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Tariffs blamed for hundreds of layoffs at Volvo truck plants

Business / Business News /

Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of hundreds of layoffs in three states amid market uncertainty and recent tariffs.

Volvo Group, a maker of heavy-duty trucks, plans to lay off as many as 800 people at facilities in Maryland, Pennsylvania and Virginia, a spokesman said Tuesday.

“...Read more

Genaro Molina/Los Angeles Times/TNS

Trump's tariffs threaten Southern California's $300 billion trade industry, report says

Business / Business News /

President Trump's tariffs, along with growing land-use and environmental regulations, could devastate Southern California's nearly $300 billion trade and logistics industry in the coming years, according to a Los Angeles County Economic Development Corp. report released Tuesday.

The report, commissioned last year by the public policy group ...Read more

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Amazon must negotiate with Teamsters at San Francisco warehouse, NLRB says

Business / Business News /

Amazon is obligated to collectively bargain with warehouse workers at its San Francisco distribution facility, the U.S. federal labor board says.

A complaint issued Monday by a regional director of the National Labor Relations Board accused Amazon of illegally refusing to negotiate with employees after a majority signed union authorization ...Read more

Trump says he has no intention of firing Fed chief Powell

Business / Business News /

President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.

“Never did,” Trump told reporters on Tuesday. “The press runs away with things. No, I have no intention of firing him. I would like to see him be a ...Read more

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23andMe says 'independent' person to guide DNA decisions is important in its bankruptcy case

Business / Business News /

ST. LOUIS — Attorneys general from about 30 states, including Missouri, say the popular DNA testing company 23andMe shouldn't be allowed to decide on its own how to handle the genetic data of its 15 million customers as the company goes through bankruptcy.

The states are asking the court to appoint an independent consumer privacy ombudsman ...Read more

Major auto groups make united plea for tariff relief from Trump

Business / Business News /

WASHINGTON — Industry trade groups representing automakers, dealers and suppliers sent a joint letter Monday to top Trump administration officials urging relief from tariffs on auto parts set to take effect next month.

"Tariffs on auto parts will scramble the global automotive supply chain and set off a domino effect that will lead to higher ...Read more

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As companies return to the office, spas and other amenities are key to wooing workers back

Business / Business News /

CHICAGO — Neil Schneider and his co-workers at architectural firm HOK are already enjoying the 11th floor cafe and gathering spaces at One Prudential Plaza in the East Loop and look forward to using a revamped outdoor amenity deck by summer.

“People can go down there with their lunch, enjoy it and not feel they have to be in the office all ...Read more

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Target calls CEO Brian Cornell's meeting with Trump about tariffs 'productive'

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Target CEO Brian Cornell and other retail chiefs had a “productive meeting” about tariffs on Monday with President Donald Trump.

The meeting, which included Walmart CEO Doug McMillon and Home Depot CEO Ted Decker, was “to discuss the path forward on trade,” Target said in a statement. “We remain committed to delivering value for ...Read more

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Trump's trade war shaking pillars of financial system, IMF warns

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President Donald Trump’s trade war is threatening the global financial stability that’s kept banks and insurers safe since the 2008 crisis, the International Monetary Fund warned, as it urged policymakers to bolster their industries’ defenses.

The world has seen a sharp repricing of some assets and heightened volatility across stock, ...Read more

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Retailers, including Target, Walmart and Home Depot CEOs, meet with Trump to discuss tariffs

Business / Business News /

President Donald Trump met with top American retailers Monday to discuss the impact of tariffs on their businesses.

The meeting took place at the White House and included Target CEO Brian Cornell, Walmart CEO Doug McMillon and Home Depot CEO Ted Decker.

“We had a productive meeting with President Trump and our retail peers to discuss the ...Read more

Smiley N. Pool/The Dallas Morning News/TNS

Airline customer satisfaction drops, study says

Business / Business News /

A new study shows a decline in customer satisfaction with airlines and other travel firms, according to the American Customer Satisfaction Index.

The decreased satisfaction comes amid a drop in travel, a shaky economy and concerns about the future for premium travel services, the study says.

Business travelers and other “high-value” ...Read more

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Smart roads could lead the way to faster, safer travel -- and beating China

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DETROIT — Smart roads that enable vehicles to communicate with traffic infrastructure could help goods and people travel faster and be the key to unlocking innovation to help the United States compete with China, one Bank of America automotive analyst is suggesting.

Worries about China's economic activity and research and development are ...Read more

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Boeing sells Jeppesen unit to Thoma Bravo for $10.6 billion

Business / Business News /

Boeing Co. agreed to sell its flight navigation unit and related assets to Thoma Bravo for $10.6 billion in cash, the first major portfolio transaction under Chief Executive Officer Kelly Ortberg as he seeks to shore up the planemaker’s finances.

The deal involving the Jeppesen business also includes Boeing’s ForeFlight, AerData and ...Read more

Amazon must negotiate with Teamsters, Labor Board prosecutors say

Business / Business News /

US labor board prosecutors are trying to compel Amazon.com Inc. to collectively bargain with its San Francisco warehouse workers, boosting the Teamsters union’s efforts to organize the e-retail giant.

In a complaint issued Monday, a regional director of the National Labor Relations Board alleged the company violated federal law by refusing to...Read more

Daniel Mears/The Detroit News/TNS

Stellantis to pause production at Detroit plants that make Grand Cherokee

Business / Business News /

Stellantis NV's Detroit Assembly Complex plants that build Jeep Grand Cherokee and Dodge Durango SUVs will pause production next week, the latest of several plant cutbacks made by the automaker in recent weeks.

The Mack and Jefferson North facilities in east Detroit will halt production for the week of April 28, with Mack also scheduled to take...Read more

Nick Wagner/The Seattle Times/TNS

At Seattle's Filson, challenge of reshoring US factory jobs is clear

Business / Business News /

As U.S. politicians promise to rebuild American manufacturing with tariffs, the transformation of Filson, Seattle-born maker of rugged, high-end apparel, shows just how complicated that task could be.

At Filson’s flagship store-workshop on First Avenue South, visitors can still watch workers busily assembling the company’s $550 Filson ...Read more

Myung J. Chun/Los Angeles Times/TNS

Former Edison executive, now a California lawmaker, seeks to cut rooftop solar credits

Business / Business News /

Nearly 2 million California rooftop solar owners could lose the energy credits that help them cover what they spent to install the expensive climate-friendly systems under a proposed state bill.

The bill’s author, Assemblymember Lisa Calderon, D-Whittier, is a former executive at Southern California Edison and its parent company, Edison ...Read more

Christina House/Los Angeles Times/TNS

DOGE layoffs of federal mediators leave grocery chain talks and other labor disputes in limbo

Business / Business News /

In late March, Isael Hermosillo received an ominous message from his supervisor around 7 a.m. ordering him to cancel all his meetings scheduled that day.

Hermosillo rushed to notify several locals of the United Food and Commercial Workers union as well as attorneys for Albertsons and Kroger that he would not be able to attend a session in Buena...Read more

Ray Chavez/Bay Area News Group/TNS

Tesla settles lawsuit by Black worker who alleged widespread racism at Fremont electric car factory

Business / Business News /

Tesla has settled a lawsuit by a worker in its Fremont electric car factory who claimed she was harassed and discriminated against because she is Black.

Raina Pierce sued the automaker in 2022, alleging that her manager referred to the facility as “the plantation” and the “slave house,” and that her supervisor called her a racial slur ...Read more