Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
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…
Swiss authority opens case against Credit Suisse over spying
GENEVA (AP) — Switzerland's financial market oversight body said Wednesday that it has opened “enforcement proceedings” against Credit Suisse in the wake of a spying scandal that has marred the image of the bank.
US factories expand faster in August; orders, production up, but hiring shrinks
WASHINGTON (AP) — US factories expand faster in August; orders, production up, but hiring shrinks.
US construction spending increases tiny 0.1% in July after string of losses related to pandemic shutdowns
WASHINGTONU (AP) — US construction spending increases tiny 0.1% in July after string of losses related to pandemic shutdowns.
Federal appeals court blocks release of President Donald Trump's tax records to Manhattan DA while appeal is heard
NEW YORK (AP) — Federal appeals court blocks release of President Donald Trump's tax records to Manhattan DA while appeal is heard.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for October delivery fell $1.25 to $41.51 a barrel Wednesday. Brent crude oil for November delivery dropped $1.15 to $44.43 a barrel.
Business Highlights
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Survey: US factories grow in August for third straight month
WASHINGTON (AP) — American factories expanded last month at the fastest pace since late 2018, continuing a rebound from the coronavirus recession.
Feds want deal with North Dakota over pipeline protest costs
BISMARCK, N.D. (AP) — The Army Corps of Engineers is recommending that the federal government negotiate a settlement with North Dakota for more than $38 million that the state spent policing protests against the Da…
India eases virus restrictions as cases near 3.7 million
NEW DELHI (AP) — Many Indian states eased lockdown restrictions on Tuesday, allowing more businesses and public areas to reopen to reduce economic pain caused by the coronavirus, even as the country's new daily inf…
US construction spending edges up tiny 0.1% in July
WASHINGTON (AP) — U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic.
Uber to require that passengers provide face-mask selfies
SAN FRANCISCO (AP) — Mask slackers will now have to provide photographic proof they're wearing a face covering before boarding an Uber.
Tesla announces plans to sell up to $5B in new stock shares
DETROIT (AP) — A day after its 5-for-1 stock split took effect, Tesla announced plans Tuesday to sell up to $5 billion worth of common shares.
US Justice Department warns FIFA on international ban
WASHINGTON (AP) — The U.S. Justice Department has entered into a sports dispute involving the company of a longtime friend of President Donald Trump, warning FIFA that a prohibition against staging league matches i…
Samsung's Lee indicted over controversial 2015 merger
SEOUL, South Korea (AP) — South Korean prosecutors on Tuesday indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up what could be a protracted legal battle…
Judge allows Minnesota wineries to use out-of-state grapes
MINNEAPOLIS (AP) — A federal judge has struck down a Minnesota law that required wineries in the frosty state to use mostly Minnesota-grown grapes, in a ruling that could have implications for other cold-climate wi…