Business

/

ArcaMax

Andrew Harnik/Getty Images North America/TNS

Target calls CEO Brian Cornell's meeting with Trump about tariffs 'productive'

Business / Business News /

Target CEO Brian Cornell and other retail chiefs had a “productive meeting” about tariffs on Monday with President Donald Trump.

The meeting, which included Walmart CEO Doug McMillon and Home Depot CEO Ted Decker, was “to discuss the path forward on trade,” Target said in a statement. “We remain committed to delivering value for ...Read more

Chip Somodevilla/Getty Images North America/TNS

Trump's trade war shaking pillars of financial system, IMF warns

Business / Business News /

President Donald Trump’s trade war is threatening the global financial stability that’s kept banks and insurers safe since the 2008 crisis, the International Monetary Fund warned, as it urged policymakers to bolster their industries’ defenses.

The world has seen a sharp repricing of some assets and heightened volatility across stock, ...Read more

Andrew Harnik/Getty Images North America/TNS

Retailers, including Target, Walmart and Home Depot CEOs, meet with Trump to discuss tariffs

Business / Business News /

President Donald Trump met with top American retailers Monday to discuss the impact of tariffs on their businesses.

The meeting took place at the White House and included Target CEO Brian Cornell, Walmart CEO Doug McMillon and Home Depot CEO Ted Decker.

“We had a productive meeting with President Trump and our retail peers to discuss the ...Read more

Smiley N. Pool/The Dallas Morning News/TNS

Airline customer satisfaction drops, study says

Business / Business News /

A new study shows a decline in customer satisfaction with airlines and other travel firms, according to the American Customer Satisfaction Index.

The decreased satisfaction comes amid a drop in travel, a shaky economy and concerns about the future for premium travel services, the study says.

Business travelers and other “high-value” ...Read more

David Guralnick/The Detroit News/TNS

Smart roads could lead the way to faster, safer travel -- and beating China

Business / Business News /

DETROIT — Smart roads that enable vehicles to communicate with traffic infrastructure could help goods and people travel faster and be the key to unlocking innovation to help the United States compete with China, one Bank of America automotive analyst is suggesting.

Worries about China's economic activity and research and development are ...Read more

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

Boeing sells Jeppesen unit to Thoma Bravo for $10.6 billion

Business / Business News /

Boeing Co. agreed to sell its flight navigation unit and related assets to Thoma Bravo for $10.6 billion in cash, the first major portfolio transaction under Chief Executive Officer Kelly Ortberg as he seeks to shore up the planemaker’s finances.

The deal involving the Jeppesen business also includes Boeing’s ForeFlight, AerData and ...Read more

Amazon must negotiate with Teamsters, Labor Board prosecutors say

Business / Business News /

US labor board prosecutors are trying to compel Amazon.com Inc. to collectively bargain with its San Francisco warehouse workers, boosting the Teamsters union’s efforts to organize the e-retail giant.

In a complaint issued Monday, a regional director of the National Labor Relations Board alleged the company violated federal law by refusing to...Read more

Daniel Mears/The Detroit News/TNS

Stellantis to pause production at Detroit plants that make Grand Cherokee

Business / Business News /

Stellantis NV's Detroit Assembly Complex plants that build Jeep Grand Cherokee and Dodge Durango SUVs will pause production next week, the latest of several plant cutbacks made by the automaker in recent weeks.

The Mack and Jefferson North facilities in east Detroit will halt production for the week of April 28, with Mack also scheduled to take...Read more

Nick Wagner/The Seattle Times/TNS

At Seattle's Filson, challenge of reshoring US factory jobs is clear

Business / Business News /

As U.S. politicians promise to rebuild American manufacturing with tariffs, the transformation of Filson, Seattle-born maker of rugged, high-end apparel, shows just how complicated that task could be.

At Filson’s flagship store-workshop on First Avenue South, visitors can still watch workers busily assembling the company’s $550 Filson ...Read more

Myung J. Chun/Los Angeles Times/TNS

Former Edison executive, now a California lawmaker, seeks to cut rooftop solar credits

Business / Business News /

Nearly 2 million California rooftop solar owners could lose the energy credits that help them cover what they spent to install the expensive climate-friendly systems under a proposed state bill.

