Business
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More food companies are getting snatched up, and they all have something in common
When Steve Young sat down to talk about the food industry in September, the managing partner at investment firm Manna Tree predicted that as major players struggle to sell more food, “they’re going to be looking for acquisitions.”
“It’s companies that can prove customer loyalty, where you’re doing something different for the ...Read more
New FCC chair is a fan of Elon Musk, not diversity initiatives
Brendan Carr, the incoming chairman of the Federal Communications Commission, plans to challenge big technology and broadcast companies over their content choices and kill diversity and inclusion initiatives at the agency that oversees the nation’s telecom, internet and media industries.
Late Sunday, shortly after President-elect Donald Trump...Read more
DOJ will push Google to sell Chrome to break search monopoly
Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc.’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the biggest tech companies in the world.
The department will ask the judge, who ruled in August that Google illegally monopolized the search market, to require ...Read more
What could Trump's second term mean for Amazon?
As President-elect Donald Trump prepares to take office, Seattle’s largest employer has a lot on the line.
Even though Amazon, like other retailers, is likely to face higher costs if Trump follows through on campaign promises to raise tariffs, the tech and e-commerce giant is still set to benefit from an administration billing itself as pro-...Read more
Motormouth: When will gas go bad?
Q: So, in the 1960s my parents said I learned to read by reading the Tribune sports section. I have been a life-long subscriber and have enjoyed your straightforward advice. Now that I’ve entered my sixties, I finally have a question for you. I am considering a PHEV as I work close to home and usually drive no more than 15 miles a day and may ...Read more
Sixth Tesla Cybertruck recall hits more than 2,000 owners, who must bring vehicles in for fix
Owners of certain Tesla Cybertrucks will have to visit the repair shop after Tesla issued a recall affecting 2,400 of the electric vehicles over possible sudden loss of power to the wheels.
At issue is a transistor in some trucks built between Nov. 6, 2023 and July 30. Failure of the component could lead to a non-responsive accelerator pedal ...Read more
The world's 10 richest people: The wealthiest have $100 billion or more
The world’s wealthiest people have several things in common, but one of the most prominent is that the 10 richest have more than $100 billion to their name. The very top have more than $200 billion. These amounts don’t consist of cash sitting in a bank but are mainly investments, often of some of the largest publicly traded companies, which ...Read more
California agriculture faces significant losses as avian flu outbreak spreads. 'It's a mess'
As an outbreak of the avian flu continues to wreak havoc on California agriculture, the number of infected animals and workers is stacking up.
As of Friday, state agriculture officials confirmed 294 dairies — representing a little more than 25% of the state’s 1,100 dairies — are now under quarantine due to the H5N1 avian flu.
On the ...Read more
Boeing lays off more than 2,000 Washington workers
Boeing has laid off 2,199 workers in Washington, according to a notice filed Monday with the state’s Employment Security Department.
The cuts are part of a companywide effort to reduce Boeing’s workforce by 10%, or 17,000 workers. Managers began scheduling meetings and delivering pink slips over three days last week, starting on Wednesday. ...Read more
Liam Denning: Musk is short-circuiting the EV revolution he sparked
There’s a crazy idea going around, fueled by one Elon Musk, that Tesla Inc., an electric vehicle maker, would be unscathed if Republicans ditch the federal EV tax credit.
There is a certain superficial logic at work. Tesla is a profitable EV maker years ahead of the competition in designing and selling vehicles powered by batteries. Old ...Read more
Lawrence Livermore supercomputer is crowned world's speediest
The Bay Area has just won a coveted crown in computing, with a massive new machine at Lawrence Livermore National Laboratory deemed the most powerful system in the world.
Meet El Capitan, which churns through data at 1.742 quintillion calculations per second — think 1.7 followed by 18 zeroes — to simulate the testing needed to evaluate the ...Read more
Top 9 benefits of 529 education savings plans
A 529 plan gives consumers a tax-advantaged way to pay for education, and that’s a boon for parents and other family members who want to save for a child’s schooling. A 529 plan offers several other benefits, including the ability to invest with potentially high-return assets such as stock funds, instead of being limited to low-return bank ...Read more
Spirit Air files bankruptcy, bondholders set to take control
Spirit Airlines Inc. filed for bankruptcy on Monday with a plan to hand over control to bondholders after failing to agree on a merger with rivals.
The airline sought Chapter 11 protection in New York to restructure $1.6 billion of debt, according to court filings. It said will continue to operate normally throughout the bankruptcy process, ...Read more
David Nicklaus: Analyst sees Boeing recovery taking 10 years
Boeing was flying high in mid-2018 with record plane deliveries, record revenue and a record-high stock price.
Then came two fatal crashes of its 737 Max aircraft, followed by a global pandemic. Years of regulatory scrutiny and snarled supply chains ensued, coming at the same time Boeing’s defense unit was losing money because it bid too ...Read more
Trump built his brand on real estate. How does the industry view his win?
Many in the real estate industry look back fondly on Donald Trump’s first administration, including big corporate tax cuts and a developer-friendly tax incentive to induce investment in low-income areas.
Trump’s second presidency could see a renewal of his signature tax cuts. He’s pledged to reduce regulations, and the billionaire real ...Read more
Trump team is seeking to ease US Rules for self-driving cars
Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.
If new rules enable wider deployment of cars without human controls, it will directly benefit Elon Musk,...Read more
Boeing lays off 111 mechanics in St. Louis, union says
ST. LOUIS — Aviation giant Boeing Co. laid off more than a hundred workers in the region this week, as the company continues to grapple with serious manufacturing problems on marquee planes, costly labor strife and deep financial woes.
Boeing notified 111 mechanics of the layoffs on Thursday, according to DeLane Adams, a spokesman for the ...Read more
Ports of Los Angeles and Long Beach set new cargo records
Cargo traffic at the ports of Los Angeles and Long Beach is at record highs.
The two busiest ports in the U.S., which process about a third of all U.S. cargo containers arriving in the U.S., have seen increased activity after a labor dispute shut down major ports on the East and Gulf coasts for three days in October, recently released figures ...Read more
Philadelphia port authority says it's cooperating with federal regulator's probe into waterfront competition
The state agency that owns Philadelphia’s seaport facilities says it’s assisting a federal regulator’s investigation into allegations that one of the port’s terminal operators is abusing its market power.
Investigators with the Federal Maritime Commission have been looking into concerns raised by Philadelphia trucking firm Tri State ...Read more
ILA dockworker negotiations stall, raising chance of a January strike at East Coast ports
Negotiations between the International Longshoremen’s Association and port operators stalled this week, making it possible that East Coast dockworkers walk off the job again in January.
The U.S. Maritime Alliance, which represents port operators and shipping companies and the union representing about 2,400 workers in Baltimore’s port left ...Read more
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