Business News

Boy Scouts Of America Files For Bankruptcy…

The BSA is facing hundreds of lawsuits from men who allege they were sexually abused when they were Boy Scouts.

Pier 1 Imports Files For Chapter 11 Protections

The company said Monday it started voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court in Richmond, Virginia.

GM to Cease Operations In Australia, New Zealand…

GM's billion dollar restructuring plan will wind down operations in New Zealand and Australia and sell its Thai plant to China's Great Wall Motors.

Delta Air Lines Commits $1 Billion To Curb Its…

​The company said it plans to mitigate its use of jet fuel and invest in carbon removal projects, like forestry and wetland restoration.

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U.S. Wine Companies Fear 'Catastrophic' Impact Of…

The U.S. trade feud with the European Union could have some dire consequences for the wine industry.

BP Promises To Be 'Carbon Neutral' By 2050

The energy firm announced that it will seek to cut pollution from oil and gas enterprises and step up investments in clean energy.

Reports: DOJ Closes Antitrust Investigation Of…

The Justice Department opened an antitrust investigation last year after four automakers reached an emissions standards deal with California.

Audi Recalls Over 100,000 Vehicles Over Takata…

The recall affects certain older Audi A4, A6, A8 and TT models.

Uber Loses $1.1 Billion In Fourth Quarter Of 2019

The losses come as the ride sharing company continues to invest in its food delivery system and driverless cars technology.

Hong Kong-Based Airline Asks Staff To Take Unpaid…

The company said it's implementing "a special unpaid leave scheme" to help it deal with losses due to the coronavirus outbreak.

Jobs That Cultivate Diversity Are On The Rise…

Listings for jobs that cultivate diversity increased nearly 33% between 2018 and 2020, according to employment website Indeed.

Unicode Releases New Gender-Inclusive Emoji

Unicode has approved 55 new gender and skin-tone variations of characters, along with 65 other new emoji.

Boeing Reports First Yearly Loss In Two Decades…

The company reported a $600 million loss in 2019.

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Mattel Unveils 4 New Barbie Dolls Showcasing…

The newest dolls include one with vitiligo, one with no hair, one with a darker skin tone that uses a prosthetic limb and a Ken doll with long hair.

CBO Projects Federal Budget Deficit To Hit Record…

The CBO released a report saying, if nothing changes, the deficit would hit 4.6% of the U.S.' GDP this year.

Report: Boeing Receives More Than $12 Billion In…

​People familiar with the matter told CNBC Boeing was able to secure at least $2 billion more than it had hoped for.

Boeing 777X Successfully Completes First Test…

It finally took off Saturday after being rescheduled twice due to wind levels.

Toyota Is Recalling 3.4 Million Vehicles Worldwide

Around 2.9 million vehicles are affected in the U.S.

Boeing Delays 737 Max Return Date

​Boeing said it expects the 737 Max will return to service sometime in the middle of 2020.