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Nexstar Media-Tegna integration in limbo pending court ruling

Business / Business News /

A California federal judge held off on deciding whether Nexstar Media Group Inc. can resume its integration of Tegna Inc. following an hourslong hearing on whether a merger creating the largest local TV operator in the US violates antitrust law.

US District Judge Troy L. Nunley in Sacramento said he would issue a written order shortly on ...Read more

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Musk seeks ouster of OpenAI CEO Sam Altman as trial looms

Business / Business News /

Elon Musk is seeking to have OpenAI Chief Executive Officer and board member Sam Altman removed from his roles at the artificial intelligence startup as part of the billionaire’s legal challenge to the ChatGPT maker’s conversion to a for-profit company.

Musk said in a Tuesday court filing that the goal of his lawsuit is to “unwind OpenAI�...Read more

Carlos Gonzalez/The Minnesota Star Tribune/TNS

US Bank scores new partnership with NFL

Business / Business News /

U.S. Bank is becoming the official bank of the NFL.

The Minneapolis-based bank and the pro football league are entering a yearslong partnership that will make U.S. Bank the presenting sponsor of the Super Bowl MVP Award and a top sponsor of the NFL’s FLAG Championships, its no-contact game for youth. The bank will also act as a wealth manager...Read more

Tyger Williams/The Philadelphia Inquirer/TNS

The Philadelphia area lost thousands of federal jobs last year. These agencies were hit the hardest

Business / Business News /

The Philadelphia area’s federal workforce was cut back by thousands last year under President Donald Trump — and for the first time, which agencies were hit the hardest by job loss has become clear.

Since Trump took office, his administration has sought to shrink and reshape the federal workforce. Last year, government agencies laid off ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Wharton is no longer the best business school in the US

Business / Business News /

The Wharton School is no longer the top-ranked business school in the country, according to an annual list from U.S. News & World Report.

The University of Pennsylvania’s business school, which held the No. 1 spot in 2025, fell to No. 2 this year. Wharton has shared the top spot with other schools in recent years.

The change “was primarily...Read more

AAron Ontiveroz/The Denver Post/TNS

Colorado lawmakers take another stab at spinning off the state's workers' comp carrier

Business / Business News /

After several failed attempts to spin off Pinnacol Assurance through the state budget, supporters are now taking a different route — pushing new legislation that would lay the groundwork to convert Colorado’s workers’ comp program to a private entity.

Speaker Julie McCluskie, a Dillon Democrat, said she planned to introduce a bill in the ...Read more

Dreamstime/Dreamstime/TNS

Fight over private home listings heats up in WA as real estate giants clash

Business / Business News /

Imagine you're shopping for a home. You've been scouring Zillow and Redfin for months with no luck. But, unbeknown to you, your dream home is actually for sale — you’ll just never see it, let alone get a chance to compete for it.

That scenario is a nightmare for homebuyers, and for the group in charge of Washington's real estate listing ...Read more

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Health insurers pare back some prior-approval requirements

Business / Business News /

U.S. health insurers have made it easier for doctors to get approval before providing certain types of treatment, industry groups said, calling it a sign of progress toward alleviating burdensome delays for patients.

Major health plans said they collectively removed thousands of prior authorization requirements for medical procedures since they...Read more

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US shale drillers seen lifting crude output on Hormuz-driven price rally

Business / Business News /

U.S. shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so.

The 72% surge in crude prices since the U.S. and Israel commenced attacks on Iran roughly five weeks ago is incentive enough to compel American oil executives to ramp up output, according to observers as ...Read more

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General Mills to cut 163 jobs in closure of Missouri pizza crust plant

Business / Business News /

General Mills plans to eliminate more than 160 jobs as it closes its pizza crust plant in St. Charles, Missouri, a company official told state regulators this month.

Minneapolis-based General Mills Inc. expects the job cuts to occur on or about June 8, or within two weeks of that date, the Thursday notice to Missouri officials said.

