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Trump approves 'planned partnership' between US Steel and Japan's Nippon Steel

Business / Business News /

President Donald Trump said Friday that he has approved a “planned partnership” between U.S. Steel and Nippon Steel, appearing to greenlight a proposed merger first announced in December 2023.

In a post on his social media site Truth Social, Trump heralded the deal that would keep U.S. Steel in America and its headquarters in Pittsburgh —...Read more

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Louis Vuitton bets big on Rodeo Drive with new Frank Gehry-designed store

Business / Business News /

LOS ANGELES — Louis Vuitton is gearing up to go over the top again in Beverly Hills.

With plans for an ultra-opulent hotel on Rodeo Drive stymied by voters two years ago, the Paris fashion house's owners are back with a proposal for a theatrical flagship store designed by architect Frank Gehry that would anchor the north end of the famous ...Read more

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Disney vs. YouTube. The fight for talent heads back to court

Business / Business News /

In the last several years, YouTube has become an increasingly formidable competitor to streaming services and entertainment studios, providing videos from amateur and professional creators, as well as livestreaming major events and NFL games.

Now its growing threat to studios is headed to the courts.

The Google-owned platform recently poached ...Read more

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Auto review: 2025 Lexus LX700h is big, brawny and ready for everything

Business / Business News /

While automakers continue to offer larger and larger vehicles, Lexus has no problem touting its ever-popular LX. The long-lasting success of the big-fleet Lexus models needs no introduction and has been around for years.

This week we're testing the 2025 Lexus LX700h Overtrail. Wrapped in Nori Green Pearl, the seven-seater off-road powerhouse ...Read more

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Auto review: Hello mudder: The 2026 Honda Passport Trailsport is ready for rough stuff

Business / Business News /

PALMAS DEL MAR, Puerto Rico — Among my earliest memories of driving was riding my Honda Z50s mini-bike along backwoods trails at 11 years old. These bikes were easy for a novice to handle and incredibly fun to ride. They withstood anything us neophyte drivers could dish out. Fast forward a few decades and you have to wonder why, given Honda’...Read more

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Chicagoland Italian beef chain Buona eyes multistate expansion

Business / Business News /

If you’re wondering what to get that special someone for National Italian Beef Day, the annual giardiniera-fest coming up Saturday, consider a different kind of combo: beef and ice cream.

Buona, the homegrown Italian beef chain that created the red-letter day 10 years ago, officially opened its 32nd Chicago-area restaurant this week in Gurnee...Read more

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Apple is back in Trump's crosshairs over where iPhones are made

Business / Business News /

Apple Chief Executive Tim Cook can’t seem to catch a break.

Last month, Apple appeared to secure a major win when the Trump administration agreed to remove tariffs on certain electronics imported from China following concerns that the prices of smartphones and computers could rise.

But Trump threw Apple another curveball this week when he ...Read more

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Before Gov. Walz tussled with Elon Musk, Tesla supercharged Minnesota's EV market

Business / Business News /

Gov. Tim Walz has gloated publicly about Tesla’s business troubles in his political spat with Elon Musk, once even saying he got “a little boost” from the company’s falling stock price. No automaker, however, has been more important for Walz’s goal to convince Minnesotans to buy electric vehicles.

Though still modest, the EV market ...Read more

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Auto review: Hands-free in the Caddy 'Baby Escalade' Vistiq

Business / Business News /

The Baby Escalade is Cadillac’s most mature electric vehicle.

The Vistiq is the fifth and final piece in the GM luxury brand’s EV squadron and, at $79,290, its combination of size, speed and tech make it the best value of the quintet. That value is relative as Caddy’s EV lineup makes a big move to the ultra-luxury EV market (led by its $...Read more

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Trump's R&D funding cuts create job drought for scientists

Business / Business News /

U.S. job openings in research and development are plunging as the Trump administration ramps up funding cuts to government agencies, private contractors and universities, leaving some of the nation’s brightest minds scrambling to find work.

