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…
German FM warns of 'abyss,' calls for Greek-Turkish talks
ANKARA, Turkey (AP) — German Foreign Minister Heiko Maas appealed to NATO allies Greece and Turkey on Tuesday to enter a dialogue and de-escalate military tensions in the eastern Mediterranean, warning of an “abyss…
The Latest: Kentucky Fried Chicken suspends tagline in ads
LOUISVILLE, Ky. — Don’t lick your fingers!
Honda reaches $85 million settlement over airbags
NEW YORK (AP) — Honda has reached an $85 million settlement with multiple states over allegations that it hid safety failures in the airbags of certain Honda and Acura vehicles sold in the U.S.
The Latest: Brazil president's son tests positive for virus
BRASILIA, Brazil -- The eldest son of Brazilian President Jair Bolsonaro says he’s tested positive for coronavirus and is in isolation with no symptoms.
KFC suspends ‘Its Finger Lickin’ Good’ slogan amid pandemic
LOUISVILLE, Ky. (AP) — Don’t lick your fingers!
UK's Johnson urged to rethink face mask advice in schools
LONDON (AP) — The British government came under renewed pressure Tuesday to change tack and encourage high school students in England to wear face masks when they return to class next week, at least in communal are…
The Latest: University of Alabama closing bars for 2 weeks
TUSCALOOSA, Ala. — Tuscaloosa is closing bars for the next two weeks after what University of Alabama officials call an unacceptable rise in coronavirus cases on campus.
Bank profits slump 70% as virus rakes businesses, households
NEW YORK (AP) — The U.S. banking industry’s second-quarter profits fell by 70% from a year ago as low interest rates and the economic turmoil of the COVID-19 pandemic weighed heavily on big and small banks alike.
American Airlines plans 19,000 furloughs, layoffs in October
DALLAS (AP) — American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of the pandemic.
China's FM visits Italy, in 1st foreign trip since pandemic
ROME (AP) — Italian Foreign Minister Luigi Di Maio said he emphasized during a meeting with his Chinese counterpart on Tuesday that Italy would be monitoring closely the implications of new Chinese security measure…
Best Buy's 2Q online sales surge but challenges remain
NEW YORK (AP) — Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during …
US consumer confidence falls in August to lowest in 6 years
WASHINGTON (AP) — U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the country heightened p…
July sales of new homes surge 13.9%, far more than thought
SILVER SPRING, Md. (AP) — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns.
Stocks drift as Wall Street hugs record highs; yields climb
NEW YORK (AP) — U.S. stocks are drifting close to their record heights Tuesday, as momentum slows on Wall Street.
US new homes sales rise a huge 13.9% in July
WASHINGTON (AP) — US new homes sales rise a huge 13.9% in July.