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Yonhap News/ZUMA Press/TNS

Talks continue over release of detained Korean workers. Departure uncertain

Business / Business News /

Workers detained in a raid at the battery plant on the Hyundai Metaplant campus near Savannah, Georgia, last week were expected to be released to return to South Korea.

Korean Air flew a Boeing 747 that arrived as a charter flight to Atlanta on Wednesday, and the plane was expected to fly the workers back to Korea.

But Hartsfield-Jackson ...Read more

BUSINESS WIRE/TNS

DoorDash plans to test drone deliveries in San Francisco warehouse

Business / Business News /

Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco.

The tech company leased a warehouse in the Mission District last month that will serve as a research and development space to advance its autonomous delivery technology, a June letter sent to San Francisco Zoning ...Read more

Michael B. Thomas/Getty Images North America/TNS

Boeing, union reach tentative agreement to end St. Louis strike

Business / Business News /

ST. LOUIS — Union leaders said Wednesday that negotiators had reached a tentative agreement with Boeing to end a six-week strike.

The International Association of Machinists and Aerospace Workers District 837 said the five-year deal includes improved general wage increases and a signing bonus.

Union members will vote on the agreement on ...Read more

Apu Gomes/Getty Images North America/TNS

Elon Musk no longer world's richest man as Larry Ellison's worth grows

Business / Business News /

Tesla CEO and political activist Elon Musk is no longer the wealthiest man on Earth.

That title now belongs to Bronx-born Oracle chairman Larry Ellison, whose net worth jumped to $405 billion Wednesday, according to Barron’s. Musk’s net worth is reportedly $390 billion.

Barron’s said that Ellison had a $112 billion overnight spike to ...Read more

Drew Angerer/Getty Images North America/TNS

Lachlan Murdoch, now ruler of the Fox empire, touts victory in succession battle

Business / Business News /

Two days after solidifying control of his family's empire, Fox Corp. Chief Executive Lachlan Murdoch touted the strength and newfound stability of their media business.

Murdoch spoke briefly Wednesday at the Goldman Sachs Communacopia + Technology Conference, a fireside chat cut short because of Murdoch's late arrival in San Francisco thanks to...Read more

Richard Tribou/Orlando Sentinel/TNS

Boeing's new defense-minded engineering center in Florida promises 400 jobs

Business / Business News /

DAYTONA BEACH, Florida — Boeing celebrated its new Florida investment Wednesday with the opening of a defense industry hub on the campus of Embry-Riddle Aeronautical University.

Company and school officials were joined by elected officials Wednesday to cut the ribbon on Boeing’s takeover of a new 65,000-square-foot building within ERAU’s ...Read more

Ford Motor Company/Ford Motor Company/TNS

Ford marketing chief talks economy, AI as automaker launches new global strategy

Business / Business News /

DEARBORN, Michigan — When economic indicators flash warnings, companies often look to cut costs even in places like advertising, but Ford Motor Co. on Wednesday launched a new global marketing strategy with the tagline: "Ready Set Ford."

U.S. sales at the automaker are up 6.6% year-to-date. That followed summer promotions meant to offer ...Read more

Robin Buckson/The Detroit News/TNS

Uber adding Joby's blade helicopter trips to ride-hail app

Business / Business News /

Uber Technologies Inc. customers will be able to book Blade’s helicopter and seaplane services directly within the Uber app as early as next year, as part of an expansion of the ride-hailing company’s partnership with Joby Aviation Inc.

Blade’s passenger business, which Joby acquired in August, currently operates routes in the New York ...Read more

Steve Fecht/General Motors/TNS

US raid disruptions spread, casting pall on Korea investment

Business / Business News /

Fallout from last week’s unprecedented immigration raid at a Georgia battery plant run by two South Korean firms is reverberating across the industry, highlighting risks to the billions of dollars the Asian nation has invested in America’s clean energy push.

Construction has now been disrupted at multiple LG Energy Solution Ltd. sites ...Read more

Chicago-based sandwich chain Potbelly sold to RaceTrac convenience stores for $566 million

Business / Business News /

Potbelly is being gobbled up by RaceTrac, a southern convenience store brand, in a $566 million acquisition that will take the longtime Chicago-based sandwich chain private.

