American Airlines to cut 19,000 more jobs
American Airlines will cut another 19,000 jobs beginning October when government aid expires. Alison Sider reported the news for the Wall Street Journal: American Airlines Group Inc. AAL -2.23% said it would shed 19,000 workers Oct. 1, the first big wave of the tens of thousands of pilots, flight attendants, mechanics and other airline employees […]
Talking Biz News Today — Aug. 26, 2020
Some of Wednesday’s top business news stories: Associated Press US consumer confidence falls in August to lowest in 6 years, by Martin Crutsinger July sales of new homes surge 13.9%, far more than thought, by Matt Ott CNN The US and China say they’re making progress on trade, even as other tensions worsen, by Shawn […]
Talking Biz News Today — Aug. 25 2020
Some of Monday’s top business news stories: Associated Press To-go drinks an elixir for public, a lifeline for business, by Dee-Ann Durbin TikTok sues Trump over his pending order to ban its app, by Tali Arbel CNN Major shakeup for the Dow Jones Industrial Average index: 3 new stocks join, by Clare Duffy Delta Air […]
TikTok sues U.S. President for ban
TikTok has filed a lawsuit against the Trump administration alleging a ban announced by the President was “heavily politicized”. Brain Fung reported for CNN: TikTok sued the Trump administration Monday in response to what it said is a “heavily politicized” executive order that seeks to ban the short-form video app from the United States. The […]
Talking Biz News Today — Aug. 24, 2020
Some of Monday’s top business news stories: Associated Press Emails show businesses held sway over state reopening plans, by David A. Lieb As shoppers stay away, small stores seek refuge online, by Joyce M. Rosenberg CNN Apple under fire: Company apologizes for another app store controversy, by Jazmin Goodwin Facebook wants to help build AI […]
Talking Biz News Today — Aug. 21, 2020
Some of Friday’s top business news stories: Associated Press American Airlines will drop flights to 15 cities in October, by David Koenig Study: Craft distillers see sales evaporate amid pandemic, by Bruce Schreiner CNN Tech’s magnificent seven are worth $7.7 trillion, by Paul R. La Monica The pandemic is turning into a super-expensive business quagmire, […]
Uber, Lyft win court reprieve in California law battle
An appeals court ruled to allow Uber and Lyft to continue treating their drivers as independent contractors rather than employees. Cathy Bussewitz and Michael Liedtke reported for the AP: An appeals court has allowed ride-hailing giants Uber and Lyft to continue treating their drivers as independent contractors in California in a decision that will give […]
Apple hits market value of 2 trillion
Apple’s market value reached $2 trillion for a short while yesterday, for the first time ever. CNN’s Paul R. La Monica reported: Among its many accomplishments — the iPhone, the iPad, iTunes, the App store — Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first […]
Talking Biz News Today — Aug. 20, 2020
Some of Thursday’s top business news stories: Associated Press Apple reaches $2 trillion market value as tech fortunes soar, by Michael Liedtke Target sales surge as Americans lean on big box stores, by Anne D’Innocenzio CNN Working mothers are quitting to take care of their kids, and the US job market may never be the […]
Talking Biz News Today — Aug. 19, 2020
Some of Wednesday’s top business news stories: Associated Press Virus-induced spending spurs sales at Home Depot, Walmart, by Anne D’Innocenzio US home construction surges 22.6%, third monthly increase, by Paul Wiseman CNN The war between Fortnite’s maker and Apple is escalating, by Brian Fung World’s largest miner backs away from coal projects, by Julia Horowitz […]
