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Aric Crabb/Bay Area News Group/TNS

Health care unions to end historic strike at Kaiser Permanente

Business / Business News /

The largest open-ended strike of health care professionals in U.S. history will end Tuesday, without workers winning on a key wage demand.

Spokespersons for the United Nurses Associations of California/Union of Health Care Professionals said Monday it had notified Kaiser of plans to formally end the major work stoppage, which stretched over ...Read more

Richard B. Levine/Levine Roberts via ZUMA Press/TNS

Pension funds invest in private credit. What are these high risk, high reward loans?

Business / Business News /

When the economy is good, predictions for the next downturn abound: when it will start, what will cause it and who stands to lose.

This time around, Wall Street-watchers are warning about private credit, a high-risk, high-reward debt market that shuttles billions of dollars beyond the constraints of traditional banking.

Defaults on these risky...Read more

Robert Gauthier/Los Angeles Times/TNS

Buyer for Oceanwide Plaza's infamous graffitied towers emerges

Business / Business News /

A buyer has emerged for the notorious graffiti-bedecked towers in downtown Los Angeles — a Riverside County developer who intends to finish the stalled $1.2-billion project.

The proposed buyer of the residential, hotel and retail project in bankruptcy proceedings is a partnership led by Kali P. Chaudhuri, whose KPC Development Co. owns and ...Read more

Justin Sullivan/Getty Images North America/TNS

San Francisco lawmakers announce plan to 'break up' with PG&E

Business / Business News /

Bay Area lawmakers on Monday announced new legislation that would allow San Francisco to exit its 120-year relationship with Pacific Gas & Electric, the investor-owned utility that serves about 16 million people across Northern and Central California.

Senate Bill 875 would enable the city and county of San Francisco to finalize purchase of PG&E...Read more

Elizabeth Flores/The Minnesota Star Tribune/TNS

Hormel sells whole-turkey business to another Minnesota company, but Jennie-O remains

Business / Business News /

Hormel Foods is selling its whole-bird turkey business to another Minnesota company as the turkey industry faces waning consumer demand.

The sale to Willmar-based Life-Science Innovations includes a Melrose production facility and a Swanville feed mill, along with associated transportation equipment. But Hormel, headquartered in Austin, will ...Read more

Katy Kildee/The Detroit News/TNS

Rents are rising fast in Michigan's mid-size cities. Here's why

Business / Business News /

Michiganians looking to escape high rents in the state’s biggest cities might have a hard time this year, even in metro areas that have historically been affordable.

The cost of rent in mid-market areas like Lansing and Battle Creek has risen much faster than in Detroit or Grand Rapids over the last few years, according to data compiled by ...Read more

Andrew Harnik/Getty Images North America/TNS

Anthropic's CEO to meet Hegseth amid feud over Pentagon work

Business / Business News /

Anthropic PBC Chief Executive Officer Dario Amodei will meet with U.S. Defense Secretary Pete Hegseth on Tuesday, according to a senior Pentagon official, as contract talks with the artificial intelligence startup remain deadlocked over the company’s insistence on guardrails for use of its technology.

There were no further details on the ...Read more

Spencer Platt/Getty Images North America/TNS

Trump family's crypto venture says it faced 'coordinated attack'

Business / Business News /

World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product.

USD1, the dollar-pegged stablecoin issued by World Liberty, briefly traded below $1 on Monday before climbing back to par, according to crypto data tracker ...Read more

Carlos Gonzalez/Minnesota Star Tribune/TNS

Inside the fight over corporate activism and the Minnesota CEO letter

Business / Business News /

MINNEAPOLIS — The pressure on the CEOs of Minnesota’s biggest companies to publicly condemn the Trump administration’s massive deportation campaign was building for weeks.

The day before U.S. citizen Alex Pretti was killed, hundreds of Target employees crafted a letter of outrage to executives for not condemning the arrest of two of its U...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

AbbVie plans to spend $380 million building two new manufacuturing facilities in North Chicago

Business / Business News /

Biopharmaceutical company AbbVie plans to spend $380 million building two new manufacturing facilities in North Chicago, Illinois – a rare example of a project that’s in line with initiatives by the administrations of Illinois Gov. JB Pritzker and President Donald Trump.

