Business
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Real estate Q&A: What are our rights after new landlord took over lease?
Q: Our landlord recently sold the house we have been renting. The sale happened in the middle of the month, and now the new owner wants us to pay him for the remainder of the month even though we have already paid the prior landlord for the whole month. And he wants us to pay the water bill, even though we never have in the past. What are our ...Read more
Maker of Ozempic, Wegovy sues Minnesota clinic over knockoff weight-loss medication
One of the world’s largest drug manufacturers is suing a small east metro wellness center over the way it marketed and sold a compounded, off-brand version of its blockbuster weight-loss medications.
Novo Nordisk filed its lawsuit this month in U.S. District Court, accusing the Minnesota Vitality and Anti-Aging Center of false advertising and...Read more
After ditching Yoplait, General Mills on the hunt for an acquisition
On the heels of announcing the sale of Yoplait, General Mills is looking to replace the under-performing brand with a grab-and-go acquisition.
The Minnesota-based maker of Cheerios and Totino’s is seeking possible additions to its pet food, snacking or food-service portfolio, areas of strong growth for a company struggling to expand its sales...Read more
High court affirms Michigan's plan to increase minimum wage to $12.48 in February
LANSING, Michigan — Michigan’s $10.33 hourly minimum wage should increase to $12.48 an hour on Feb. 21, the Michigan Supreme Court said in a Wednesday order that clarified the timeline for a phase-in of a $15 minimum wage.
The order came after the high court majority on July 31 ruled a strategy used to curb minimum wage and paid sick leave ...Read more
Car AM radio bill passes House panel
WASHINGTON — A panel of U.S. House lawmakers advanced a bill Wednesday that would force automakers to install AM radio in all new cars.
The measure, titled the AM Radio for Every Vehicle Act, advanced through the House Committee on Energy and Commerce with broad bipartisan support. The only lawmaker to express outspoken opposition was ...Read more
UAW threatens to strike Ford Rouge Tool and Die plant over local contract
The United Auto Workers said Wednesday it'll strike the tool and die unit at Ford Motor Co.'s Rouge Complex next week if local contract issues aren't resolved.
More than a year has passed since the deadline to reach a new local agreement between the Dearborn automaker and the unit of roughly 500 workers represented by UAW Local 600 in Dearborn....Read more
Elliott still wants Southwest Airlines CEO Bob Jordan out, union says
Southwest Airlines CEO Bob Jordan and executive chairman Gary Kelly would be long gone by now if one vocal activist investor had its way, one of the airline’s unions told members this week.
“... Elliott advised that its preference would be for board chair Gary Kelly to exit his position sooner than the announced departure at next spring’...Read more
Sea-Tac Airport refuses to pay 100-bitcoin ransom after August cyberattack
The hackers behind last month’s cyberattack on Seattle-Tacoma International Airport are demanding a 100-bitcoin ransom — about $6 million — for stolen data, though just how much information was accessed, and what kind, is still unclear.
During a Wednesday morning hearing with the U.S. Senate’s Commerce, Science and Transportation ...Read more
'Hunger Games' studio Lionsgate to partner with AI company
Lionsgate will work with artificial intelligence research company Runway to create and train a new artificial intelligence model customized to the “Hunger Games” and “John Wick” studio’s film and TV content, marking the AI company’s first collaboration with a Hollywood studio.
The model will generate cinematic video that can then be...Read more
The Fed announces big interest rate cut, the first reduction since 2020
WASHINGTON — The Federal Reserve on Wednesday slashed interest rates by an unusually large one-half of a percentage point and signaled that further cuts are on the way for households struggling with still-elevated prices and a generally slowing economy.
It was the first rate cut since 2020 and reflected a shift in policymakers’ primary ...Read more
The Fed announces big interest rate cut, the first reduction since 2020
The Federal Reserve, hoping to give a strong adrenaline shot to the economy, on Wednesday announced a big half-point reduction in interest rates and signaled that further cuts are on the way for households struggling with still-elevated prices and a generally slowing economy.
While lower interest rates will ultimately help with everything from ...Read more
Boeing furloughs salaried staff to preserve cash amid strike
Boeing Co. is requiring many salaried workers to take unpaid leave to preserve cash as the planemaker digs in for contentious contract talks with its largest union.
The austerity measure affects tens of thousands of US-based employees, managers and executives, according to the company. They will work a rolling schedule of three weeks on the job...Read more
GM's Tesla charging adapters have arrived. Here's how to get one
General Motors Co. electric vehicle customers can now purchase a Tesla Inc. Supercharger adapter to give them access to the Texas-based EV maker's vast charging network, the Detroit automaker said Wednesday.
Customers driving a GM EV can purchase the GM-approved North American Charging Standard DC adapter through one of GM's brand mobile apps. ...Read more
Michael Hiltzik: Trump and his family jump into crypto, which the FBI calls a hive of 'pervasive' criminality
There have been a couple of new developments in the crypto world over the last few days just begging to have their dots connected. Here they are:
On Sept. 9, the Federal Bureau of Investigation issued its annual report on cryptocurrency fraud. The FBI found that, in 2023, crypto-related fraud absolutely exploded, with $5.6 billion in losses ...Read more
California legal weed industry in tumult after Times pesticide investigation
SACRAMENTO, California — A scandal over California's failure to keep pesticides out of legal cannabis is causing turmoil throughout the industry, with a whistleblower retaliation lawsuit, the departure of a top cannabis official, the state hiring a private investigator, and a race in the private sector to form a shadow regulatory system in the...Read more
He's training the world's next microchip leaders. Here's why he worries
Burn Lin knows the ins and outs of the tiny chips that power your phones, cars and gaming consoles, and he knows there aren't enough workers to keep up with skyrocketing demand.
The electrical engineer started his career at IBM in 1970, but eventually returned to his roots in Taiwan where his work helped turn the island democracy into the chip-...Read more
Tech review: Fender x Teufel speakers look and sound great
If you know anything about music, you’ve heard of Fender, the maker of guitars and amplifiers.
The Fender Stratocaster and Telecaster electric guitars have been revered since the 1950s, and their amplifiers are known for their pure sound, even after decades of use.
Fender has partnered with German speaker manufacturer Teufel (pronounced "toy...Read more
US mortgage rates drop to two-year low ahead of Fed rate cut
U.S. mortgage rates declined last week to the lowest level since September 2022 in anticipation of Federal Reserve interest-rate cuts, stoking an influx of applications for home purchases and refinancing.
The contract rate on a 30-year fixed mortgage dropped 14 basis points to 6.15% in the week ended Sept. 13, Mortgage Bankers Association data ...Read more
Hackers have stolen your personal information in a data breach. Now what?
I almost threw away the mailing I got in mid-July from MNGI Digestive Health. I couldn’t remember ever patronizing the place. Must be more junk mail.
Then I remembered I’d recently written about MNGI and another Twin Cities medical firm, Consulting Radiologists. They had both been hacked, together exposing personal data of over 1 million ...Read more
Fed to kick off rate cuts, signal next steps
The Federal Reserve is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.
By how much, however, remains an open question.
Forecasters largely anticipate the Federal Open Market Committee will reduce rates by a quarter point to a range of 5% to 5.25%, though economists at ...Read more
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