Wednesday, October 28, 2020
Business Page 2

Business

Coke dropping half its drink brands

0
Coca-Cola said it is dropping half its drink brands, most of them sold outside the United States.

California court says Uber, Lyft drivers are employees

0
A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked to exempt the ride-hailing giants from the state's gig economy law.

Censorious Facebook

0
Counter speech doctrine posits that the best remedy for negative or inaccurate speech is more accurate, positive speech.

US initial jobless claims fall for third time in four weeks

0
The number of Americans filing for unemployment benefits fell for the third time in four weeks, suggesting the labor market is still gradually recovering while remaining far from its pre-pandemic health.

Tesla posts net profit for fifth straight quarter

0
Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter.

Short-video app Quibi shutting down just months after launch

0
The company said Wednesday that it would wind down its operations and plans to sell its assets.

California theme park closures hit jobs, shops, budget

0
California's amusement parks have been pining to reopen for months, hoping to bring back thousands of workers sent home in March when the coronavirus pandemic forced them to close their gates.

Hit by pandemic, Amtrak is making cuts that may endure

0
The COVID-19 pandemic may force a reckoning for Amtrak's long-distance routes, bringing about cuts that critics have long urged but that passenger rail advocates in and out of Congress say could undermine the service's mission.

5 takeaways from the government’s lawsuit against Google

0
The lawsuit claims Google has abused its dominance in online search and advertising to stifle competition and harm consumers.

Asian shares track Wall Street fall as virus aid hopes fade

0
Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election.

Intel to sell NAND business to SKorean rival for $9 billion

0
Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea’s SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing.

US retail sales grow for 5th month in a row

0
Retail sales rose strongly in September, the fifth straight month of growth, as Americans spent more on clothing, cars and sporting goods.

Facebook’s long and halting fight against misinformation

0
Facebook is facing its toughest challenge yet: an election complicated by a pandemic, a deeply divided nation lured by conspiracy theories and alternate versions of reality. Is it ready?

UK says Instagram to crack down on hidden influencer ads

0
British regulators said that Instagram will clamp down on “hidden advertising” by social media influencers.

Trending in Business

Apple developing smaller AirPods Pro, revamped entry-level model

0
Apple Inc. is planning updates to its AirPods earbuds next year, seeking to capitalize on the success of a product that has become an important source of growth.