Lord & Taylor, Men's Wearhouse owner file for bankruptcy
NEW YORK (AP) — Lord & Taylor, one of America's oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic.
HSBC says net profit plunged 96% in 2Q as pandemic took hold
LONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold.
Asian shares mixed on US-China tensions, Wall Street gains
TOKYO (AP) — Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. U.S. Secretary of State Mike Pompeo's weekend comments that President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software connected to the Chinese Communist Party added to market jitters.
Microsoft confirms talks seeking to buy US arm of TikTok
NEW YORK (AP) — Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the U.S. arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition.
Insider Q&A: BaseCamp CTO David Heinemeier Hansson
David Heinemeier Hansson has made a name for himself as one of the tech industry’s more prominent iconoclasts and industry critics.
With loan money gone, restaurants are at mercy of coronvirus
NEW YORK (AP) — The check has arrived and beleaguered restaurant owners across America are looking down on their empty wallets. Government covronavirus loans in the spring helped eating establishments rehire laid-off employees and ride out the pandemic's initial surge and wave of shutdown orders.
Scientists study coronavirus outbreaks among minks in Europe
MADRID (AP) — Coronavirus outbreaks at mink farms in Spain and the Netherlands have scientists digging into how the animals got infected and if they can spread it to people.
Debate begins for who's first in line for COVID-19 vaccine
Who gets to be first in line for a COVID-19 vaccine? U.S. health authorities hope by late next month to have some draft guidance on how to ration initial doses, but it’s a vexing decision.
Siemens Healthineers to buy US cancer care firm Varian
BERLIN (AP) — Germany-based Siemens Healthineers said Sunday it will buy U.S. cancer therapy and research company Varian in a deal worth around $16.4 billion.
Airlines, unions pin hopes for more payroll cash on politics
With tens of thousands of airline workers facing layoffs this fall, labor groups are pushing Congress for more federal money to keep them on the payroll until next spring.
Q&A: What would a US ban on Chinese-owned app TikTok mean?
NEW YORK (AP) — President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns.
Microsoft in advanced talks to buy TikTok's US business
NEW YORK (AP) — Microsoft is in advanced talks to buy the U.S. operations of TikTok, the popular Chinese-owned video app that has been a source of national security and censorship concerns, according to a person familiar with the discussions who spoke only on condition of anonymity because of the sensitivity to the negotiations.
Health officials link US salmonella outbreak to red onions
Federal health officials say an outbreak of salmonella infecting nearly 400 people in more than 30 states has been linked to red onions, and identified a California company as the likely source.
Financially struggling zoos could be latest pandemic victims
SAN FRANCISCO (AP) — Since the coronavirus pandemic began keeping visitors at home, the jaguars and chimpanzees at the Oakland Zoo have enjoyed the quiet, venturing out to areas of their exhibits they usually avoid.
Samsung, Apple to boost cellphone manufacturing in India
NEW DELHI (AP) — Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, a minister said Saturday.
Virtual school: Teachers want to improve but training varies
After a rocky transition to distance learning last spring, Georgia teacher Aimee Rodriguez Webb is determined to do better this fall.
Florida teen arrested as mastermind of Twitter hack
MIAMI (AP) — A Florida teen was identified Friday as the mastermind of a scheme earlier this month that commandeered Twitter accounts of prominent politicians, celebrities and technology moguls and scammed people around the globe out of more than $100,000 in Bitcoin.
Trump says he'll act to ban TikTok in US as soon as Saturday
NEW YORK (AP) — President Donald Trump said he will take action as soon as Saturday to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns.
Airbnb shutters party houses in NJ amid COVID-19 clusters
TRENTON, N.J. (AP) — Airbnb said Friday it's cracking down on party houses throughout New Jersey, suspending or removing altogether 35 listings, after state health officials warned house parties led to clusters of COVID-19 outbreaks.
Trader Joe's says no to changing ethnic-sounding label names
LOS ANGELES (AP) — Trader Joe's, which said earlier this month it was moving to change the names of some of its products after an online petition denounced them as racist, now says it will stick with labels like Trader Jose's and Trader Ming's for Mexican and Asian food.
Fitch lowers its outlook on US credit rating to 'negative'
WASHINGTON (AP) — Fitch has lowered the outlook for its U.S. government credit rating to “negative” from “stable” due to soaring budget deficits, but the agency is keeping its overall rating at the highest AAA level.
James Murdoch resigns from news publisher News Corp's board
News Corp founder Rupert Murdoch’s son James is resigning from the family-controlled publisher’s board over content appearing in its newspapers, which include the Wall Street Journal and the New York Post.
Rent's due, again: Monthly anxieties deepen as aid falls off
Another month passes. The coronavirus pandemic marches on. And Americans struggling amid the economic fallout once again have to worry as their next rent checks come due Aug.
Tech giants lead gains as S&P 500 closes 4th winning month
NEW YORK (AP) — Big Tech continues to steamroll through the pandemic, and strong gains for some of the market’s most influential companies on Friday helped Wall Street close out its fourth straight winning month.
Plug it in: Electric car charging station numbers are rising
DETROIT (AP) — When the electric car revolution arrives, will there be enough places to plug in? There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs.