Business News

Renault To Cut Nearly 15,000 Jobs

Jobs cuts come as company tries to save $2.2 billion over the next three years.

Twitter disables Trump campaign's George Floyd…

Twitter has blocked a Trump campaign video tribute to George Floyd over a copyright claim

JC Penney closing 154 stores in first…

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EasyJet To Cut 30% Of Its Workforce Amid…

EasyJet will soon start consulting with employees about the job cuts. It's also going to reduce the size of its fleet to cut costs even more.

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Australia's national news agency to survive with new owners

Australia’s national news agency will continue with new owners, the board confirmed Friday, just weeks before it was due to be shut down

Slack: Fiscal 1Q Earnings Snapshot

Walt Disney World To Begin Phased Reopening In…

Disney plans to reopen Magic Kingdom and Animal Kingdom on July 11. Epcot and Hollywood Studios will open their gates July 15.

9 firefighters hospitalized in Florida after ship explosion

Authorities say nine firefighters responding to a fire aboard a ship in Florida have been hospitalized after the ship exploded

France Unveils $8.8 Billion Plan To Save Its Auto…

French President Emmanuel Macron said he wants to make France the leading producer of clean vehicles in Europe.

Japan’s pandemic deaths low, but future success uncertain

Japan has kept its deaths from the new coronavirus low despite a series of missteps that beg the question of whether it can prevent future waves of infections

Google: State-backed hackers targeted Trump…

Google said state-backed hackers have targeted the campaigns of both President Donald Trump and former Vice President Joe Biden, although its saw no evidence that the phishing attempts were successful

Tesla Drops Lawsuit Against Alameda County Over…

The company dismissed the lawsuit after it reached an agreement with Alameda County to resume production.

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The Latest: British Airways mulling suit vs…

British Airways is considering legal action against the U.K. government’s plans to force anyone arriving into the country to quarantine themselves for 14 days in order to stem the spread of the coronavirus

PG&E critics urge judge to reject utility's…

Pacific Gas & Electric’s proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment is facing a final barrage of resistance from critics

Johnson & Johnson Discontinues Talc-Based Baby…

Over the years, 19,400 lawsuits have alleged the company's talc-based baby powder contains asbestos.

New Zealand military buys 5 Lockheed Hercules planes for $1B

New Zealand’s military says it's buying five Lockheed Martin Super Hercules transport planes for $1 billion

New York Times says senator’s op-ed didn’t meet…

The New York Times says a controversial op-ed it published by Republican Sen. Tom Cotton that advocated the use of federal troops to quell demonstrations did not meet its standards

Uber Is Laying Off 3,000 More Employees

The rideshare company already announced plans to lay off 3,700 employees earlier this month.

How major US stock indexes fared Thursday

Wall Street paused on Thursday, and the S&P 500 fell 0.3% for its first loss in five days

Airline stocks soar as American, United add back…

Airline stocks have soared on news that the carriers are bringing back more flight in July

Famed Department Store JCPenney Files For…

The 118-year-old retailer has accrued nearly $4B in debt but plans to reopen stores as lockdown measures scale back.

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West Virginia sues Rite-Aid, Walgreens over pain pill flood

West Virginia's attorney general has filed a lawsuit accusing Rite-Aid and Walgreens of failing to monitor and report suspicious orders of prescription painkillers

Study on safety of malaria drugs for coronavirus…

Several authors of a large study that raised safety concerns about malaria drugs for coronavirus patients have retracted the report

Stylist Says She Is Essential As Salons Begin To…

Wearing masks and frequent handwashings are now part of the hair care profession.