Business

/

ArcaMax

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

Albertsons wants details on ex-Kroger CEO's personal conduct

Business / Business News /

Albertsons Cos. demanded that Kroger Co. provide details on personal conduct that led the company to replace its chief executive officer, who shepherded the failed $24.6 billion takeover that’s now the focus of litigation between the two companies.

Earlier this year, Kroger announced that Rodney McMullen abruptly resigned after a board ...Read more

Mario Tama/Getty Images North America/TNS

Waymo, Avis plan Dallas robotaxi launch in multiyear deal

Business / Business News /

Alphabet Inc.’s Waymo plans to launch robotaxi service in Dallas next year in partnership with Avis Budget Group Inc., a push by the autonomous car company to diversify beyond its relationship with Uber Technologies Inc. to further expand across the U.S.

In a first, Waymo said Avis will serve as the fleet partner for its robotaxis in Dallas. ...Read more

Ken Lambert/The Seattle Times/TNS

These retirees found ways to save money living abroad

Business / Business News /

When tech layoffs hit Kelly Bowen-McCombs last August, then her husband, Leith McCombs, in May, the Woodinville, Washington, couple didn’t immediately think to move abroad.

But it soon dawned on them that they were facing a bleak job market. Rather than stick it out, the pair decided to take a leap of faith and relocate to France. There, they...Read more

Fred Guerdin/EU Commission/dpa/TNS

Stocks hold at record, dollar jumps on trade hopes: Markets wrap

Business / Business News /

Wall Street traders left stocks at all-time highs while the dollar climbed the most since May, with a tariff deal between President Donald Trump and the European Union bolstering hopes for an extension of a China trade truce. Treasuries edged lower.

The start of a week that will set the tone for the rest of the year in markets saw a dollar ...Read more

Dreamstime/Dreamstime/TNS

Want to retire abroad? Here's what to consider first

Business / Business News /

The draw of retiring overseas can be tempting, especially in the face of stubbornly high costs of living in the Seattle area.

But before you go, experts recommend thorough research and planning. Retiring abroad comes with complications, including lifestyle changes, immigration hurdles and disruptions to health care coverage.

Here are a few ...Read more

Valerie Macon/AFP/Getty Images North America/TNS

Warner Bros. Discovery announces names post-split: Warner Bros. and Discovery Global

Business / Business News /

Warner Bros. Discovery on Monday unveiled the names of the proposed separate entities, post-breakup: Warner Bros. and Discovery Global.

When the corporate spin-off is complete some time next year, the venerable Burbank film and television studio properties, HBO, HBO Max streaming service and gaming properties will be part of a slimmed-down ...Read more

Dreamstime/Dreamstime/TNS

What is the kiddie tax, how does it work and who has to pay it?

Business / Business News /

If a child collects a sizable amount of money from investments or other sources of unearned income in a given year, their parent or guardian will likely need to pay taxes on it. While a portion of the child’s income isn’t taxed, after reaching a certain level of income, a specific tax rule — nicknamed the kiddie tax — applies.

Here’s ...Read more

Dreamstime/Dreamstime/TNS

Higher prices, evolving technology complicate back-to-school shopping

Business / Business News /

Color-coded folders and notebooks. A fresh stash of pens and pencils. A new outfit.

Millions of American students from preschool through college, and their (often) bankrolling parents, back-to-school shop ahead of each fall. But as prices rise, technology evolves and new products hit the shelves, families are seeking ways to keep checking off ...Read more

Boeing/TNS/TNS

Boeing machinists in St. Louis reject new contract

Business / Business News /

ST. LOUIS COUNTY, Missouri — Thousands of union workers on Sunday rejected The Boeing Co.’s offer of a double-digit raise in their new contract, laying the ground work for the machinists’ first strike here in decades.

More than 3,200 members represented by the International Association of Machinists and Aerospace Workers District 837 “...Read more

Dreamstime/Dreamstime/TNS

Motormouth: Aww, nuts!

Business / Business News /

Q: I just took my 2017 Jeep Compass to the dealer for an oil change and tire rotation. The mechanic said he couldn't do the rotation because all the lug nuts were swollen, due to water that had been behind them, and they could not be put back on after a rotation. Cost: $400, or about $20 per lug nut.

