Latest Business News

BMW recalls over 291,000 SUVs because interior cargo rails can detach in crash, raising injury risk

Jul. 24, 2024 13:09 PM EDT

DETROIT (AP) — BMW is recalling more than 291,000 SUVs in the U.S. because the interior cargo rails can detach in a crash, increasing the risk of injury. The recall covers certain X3 SUVs from the 2018 through 2023 model years. The company says in documents posted...

Delta CEO, in Paris for the Olympics, says outage-related cancellations should end Thursday

Jul. 24, 2024 12:48 PM EDT

Delta Air Lines canceled significantly fewer flights Wednesday, and the airline's chief executive said cancellations and delays stemming from a global technology breakdown should end by Thursday. The airline issued a message from Ed Bastian to customers while the CEO was in Paris to...

Plane crashes just after takeoff from Nepal's capital, killing 18 people. Pilot is lone survivor

Jul. 24, 2024 12:47 PM EDT

KATHMANDU, Nepal (AP) — A plane crashed Wednesday just after taking off from Nepal’s capital, killing 18 people and injuring a pilot who was the lone survivor. All the people aboard the Saurya Airlines flight including the co-pilot were Nepali except for one passenger, who was a...

Lamb Weston, Tesla fall; Tenet Healthcare, Mattel rise; Wednesday, 7/24/2024

Jul. 24, 2024 12:28 PM EDT

Stocks that traded heavily or had substantial price changes on Wednesday: Tesla Inc. (TSLA), down $28.11 to $218.27 The electric vehicle maker said its profit for the spring fell 45% from a year earlier. Alphabet Inc. (GOOGL), down $7.93 to $173.86 ...

Strike at plant that makes truck seats forces production stoppage for Missouri General Motors

Jul. 24, 2024 12:24 PM EDT

Production has halted at a Missouri General Motors plant that manufactures trucks and vans, the result of a strike at the company that supplies seats for the vehicles. About 480 workers at Lear Corp. in Wentzville walked out at midnight Sunday. The strike brought production to a...

FAA agrees with air traffic controllers' union to give tower workers more rest between shifts

Jul. 24, 2024 12:04 PM EDT

WASHINGTON (AP) — The Federal Aviation Administration said Wednesday it will increase minimum rest time between shifts for air traffic controllers after highly publicized close calls between planes that were following orders from controllers. The FAA and the National Air Traffic...

Stock market today: Big Tech slumps after profits from Alphabet and Tesla fail to impress

Jul. 24, 2024 11:50 AM EDT

NEW YORK (AP) — Drops for Big Tech are dragging U.S. stock indexes lower on Wednesday after Tesla and Alphabet delivered profit reports that hit Wall Street with a thud. The S&P 500 was down 1.6% in midday trading and on track for its fifth loss in six days. The Dow Jones...

Disney reaches tentative agreement with California theme park workers

Jul. 24, 2024 11:18 AM EDT

ANAHEIM, Calif. (AP) — Disney has reached a tentative agreement with four unions representing thousands of workers at its California theme parks, including ride operators, candy makers and parking attendants. The coalition of unions said early Wednesday that its 14,000 workers will...

CrowdStrike blames bug for letting bad data slip through, leading to global tech outage

Jul. 24, 2024 10:27 AM EDT

CrowdStrike is blaming a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off last week's global tech outage that grounded flights, took TV broadcasts off air and disrupted banks, hospitals and retailers. ...

Fomento Economico: Q2 Earnings Snapshot

Jul. 24, 2024 10:24 AM EDT

MONTERREY N.L., Mexico (AP) — MONTERREY N.L., Mexico (AP) — Fomento Economico Mexicano SAB (FMX) on Wednesday reported earnings of $731.1 million in its second quarter. The Monterrey N.l., Mexico-based company said it had net income of $1.93 per share. Earnings, adjusted to...