business

ORION TOWNSHIP, Mich. — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant in Orion Township, Michigan, to manufacture a Chevrolet vehicle based on the battery-powered Bolt.GM wouldn’t say when the new workers will start or when the new vehicle will go on sale, nor would it say if the workers will be new hires or come from a pool of laid-off workers from the planned closings of four U.S. factories by January. The company also announced plans Friday to spend about another $1.4 billion at U.S. factories with 300 more jobs but did not release a time frame or details. The moves come after last weekend’s string of venomous tweets by President Trump condemning GM for shutting its small-car factory in Lordstown, Ohio, east of Cleveland. During the weekend, … [Read more...] about GM announces new jobs, electric-vehicle factory after Trump criticism

With revenue at Levi’s Stadium falling short of the goalposts, the city of Santa Clara and the 49ers are finding new reasons to squabble — including operating costs, parking lots and property taxes. In the latest spat, the city attorney on Thursday told the San Francisco 49ers that the team may be in violation of its contract with the city regarding floor work done at the billion-dollar stadium, according to documents obtained by The Chronicle. Rahul Chandhok, a spokesman for the 49ers, said it was a “dispute regarding paperwork.” Levi’s Stadium is publicly owned by the city through its Stadium Authority, which contracts with a 49ers affiliate to operate the venue. The city says a stadium manager presented it with a bill for epoxy coating and polishing of the concrete floors in parts of Levi’s Stadium in August without seeking its approval first. “Normally, this is not something you would get in a battle about,” said Roger Noll, professor … [Read more...] about 49ers in brawl with Santa Clara over a $600,000-plus bill for floor polishing

Starbucks, the coffee behemoth known for opening more locations than it closes, will shutter a store Sunday at 134 N. Tejon St. in downtown Colorado Springs.Seattle-based Starbucks didn't respond Friday to questions about why shop is closing. Simon Penner, a director with commercial brokerage Newmark Grubb Knight Frank who markets the space, said Starbucks' lease was up, but the company gave no reason for leaving.Starbucks continues to have a downtown presence with locations at 7 S. Tejon and inside The Antlers hotel at 4 S. Cascade Ave.National news outlets reported last year that Starbucks had planned to close 150 under-performing locations around the country in 2019, but it's unknown if the store at 134 N. Tejon was one of them. While saying it would close locations, Starbucks also has said it plans to open 2,100 sites globally this year.Downtown locations can pose a challenge for Starbucks.On the one hand, they typically receive a steady stream of customer traffic from tourists, … [Read more...] about Starbucks closing one of its downtown Colorado Springs locations; Pueblo’s Solar Roast Coffee moving in

A lease between the city of Colorado Springs and Amazon shows that the online giant has bigger plans for the Springs, including the conversion of a temporary facility that opened in November into a permanent delivery station that could employ several hundred workers.  The lease, that was signed in August and began Sept. 1, allows Amazon to use a site at the Colorado Springs Airport for "erecting, furnishing, equipping and maintaining" a modular delivery center for "receiving, assembling, shipping, distributing, preparing and selling products, materials, food, grocery and liquor items." The property is south of the airport's passenger terminal near rental car facilities. Business Downtown Colorado Springs enjoyed a banner 2018, report says Rich Laden Amazon's expansion to the Springs comes as the company grows its footprint across Colorado and nationwide to get merchandise to customers more quickly, sometimes within two hours. To speed deliveries in Colorado, the … [Read more...] about Lease obtained by The Gazette shows Amazon has bigger plans for Colorado Springs

CVS Pharmacy announced Wednesday that it will begin selling hemp-derived CBD products in eight states. The national drug store chain will be marketing the topical cannabidiol products, such as creams, sprays and roll-ons, as “an alternative source of relief,” CVS said in a statement to NBC News. CVS will also be partnering with a company to test and verify the quality of the CBD topicals sold in its drug stores.“We are carrying hemp-derived CBD products in select states to help meet consumer demand for alternative care options,” said CVS Health Spokesperson, Mike DeAngelis.The items will be sold in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland and Tennessee.Read more at nbcnews.com. Author, former Colorado journalist links marijuana to mental illness Medical marijuana may increase productivity in older adults, study suggests … [Read more...] about CVS to sell cannabis-based products in Colorado, 7 other states