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Playboy leaves Los Angeles for Miami Beach as CEO disses state as 'anti-business'

Business / Business News /

Playboy Enterprises announced on Wednesday that it will relocate its headquarters from Los Angeles to Miami Beach, becoming the latest high-profile company to abandon California in favor of more business-friendly environments.

Ben Kohn, CEO of Playboy, described California as being "anti-business," saying the state is an "extremely expensive ...Read more

David Hills/TNS

In wake of the Trump firing, can we still trust federal jobs data?

Business / Business News /

President Donald Trump fired the head of the Bureau of Labor Statistics in early August after weaker-than-expected job numbers, as well as revisions to past data.

Without evidence, the president alleged BLS commissioner Erika McEntarfer was producing inaccurate numbers for political purposes.

Experts say manipulating labor statistics can be ...Read more

Natrice Miller/The Atlanta Journal-Constitution/TNS

Rivian to hold groundbreaking events next month for $5B Georgia factory

Business / Business News /

Electric vehicle startup Rivian plans to hold two ceremonial events to christen the forthcoming construction of its long-delayed $5 billion factory an hour east of Atlanta.

The company will play host to a community event Sept. 14 and a formal groundbreaking ceremony Sept. 16 with stakeholders, media and government officials, including Gov. ...Read more

Ian L. Sitren/ZUMA Press Wire/TNS

California Coastal Commission opposes SpaceX's bid to nearly double Vandenberg launches

Business / Business News /

The California Coastal Commission has unanimously voted against SpaceX's plan for a dramatic expansion of rocket launches from Vandenberg Space Force Base, citing environmental and regulatory concerns.

"The sonic booms and their impacts on California's people, wildlife and property are extremely concerning," Commissioner Linda Escalante said at...Read more

Christina House/Los Angeles Times/TNS

A bad bill to rein in insurance adjusters? Proposed California law draws fire

Business / Business News /

After the devastating January firestorms left thousands of homeowners to grapple with their insurers over complicated claims for smoke damage and burned-down houses, many turned to public adjusters for help.

The state-licensed professionals play a vital role in assisting policyholders in preparing property claims and representing them in their ...Read more

Terrence Antonio James/Chicago Tribune/TNS

A look at consumer prices 6 months into the second Trump administration

Business / Business News /

It’s been a little over six months since President Donald Trump assumed office for his second term. In that time, the economic landscape has shifted quite drastically: The new administration has implemented broad tariffs on U.S. trade partners, the stock market has both plummeted and soared to historic heights, hiring is down, fears of a ...Read more

Andrej Sokolow/Zuma Press/TNS

Intel CEO's 'amazing story' has helped make him a billionaire

Business / Business News /

Days after calling for the firing of Intel Corp.’s CEO, President Donald Trump changed his mind following a “very interesting” meeting with the executive. “His success and rise is an amazing story,” Trump wrote in a Truth Social post on Monday.

It’s a story that’s also made Lip-Bu Tan amazingly rich.

The 65-year-old technology ...Read more

Ulta, Target to end shop-in-shop partnership

Business / Business News /

After nearly four years of collaboration, Ulta Beauty and Minneapolis-based Target jointly announced Thursday they will end their shop-in-shop partnership when the current agreement expires.

“We’re proud of our shared success with Ulta Beauty and the experience we’ve delivered together,” said Rick Gomez, chief commercial officer at ...Read more

Dreamstime/Dreamstime/TNS

Billionaire family offices join Berkshire in UnitedHealth bet

Business / Business News /

Some of the world’s wealthiest people joined Warren Buffett’s Berkshire Hathaway Inc. in backing embattled insurer UnitedHealth Group Inc. in the second quarter.

George Soros’s investment firm, the family office of a Swedish packaging dynasty and Michael Platt’s BlueCrest Capital Management all increased their stakes in UnitedHealth ...Read more

Dreamstime/Dreamstime/TNS

Fears of fishy fraud rocked Seattle seafood sellers. Was it a big deal?

Business / Business News /

Nine months after the publication of a startling report about incidents of farmed salmon incorrectly labeled as wild-caught, owners of Seattle sushi restaurants and grocery stores still don't consider mislabeling to be a major threat to their businesses and patrons.

