Wednesday, September 30, 2020
Business

Business

Walt Disney Co. is laying off 28,000 U.S. employees

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Stricken by the coronavirus pandemic, Walt Disney Co. revealed Tuesday it is laying off 28,000 U.S. employees, including some at Walt Disney World.

San Francisco to reopen more businesses, activities

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San Francisco Mayor London Breed on Tuesday announced the city will move forward with indoor dining and places of worship at 25 percent capacity up to 100 people starting on Wednesday.

Target Deal Days, Amazon Prime Day both in October

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Target plans to launch its two-day Deal Days sale in October, coinciding with competitor Amazon’s Prime Day two-day event.

U.S. stocks open sharply higher

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U.S. stocks opened sharply higher on Monday, following three major indexes' mixed results in the prior week.

Judge pauses Trump’s plans to remove TikTok from app stores

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TikTok won a significant victory against the Trump administration, when a federal judge ruled in favor of the tech company’s request to delay a ban on the app.

Housing boom in US threatened by shortage of available homes

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The U.S. housing market, which has been a bright spot in the pandemic-battered economy, is running out of fuel.

Next week, Maryland starts ban on foam containers for carryout food. Not everyone is...

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As the coronavirus pandemic continues to shift much restaurant dining from eat-in to takeout, Maryland next week becomes the first state in the nation to ban the familiar foam containers used to carry home everything from crab cakes to curries.

Neiman Marcus has officially exited bankruptcy

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Neiman Marcus has completed its bankruptcy court-led restructuring in four and a half months.

Fourth-quarter housing trends: Expect a competitive market as homebuying season extends into fall

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We’re in an unprecedented time in the housing market and global economy. The coronavirus pandemic has upended lives and changed the way people work, play and purchase real estate.

Ex-Nikola CEO mysteriously vanishes from social media after abrupt resignation

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One day after his abrupt resignation from Nikola Corp., former Chairman and CEO Trevor Milton ghosted his Twitter followers and vanished from public view.

How’s the economy really doing? Rent-A-Center does well when consumers struggle

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Rent-A-Center can reveal a lot about the U.S. economy. When it does well, that means consumers are hurting.

Trump registered his trademark in Cuba in 2008 to build hotels, casinos and golf...

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Despite earlier promises in Miami that he would not do business in Cuba until the island was “free,” Donald Trump applied in 2008 to register his Trump trademark in the Caribbean nation for a variety of commercial activities, including investing in real estate, hotels, casinos and golf courses.

Fed chief says recovery will go faster with further fiscal relief

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U.S. Federal Reserve Chairman Jerome Powell said fiscal stimulus has helped support the economic recovery from the COVID-19 induced recession, noting that the recovery will go faster if there is further fiscal stimulus.

Apple to launch online store in India

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Apple will launch the Apple Store online in India on Wednesday, offering Apple's full range of products and support directly to customers of the country for the first time.

What will cruising look like? Industry offers clues. But there’s still no timeline

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Cruise companies are stepping up their pressure on U.S. health authorities to allow them to cruise again amid the COVID-19 pandemic.

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Next week, Maryland starts ban on foam containers for carryout food....

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As the coronavirus pandemic continues to shift much restaurant dining from eat-in to takeout, Maryland next week becomes the first state in the nation to ban the familiar foam containers used to carry home everything from crab cakes to curries.