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.

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.

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

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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.

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.

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.

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.

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.

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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.

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

Malaysian ex-PM to hear verdict in 1st graft case…

Lawyers for Malaysian ex-Prime Minister Najib Razak say he was victimized by rogue bankers and should be acquitted of corruption linked to the massive looting of a state investment fund

Despite global reopening push, some jobs are gone…

Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back

Unemployment rate falls to 13.3%, US adds 2.5…

The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy and depressed the job market in the wake of the viral pandemic

Federal court rejects EPA approval of widely used herbicide

A federal appeals court in San Francisco says the government must revoke its approval of a widely used weed killer that has damaged other crops and turned neighbor against neighbor in some farm communities

JC Penney closing 154 stores in first…

J

Slack: Fiscal 1Q Earnings Snapshot

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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

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