Business

Business openings, closings, and local economic news.

Mercedes-Benz Q3 car sales fall 8% as China demand weakness persists, EV sales rise 52%

Oct 7 (Reuters) German luxury carmaker Mercedes-Benz said on Wednesday sales in its core car ‌business continued to fall in the third quarter, declining 8% year-on-year due to challenging ‌market conditions in China. • ⁠Car deliveries fell ⁠to 407,200 units in the July-September period, the...

Marcus Chen

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Bulgaria halts rescue operation for crew of sunken ship

SOFIA, Oct 7 (Reuters) Bulgaria has halted its search for the missing crew of a ship that sank after being hit by a drone on Tuesday about 70 nautical miles (130 km) off its coast, Vice-Admiral Rumen Nikolov of the Maritime Administration Executive Agency ‌told Nova TV on Wednesday. Early on...

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NHL roundup: Career firsts for top pick Gavin McKenna as Leafs top Predators

By Field Level Media Oct 07 (Field Level Media) Auston Matthews scored with 14 seconds remaining in overtime as the Toronto Maple Leafs rallied from an early 3-0 deficit to defeat visiting Nashville Predators 5-4 on Tuesday night. Matthews, who also had three assists, passed Bill Guerin (429) into...

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Intel to keep working on Musk’s Terafab chipmaking venture, Bloomberg News reports

Oct 7 (Reuters) Intel Corp will continue to work with Elon Musk on his Terafab project, Bloomberg News reported ‌on Wednesday. Here s what to know: • Intel will remain involved in the project, CEO Lip-Bu Tan told Bloomberg ‌ahead of an event ⁠in Tokyo marking ⁠the US chipmaker s 50th year of...

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Today in History, 1988: ‘Well-oiled’ thieves make off with furs from Fargo store

On this day in 1988, thieves broke into a Fargo fur store and escaped with several furs in about two minutes, in what police called a well-oiled operation. Here is the complete story as it appeared in the paper that day: Well-oiled thieves hit Fargo fur store By Dave Olson STAFF WRITER Fargo police...

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India raises policy rate by 25 bps in first hike in nearly four years

By Jaspreet Kalra and Abinaya V MUMBAI, Oct 7 (Reuters) The Indian central bank raised its benchmark repo rate by 25 basis points to 5.5% on Wednesday, marking the ‌first rise in nearly four years amid mounting inflation and strong economic growth. India has joined major central banks in raising...

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