The bill’s author, Assemblymember Lisa Calderon, D-Whittier, is a former executive at Southern California Edison and its parent company, Edison ...Read more

Christina House/Los Angeles Times/TNS

DOGE layoffs of federal mediators leave grocery chain talks and other labor disputes in limbo

Business / Business News /

In late March, Isael Hermosillo received an ominous message from his supervisor around 7 a.m. ordering him to cancel all his meetings scheduled that day.

Hermosillo rushed to notify several locals of the United Food and Commercial Workers union as well as attorneys for Albertsons and Kroger that he would not be able to attend a session in Buena...Read more

Ray Chavez/Bay Area News Group/TNS

Tesla settles lawsuit by Black worker who alleged widespread racism at Fremont electric car factory

Business / Business News /

Tesla has settled a lawsuit by a worker in its Fremont electric car factory who claimed she was harassed and discriminated against because she is Black.

Raina Pierce sued the automaker in 2022, alleging that her manager referred to the facility as “the plantation” and the “slave house,” and that her supervisor called her a racial slur ...Read more

Terrence Antonio James/Chicago Tribune/TNS

Walgreens to pay $300M to settle with Department of Justice over opioid allegations

Business / Business News /

Walgreens Boots Alliance has agreed to pay $300 million to settle allegations that it filled millions of invalid prescriptions for opioids and other controlled substances and illegally billed federal programs such as Medicare for those medications, the U.S. Department of Justice announced Monday.

The federal government had alleged that ...Read more

Spencer Platt/Getty Images North America/TNS

Tariffs could cost the average American household $3,800 per year. Here's how to save for it

Business / Business News /

Tariffs could cost the average American household $3,800 in 2025, according to The Budget Lab at Yale University. This estimate comes even as President Trump announced a 90-day pause on tariffs earlier this month, temporarily reducing most tariffs to 10% in the meantime, while maintaining higher rates for countries including China.

Tariffs — ...Read more

Bigtunaonline/Dreamstime/TNS

Google, DOJ go back to court to fight over search monopoly

Business / Business News /

The U.S. government hasn’t broken up a company since AT&T in 1982. Now it’s trying to persuade a judge to make Alphabet Inc.’s Google next.

On Monday, Google began squaring off against the Justice Department and dozens of state attorneys general in a Washington court room over what changes U.S. District Judge Amit Mehta will order to ...Read more

Dreamstime/Dreamstime/TNS

Motormouth: What is a jockey box?

Business / Business News /

Q: Loved seeing your “glove box” item in my East Bay Times today. Glove box is what my mom called it. Dad said “jockey box." What can you tell us about jockey box history? I’m 78 so my parents are long gone, but I like to say jockey box when my grown grandkids are in the car, just to hear their reaction and so I can tell family stories. ...Read more

Stephanie Yang/Los Angeles Times/TNS

'It's hard to stop': Why auto execs fear distraction from tariffs as China pulls ahead

Business / Business News /

When Stellantis NV Chairman John Elkann this week explained his concerns with costly U.S. tariffs, he made sure to draw a comparison with growing automotive powerhouse China.

Both the American and European auto sectors are struggling to navigate "extreme" policy and regulatory pressures — including the new import tariffs — as China's ...Read more

Ford/Ford/TNS

Tariffs prompt Ford to adjust shipments to China

Business / Business News /

Ford Motor Co. has adjusted shipments to China from the United States as a result of retaliatory tariffs, the Dearborn automaker confirmed.

Citing anonymous sources, The Wall Street Journal first reported the Blue Oval this week halted shipments completely of F-150 Raptor pickups, Mustang muscle cars and Bronco SUVs built in Michigan, as well ...Read more

Mark Gomez/Dreamstime/TNS

CFPB's latest layoffs halted in setback to shutdown effort

Business / Business News /

The Consumer Financial Protection Bureau may not proceed with agencywide job cuts, while a D.C. federal court weighs whether the terminations would violate a preliminary injunction blocking the agency from shutting down.

Judge Amy Berman Jackson of the US District Court for the District of Columbia said from the bench Friday that a written ...Read more

Juliana Yamada/Los Angeles Times/TNS

People are melting their old jewelry for cash as gold prices soar

Business / Business News /

With gold prices at record highs, jewelry collectors are in meltdown mode.

For weeks, they've been scouring their homes and cracking open their safes to retrieve vintage necklaces, family heirlooms and other expensive pieces containing the precious metal that can be melted for cash.

"It happens with every gold spike," said Jeff Clark, a market...Read more