Today’s Top Business News – The Los Angeles Tribune
- Clothing retailer Lucky Brand Dungarees has filed for bankruptcy with initial plans to close at least 13 stores and with a possible deal to sell its private equity-backed business to the operator of Aéropostale and Nautica brands.
- A Turkish judge ordered the release of five defendants pending a verdict in their trial on charges they assisted onetime auto executive Carlos Ghosn in making an undeclared layover in Turkey late last year after he fled Japan inside a musical-equipment box.
- Jan Marsalek, Wirecard’s longtime chief operating officer, stopped responding to messages from colleagues when the electronic-payments giant ran into trouble. The company still doesn’t know where he is.
- Brazilian mining giant Vale is financially ready to resume divided payments after the Brumadinho dam disaster, but would watch the spread of the coronavirus before making a decision, the chief financial officer said.
- U.S. tech titans face a looming test of their free-speech credentials in Hong Kong as China’s new national-security law for the city demands local authorities take measures to supervise and regulate its uncensored internet.
- These spaces pose particular challenges for transmission control because of both human behavior and the way the coronavirus spreads most efficiently—indoors through close, prolonged contact without protection.
- TikTok, a popular short-video app, sought to distance itself from Beijing after India banned it and dozens of other Chinese mobile apps in retaliation for a deadly border clash last month.
- Rick Smith, the man who pioneered Taser stun guns, says he wants to manufacture a next-generation Taser that is so effective police officers won’t have to use their pistols anymore. But he says it will take 10 years.
- China, which began restarting its manufacturing plants over four months ago after Covid-19 forced a nationwide shutdown, provides a template for how to do it safely.
- The pandemic has dinged the auto sector, but one part of the industry is faring better than it was before the crisis: used cars.