Scientific research and development job postings are down 18% since President Donald Trump took office ...Read more

Anthony Souffle/Minnesota Star Tribune/TNS

Amazon suspends Minnesota data center as lawmakers plan to reduce Big Tech tax breaks

Business / Business News /

Amazon says it has suspended plans for a massive data center in Becker, Minnesota, an announcement that comes after state lawmakers and Minnesota Gov. Tim Walz said they will reduce tax breaks for these projects.

The Seattle-based tech giant said in a statement that it moved ahead with the project initially based on how quickly it thought it ...Read more

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Wynn Resorts fined $5.5M for illegal scheme to recruit high-rollers

Business / Business News /

The Nevada Gaming Commission on Thursday fined Wynn Resorts Ltd. $5.5 million to settle a complaint, the third major fine against a Strip property for failed oversight of illegal gambling this year.

Commissioners voted 4-1 to approve a stipulation of settlement. Commissioner Rosa Solis-Rainey cast the lone vote against approval, believing the ...Read more

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Another 'Hot Coffee Case'? Nevada resident sues after being burned by coffee at McDonald's drive-thru

Business / Business News /

A woman is suing McDonald’s after an employee spilled “scalding hot” coffee into her lap at a drive-thru of a Henderson restaurant, reminiscent of the 1992 landmark “Hot Coffee Case.”

Nevada resident Ranisha Asberry is suing McDonald’s Corp. after an employee did not properly seal the lid of her hot coffee, causing the liquids to ...Read more

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Nevada one step closer to getting a dedicated business court

Business / Business News /

The Nevada Supreme Court has created a business court commission in the latest move to curb Delaware’s dominance in the corporate filings market.

Nevada Supreme Court Chief Justice Douglas Herndon announced plans on Thursday to create a commission to develop rules and regulations for a Nevada business court. A petition from Herndon will be ...Read more

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Tariffs, high building costs, stingy lending make for curious revival of split-levels

Business / Business News /

With six kids, a housekeeper named Alice and Tiger the dog, the fictitious “Brady Bunch” of the 1970s sitcom filmed in a real-life mid-century California house, a perfectly groovy set for all the shenanigans that made the show so popular.

More than 50 years later, that split-level trend is resurfacing, but it’s not because of a newfound ...Read more

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Meta promised $1 billion for affordable housing. Then it quietly walked away

Business / Business News /

In 2019, Meta unveiled an ambitious pledge to spend $1 billion to help ease California’s affordable housing crisis that critics say the company, with its thousands of highly paid employees, played a role in exacerbating.

Yet not even halfway through its 10-year commitment, Facebook’s parent company has largely abandoned its work on the ...Read more

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US existing-home sales decline, marking worst April since 2009

Business / Business News /

U.S. sales of previously owned homes unexpectedly dropped in April to the slowest pace in seven months, restrained by ongoing affordability constraints and highlighting a lackluster start to the key spring selling season.

Contract closings decreased 0.5% to an annualized rate of 4 million, according to National Association of Realtors data ...Read more

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New report reveals at least a quarter of all office space still vacant in downtown San Jose, Oakland and San Francisco

Business / Business News /

SAN JOSE, California — Sky-high downtown office vacancy rates continue to haunt San Jose, Oakland and San Francisco as at least one-fourth of those spaces remain empty in all three urban cores, according to a new report from commercial real estate firm Colliers.

The Colliers report provided to this news organization covers the latest ...Read more

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Airbnb to crack down on 'unauthorized and disruptive' parties on summer bookings

Business / Business News /

Parties at vacation rentals sometimes raise the ire of neighbors when holiday revelry gets out of hand.

Airbnb announced this week it is rolling out “anti-party technology” across the U.S. this summer. The system will be in effect for two upcoming holiday weekends: Memorial Day and the Fourth of July.

The goal of the system, which is being...Read more

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Michael Hiltzik: AI 'hallucinations' are a growing problem for the legal profession

Business / Business News /

You've probably heard the one about the product that blows up in its creators' faces when they're trying to demonstrate how great it is.

Here's a ripped-from-the-headlines yarn about what happened when a big law firm used an AI bot product developed by Anthropic, its client, to help write an expert's testimony defending the client.

It didn't ...Read more