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Rokas Tenys/Dreamstime/TNS

Microsoft nears OpenAI agreement for ongoing tech access

Business / Business News /

Microsoft Corp. is in advanced talks to land a deal that could give it ongoing access to critical OpenAI technology, an agreement that would remove a major obstacle to the startup’s efforts to become a for-profit enterprise.

The companies have discussed new terms that would let Microsoft use OpenAI’s latest models and other technology even ...Read more

Andrew Harnik/Getty Images North America/TNS

Trump EPA moves to nix key Obama-era finding, last remaining tailpipe emission rules

Business / Business News /

WASHINGTON — The Trump administration moved Tuesday to eliminate the last major environmental regulation on the U.S. auto industry.

The long-expected step came via a proposal to eliminate a key 2009 finding that enabled the U.S. Environmental Protection Agency to regulate greenhouse gas emissions. The repeal of that finding could trigger a ...Read more

John T. Greilick/The Detroit News/TNS

Ford secures $3B line of credit amid fluctuating environment

Business / Business News /

Ford Motor Co. has secured a $3 billion line of credit ahead of another tariff deadline on Friday and amid shifting policy around fuel economy regulations.

The Dearborn automaker can draw upon the funds as it wishes for a year, and it must maintain at least $4 billion in cash during that period, according to the Tuesday filing with the ...Read more

Carlos Gonzalez/The Minnesota Star Tribune/TNS

UnitedHealthcare dropping some Medicare Advantage plans, impacting 600,000

Business / Business News /

UnitedHealth Group’s massive health insurance business will drop some Medicare Advantage health plans covering more than 600,000 people as it tries to reverse its financial declines.

The company’s insurance arm, UnitedHealthcare, is the nation’s largest provider of Medicare Advantage health plans, which are a privatized version of the ...Read more

Jason Redmond/Getty Images of North America/TNS

Boeing still burns cash, but CEO sees 2025 as 'turnaround' year

Business / Business News /

Though still burning through cash, Boeing significantly cut its losses in the second quarter, marking another step forward on its path to recovery.

The company on Tuesday reported a net loss of $612 million, or 92 cents per share, for the three months from April to June.

During the same three months last year — when Boeing was still reeling ...Read more

JOSE CARLOS FAJARDO/Bay Area News Group/TNS

California's property insurance apocalypse: Some progress, no immediate relief

Business / Business News /

During Orinda, California, homeowner Yasaman Nazmi Lee’s home-insurance saga — one of millions playing out across California as the age of mega-fires drives insurers to pull back from coverage and raise prices — there was bad news, then good news. But even the good news was not great.

Nazmi Lee’s insurer, Travelers, threatened to drop ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Stellantis reinstates 2025 guidance as new CEO predicts 'tough decisions'

Business / Business News /

Promising recovery under a new CEO, Chrysler parent Stellantis NV on Tuesday reinstated its annual guidance that in the second half of the year, it will post higher net revenue than in the first half and a low single-digit operating income margin.

The forecast starts providing a picture of what the transition led by Antonio Filosa, who took ...Read more

Justin Sullivan/Getty Images North America/TNS

UPS reports declines in quarterly revenue, profit as business shrinks

Business / Business News /

UPS saw its second quarter revenue and profit decline compared with a year ago as it faces trade volatility and decreased U.S. shipping volumes.

The shipping giant reported $1.28 billion in net income for the second quarter, down nearly 9% from $1.4 billion a year ago.

Its quarterly revenue was $21.2 billion, nearly 3% from $21.8 billion a ...Read more

Robert Gauthier/Los Angeles Times/TNS

California dairy farmers get $230 million to help cover costs of bird flu losses

Business / Business News /

The federal government has paid California dairy farms more than $230 million to subsidize losses in milk production resulting from bird flu, records show, an amount that the dairy industry expects to climb higher as more claims for damages are processed.

The H5N1 bird flu has swept through more than 75% of California's 1,000 dairy farms since ...Read more

Bill Lukitsch/Minnesota Star Tribune/TNS

Minnesota offers new protections to control 'staggering' amounts of personal info

Business / Business News /

Minnesotans can obtain more information about how companies use their personal data, and the right to demand corrections or deletions, under a new state law taking effect this week.

The law allows consumers to request to see their personal data maintained by a company. It’s unclear how quickly businesses will be prepared to comply with it, ...Read more

Dreamstime/Dreamstime/TNS

A Michigan problem: Too many deer + too few hunters = stressed farmers

Business / Business News /

When Logan Crumbaugh was growing up on his family’s farm in Gratiot County, Michigan, spotting a deer was a rare and special occasion.

But these days, he and other farmers in Michigan's Lower Peninsula are seeing way more bucks and does crossing their fields and devouring crops in a feeding frenzy that's due in part to the declining ...Read more

Henry Payne/The Detroit News/TNS

Shopping for an electric vehicle? How long until that $7,500 tax credit expires?

Business / Business News /

Michael Buday has one eye on the calendar as he makes plans to purchase a used Tesla. The Orange County, California, resident has two months left to take advantage of a federal tax credit that could save him thousands of dollars if he buys an electric vehicle.

The federal government will stop paying a $7,500 incentive for new electric vehicles ...Read more

Armando L. Sanchez/Chicago Tribune/TNS

Parking minimums eliminated in much of Chicago, change aimed at adding housing density

Business / Business News /

In what proponents say is a pivotal change to how housing gets built in much of Chicago, developers will now have the easy option to dedicate less space to cars after the City Council eliminated parking minimums near public transit.

Builders putting residences within a half mile of a Chicago Transit Authority train or within a quarter mile of a...Read more

Stacey Wescott/Chicago Tribune/TNS

Impact of Trump's immigration crackdown felt in Chicago suburbs

Business / Business News /

Armando Gambino Hernandez was laid off in early April after 17 years working at the same pizza factory in Chicago's western suburbs.

He learned of his termination from several co-workers, who said owner Nestlé was acting on federal orders to fire all employees without legal documentation. Hernandez, 51, originally from Durango, Mexico, does ...Read more

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