Here's what's happening in the world of business on Sept. 9, 2014.
- Is there anything bigger than Apple today? The tech giant introduced new iPhone models as well as its much-speculated wearable device, the Apple Watch.
- The bankrupt Trump Entertainment has threatened to close Atlantic City's Taj Mahal, which would be the fifth casino to shut in the New Jersey city this year, if the hotel does not receive salary concessions from its workers to help pay off its debts.
- Video game company Electronic Arts said it will drop former Ravens player Ray Rice from its latest Madden NFL 15 game after the player was suspended from the league following a video showing him punching his then-fiancee.
- Hard times continue for McDonald's. The fast-food company said its global sales dropped nearly 4 percent in August on concerns over a tainted meat scare in China. The company said it plans to enact stricter food monitoring guidelines. U.S. sales also fell by 2.8 percent.
- Google is still working out how to remove search results in Europe after the a Right to be Forgotten ruling by a European Union high court forced the company to honor user requests. The company will hold seven public forums to help it come up with guidelines on when to honor a takedown request, and when to leave the result intact.
- Coach has named Gebhard Rainer as president and COO of the fashion brand. He previously was CFO for Hyatt Hotels.
- A sexual harassment suit involving Tinder founders has been settled. Former vice president Whitney Wolfe alleged she was threatened and discriminated against by the dating app's founders.
It's the economy
- The number of job openings in the United States are near the highest levels in 13 years, the U.S. Labor Department said, despite sliding by 2,000 jobs in July as government openings waned.
- Late auto payments are on the rise, TransUnion said on Tuesday, with loans more than 60 days late inching up nearly 1 percent in the second quarter.
- U.S. currency's value is climbing as the economy continues to recover. The dollar is up 6.4 percent.
Across the nation
- The U.S. House of Representatives will extend the authority of the Export-Import Bank, Speaker John Boehner said Tuesday, despite calls from some in his party to let the charter on the bank expire. Ex-Im helps fund foreign purchases of U.S. goods.
- U.S. officials investigating a fatal August crash of a UPS cargo plane said Tuesday that they found multiple errors that pilots made leading up to the Aug. 14 wreck in Alabama. The panel said the pilots may have been fatigued, something the pilots' union has said likely contributed to the crash.
- Bourbon lovers, mark your calendars. The Kentucky Distillers' Association will hold a five-day festival for the spirit in June dubbed the Kentucky Bourbon Affair.
Across the world
- The Chinese like Ikea, a lot. The world's largest furniture retailer said China is now its fastest-growing market.
- Meanwhile, a European business group is calling out China's economic makeup, saying reforms are needed to cut down on the number of state-run businesses and to make competition easier for global companies with Chinese footholds.
- Lufthansa pilots are expected to strike on Wednesday over retirement payments. The walkout is to last eight hours and could hamstring Germany's second-busiest airport.