Uber won’t renew autonomous test permit in Calif.

DETROIT— Uber will not renew its permit to test autonomous vehicles on California public roads when it expires Saturday. And the company will have some explaining to do if it wants to get a new permit.

California’s Department of Motor Vehicles told the ride- hailing service in a letter Tuesday that it will lose testing privileges after Saturday. If Uber wants to return, it will need a new permit and has to address investigations into a fatal crash in Arizona last week.

On March 18, an Uber autonomous SUV struck and killed a pedestrian near Phoenix. Arizona’s governor suspended Uber’s self- driving privileges Monday.

Europe bailout fund approves $ 6.7 billion loan to Greece

ATHENS, Greece— Europe’s bailout fund on Tuesday approved a 6.7 billion euro loan installment to Greece as part of its third international rescue program, with payment of the first 5.7 billion euros expected this week.

The European Stability Mechanism said the approval came after the Greek government completed a series of required reforms. The funds will be used to service public debt and clear domestic arrears.

“Today’s decision . . . acknowledges the hard work by the Greek government and Greek people in completing an extensive set of reforms,” said ESM head Klaus Regling.

Consumer confidence falls

American consumers’ confidence has slipped after reaching an 18- year high last month. The Conference Board said its consumer confidence index fell to 127.7 in March. That was down from 130 in February, which was the highest level since November 2000. The business research group’s index measures consumers’ assessment of current conditions and their outlook for six months.

$ 1,000 bonuses at McCormick

NEW YORK— McCormick & Co. is the latest company to offer employees bonuses, citing sweeping tax reforms that slashed corporate tax rates. The spice- maker is offering $ 1,000 bonuses to eligible hourly employees and says it plans to “accelerate” wage increases.