BUSINESS

Universal Orlando laying off undisclosed number…

Almost two months after reopening, Universal Orlando is laying off an undisclosed number of workers

Google unveils budget Pixel phone as pandemic curbs spending

Google has started selling its long-delayed budget smartphone

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Q&A: TikTok saga continues with Microsoft talks…

Microsoft, known primarily for its work software like Windows and Office, is in talks to buy TikTok, a popular Chinese-owned video app that has raised national-security concerns for U.S. officials

FAA spells out design changes needed in grounded…

Federal safety officials are spelling out the design changes they believe are needed for the Boeing 737 Max

US Treasury projects record Q3 borrowing of $947…

The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter

GM alleges Fiat Chrysler spent millions to bribe…

General Motors is asking a federal judge to reconsider dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union officials and GM employees with millions stashed in secret foreign bank accounts

Sale of Speedway gas stations buys Marathon…

The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to quash travel and smother demand for gasoline and jet fuel

Trump fires TVA chair, cites hiring of foreign…

President Donald Trump has fired the chair of the Tennessee Valley Authority, criticizing the federally owned corporation for hiring foreign workers

US construction spending declines 0.7% in June

U.S. construction spending fell again in June, the fourth straight decline as the coronavirus outbreak continues to wreak havoc on the economy

US manufacturing improves in July, future clouded…

U.S. manufacturing showed further improvement in July with a key gauge of activity rising further into expansion territory

Clorox becomes 'it' brand in world sheltered in…

Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic

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Ferrari lowers guidance after Q2 profits nearly wiped out

Italian sportscar maker Ferrari has lowered its full year earnings guidance after reporting second-quarter profits were nearly wiped out by temporary halts in production and delivery due to the coronavirus

German laser tech company says gov't blocks exports to China

A German company that specializes in laser communication says it is pulling out of uncompleted transactions in China after the German government barred it from delivering hardware to the country

As US milk sales rise amid pandemic, "Got milk…

The dairy industry has a familiar question for you: “Got milk?”

Google buys $450M stake in ADT to give Nest a new…

Google is paying $450 million for a nearly 7% stake in longtime home and business security provider ADT Inc. It's a deal that will open new opportunities for one of the internet’s most powerful companies to extend the reach of its Nest cameras and voice-activated voice assistant

Outbreak hits Norway cruise ship, could spread…

A Norwegian cruise ship line has halted all trips and apologized for procedural errors after an outbreak of coronavirus on one ship infected at least 5 passengers and 36 crew members

Asian shares track worldwide rally as S&P 500…

Shares have risen across Asia after Wall Street closed broadly higher on encouraging economic reports

Retail rout gains pace, Lord & Taylor seeks…

Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos

HSBC says net profit plunged 96% as pandemic took…

Europe’s biggest bank, HSBC, has reported 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 stunted business activity

Asian shares mixed on US-China tensions, Wall…

Asian shares are mixed as investors eyeball surging coronavirus cases in the region

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Progress slow on virus relief bill as…

Progress is coming slowly as lawmakers craft another major response to the coronavirus pandemic