Business
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After lengthy discussion, Royal City food truck ordinance approved
ROYAL CITY — After more than a year of discussion, Royal City has a revised ordinance governing food trucks. “T…
Federal budget deficit to hit record $3.3 trillion due to COVID-19 costs, recession
WASHINGTON (AP) — Federal budget deficit to hit record $3.3 trillion due to COVID-19 costs, recession.
Macy's posts $431 million loss as sales drop 36%
NEW YORK (AP) — Macy’s got more people to shop on its website and app, but it wasn’t enough to make up for plummeting sales inside its department stores.
Greece holds bond sale ahead of defense spending boost
ATHENS, Greece (AP) — Greece raised 2.5 billion euros ($2.96 billion) in a bond auction Wednesday, taking advantage of low borrowing rates to boost state cash reserves needed for pandemic relief and emergency defen…
The Latest: Italy reaches 100,000 daily coronavirus tests
ROME – Italy registered a new surge in coronavirus infections, which rose by 1,326 on Wednesday.
Bank of England: Return of UK office workers to take time
LONDON (AP) — The Bank of England said Wednesday there are perfectly understandable reasons why the majority of office workers have yet to return to their pre-lockdown workplaces despite new coronavirus guidance fr…
Business owners tap into savings to withstand pandemic
NEW YORK (AP) — When the coronavirus outbreak forced cruise lines to cancel trips to Alaska, it wiped out Midgi Moore’s tour business, leaving her with thousands of dollars in deposits to refund.
Mercedes-Benz unveils new flagship S-Class sedan
FRANKFURT, Germany (AP) — Daimler AG on Wednesday unveiled the new version of its Mercedes-Benz S-Class luxury sedan, the company's most important model and one it hopes will generate fat profits to help the Stuttg…
United plans to furlough 16,000 workers, fewer than expected
United Airlines said Wednesday it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave with the travel industry facing a sl…
Michael Jordan gets stake in DraftKings for advisory role
SILVER SPRING, Md. (AP) — DraftKings had a big bounce on Wall Street Wednesday on news that basketball legend Michael Jordan is taking an ownership stake in the sports betting site.
US stocks head higher, add to market's solid string of gains
Stocks are broadly higher on Wall Street in afternoon trading Wednesday, on track to extend the market's milestone-setting run.
The Latest: Europe CDC: Virus spread slow so far in schools
BRUSSELS -- The head of the European Centre for Disease Prevention and Control says the coronavirus doesn’t seem to be spreading significantly in schools that opened early in Europe.
Ford cutting 1,400 US salaried jobs with retirement offers
DEARBORN, Mich. (AP) — Ford Motor Co. will offer early retirement incentives with hopes of cutting its U.S. white-collar workforce by 1,400 more positions.
Unarmed missile launched from California for system test
VANDENBERG AIR FORCE BASE, Calif. (AP) — An unarmed Minuteman 3 intercontinental ballistic missile was launched early Wednesday from California to a target in the Pacific Ocean in a test of the defense system, the …
The Latest: Britain PM resists calls to extend worker wages
LONDON — British Prime Minister Boris Johnson is resisting calls to extend a government program that has paid the wages of millions of workers laid off during the coronavirus lockdown.
India bans PUBG, 117 other Chinese apps amid border standoff
NEW DELHI (AP) — India on Wednesday banned the widely popular Chinese mobile game PlayerUnknown’s Battlegrounds, known by the acronym PUBG, along with 117 other mobile apps in another move targeting China.