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

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

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

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

Confidence in future job prospects drops sharply
Americans’ confidence in landing a job if they lose their current one dropped sharply last month, according to a report that especially doesn’t bode well for Las Vegas in a key way.
The Federal Reserve Bank of New York released survey results Monday showing that if workers lost their job, the perceived probability of finding a new one fell ...Read more

Motormouth: Do I have to go to the dealership?
Q: I recently took my 2019 CR-V for an oil change. I received the safety check notations, which included the transmission and differential fluid change notice.
Does it need to be done at the dealership? I recently saw an Instagram reel where the mechanic suggested that because the driver had not used Honda specific fluid, he may have ...Read more

Fox Corp. CEO and favored son Lachlan Murdoch prevails in family succession drama
The closely watched Murdoch succession drama has ended with a $3.3-billion settlement that gives Lachlan Murdoch control of the family's influential media assets, including Fox News, the New York Post and the Wall Street Journal.
Fox Corp. on Monday announced the "mutual resolution" of the legal wrangling that had clouded the future direction ...Read more

Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green.
The electric truck and sport-utility vehicle manufacturer is preparing for a challenging year in which it plans to launch a more affordable model even as it gets more expensive to buy an EV.
A spokesperson at the...Read more

Ford Pro is benefitting from reallocated EV funds. Here's how
Ford Motor Co. is shifting funds from its electric vehicle division, and the beneficiary is its cash-cow Ford Pro commercial vehicle and Super Duty truck business.
A bumpier-than-expected adoption curve of electric vehicles — because of their cost and availability of charging infrastructure, as well as a regulatory rollback — has resulted ...Read more

Microsoft layoffs continue into 5th consecutive month
Microsoft is laying off 42 Redmond-based employees, continuing a months-long effort by the company to trim its workforce amid an artificial intelligence spending boom.
More than 15,000 Microsoft employees companywide have been laid off since May. With Monday’s layoffs, disclosed in a state regulatory filing, the number of Washington-based ...Read more

Miami judge overturns landmark $30M jury verdict against Expedia on Cuba case
MIAMI — In an unusual decision, a federal judge overturned the first jury trial verdict in a Helms-Burton lawsuit, which had awarded a Cuban-American Miami man $30 million in damages against each of the booking companies Expedia, Orbitz, and Hotels.com for allegedly trafficking in confiscated property in Cuba.
Decisions to “set aside” ...Read more

What is the rule of 55 and how does it work?
The rule of 55 can benefit workers who have an employer-sponsored retirement account such as a 401(k) and are looking to retire early or need access to the funds if they’ve lost their job near the end of their career. It can be a lifeline for workers who need cash flow and lack other viable alternatives.
Here’s how the rule of 55 works and ...Read more

Are EVs really better for the environment? Study checks role of coal, battery and range
Electric vehicles in the United States produce fewer greenhouse gases than gas automobiles, even when factoring in battery-making emissions, limited range during bad weather and coal-fired power grids, according to a new analysis.
The University of Michigan study, published in an American Chemical Society journal, compared projected lifetime ...Read more

California FAIR Plan continues denying smoke damage claims despite court loss and regulatory action
Despite a court loss and sanctioning by state regulators, California's home insurer of last resort continues to deny smoke damage claims from the January wildfires — even when toxic substances have been found in homes, according to a Times review of denial letters.
The California FAIR Plan Assn. has rebuffed policyholders seeking to have ...Read more

Colorado's largest independent bank accepts $4.1 billion buyout offer from PNC Financial
FirstBank, Colorado’s largest privately owned bank, has accepted a buyout offer from PNC Financial Services Group, a large regional bank based in Pittsburgh.
PNC will pay cash and stock worth $4.1 billion for the Lakewood-based bank, which started in 1963 and has grown to $26.8 billion in assets and 95 branches.
“The opportunity this ...Read more

Black McDonald's operators detail history of alleged racial discrimination in lawsuit
For 25 years, Robert Bonner was committed to working under McDonald’s iconic Golden Arches. But by the time the native Floridian had severed ties with the franchise founded in Des Plaines by Ray Kroc in 1955, he burned everything that was related to the restaurant chain — awards, shirts, valuable collectibles — in his backyard.
Bonner was...Read more

Another US jobs markdown sets stage for Fed cut, BLS criticism
U.S. job growth in the year through March was probably far less robust than government figures currently show, underscoring a labor market that shifted into a lower gear well before the hiring slowdown this summer.
Economists at Wells Fargo & Co., Comerica Bank and Pantheon Macroeconomics expect the Bureau of Labor Statistics’ preliminary ...Read more

US health care hiring slowdown is warning for broader job market
Hiring in the U.S. health care sector is looking increasingly shaky, raising a warning flag for the economy given its importance as a key driver of job growth over the last three years.
Health care and social assistance companies added about 47,000 employees to payrolls in August, according to a Bureau of Labor Statistics report published ...Read more

Google sued by advertising exchange over monopoly violations
Alphabet Inc.’s Google was sued by advertising exchange PubMatic Inc., which is seeking billions of dollars over its claim that the search giant has illegally monopolized the ad technology market.
The lawsuit, filed Monday in federal court in Virginia, is the second by an advertising exchange to take aim at the tech giant since a federal ...Read more

Boeing says it will hire replacements for striking St. Louis workers
ST. LOUIS — The Boeing Co. on Thursday said it would hire permanent replacements for workers who have been on strike for a month.
Dan Gillian, vice president of air dominance for Boeing, said in a letter to employees that the company started the process on Thursday.
“This will ensure we’re properly staffed to keep supporting our ...Read more
Popular Stories
- Motormouth: Do I have to go to the dealership?
- Allegations of mismanagement, overspending in California fire cleanups raised in whistleblower trial
- WA hop farmers, brewers contend with trade war, extra visa scrutiny
- Confidence in future job prospects drops sharply
- Fox Corp. CEO and favored son Lachlan Murdoch prevails in family succession drama