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…
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…
After nearly 200 years, Lord & Taylor goes out of business
NEW YORK (AP) — Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
Amsterdam's Schiphol Airport cuts hundreds of jobs
THE HAGUE, Netherlands (AP) — Amsterdam's Schiphol Airport announced Friday that it will cut hundreds of jobs as it warned that air traffic likely will not return to pre-coronavirus pandemic levels until 2023-25.
A ruling party member confirms Japan's Prime Minister Shinzo Abe is resigning due to his declining health
TOKYO (AP) — A ruling party member confirms Japan's Prime Minister Shinzo Abe is resigning due to his declining health.
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…
US now using several hotel chains to detain migrant children
HOUSTON (AP) — The U.S. government has detained children at several major hotel chains — more than previously known — during the coronavirus pandemic instead of transferring them to government-funded shelters, acco…
The Latest: SKorea prepares for more restrictions in capital
SEOUL, South Korea --- South Korea has reported 323 new cases of the coronavirus, marking its 16th consecutive day of triple-digit daily jumps, as health officials prepare to tighten social distancing restrictions …
In a week of layoffs in the US, MGM Resorts adds 18,000 more
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people.