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.

Venezuela jails 3 DirecTV executives as US firm cuts service

Venezuelan authorities have jailed three executives of DirecTV because the U.S. company cut off its services to the South American country last month, citing U.S. sanctions against the socialist government

Citing jobs, Trump claims victory over virus…

President Donald Trump is effectively claiming victory over the economic crisis and COVID-19 — as well as major progress against racial inequality — heartily embracing a better than expected jobs report

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.

AdChoices Icon

United Airlines, Broadcom rise; Gap, PagerDuty fall

Stocks that moved heavily or traded substantially on Friday: United Airlines, Broadcom rise; Gap, PagerDuty fall

Nations try to get back on their feet but job…

Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19

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.

How major US stock indexes fared Friday

Stocks jumped Friday after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed

Canadian economy unexpectedly adds 289,600 jobs in May

Statistics Canada says the Canadian economy added 289,600 jobs in May, with businesses reopening amid easing public health restrictions

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.

AP Explains: Key takeaways from a surprising jobs…

Economists, political aides and business leaders had been bracing for another horrific month of job cuts and swelling unemployment

Putin chastises Russian tycoon over massive…

Russian President Vladimir Putin has chastised the billionaire owner of a nickel giant over a massive fuel oil spill that has inflicted huge damage on a fragile Arctic region

Tesla Drops Lawsuit Against Alameda County Over…

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

AdChoices Icon

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

No progress: EU, UK remain far apart in…

The fourth round of talks for a future trade deal between the European Union and the U.K. have ended with little progress

Johnson & Johnson Discontinues Talc-Based Baby…

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

California again extends major contract for protective masks

California is giving a Chinese manufacturer it contracted with for hundreds of millions of protective masks one more week to get federal certification after the company twice missed the deadline

Twitter disables Trump campaign's George Floyd…

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

Uber Is Laying Off 3,000 More Employees

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

Trump allows commercial fishing in marine…

President Donald Trump has rolled back protections at a marine conservation area off the New England coast

German factory orders plunge, portending lean…

Factory orders in Germany plunged even more than anticipated in April, underlining the effect the coronavirus pandemic has had on Europe’s largest economy

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.

AdChoices Icon

Wall Street's rally zooms higher after surprise…

The S&P 500 jumped another 2.6% Friday after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed

Faced with making food for state troopers, workers walk out

Four restaurant workers have sparked a conversation about free expression in the workplace after they refused to help fill a food order for the Ohio Highway Patrol as it policed race protests