In total, ...Read more

James Reeder/Hermeus/TNS

Hypersonic aircraft company moves headquarters from Atlanta to California

Business / Business News /

Aerospace startup Hermeus is moving its headquarters to El Segundo from Atlanta as it aims to build autonomous hypersonic aircraft for the military, the latest sign of revival in the region's aerospace and defense sectors.

The company, valued at $1 billion, is opening executive offices and a facility where it will design and build its next ...Read more

Kayla Bartkowski/Los Angeles Times/TNS

Kaiser Permanente made $9.3 billion last year. Critics say it has strayed from its charitable mission

Business / Business News /

Some employees called it the “dash for cash.”

Months after Kaiser Permanente doctors saw a patient, federal prosecutors said, administrators pushed the physicians to add new, false diagnoses to the medical record in a billion-dollar scheme to defraud the government. Kaiser in February paid $556 million to settle the allegations.

“...Read more

Mario Tama/Getty Images North America/TNS

Amazon reaches US Postal Service deal for 1 billion packages

Business / Business News /

Amazon.com Inc. has reached a new agreement with the U.S. Postal Service, providing a lifeline to the beleaguered government agency and securing delivery for customers in rural America.

Under the deal, Amazon will retain about 80% of ​its existing deliveries ​with USPS, or more than ‌1 ⁠billion packages per year, according to a person ...Read more

Juliana Yamada/Los Angeles Times/TNS

Phillips 66 sees nearly $1 billion in losses as oil prices surge

Business / Business News /

Phillips 66 estimated nearly $1 billion in losses from its short position in oil and other related commodity derivative contracts in the first quarter as the war in Iran sent crude and fuel prices skyrocketing.

The refiner projects impacts of $900 million on its standard net-short position on crude, refined oil products, natural gas liquids and...Read more

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Anthropic tops $30 billion run rate, seals deal with Broadcom

Business / Business News /

Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom Inc. and Google to power its burgeoning operations.

The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business customers spending over $1 ...Read more

David Guralnick/The Detroit News/TNS

Sign of the times: GM brand names removed from Renaissance Center

Business / Business News /

General Motors Co.’s vehicle brand names are no longer displayed on the Renaissance Center's digital signage.

The vehicle brand names had appeared after the GM logo was removed from the tallest tower in January when the company moved its headquarters to Bedrock's Hudson's Detroit on Woodward, said GM spokesperson Kevin Kelly.

GM, which owns ...Read more

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Oracle cuts over 600 Bay Area jobs in new waves of layoffs

Business / Business News /

Oracle disclosed plans to slash 654 jobs in the Bay Area after recent reports that the company had emailed termination notices to potentially thousands of employees worldwide.

The software and cloud services company will eliminate 312 jobs in Redwood City, 184 positions in Santa Clara and 158 jobs in Pleasanton, according to WARN notices that ...Read more

Jason Resmond/Getty Images of North America/TNS

OpenAI asks AG to investigate Elon Musk's 'anti-competitive' behavior ahead of trial

Business / Business News /

OpenAI has asked Attorney General Rob Bonta to investigate allegations that Tesla executive Elon Musk and Meta executive Mark Zuckerberg are working together to undermine OpenAI’s philanthropic efforts and boost Musk’s ongoing lawsuit against the artificial intelligence behemoth and its chief executive, Sam Altman.

Last month, OpenAI ...Read more

Kevin Clark/The Seattle Times/TNS

Iran war is about to add costs for Amazon merchants

Business / Business News /

Amazon will charge some sellers on its platform a 3.5% surcharge later this month, as the war in Iran drives up oil prices and increases the e-commerce giant’s costs.

The affected sellers are the critical mass of Amazon’s online marketplace, independent merchants that sell products through Amazon and also rely on the company for packing and...Read more

Kevork Djansezian/Getty Images North America/TNS

SpaceX' IPO pitch centers on Elon Musk's ability to 'sell the dream'

Business / Business News /

SpaceX and investment bankers will host meetings to pressure-test the Elon Musk-led company’s targeted $2 trillion valuation, a crucial step as it drives toward the largest-ever initial public offering, people familiar with the matter said.

Two months after a merger with xAI, senior bankers are poised to begin talks around the rocket, ...Read more