Red Lobster promised customers an endless supply of shrimp for $20 — a gamble the struggling restaurant chain hoped would help pull it out of its pandemic doldrums.

But Americans, and their appetites, had other plans.

The beloved yet beleaguered pillar of casual dining abruptly shuttered dozens of locations this week, heightening speculation...Read more

Here are a few more gift ideas for this year’s graduates.

From a very thin and light phone grip to a very comfy desk chair, there’s bound to be a gift idea your grad will love. I’ve included list prices. You may find these items cheaper if they are on sale.

ohsnap! Snap 4 Luxe ($39.99, ohsnap.com)

I have to admit, I am late to the phone...Read more

LOS ANGELES — It was Friday the 13th when the first 99 Cents Only store opened in 1982 on La Tijera Boulevard.

To commemorate the grand opening, founder David Gold sold television sets for 99 cents to the first 13 customers. He had developed his affinity for the price point while working at a liquor shop at Grand Central Market downtown, when...Read more

Boeing violated an agreement that allowed it to avoid criminal charges following two fatal 737 Max crashes, U.S. Justice Department attorneys announced Tuesday as they revived a prosecution paused three years ago.

That prosecution has been on hold since 2021, when Boeing and federal prosecutors struck a contentious agreement that required the ...Read more

Minnesota health insurance regulators are imposing a $450,000 fine against UnitedHealthcare over allegations the Minnetonka-based company failed to comply with mental health parity laws.

The settlement announced Tuesday is the third and largest in a series of consent orders since May 2023 between the state Department of Commerce and health ...Read more

Adam Selipsky is stepping down as head of Amazon’s cloud computing division, one of the most profitable arms of the company and the focal point of its efforts in artificial intelligence.

Matt Garman, senior vice president for Amazon Web Services sales, marketing and global services and an 18-year Amazon veteran, will take over as head of AWS ...Read more

Amazon will open a new logistics center in Everett, Washington, for its broadband satellite network, Project Kuiper, expanding its ability to design, test and manufacture satellites in the Puget Sound region.

At the 184,000-square-foot facility, Project Kuiper workers will receive and sort supplies that will then be used to construct thousands ...Read more

A once-bustling but worn-down industrial Brooklyn marine terminal could be converted into a mixed-use area, perhaps including housing, officials said Tuesday.

Mayor Adams said the city aims to “reimagine” the 122-acre port, which is nestled between Red Hook and the Columbia Street Waterfront District. The terminal is set to be transferred ...Read more

California officials are still trying to figure out how to pay for road repairs and maintenance in the not-so-distant future, when electric vehicles dominate the roadways and gas tax revenue dries up.

So they're offering drivers up to $400 to test a couple of alternatives for six months, starting in August.

Road improvements are financed ...Read more

Stellantis NV said Tuesday that a new partnership with Chinese electric vehicle maker Leapmotor will allow it to quickly grow sales in Europe, the Middle East, South America and elsewhere starting later this year.

Stellantis, the transatlantic automaker with brands such as Jeep, Chrysler, Ram, Peugeot and Fiat, will take 51% ownership in the ...Read more

U.S. household debt has reached a record and more borrowers are struggling to keep up.

Overall U.S. household debt rose to $17.7 trillion, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday. That’s an increase of $184 billion, or 1.1%, from the fourth quarter.

The data ...Read more

Rivian Automotive Inc., at one time considered the darling of the electric vehicle market, has informed state officials that it plans more layoffs in California.

In an April 24 letter to the state's Employment Development Department, the company's vice president of people, Scott Griffin, said Rivian planned to lay off more than 120 employees, ...Read more

You wouldn't think that Exxon Mobil has to worry much about being harried by a couple of shareholder groups owning a few thousand dollars worth of shares between them — not with its $529-billion market value and its stature as the world's biggest oil company.

But then you might not have factored in the company's stature as the world's biggest...Read more

On 2,000 acres across three counties, Nick Oomen’s family farm grows crops like asparagus, broccoli, zucchini and cherries.

Even with a bountiful harvest, Oomen says he’s not sure how long the fourth-generation business called West Michigan Produce will last. That’s because Oomen and other farmers like him face increased labor costs they ...Read more

Coloradans looking to buy homes or simply hold onto their property face a barrage of challenges: a white-hot real estate market, high interest rates and soaring property taxes. You can add surging home insurance rates to the pile of problems eroding the landscape of affordable housing options.

Colorado homeowners are reporting premium increases...Read more

MINNEAPOLIS — Last month Ruhel Islam watched a wrecking crew demolish the O'Reilly Auto Parts Store on Lake Street in Minneapolis that rioters had destroyed in May 2020.

After four years, the blighted building was finally coming down to make way for a new $12 million Latino community center. It should have been happy news.

But the scene ...Read more