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News Articles: Business

The Consumer Finance Protection Bureau has fined Apple and Goldman Sachs $89 million. Pictured is the Apple logo hanging in front of an Apple store in Chicago in March.

Tagged as: 

  • Business

Apple and Goldman Sachs ordered to pay $89 million over Apple Card failures

Regulators say the companies hurt hundreds of thousands of users of the credit card, which Apple launched in 2019.

October 23, 2024
|
By:
  • Laurel Wamsley
A Denny's restaurant is shown Sept. 14, 2017, in Cranberry, Pa. Officials at the restaurant chain said about half of the 150 restaurant closures will happen this year and the rest in 2025,

Tagged as: 

  • Business

Denny's says it expects to close 150 locations by the end of 2025

Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales. About half of the closures will happen this year and the rest in 2025.

October 23, 2024
|
By:
  • The Associated Press
American Airlines has agreed to pay a $50 million fine from the U.S. Department of Transportation. The DOT says the penalty is because of "numerous serious violations of the laws protecting airline passengers with disabilities" over a four-year period between 2019 and 2023.

Tagged as: 

  • National

American Airlines fined $50 million for its treatment of passengers with disabilities

The U.S. Department of Transportation penalty against American Airlines comes after "numerous serious violations of the laws protecting airline passengers with disabilities" over a four-year period.

October 23, 2024
|
By:
  • Russell Lewis
Terry Muriekes, a tool-storage worker at Boeing's factory in Everett, Wash. for 38 years, holds a sign during a strike rally last week.

Tagged as: 

  • Business

Boeing workers vote on a new contract, but the company’s problems are far from over

Striking machinists at Boeing vote Wednesday on a new contract offer. Even before the strike, the company was grappling with production and quality control problems that led to billions in losses.

October 23, 2024
|
By:
  • Joel Rose
Rudy Giuliani speaks during a news conference outside federal court in Washington, Dec. 15, 2023.

Tagged as: 

  • Law

Rudy Giuliani ordered to turn over NYC apartment, 26 watches to Georgia election workers

A federal judge has ordered Rudy Giuliani to turn over his New York City apartment and various other assets to two Georgia election workers who won a $148 million defamation judgment against him.

October 22, 2024
|
By:
  • The Associated Press
A sign outside a McDonald's restaurant is seen in Pittsburgh, on June 25, 2019. E. coli food poisoning linked to McDonald’s Quarter Pounder hamburgers has sickened at least 49 people in 10 states, including one person who died and 10 who were hospitalized.

Tagged as: 

  • Health

1 dead, dozens sickened in E. coli outbreak linked to McDonald's Quarter Pounders

E. coli food poisoning linked to McDonald’s Quarter Pounder hamburgers has sickened at least 49 people in 10 states, including one person who died, federal health officials said.

October 22, 2024
|
By:
  • The Associated Press
Olivia Nuzzi an event in Miami in February 2022. She is leaving <em>New York Magazine</em> after nearly eight years.

Tagged as: 

  • Media

Olivia Nuzzi and 'New York Magazine' have split over her relationship with RFK Jr.

The magazine said the two parties agreed to part ways, though an investigation found no inaccuracies or bias in Nuzzi’s reporting. Meanwhile, Nuzzi and her ex-fiancé are blaming each other in court.

October 22, 2024
|
By:
  • Rachel Treisman
Mike Jeffries, who turned Abercrombie & Fitch into a clothing powerhouse, was arrested in West Palm Beach, Fla., as part of a prostitution and sex trafficking case. He's seen here in 2012.

Tagged as: 

  • National

Former Abercrombie CEO Mike Jeffries is arrested in federal sex trafficking case

Several men who made bombshell allegations against Jeffries were male models who described a dynamic in which money and potentially legitimate jobs were used as leverage to exploit them.

October 22, 2024
|
By:
  • Bill Chappell
An Air India airlines jet is pictured in September 2023 in Lido Beach, N.Y. The airline was one of many affected by hoax bomb threats over the past week.

Tagged as: 

  • World

6 Indian airlines flights declare emergencies amid spate of fake bomb threats

Six flights from India declared emergencies within 30 minutes of each other. It comes as fake bomb threats are causing disruptions, diversions and delays for scores of flights on Indian airlines.

October 22, 2024
|
By:
  • James Doubek
Honda Motor Co. logos are pictured in Tsukuba, northeast of Tokyo, on Feb. 13, 2019. The automaker is recalling more than 700,000 vehicles over fuel pumps that may crack and leak fuel, which could increase the risk of a fire.

Tagged as: 

  • Business

Honda recalls 700,000 Accords, Civics and CR-Vs for fuel pumps that can leak

Honda said there are no reports of injuries or deaths related to the issue. It is the second major recall this month at Honda, after 1.7 million vehicles were found to have potential steering issues.

October 22, 2024
|
By:
  • The Associated Press
Terry Muriekes (center), a tool-storage worker at Boeing's factory in Everett, Wash., for 38 years, holds a sign during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at a union hall in Seattle on Tuesday.

Tagged as: 

  • Business

Boeing union is set to vote on a new contract deal, possibly ending strike

The latest proposal includes a 35% general wage increase over four years — bringing it closer to the union's original ask for 40%. Boeing previously offered a 25% raise over the life of the contract.

October 19, 2024
|
By:
  • Juliana Kim
Screenshots of some of the waffle products named in the recall.

Tagged as: 

  • Business

Frozen waffles sold at Walmart, Target and supermarkets are recalled over listeria risk

The recall includes various certain frozen waffles sold in Walmart, Target, Publix and other stores. Some waffles for brands like Kodiak Cakes, Simple Truth and Food Hold have also been recalled.

October 19, 2024
|
By:
  • Juliana Kim
The logo of Tesla car is pictured at the Paris Auto Show, in Paris on Oct. 14, 2024.

Tagged as: 

  • National

U.S. to probe Tesla's 'Full Self-Driving' system after pedestrian killed

The U.S. government's road safety agency is investigating Tesla's “Full Self-Driving” system after getting reports of crashes in low-visibility conditions, including one that killed a pedestrian.

October 19, 2024
|
By:
  • The Associated Press
Earlier this year CVS Health cuts its 2024 profit forecast due to an increase in Medicare-related costs.

Tagged as: 

  • Business

CVS Health CEO Lynch steps down as the drugstore chain struggles to right its path

CVS Health CEO Karen Lynch has stepped down, with company shares sinking 19% this year. CVS Health also warned of disappointing third-quarter earnings.

October 18, 2024
|
By:
  • The Associated Press
Housing sales remain slow, despite mortgage rates a point lower than a year ago.

Tagged as: 

  • Business

Mortgage rates were supposed to come down. Instead, they're rising. Here's why

Mortgage rates are ticking up, even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.

October 18, 2024
|
By:
  • Laurel Wamsley
  • Load More

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