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…
Australia blocks Kirin's $430M sale of business to Chinese
CANBERRA, Australia (AP) — Australia's government announced on Tuesday it proposed to block Kirin Holdings Co.'s 45.6 billion yen ($430 million) sale of its Australian beverage unit to a Chinese company in a develo…
Asian stock markets follow Wall Street higher
BEIJING (AP) — Asian stock markets rose Monday after Wall Street hit a new high despite lingering unease about a possible second wave of coronavirus infections.
Shipbuilders approve 3-year pact, ending monthslong strike
BATH, Maine (AP) — A 63-day strike at Bath Iron Works — against the backdrop of a pandemic in an election year — came to an end Sunday with shipbuilders voting to return to their jobs producing warships for the Uni…
To-go drinks an elixir for public, a lifeline for business
DETROIT (AP) — The coronavirus is shaking up America's liquor laws.
Rio Tinto CEO loses $3.5M over destroyed Indigenous sites
CANBERRA, Australia (AP) — Rio Tinto chief executive Jean-Sebastien Jacques will lose around $3.5 million in bonuses due to the destruction of Australian Indigenous sacred sites to access iron ore, the mining compa…
TikTok sues Trump over his pending order to ban its app
NEW YORK (AP) — Video app TikTok is
Kashmir group calls India’s internet ban 'digital apartheid'
SRINAGAR, India (AP) — A prominent rights group in Indian-administered Kashmir on Tuesday described a communications blackout imposed by India following its scrapping of the disputed region’s semi-autonomy last yea…
Cyprus denies new allegations in "golden passport" scheme
NICOSIA, Cyprus (AP) — Cyprus on Sunday denied fresh allegations that it was granting citizenship to foreigners accused of crimes in exchange for millions in investments, insisting that all those who received a pas…
This Week: Consumer confidence, GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Apple CEO Tim Cook is fulfilling another Steve Jobs vision
BERKELEY, Calif. (AP) — Apple co-founder Steve Jobs, who died in 2011, was a tough act to follow. But Tim Cook seems to be doing so well at it that his eventual successor may also have big shoes to fill.
Fiat Chrysler recalls diesel engines to fix stalling problem
DETROIT (AP) — Fiat Chrysler is recalling nearly 132,000 vehicles worldwide to fix a problem that could cause some diesel engines to stall.
Business Highlights
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Insider Q&A: More oil and gas bankruptcies coming
NEW YORK (AP) — Bankruptcies in the U.S. oil patch are on the rise after the global pandemic decimated demand. But shale companies were struggling before COVID hit, loading up on debt before prices came crashing do…
Corps: Alaska mine would have adverse impacts on salmon site
ANCHORAGE, ALASKA (AP) — A proposed gold and copper mine at the headwaters of the world’s largest sockeye salmon fishery in Alaska would cause “unavoidable adverse impacts,” the U.S. Army Corps of Engineers said in…
Average US gas price remains steady at $2.25 per gallon
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.25 per gallon.