Business Briefs – February 27, 2017
Ground Broken on New $1.6B Terminal at Los Angeles Airport
LOS ANGELES (AP) – Construction has begun on a new $1.6 billion terminal at Los Angeles International Airport. Mayor Eric Garcetti and other city leaders helped break ground Monday on the Midfield Satellite Concourse, which will connect to the Tom Bradley International Terminal via an underground tunnel. The 750,000-square-foot terminal will include 12 gates and a new baggage system, as well as restaurants and shops. It’s scheduled to be completed in 2019.
U.S. Judge Dismisses Suit Linked To Mexico Bribery Allegations
A judge has dismissed a lawsuit that accused Wal-Mart’s Mexico operations of misleading shareholders during an alleged bribery scheme. The federal judge in New York rejected shareholder claims that former Wal-Mart executives knew about bribery allegations or failed to find out. A Wal-Mart spokesman says the company appreciates the court’s careful consideration and is pleased with the decision dismissing the claims.
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