How did water stay there and do damage? I ...Read more

Chip Somodevilla/Getty Images North America/TNS

As Trump vs. Powell drama heats up, the Fed may be starting to debate when to cut interest rates

Business / Business News /

The Federal Reserve is preparing to go another month without cutting interest rates, fully knowing that one person in particular won’t be very happy about it: President Donald Trump.

In the run-up to the Fed’s July meeting, the White House has unleashed its fiercest pressure campaign yet on the central bank and Chair Jerome Powell. Trump ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Union Pacific is said to near deal for Norfolk Southern

Business / Business News /

Union Pacific Corp. could reach an agreement to acquire Norfolk Southern Corp. and create a transcontinental rail behemoth as soon as early next week, people familiar with the matter said.

The deal, which would be the largest deal ever in the rail industry, is likely to include both cash and stock, according to the people, who asked not to be ...Read more

Katy Kildee/The Detroit News/TNS

'Trying to be Jeeps': Why automakers are leaning into off-roading trims

Business / Business News /

Brawny SUVs like the Jeep Wrangler, Toyota Land Cruiser and Ford Bronco were once among a handful of vehicles that came ready to tackle mud, rocks and sand as soon as they left the factory.

Now, carmakers are increasingly adding many of the same stock off-roading features to all types of models: mild-mannered crossovers, three-row family ...Read more

Bob Daemmrich/ZUMA Press Wire/TNS

Tesla will start testing its robotaxis in the Bay Area, report says

Business / Business News /

Elon Musk may be bringing his robotaxis to the Bay Area soon to compete head to head with the other leaders in the driverless vehicle market.

Tesla plans to launch an invite-only service in the Bay Area as soon as this weekend, according to a Business Insider report citing an internal company memo.

The move comes about a month after Tesla ...Read more

Dreamstime/Dreamstime/TNS

DOJ's UnitedHealth investigation likely biggest Medicare Advantage fraud probe yet

Business / Business News /

The federal government has upped its scrutiny of Medicare fraud in recent years, but no investigation appears bigger than its probe of UnitedHealth Group.

It’s the biggest because UnitedHealth is the nation’s largest provider of Medicare Advantage benefits, a privatized form of Medicare. And United’s Medicare business is the target of not...Read more

Murray Close/Lionsgate/Lionsgate/TNS

Hollywood is struggling. So why does anyone want to buy a movie studio now?

Business / Business News /

LOS ANGELES — The theatrical box office market is down. It's harder than ever to get people out of their homes and into the cinema. The business model for movies in streaming is still a work in progress.

Given all these challenges, who would want to buy a movie studio now?

Many people, it turns out. Earlier this month, the entertainment ...Read more

Activision/TNS

'Call of Duty' maker goes to war with 'parasitic' cheat developers in LA federal court

Business / Business News /

LOS ANGELES — Two summers ago, the Santa Monica, California-based company behind the popular video game "Call of Duty" sent a letter to a 24-year-old man in Antioch, Tennessee, who went by the online handle "Lerggy."

Known in real life as Ryan Rothholz, court filings say, he is the creator of "Lergware," hacking software that enabled "Call of...Read more

Rafael Henrique/Dreamstime/TNS

Michael Hiltzik: Here's the number that could halt the AI revolution in its tracks

Business / Business News /

The artificial intelligence camp loves big numbers. The sum raised by OpenAI in its latest funding round: $40 billion. Expected investments on AI by Meta, Amazon, Alphabet and Microsoft this year: $320 billion. Market value of Nvidia Corp., the supplier of chips for AI firms: $4.2 trillion.

Those figures are all taken by AI adherents as ...Read more

TOYOTA/TNS

Auto review: The 2025 Toyota 4Runner may be new, but remains familiar

Business / Business News /

For the first time in 15 years, there’s a new Toyota 4Runner. And while the 2025 edition may be new, it remains what it’s always been: a steel box standing on its toes with the long-term survival instincts of Cher.

Having hibernated without a significant change since the debut of the Apple iPad, the 2025 Toyota 4Runner no longer seems as if...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 Ford Maverick Lobo brings a new flavor to the market

Business / Business News /

As the truck market has continued to grow and develop, consumers have continued to demand more and more of manufacturers. In recent years, Ford released the Maverick, a small compact pickup aimed at drivers with honey-do lists, and took a big gamble by using a previously failed nameplate. In typical Ford fashion, they have capitalized on the ...Read more