also a brokerage and lending agency.

In a lawsuit filed last week with ...Read more

Rad Power Bikes may close, cut jobs as pandemic boom cools

Business / Business News /

Seattle-based Rad Power Bikes, former darling of the booming e-bike market, warned it could shut down amid slowing sales and the hangover of too-rapid growth during the pandemic.

The company, headquartered in Ballard, “may be forced to cease operations” after failing to find outside partners or funding, a spokesperson said in an emailed ...Read more

Jim Watson/AFP/Getty Images North America/TNS

Homebuilders bet on 1% mortgage rates to wake up US buyers

Business / Business News /

With the average mortgage rate near 6%, U.S. homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower.

The trick is simple: buy new.

In markets across the U.S., homebuilders sitting on unsold inventory are subsidizing mortgage rates so ...Read more

Jeff Gritchen/The Orange County Register/TNS

Los Angeles shoppers find creative ways to spend less this holiday season

Business / Business News /

Shoppers in Los Angeles are turning to more affordable brands, seeking deals and making their own presents to save money this holiday season, as many tighten their purse strings in anticipation of a weak economy.

The average projected holiday spend by Los Angeles shoppers was $1,627, according to Deloitte's 2025 holiday retail survey. That's ...Read more

Maryna Konoplytska/Dreamstime/Dreamstime/TNS

What first-time homebuyers need to know before buying a fixer-upper

Business / Business News /

If you’re a first-time homebuyer with a tight budget, should you consider a fixer-upper? It depends whether you’re willing to be uncomfortable — possibly for a long time.

For some, buying a fixer-upper is a great way to build equity and customize their home. For others, it’s a source of inescapable stress.

“Maybe they’ve never even...Read more

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