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.

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.

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.

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.

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Tesla Drops Lawsuit Against Alameda County Over…

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

Johnson & Johnson Discontinues Talc-Based Baby…

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

Uber Is Laying Off 3,000 More Employees

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

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.

Stylist Says She Is Essential As Salons Begin To…

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

New York Stock Exchange To Reopen Trading Floor

​The NYSE's president said only a few brokers will be allowed on the floor, and that they'll have to follow some new safety measures.

Restaurants Are Trying To Adapt To Social…

Restaurants across the country are starting to reopen, but where you live will impact what that experience is like.

Retail Stores Are Slowly Reopening With A Variety…

Retail stores are requiring things like masks, gloves, social distancing and sanitizing stations as coronavirus restrictions ease.

Tesla, Alameda County Come To Agreement To Resume…

Local officials said they held "productive discussions" Tuesday with Tesla after receiving the company's site-specific plan for reopening.

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Twitter Will Let Some Employees Work From Home…

CEO Jack Dorsey made the announcement in a staff email obtained by BuzzFeed News.

GM Says There's Been No Transmission Of COVID-19…

​GM's global manufacturing chief said the company hasn't had any incidents of COVID-19 spread since it implemented safety protocols last month.

Report: Uber Is Looking To Buy Grubhub

Bloomberg News reports Uber has already made a takeover offer to Grubhub.

House Subcommittee Planning On Jeff Bezos…

Members want to hear from the Amazon CEO on the company's data collecting practices.

Leisure And Hospitality Sector Jobs Plummeted 47…

It was the hardest-hit sector last month, with food service workers being impacted the most.

Luxury Retailer Neiman Marcus Is Seeking Chapter…

The bankruptcy protection will pay off $4 billion in debt, meanwhile creditors will finance $675 million to keep the business afloat.

Uber to Lay Off About 14% of Its Employees

Uber announced it will lay off 3,700 employees as the coronavirus pandemic drives down consumer demand for ride-hailing services.

Web-Based Companies Fill PPP Loan Gaps Left By…

Some small businesses are successfully applying for a Small Business Administration PPP loans thanks to the help of web-based companies.

Walgreens Returning Most Stores To Standard…

​The drugstore chain said ​most of its stores resumed regular operating hours beginning Tuesday.

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Retail Giant J. Crew Files for Bankruptcy

The J. Crew Group, which also owns Madewell brands, has accrued nearly $1.7 billion in debt but plans to reopen stores as lockdown measures ease.

Uber Will Require Drivers And Riders To Wear Face…

CNN Business reports the new policy will be rolled out in select markets in the coming weeks.

GDP Drops 4.8% Amid Outbreak

It's the worst shrinkage since the 2008 Great Recession.