Microsoft To Permanently Close All Physical Stores
NEW YORK (AP) — Microsoft said Friday it is permanently closing nearly all of its physical stores around the world.
Like other retailers, the software and computing giant had to...
Amazon to Buy Self-Driving Car Company Zoox for $1.2B
FOSTER CITY, CA (Newsmax) - Amazon is stepping up its presence in the self-driving vehicle space with a $1 billion-plus purchase of California company Zoox.
According to The Fin...
Fed Stops Big Banks From Buying Back Stock, Caps Dividends
NEW YORK (AP) — A worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause nation’s 34 largest banks to collectively lose roughly $700 billion, the ...
Google To Start Paying Some News Publishers For Content
LONDON (AP) — Google says it will start paying some publishers for their news content, in a move that could pave the way for reduced tensions between the internet search giant and ...
Pandemic Takes A Bite, Chuck E Cheese Files For Bankruptcy
NEW YORK (AP) — Chuck E Cheese, the restaurant chain that became a Mecca for children and a crucible for many of their parents, is filing for bankruptcy protection.
CEC Entertai...
Applications For Jobless Aid Fall To Still-high 1.48 Million
WASHINGTON (AP) — The number of laid-off workers who applied for unemployment benefits declined slightly to 1.48 million last week, the 12th straight drop and a sign that layoffs a...
US Agency Probes Touch-screen Failures In Tesla Model S
DETROIT (AP) — Complaints that Tesla's giant touch screens can fail have drawn the attention of U.S. safety regulators.
The National Highway Traffic Safety Administration says i...
GNC Files For Ch. 11 Bankruptcy Protection, Closing 800 Stroes
NEW YORK (AP) - Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection. It is looking to close at least 800 to 1,200 stores.
The company said in...
Virus Pummels Commercial Real Estate, Could End Long Boom
NEW YORK (AP) — Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and...
Wirecard Scandal: Missing Billions Likely Don’t Exist
BERLIN (AP) — German payment service provider Wirecard said Monday it has concluded that 1.9 billion euros ($2.1 billion) which were supposed to be held in two accounts probably do...
Apple Re-Closes Some Stores, Raising Economic Concerns
NEW YORK (AP) - Apple's Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepar...
1.5 Million Laid-Off Workers Seek US Jobless Aid, An 11th Straight Weekly Drop, As Economy Increasingly Reopens
WASHINGTON (AP) - About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and empl...
Aunt Jemima Brand Retired By Quaker Due To Racial Stereotype
NEW YORK (AP) — Quaker Oats is retiring the 131-year-old Aunt Jemima brand, saying the company recognizes the character's origins are “based on a racial stereotype.”
Just hours ...
US Casinos Push For Cashless Gambling Payments, Citing Virus
ATLANTIC CITY, N.J. (AP) — The American casino industry wants gambling regulators to make it easier to adopt cashless payment transactions on the casino floor, citing a desire to h...
Businesses Ask Patrons To Waive Right To Sue If They Get Ill
WASHINGTON (AP) — As businesses reopen across the U.S. after coronavirus shutdowns, many are requiring customers and workers to sign forms saying they won’t sue if they catch COVID...
Fed: Will Use ‘Full Range Of Tools’ To Boost Economy
WASHINGTON (AP) — The Federal Reserve has promised to use its “full range of tools” to pull the country out of a deep recession caused by a global pandemic, signaling that it would...
Dow Sinks 1,800 as Virus Cases Rise, Deflating Optimism
NEW YORK (AP) - Stocks are falling sharply on Wall Street Thursday as coronavirus cases increase again, deflating recent optimism that the economy could recover quickly as lockdown...
Wait to Reopen? Some NYC Shops Run out of Patience
NEW YORK (AP) — In a city famous for its lack of patience, some businesses have jumped ahead on what's supposed to be a slow and methodical emergence from coronavirus lockdown.
...
1.5 Million More Laid-Off Workers Seek Unemployment Benefits
WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy ...
Google Quietly Rolls Out Test Version Of Android Upgrade
SAN RAMON, Calif. (AP) — Google has released a test version of its annual upgrade to its Android software without the usual fanfare heralding the latest operating system powering m...