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…
How major US stock indexes fared Friday
More gains for stocks Friday gave the S&P 500 its fifth straight winning week. That’s the longest weekly winning streak for the benchmark index since December, before the coronavirus pandemic swept the world and se…
Business Highlights
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Restaurants, gyms slam California virus rules, see closings
LOS ANGELES (AP) — Owners of restaurants, gyms and nail salons criticized California's new rules guiding when businesses can reopen during the coronavirus pandemic, saying the plan will bring financial misery to th…
Coca-Cola offering buyouts to about 4,000 workers
Coca-Cola is offering voluntary buyouts to about 4,000 people to reduce the number of layoffs it says will take place as it streamlines operations.
Manufacturing defect leads Boeing to ground several 787 jets
Boeing has found manufacturing defects on some of its 787 long-range airliners in areas where parts of the fuselage are joined together, the latest setback for the aircraft maker whose 737 Max is still grounded aft…
Japan's 'flying car' gets off ground, with a person aboard
TOKYO (AP) — The decades-old dream of zipping around in the sky as simply as driving on highways may be becoming less illusory.
Tesla targeted in failed ransomware extortion scheme
BOSTON (AP) — In a tweet, Tesla CEO Elon Musk solved a mystery involving a 27-year-old Russian, an insider at an unnamed corporation and an alleged million-dollar payment offered to help trigger a ransomware extort…
Abe says 'gut wrenching' resignation leaves goals unfinished
TOKYO (AP) — Japan's longest-serving prime minister, Shinzo Abe, said he is stepping down because a chronic health problem has resurfaced. He told reporters Friday that it was “gut wrenching” to leave many of his g…
UAE formally ends Israel boycott amid US-brokered deal
DUBAI, United Arab Emirates (AP) — The ruler of the United Arab Emirates issued a decree Saturday formally ending the country's boycott of Israel amid a U.S.-brokered deal to normalize relations between the two cou…
Head of jewelry theft crew sentenced to federal prison
SANTA ANA, Calif. (AP) — The Los Angeles head of a ring that tracked and robbed traveling jewelry salespeople, stealing at least $835,000 worth of goods, was sentenced to federal prison Friday, prosecutors said.
FAA faults Chicago for jet that skidded off slick runway
WASHINGTON (AP) — Federal safety officials are proposing a civil penalty of nearly $1.6 million against the city of Chicago after a plane slid off any icy runway at O’Hare Airport last November.
Patrol: Tesla Autopilot driver was watching movie, crashed
ZEBULON, N.C. (AP) — A Tesla driver, whose car was on Autopilot mode, was watching a movie on his phone when he crashed into a sheriff’s deputy's car, the North Carolina State Highway Patrol said.
New Zealand investigating stock market cyber attacks
WELLINGTON, New Zealand (AP) — New Zealand’s government and its foreign spy agency are getting involved after cyber attacks disrupted trading on the nation’s stock market several times this week.
Asia Today: South Korea tightens distancing as cases mount
SEOUL, South Korea (AP) — South Korea is tightening social distancing restrictions in the greater capital area, requiring restaurants to provide only deliveries and takeouts after 9 p.m. and shutting down gyms and …
California's charts new and slower course on reopening
SACRAMENTO, Calif. (AP) — With the hope of preventing another virus surge, California Gov. Gavin Newsom announced a new process Friday for reopening businesses that's more gradual than the first attempt that eventu…