Latest Business News

Justice Dept. claims TikTok collected US user views on issues like abortion and gun control

Jul. 27, 2024 01:40 AM EDT

WASHINGTON (AP) — In a fresh broadside against one of the world’s most popular technology companies, the Justice Department late Friday accused TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abortion and...

California date palm ranches reap not only fruit, but a permit to host weddings and quinceañeras

Jul. 27, 2024 00:07 AM EDT

COACHELLA, Calif. (AP) — Claudia Lua Alvarado has staked her future on the rows of towering date palms behind the home where she lives with her husband and two children in a desert community east of Los Angeles. It’s not solely due to the fleshy, sweet fruit they give each year....

North Carolina regulators say nonprofit run by lieutenant governor's wife owes the state $132K

Jul. 26, 2024 22:40 PM EDT

RALEIGH. N.C. (AP) — North Carolina state regulators now declare a nonprofit run by the wife of North Carolina Lt. Gov. Mark Robinson must repay over $132,000 for what they call disallowed expenses while carrying out a federally funded child care meal program. The state Department...

Bills co-owner Kim Pegula helps break team huddle in latest sign of her recovery from cardiac arrest

Jul. 26, 2024 19:09 PM EDT

PITTSFORD, N.Y. (AP) — Buffalo Bills co-owner Kim Pegula showed significant signs in her recovery from a debilitating cardiac arrest by being escorted to the field by her husband to help break the post-practice team huddle on Friday. Though her steps were somewhat tentative, this...

Senators call on Federal Trade Commission to investigate automakers' sale of driving data to brokers

Jul. 26, 2024 18:58 PM EDT

DETROIT (AP) — Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers' driving data to brokers who package it and then sell it to insurance companies. In a letter to FTC Chairwoman Linda Khan, Democrats Ron Wyden of Oregon, and...

The city of Atlanta fires its human resources chief over 'preferential treatment' of her daughter

Jul. 26, 2024 18:39 PM EDT

ATLANTA (AP) — Atlanta’s head of human resources was fired for abusing her power as a City Hall employee by “encouraging preferential treatment” of her daughter, the Atlanta Journal-Constitution reported. The Office of Inspector General released a report in May alleging that...

G20 finance ministers agree to work toward effectively taxing the super-rich

Jul. 26, 2024 18:35 PM EDT

RIO DE JANEIRO (AP) — Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. “With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that...

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

Jul. 26, 2024 17:59 PM EDT

NEW YORK (AP) — A widespread rally swept Wall Street Friday, lifting far-reaching corners, to close a tumultuous week where stocks that had been left behind for much of this year’s record-setting run wrested the spotlight back from the market’s biggest stars. The S&P 500...

First Capital: Q2 Earnings Snapshot

Jul. 26, 2024 16:51 PM EDT

CORYDON, Ind. (AP) — CORYDON, Ind. (AP) — First Capital Inc. (FCAP) on Friday reported profit of $2.8 million in its second quarter. The Corydon, Indiana-based company said it had profit of 85 cents per share. The bank holding company posted revenue of $14.2...

Territorial Bancorp: Q2 Earnings Snapshot

Jul. 26, 2024 16:37 PM EDT

HONOLULU (AP) — HONOLULU (AP) — Territorial Bancorp Inc. (TBNK) on Friday reported a loss of $775,000 in its second quarter. The bank, based in Honolulu, said it had a loss of 9 cents per share. The holding company for Territorial Savings Bank posted revenue of...