Latest Business News

California legislators break with Gov. Newsom over loan to keep state's last nuclear plant running

Jun. 13, 2024 18:17 PM EDT

LOS ANGELES (AP) — The California Legislature signaled its intent on Thursday to cancel a $400 million loan payment to help finance a longer lifespan for the state’s last nuclear power plant, exposing a rift with Gov. Gavin Newsom who says that the power is critical to safeguarding energy...

Duke Energy power equipment in Durham found damaged from gunfire after power outage, police say

Jun. 13, 2024 18:13 PM EDT

RALEIGH, N.C. (AP) — Damage to a utility's power equipment by gunfire found in Durham was associated with an outage that left hundreds of people without power earlier this week, the company said. About 730 people experienced a power outage for about two hours on Monday after...

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote

Jun. 13, 2024 18:08 PM EDT

DETROIT (AP) — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year. Vote totals weren't immediately announced at Tesla’s annual stockholders' meeting, but the company said they...

The US fines Middle Eastern airline Emirates $1.8 million for flights that passed too low over Iraq

Jun. 13, 2024 18:04 PM EDT

WASHINGTON (AP) — The Transportation Department said Thursday that it fined Middle Eastern airline Emirates $1.8 million for flights in regions off-limits to U.S. airlines while it allowed JetBlue Airways to sell seats on the planes. The fine involves a “significant number” of...

Could a cockpit warning system prevent close calls between planes at US airports?

Jun. 13, 2024 18:00 PM EDT

DALLAS (AP) — As a Delta Air Lines jet began roaring down a runway, an air traffic controller at New York's John F. Kennedy International Airport suddenly blurted out an expletive, then ordered the pilots to stop their takeoff roll. The controller saw an American Airlines plane...

Unanimous Supreme Court preserves access to widely used abortion medication

Jun. 13, 2024 17:55 PM EDT

WASHINGTON (AP) — The Supreme Court on Thursday unanimously preserved access to a medication that was used in nearly two-thirds of all abortions in the U.S. last year, in the court’s first abortion decision since conservative justices overturned Roe v. Wade two years ago. The...

Met Opera in New York sold 72% of tickets this season, up from 66% and highest since pandemic

Jun. 13, 2024 17:53 PM EDT

NEW YORK (AP) — The Metropolitan Opera sold 72% of its available tickets this season, up from 66% in 2022-23 and an increase from 61% from its first season following the pandemic. Box office remained down from 75% in 2018-19 and a projected 76% for 2019-20 before the mid-March...

FDA took months to react to complaint about Abbott infant formula factory, audit finds

Jun. 13, 2024 17:52 PM EDT

The U.S. Food and Drug Administration took more than 15 months to act on a whistleblower complaint it received about conditions at an Abbott Nutrition factory that was at the center of a nationwide shortage of infant formula, a new audit shows. The Department of Labor received the...

Tyson Foods heir suspended as CFO after second alcohol-related arrest

Jun. 13, 2024 17:39 PM EDT

Tyson Foods suspended its chief financial officer – a great-grandson of the company’s founder – after his arrest Thursday on charges of driving while intoxicated. John R. Tyson, 34, was arrested early Thursday by University of Arkansas police in Fayetteville, Arkansas,...

Audit finds Minnesota agency's lax oversight fostered theft of $250M from federal food aid program

Jun. 13, 2024 17:36 PM EDT

MINNEAPOLIS (AP) — A Minnesota agency's inadequate oversight of a federal program that was meant to provide food to kids, and its failure to act on red flags, created the opportunities that led to the theft of $250 million in one of the country's largest pandemic aid fraud cases, the...