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Briefs: RadioShack says it's going bankrupt soon; Airlines more on time

A RadioShack store on March 4, 2014, in

A RadioShack store on March 4, 2014, in San Francisco. Credit: Getty Images / Justin Sullivan

Here's what's happening in the world of business on Sept. 11, 2014.

Big stories

- RadioShack is trying to keep the lights on, and isn't ruling out a mass closing of its retail stores to avoid bankruptcy. The company is working on a financing deal with UBS and Standard General, hoping a cash infusion will keep it afloat as it restructures.

It's the economy

- Unemployment claims went up to 315,000 last week, the U.S. Labor Department said Thursday, the most since late June. The figure is still 7.1 percent lower than it was last year.

- The U.S. budget deficit fell to $128.7 billion in August, the Treasury Department said, a drop of 13 percent compared to last year.

Company news

- The Federal Drug Administration has approved Contrave, a weight-loss drug intended to be used to treat chronically obese individuals with at least one weight-related condition. Contrave is a combination of two drugs: naltrexone, which is approved to  treat chemical dependence and addiction, and bupropion, which is approved to help people quit smoking.

- U.S. airlines are on time in July, according to the U.S. Department of Transportation. Nearly 76 percent of flights arrived on time in July for the country's 14 largest airlines, officials said. That's up from 73 percent last year.

Across the region

- New Jersey Transit has added the ability to pay fares via smartphone. Bus passengers in South Jersey and Philadelphia will be able to use its app, My Tix, which lets them display their monthly passes on their devices.

- The shuttered Revel Casino could see new life soon. A Florida company has bid $90 million for the bankrupt Atlantic City hotel and casino, although it has not said if it would operate the business as a casino if the purchase is approved.

Across the nation

- The Honolulu City Council has approved measures to move homeless people out of tourist hot spots after complaints from the tourism industry that the homeless are creating safety and hygiene issues, including reports of human waste in public parks and on  sidewalks. Critics say the measures don't address the problem, however, and even goes as far criminalizing homelessness.

Across the world

- China slapped a $40.5 million fine on Audi for enforcing minimum prices at its dealerships. Chrysler was fined $5.2 million for the same reason. Chinese regulators say setting minimum prices for services violates its free-market ideals.

- The Royal Bank of Scotland said it will shift its headquarters to England if Scottish independence is approved next week, on worries over currency, credit and regulations a Scottish government would impose. Lloyds Banking Group, which also owns Scottish bank brands, said it also would set up a base in England if Scottish independence is approved.

Tech bites

- T-Mobile will sell smartphones that can text or make calls over a Wi-Fi network, its latest move to grab a larger share of the mobile device and service market.

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