Kansas City payday loan tycoon to argue his billion-dollar fine to U.S. Supreme Court

Business / Business News /

KANSAS CITY -- The U.S. Supreme Court on Thursday agreed to hear an appeal by Kansas City payday loan tycoon Scott Tucker that challenges the Federal Trade Commission's authority to demand restitution, as the agency did in his case when it obtained a $1.3 billion order against him.

Lower courts have issued mixed opinions about whether the FTC, ...Read more

Neal Templin: 6 steps to reduce risk of a fire engulfing your home

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Hotter, drier weather has produced a spate of destructive fires, but there are key steps homeowners can take to lessen the risks.

This includes understanding which communities are most threatened by wildfires before you buy a house, as well as making your home and yard more fire-resistant after you move in.

Even as the climate keeps warming, ...Read more

FAA probing Boeing's alleged pressure on designated inspectors

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U.S. aviation regulators have begun a formal investigation of Boeing Co. after company employees alleged they faced duress that threatened their independence while assessing aircraft designs on behalf of the government.

The Federal Aviation Administration's compliance action, which focuses on a controversial program known as Organization ...Read more

Consumer Confidential: Black and Latino borrowers may suffer most as Trump tosses out payday-loan rule

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The Trump administration this week threw out a rule aimed at protecting working people from payday lenders.

This isn't just the latest example of a business-friendly White House placing the interests of companies ahead of those of consumers.

It's also the latest example of Trump ignoring the economic disadvantages of Black and Latino Americans...Read more

The United States does not want Cuba and Venezuela to buy on Amazon

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A minor nuisance that comes with U.S. sanctions is having to say goodbye to buying on Amazon.

The company was fined more than $134,000 on Wednesday for selling goods and services to people in sanctioned countries and their embassies.

According to the U.S. Treasury Department, between 2011 and 2018, people or entities located in Crimea, Iran ...Read more

Bayer didn't report Essure issues to FDA, court filings say

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Bayer AG failed to report thousands of complaints of injuries allegedly caused by its Essure contraception device to the U.S. Food and Drug Administration, according to newly unsealed documents.

After acquiring original Essure maker Conceptus in 2013, the German conglomerate continued the California-based company's practice of not reporting ...Read more

Republicans discussing virus aid package contours

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The Trump administration would support another round of tax rebate checks and help for restaurants, hotels and airlines as part of the next coronavirus aid package, Treasury Secretary Steven Mnuchin said Thursday.

Outlining potential elements of a new aid package, which Congress plans to negotiate later this month, Mnuchin said he is also ...Read more

Disney reopens this weekend. Can you get tickets? And will Mickey wear a mask?

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ORLANDO, Fla. -- After nearly four months of being closed during the pandemic, one of the last major theme parks in Florida will reopen this weekend. Mickey Mouse is back, but Walt Disney World has a slew of rules and guidelines you'll have to follow.

And getting tickets will be really hard.

Disney World will begin its phased reopening on July...Read more

Real estate Q&A: What can we do about loud, partying neighbors?

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Q: We live next door to a house that has recently turned into a busy short-term vacation rental. The guests party to all hours outside in the pool and otherwise misbehave. We tried speaking to the owner and even calling the police. Nothing works. What can we do? -- Tracy

Q: Our neighbors are very loud. They yell and play loud music at all hours...Read more

Amazon aviation fuel deal adds to demand for lower-emissions alternatives

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Amazon will buy an aviation fuel blend made from used fats, oils and greases over the next 12 months as it searches for ways to reduce the greenhouse gas emissions of its growing air cargo operations.

The deal for up to 6 million gallons, announced Wednesday with oil giant Shell and sustainable aviation fuels producer World Energy -- the only ...Read more

Sur La Table files for Chapter 11 bankruptcy and will close nearly half its stores

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SEATTLE -- Sur La Table, the Seattle-based company that built a savory brand around high-end kitchenware and upscale cooking, has filed for bankruptcy protection and will shutter 56 of its 121 remaining locations.

Wednesday's Chapter 11 filing, which could see the heavily indebted company sold to a New York investment group, comes just two ...Read more

US initial jobless claims fall, ease worry of worsening market

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Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases.

Initial jobless claims in regular state programs fell by 99,000 -- the most in a month -- to 1.31 million in the week ended ...Read more

Workplace testing for coronavirus remains a challenge

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WASHINGTON -- Testing in the workplace could be the next step in fighting the coronavirus pandemic, but testing shortages and a lack of uniform standards are complicating the path forward.

Experts are largely unified in their call to make regular testing available in vulnerable places such as prisons or nursing homes, and Senate Republicans are...Read more

Berkeley breaks ground on unprecedented project: Affordable apartments with a homeless shelter

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Berkeley, Calif., officials and nonprofit leaders broke ground Tuesday on housing for more than 200 homeless and low-income residents -- an unusual project set to become the city's largest affordable housing development.

The project, which will be built on a city-owned parking lot downtown, will include a unique mix of rental housing for low-...Read more

Northwest's small pig farmers face promise and perils amid the coronavirus pandemic

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KINGSTON, Wash. -- On a visit to Tania Issa's farm, you won't find any pink-skinned pigs reared to produce the lean "other white meat" once touted in pork industry advertising campaigns.

She raises Mangalitsas, an eastern European breed that sport startling coats of red, black and blonde wool. They yield richly colored meat marbled with a ...Read more

This airline is requiring a full face shield to fly

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As part of Qatar Airways' updated health and safety measures, the airline will now require passengers to wear a face shield in addition to a mask throughout their flight.

The carrier will provide the complimentary face shields to all passengers in two standard sizes, one for adults and the other for children. The shields will be distributed at ...Read more

Office leasing in LA falls to lowest level since Great Recession

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LOS ANGELES -- Office leasing in Los Angeles County fell to its lowest point since the Great Recession in the second quarter as many businesses reeling from coronavirus restrictions and economic uncertainty halted their searches for new space.

Leasing transactions were about 60% to 70% below normal for that time of year, according to real ...Read more

Alden confirms interest in McClatchy, challenges Chatham's bid hours before auction

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The hedge fund Alden Capital Group challenged portions of a competitor's bid for McClatchy Co. in court filings late Wednesday, a move that confirmed its rumored interest in buying the company and threatened to further delay the auction that will decide the local news company's future.

Alden, which owns the MediaNews Group chain of newspapers ...Read more

Judge dismisses GM's racketeering case against FCA

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DETROIT -- A federal district court judge on Wednesday dismissed the General Motors racketeering lawsuit against Fiat Chrysler Automobiles.

The order followed a decision by the U.S. 6th Circuit Court of Appeals this week not to reassign the case at GM's request though it vacated Judge Paul Borman's earlier order that GM CEO Mary Barra and FCA ...Read more

GM announces price, features of 2021 Corvette, including two new colors

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General Motors said Wednesday it will keep the price of its 2021 Chevrolet Corvette Stingray the same as the introductory 2020 model.

The 2021 Corvette, which goes on sale late in the fourth quarter, will start at $59,995, matching this year's model, which is about a $4,000 increase over the 2019 Corvette. Comparatively, the mid-engine Porsche ...Read more