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.

Air Canada jet lands safely in Toronto after losing a wheel

Air Canada says everyone is safe after one of its planes landed in Toronto missing a wheel on a main landing gear

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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.

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.

DuPont chairman assuming duties of CEO

DuPont Co. says its executive chairman is assuming the duties of CEO

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.

Bloomberg would sell business interests if…

A top campaign adviser says Mike Bloomberg would sell the financial data and media company that bears his name if elected U.S. president

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.

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PG&E banking on big profits after utility leaves…

Pacific Gas and Electric says it expects to become more profitable than ever

Audi Recalls Over 100,000 Vehicles Over Takata…

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

US small businesses are getting upbeat news on…

Small business owners have received some upbeat news on the economy this month

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.

Trump opposes possible ban on sale of jet engines…

President Donald Trump signaled that he opposes efforts to block the sale of jet engines to China

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.

SpaceX aims to launch up to 4 tourists into super high orbit

SpaceX aims to launch up to four tourists into a super high orbit, possibly by the end of next year

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.

Misguided virus fears hitting Asian American…

Asian-American businesses in major U.S. cities are seeing a remarkable decline in customers amid fears about the viral outbreak that originated in China

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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.