Washington state's fish police disagree, contending that the issue is much ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 Acura ADX hits the ground running

Business / Business News /

Acura has ramped up its styling game with a whole host of refreshes to the existing fleet, as well as with the recent addition of the ZDX electric SUV. This week, we review the 2025 Acura ADX, Acura’s newest release in the compact SUV category.

This five-passenger “Integra-like” gateway SUV does everything right, and the price will blow ...Read more

Mercedes/Mercedes/TNS

Auto review: The 2025 Mercedes-AMG G63 is unlike anything else -- thank goodness

Business / Business News /

The G-Wagen. The Geländewagen, if you must. It's not a name that rolls off the tongue. That’s why it’s marketed as the 2025 Mercedes-Benz G-Class.

No matter what you call it, this SUV is unmistakable. Looking much the same since disco was still a thing, its squared-off silhouette is as much a part of its appeal as its Mercedes badge — ...Read more

Toyota/Toyota/TNS

Auto review: Toyota Corolla is the best-selling nameplate of all time and is super affordable, but it's also pretty natty in FX trim

Business / Business News /

These days, Corollas start at a value-packed $22,325, or 13 times what the original cost in 1968.

Most people probably think the best-selling automobile of all time is the Model T or Beetle. Nope. While Ford built more than 15 million Model Ts and Volkswagen vended more than 23 million Beetles, the ever-durable Toyota Corolla crossed the sales ...Read more

Arvin Temkar/The Atlanta Journal-Constitution/TNS

State widens probe into failed Georgia lender accused of $140M Ponzi scheme

Business / Business News /

The Georgia Secretary of State’s office issued a new round of subpoenas this week that signal a widening probe of First Liberty Building & Loan, the failed financial firm whose politically connected founder is accused of a sprawling $140 million Ponzi scheme.

Two of the subpoenas were issued to Randy Hough, a former senior development officer...Read more

Dreamstime/Dreamstime/TNS

Zelle sued over claims of $1B in fraud losses

Business / Business News /

Zelle’s parent company is being sued again over claims it failed to protect customers from fraud on the payment network used by the largest banks in America. Two of those institutions, Bank of America and Wells Fargo, have a heavy presence in Charlotte.

New York Attorney General Letitia James sued Early Warning Services, LLC on Wednesday in ...Read more

Jonathan Weiss/Dreamstime/TNS

Duke Energy files to merge Carolinas utilities, vows $1B in customer savings

Business / Business News /

Duke Energy Corp. filed Thursday with state and federal regulators for permission to merge its two electric utilities in the Carolinas.

The Charlotte, North Carolina-based energy giant says the combination would give customers $1 billion in savings through streamlined operations.

Duke Energy Carolinas and Duke Energy Progress have operated as ...Read more

Dreamstime/Dreamstime/TNS

Oracle chops well over 100 Bay Area jobs

Business / Business News /

Oracle America has decided to slash more than 188 jobs in the Bay Area, affecting workers in the Peninsula and East Bay, according to the state Employment Development Department.

Described as permanent, the reductions will affect 143 workers in Redwood City, California, and another 45 in Pleasanton, California, according to the EDD. The cuts ...Read more

Robert Gauthier/Los Angeles Times/TNS

Will Los Angeles ever get enough housing? The future holds promise

Business / Business News /

Over the last century, L.A.'s love affair with the single-family home has created a suburban sprawl of epic proportions.

Three bedrooms. A white-picket fence. A square of grass for the barbecue.

But for many, the dream of home ownership will never be realized. Home prices have soared, wages haven't kept pace, and more than half of L.A. ...Read more

Courtesy of Center for Sustainable Energy/TNS/TNS

California spending $55 million on incentive program for EV fast chargers

Business / Business News /

The California Energy Commission recently launched a $55 million incentive program to expand the construction of fast chargers for electric vehicles in public and business sites across the state.

“One of the common concerns from surveys we’ve done is motorists say, ‘Hey, there’s not enough chargers close to me for me to consider buying ...Read more

Matias J. Ocner/Miami Herald/TNS

Miami adds incentives for high-rises up to 1 mile from rail stations

Business / Business News /

A new zoning program in the city of Miami will allow for denser developments in a radius of up to a mile around existing and planned Metrorail and commuter rail stations, including Brightline stations, inside city boundaries.

Within those zones, developers can apply to build high-rise residential and commercial projects with considerably more ...Read more