The two plants are expected to create 300 new jobs, including ...Read more

A new microchip shortage is looming. Automakers are racing to prepare

Business / Business News /

Automotive industry analysts are forecasting that another microchip shortage could hit in the coming months, which could increase risks for production halts as costs skyrocket.

The shortage would not be of general-purpose semiconductors, or microcontrollers, that caused plant shutdowns, low vehicle inventories, disabled features and higher ...Read more

Tim Boyle/Getty Images North America/TNS

Mr. Clean retires after 68 years as company mascot

Business / Business News /

Mr. Clean appears to be calling it quits.

The retirement of the bald, animated mascot used in Mr. Clean ads and on products since 1958 was announced in a social media ad posted Thursday.

That ad features Mr. Clean standing behind a podium with a “breaking news” chyron flashing across the screen.

“After a career with zero stains on the ...Read more

Genaro Molina/Los Angeles Times/TNS

California senators call for investigation into insurance department over handling of LA wildfire claims

Business / Business News /

Two California senators have asked for an investigation into the state insurance department's handling of complaints filed by Los Angeles wildfire victims struggling to collect payouts from State Farm.

The calls follow a Los Angeles Times report Thursday that revealed a range of complaints among more than a dozen fire victims over how the state...Read more

Robin Buckson, The Detroit News/The Detroit News/TNS

How the tariff ruling could affect autos, other Michigan industries

Business / Business News /

WASHINGTON — The Supreme Court's decision to strike down a pillar of President Donald Trump's sweeping tariff policies could have broad impacts on Michigan's trade-reliant economy, though little will change for the state's signature auto industry.

"The decision released this morning from the Supreme Court, striking down the use of the ...Read more

DREAMSTIME/TNS

Pittsburgh trails competitors in industrial jobs, but leaders see bright spots ahead

Business / Business News /

Pennsylvania is trailing its neighbors in recovering industrial jobs lost during the pandemic — and the Pittsburgh region is worse off than most others across the state, according to a new report from the economic development group Pittsburgh Works.

The numbers are “sobering,” said Colliers real estate firm principal John Bilyak on ...Read more

Dai Sugano/Bay Area News Group/TNS

Econometer: Does California need new cities?

Business / Business News /

There are several proposals to build cities from scratch in California to address housing undersupply and also create new urban centers without being hampered by city holdups.

Silicon Valley moguls are attempting to build a city of 400,000 an hour north of San Francisco, and there is another proposal for a new urban center in Sonoma County on ...Read more

Ronaldo Schemidt/AFP/Getty Images North America/TNS

How energy costs, grocery prices and other everyday expenses have changed one year into the second Trump administration

Business / Business News /

It’s been just over a year since President Donald Trump returned to the White House. In that time, he’s moved at a breakneck pace to enact his campaign promises, rolling back environmental regulations and protections, overturning national vaccine guidance and health policy, executing full-forced immigration raids in cities like Minneapolis ...Read more

Kevork Djansezian/Getty Images North America/TNS

Largest supplier of wine in US faces layoffs and closure of key Napa facility

Business / Business News /

California wine giant Gallo is laying off more than 90 employees and closing a major Napa Valley wine-making facility.

The Modesto company said Thursday the cuts are necessary to adapt to market dynamics and changing customer demands.

In total, 93 employees across five sites will lose their jobs, according to a Worker Adjustment and Retraining...Read more

Henry Payne/The Detroit News/TNS

Auto review: Floggin' the Nissan Versa, last of the $20k cars

Business / Business News /

NAPLES, Florida — And then there were none.

My subcompact 2025 Nissan Versa sedan tester was the last of its breed: a new car that starts under $20,000. The $18,350 Versa ceased production for sale in the United States at the end of 2025. The subcompact Kia Soul SUV takes over as the most affordable new 2026 vehicle on the market at $21,935. ...Read more

Larry Chen/Nissan/TNS

Auto review: 2026 Nissan Sentra SR: Quietly capable while you dream of something else

Business / Business News /

The 2026 Nissan Sentra has been redesigned, which means that a committee spent several million dollars rearranging the same basic shapes and then issued a press release. Will anyone notice? Nissan dealers will, because they have inventory to move and quotas to hit. The rest of civilization will politely squint and walk past it.

The 2026 Nissan ...Read more