The all-cash deal, announced Wednesday, will pay $17.12 per share for all outstanding Potbelly common stock, ending its 12-year run as a publicly traded company and nearly ...Read more

Mario Tama/Getty Images North America/TNS

The US keeps breaking renewable energy records

Business / Business News /

The Trump administration has been slashing green energy incentives, freezing the construction of wind farms and ordering coal-burning power plants to keep running longer than planned. And yet, more American homes and businesses are getting their power from renewable sources than ever before — and in greater amounts.

In June, almost one-...Read more

Girl Scouts of the USA/TNS/TNS

New Girl Scout cookie is rocky road ice cream flavor. Will it make up for faves that were cut?

Business / Business News /

Fans of rocky road ice cream can rejoice because the flavor — chocolate ice cream swirled with nuts and marshmallows — will be available in Girl Scout cookie form next year.

Girl Scouts of the USA announced Tuesday that "Exploremores," a sandwich cookie inspired by the popular ice cream variety, will join the organization's cookie lineup ...Read more

Karie Angell Luc/Chicago Tribune/TNS

Bowling and restaurant chain Pinstripes files bankruptcy amid downturn in 'eatertainment' business

Business / Business News /

Pinstripes, the Northbrook, Illinois-based bowling and restaurant chain, has filed for Chapter 11 bankruptcy protection amid mounting debt and an inflation-driven downturn in the so-called “eatertainment” business.

The publicly traded company, which owes $143 million in secured debt, abruptly closed 10 of its 18 locations Monday and will ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Dozens of cargo containers fall off vessel at Port of Long Beach. Investigators search for answers

Business / Business News /

At least 50 shipping containers slipped off a vessel at the Port of Long Beach, California, on Tuesday morning, leaving officials scrambling to determine what happened.

Port spokesperson Art Marroquin said the ship, the Mississippi, was berthed at Terminal G just before 9 a.m. when the containers mysteriously fell overboard into the water.

...Read more

Imago/Imago via ZUMA Press/TNS

Hyundai ICE raid in Georgia leaves Asian executives shaken by Trump's mixed signals

Business / Business News /

SEOUL — The immigration raid that snatched up hundreds of South Koreans last week sent a disconcerting message to companies in South Korea and elsewhere: America wants your investment, but don’t expect special treatment.

Images of employees being shackled and detained like criminals have outraged many South Koreans. The fallout is already ...Read more

ATF Atlanta/ZUMA Wire/TNS

Long before Hyundai site raid, Korean firms have struggled to get visas

Business / Business News /

When Hyundai Motor Group announced its sprawling electric vehicle plant near Savannah, Georgia, in 2022, it set ambitious timelines to get the multibillion-dollar factory and all its components up and running.

The vehicle assembly lines have been humming since last October. The adjacent battery factory, a joint venture between Hyundai and ...Read more

Drew Angerer/AFP/GETTY IMAGES NORTH AMERICA/TNS

US payrolls marked down a record 911,000 in preliminary estimate

Business / Business News /

U.S. job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates.

The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final ...Read more

Ken Lambert/The Seattle Times/TNS

Microsoft issues return-to-office mandate for Seattle-area workers

Business / Business News /

Microsoft will require employees to work in the office three days per week next year, a major shift for one of the tech giants that had been more friendly to remote work.

The policy will begin at the end of February for workers living within 50 miles of a Microsoft office in the Puget Sound region, Microsoft's chief human resources officer, Amy...Read more

Karen Ducey/The Seattle Times/TNS

WA hop farmers, brewers contend with trade war, extra visa scrutiny

Business / Business News /

YAKIMA, Washington — Late August marked the start of the Yakima Valley's six-week blitz to harvest fields of hop plants bound for breweries.

With the citric scent of Centennial hops hanging in the air, Jessica Riel, a fourth-generation farmer at Double ‘R’ Hop Ranches, looked on as her employees unloaded long bines — stems similar to ...Read more

Carolyn Cole/Los Angeles Times/TNS

Allegations of mismanagement, overspending in California fire cleanups raised in whistleblower trial

Business / Business News /

LOS ANGELES — Exposing years-old concerns about California's resilience to wildfires, a government whistleblower and other witnesses in a recent state trial alleged that cleanup operations after some of the largest fires in state history were plagued by mismanagement and overspending — and that toxic contamination was at times left behind in...Read more