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Michael Hiltzik: Paramount-Warner fight shows the hostile takeover is back. So are the egos of the combatants

Business / Business News /

If there were any doubts that hostile corporate takeovers, which went into a decline after their heyday in the 1980s, are back, the $78 billion hostile bid by Paramount for Warner Bros. Discovery should put them to rest.

The bid by Paramount, which is controlled by the family of billionaire Larry Ellison, has many of the features of hostile ...Read more

Dreamstime/Dreamstime/TNS

Time names 'Architects of AI' 2025 Person of the Year

Business / Business News /

Time has named “the Architects of AI” as the magazine’s 2025 Person of the Year, recognizing the influence of the revolutionary technology on society, culture and the future of work.

This year, the honor given to any person, group, idea, or object that most influenced the global conversation over the past 12 months went to the individuals...Read more

Real estate Q&A: Can condo board keep me from renting if my credit score is barely too low?

Business / Business News /

Q: I’ve been having an issue while trying to rent a condo apartment. I have a good job, drive a nice car and have a credit score of 690. The condo’s board has refused to let me rent in their building because they say the rules require a minimum credit score of 700. Are they allowed to deny my application for this reason? —Gordon

A: Yes, ...Read more

Los Angeles Times/TNS

California pro-housing group sues Newsom over duplex ban in wildfire zones

Business / Business News /

A pro-housing group sued Gov. Newsom on Wednesday over his decision to restrict SB 9, a housing law that allows owners to parcel up their properties, in the wake of the January fires.

YIMBY Law, a San Francisco-based organization, alleges that Newsom's executive order over the summer allowing cities to suspend SB 9 is a constitutional overreach...Read more

Dreamstime/Dreamstime/TNS

Coca-Cola names new CEO Henrique Braun to succeed James Quincey

Business / Business News /

Coca-Cola has named a successor to CEO James Quincey who will take the reins of the global beverage giant early next year.

Executive Vice President and Chief Operating Officer Henrique Braun will become chief executive on March 31, with Quincey moving into the role of executive chairman, Coca-Cola said in a late Wednesday news release. Braun ...Read more

Carline Jean/South Florida Sun Sentinel/TNS

Most Citizens Insurance customers in South Florida could see rates fall by more than 11% in 2026

Business / Business News /

Most customers of state-owned Citizens Property Insurance Corp. could see significant rate decreases in 2026.

The company is recommending an average 2.6% statewide rate decrease for personal lines accounts beginning on June 1, the start of hurricane season.

Across the state, a projected 463,096 policyholders would save an average of $359 ...Read more

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Fed cuts rates with three dissents, projects one cut in 2026

Business / Business News /

Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.

The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater...Read more

Allison Robbert/AFP/Getty Images North America/TNS

Federal workforce's toll after a year of DOGE and Trump: 317,000

Business / Business News /

The number of federal employees who left their jobs in 2025 will total about 317,000, according to the Office of Personnel Management, after efforts by Elon Musk and the Trump administration to reshape the government workforce.

In the most detailed official accounting to date, OPM Director Scott Kupor said Wednesday in a post on X that the ...Read more

AMAZON PRESS RELEASE/TNS

Amazon bets on color and AI with its priciest Kindle to date

Business / Business News /

Amazon.com Inc.’s new Kindle Scribe Colorsoft is the company’s most serious effort yet to turn its e-reader into a productivity tool. But with a starting price of $630 — making it the priciest Kindle yet — Amazon will need to persuade even its most loyal readers that the upgrade is worth it.

The device, which went on sale starting in ...Read more

David Guralnick/The Detroit News/TNS

Report: Michigan's auto industry still leads, but competitors are gaining

Business / Business News /

Michigan's auto industry remains dominant by several metrics but faces serious threats from southern states and China, from the electric vehicle transition and other technological upheaval, and from educational shortcomings, a new MichAuto report finds.

"Michigan cannot expect to win the future of the industry through legacy alone," Glenn ...Read more

Jim Watson/AFP/Getty Images North America/TNS

Fed cuts rates with three dissents, projects one cut in 2026

Business / Business News /

Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.

The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater...Read more

DREAMSTIME/TNS

Ford, Renault partner for EVs, explore commercial collaboration

Business / Business News /

Ford Motor Co. will develop two passenger electric vehicles for Europe with French rival Renault SA, and the two automakers will explore collaboration on light commercial vehicles.

The companies announced the partnership on Tuesday after the European Commission delayed a meeting scheduled this week to advance an automotive package that could ...Read more

Zbigniew Bzdak/Chicago Tribune/TNS

AI slop ad backfires for McDonald's

Business / Business News /

People aren't lovin' it.

McDonald's was forced to pull down an AI-generated Christmas commercial from YouTube after some consumers said the AI-slop-filled tongue-in-cheek take on the holidays was distasteful.

The ad, titled "It's the most terrible time of the year," was a satirical take on holiday realities. It showed a series of short, ...Read more

Why the Bay Area is key to the new US push to win the international AI race

Business / Business News /

Bay Area laboratories are set to play a central role in the Genesis Mission, a multibillion-dollar effort by the Trump administration to accelerate the nation’s artificial intelligence push in the face of technological advances in China.

The involvement of Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory and the ...Read more

Pitaka/Pitaka/TNS

Tech review: Last call for Christmas tech gift ideas

Business / Business News /

This last Christmas gift guide is concentrated on gifts for the person with a home office or computer desk.

There are gifts here for all ages and price ranges.

I especially loved trying out the reMarkable tablet and the Pitaka case.

Terramaster F4-425 4-Bay NAS

If you have a household full of computer users, chances are you could benefit ...Read more

Alberto Cervetti/Fiat/TNS

Fiat is bringing this tiny city car to the US

Business / Business News /

The Fiat Topolino, a pint-sized city car made for navigating narrow and congested European streets, is coming to the land of oversized pickups and SUVs, brand CEO Olivier Francois says.

Fiat recently showed off the electric two-seater that maxes out at 28 mph at auto shows in New York and Los Angeles, Greenwich, Connecticut's Concours d'...Read more

Gregg Newton/AFP/Getty Images North America/TNS

SpaceX to pursue 2026 IPO raising far above $30 billion

Business / Business News /

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time.

The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would ...Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing's monthly deliveries dip in November

Business / Business News /

Boeing delivered 44 planes in November, a dip from the past five months but higher than its usual November rate, the company said Tuesday.

Over the past five years – which have been marked by the fallout from two fatal 737 MAX crashes, the COVID-19 pandemic and a near-catastrophic panel blowout on an Alaska Airlines 737 MAX – Boeing has ...Read more

Gina Ferazzi/Los Angeles Times/TNS

Holiday shipping deadlines: When to ship your gifts this year so they arrive on time

Business / Business News /

Time is running out for you to ensure your shipped gifts arrive on time for such end-of-the-year celebrations as Christmas, Hannukah and Kwanza.

Mail carriers say they're more than prepared to handle the increased volume in deliveries — but only if you get postage on your packages and ship them quickly.

With automation and AI-driven ...Read more

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Women are now leaning out in the workplace, Sheryl Sandberg says

Business / Business News /

After years spent leaning in to get ahead at work, professional women are leaning out.

Women are less interested than men in getting promoted to the next level, reversing a decade-long trend, according to a new study released Tuesday by advocacy group LeanIn.org and consultant McKinsey & Co. Some 69% of entry-level women, 82% of mid-career, and...Read more