Business

Group Sues to Block California Boardroom Diversity Law

Group Sues to Block California Boardroom Diversity Law

BUSINESS | By Brian Melley | Oct 6, 2020

A conservative legal group announced Monday that it sued to block California's first-in-the-nation law that requires hundreds of corporations based in the state to have directors from racial or sexual minorities on their boards.

Hundreds of Regal, Cineworld Movie Theaters to Close

Hundreds of Regal, Cineworld Movie Theaters to Close

BUSINESS | Oct 5, 2020

Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as much as 58% after it said it will temporarily close the venues because the postponement of the latest James Bond film.

Pandemic Pushes Start of Holiday Shopping Earlier Than Ever

Pandemic Pushes Start of Holiday Shopping Earlier Than Ever

BUSINESS | By Joseph Pisani, Anne D'Innocenzio | Oct 5, 2020

Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic

Cineworld May Close US and UK Theaters after Bond Film Delay

Cineworld May Close US and UK Theaters after Bond Film Delay

BUSINESS | Oct 4, 2020

Cinema chain Cineworld said Sunday it is considering closing all its movie theaters in Britain and the United States, after the postponement of the new James Bond film left a big hole in schedules.

Long-Term Jobless Caught in a Squeeze that Imperils Recovery

Long-Term Jobless Caught in a Squeeze that Imperils Recovery

BUSINESS | By Christopher Rugaber and Alexandra Olson | Oct 4, 2020

For millions of Americans, unemployment has stretched from weeks into months, and it's become painfully unclear when, if ever, their jobs will come back.

Pope: Market Capitalism Has Failed in Pandemic, Needs Reform

Pope: Market Capitalism Has Failed in Pandemic, Needs Reform

BUSINESS | By Nicole Winfield | Oct 4, 2020

Pope Francis says the coronavirus pandemic has proven that the "magic theories" of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity.

Chicago's Boystown Drops Moniker, Embraces Greater Inclusiveness

Chicago's Boystown Drops Moniker, Embraces Greater Inclusiveness

BUSINESS | By Kevin Schattenkirk | Oct 3, 2020

After a recent survey, Northalsted Business Alliance will retire the use of the "Boystown" moniker in marketing for the Chicago neighborhood in order to be more inclusive and welcoming.

Pre-Election Economy: Unemployment Falls, but Hiring Slows

Pre-Election Economy: Unemployment Falls, but Hiring Slows

BUSINESS | By Christopher Rugaber | Oct 3, 2020

The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment rate fell to 7.9% — a mixed result for President Donald Trump.

Old Drug Turned 'Cash Cow' as Company Pumped Price to $40K a Vial

Old Drug Turned 'Cash Cow' as Company Pumped Price to $40K a Vial

BUSINESS | By Michael McAuliff | Oct 3, 2020

The seizure drug Acthar was a "premium-priced product" with a "robust cash flow profile" that would help the company "achieve aspirational goals with a single transaction," according to the company's internal discussions.

To Free Doctors From Computers, Far-Flung Scribes Are Now Taking Notes For Them

To Free Doctors From Computers, Far-Flung Scribes Are Now Taking Notes For Them

BUSINESS | By Sarah Kwon | Oct 2, 2020

Augmedix, a startup with 1,000 medical scribes in South Asia and the U.S., is part of a growing industry that profits from a confluence of health care trends — including, now, the pandemic — that are dispersing patient care around the globe.

California Governor Signs Corporate Boardroom Diversity Law

California Governor Signs Corporate Boardroom Diversity Law

BUSINESS | By Don Thompson and Robert Jablon | Oct 1, 2020

Hundreds of California-based corporations must have directors from racial or sexual minorities on their boards under a first-in-the-nation bill signed Wednesday by Gov. Gavin Newsom.

Google Unveils Latest Pixel Phone, Rolls Out New TV Service

Google Unveils Latest Pixel Phone, Rolls Out New TV Service

BUSINESS | By Michael Liedtke | Oct 1, 2020

Google will try to make a bigger splash in the smartphone market with a cheaper high-end model while it also aims to expand its presence on bigger screens with a new TV service.

H&M Sees 16% Sales Drop Due to Virus

H&M Sees 16% Sales Drop Due to Virus

BUSINESS | Oct 1, 2020

Swedish low-cost fashion brand Hennes & Mauritz AB said Thursday its third quarter sales fell 16% to 51 million kronor ($ 5.7 million), largely as a result of the COVID-19 pandemic.

Gay Couple Among 40K Airline Workers Bracing for Mass Layoffs

Gay Couple Among 40K Airline Workers Bracing for Mass Layoffs

BUSINESS | By Tom Krisher, Cathy Bussewitz | Sep 29, 2020

In a few days, Jordy Comeaux will be among roughly 40,000 airline workers whose jobs are likely to evaporate in an industry decimated by the coronavirus pandemic.

Disney to Lay of 28,000 at California and Florida Parks

Disney to Lay of 28,000 at California and Florida Parks

BUSINESS | By Mike Schneider | Sep 29, 2020

In a letter to employees, Josh DÁmaro, chairman of Disney Parks, Experience and Product, said California's "unwillingness to lift restrictions that would allow Disneyland to reopen" exacerbated the situation for the company.

Vermont Pure CBD: A New Way to Experience the Green Mountain State

Vermont Pure CBD: A New Way to Experience the Green Mountain State

SPONSORED CONTENT | Sep 29, 2020

Ask anyone and they'll agree; once you cross the Vermont border, something changes in the air. The state offers the best East Coast skiing, outdoor adventures, and now another gem: an emerging CBD industry.

Times' Tax Story is Talker, but Perceptions Mostly Hold

Times' Tax Story is Talker, but Perceptions Mostly Hold

BUSINESS | By David Bauder | Sep 29, 2020

"Bombshell" was a word frequently employed on Monday; how it was used depended on whether you were in Trump-friendly or unfriendly media territory.

TikTok Fate in the Balance as Judge Weighs App Store Ban

TikTok Fate in the Balance as Judge Weighs App Store Ban

BUSINESS | By Anne D'Innocenzio and Matt O'Brien | Sep 27, 2020

Lawyers for TikTok pleaded with a U.S. federal judge on Sunday to delay the Trump Administration's ban of the popular video sharing program from app stores set to take effect at the end of the day.

Can Renting Your Own Private Theater Bring Audiences Back to the Movies?

Can Renting Your Own Private Theater Bring Audiences Back to the Movies?

BUSINESS | Sep 24, 2020

With the movie industry in the doldrums due to the pandemic, a Texas-based movie theater chain has come up with a novel idea to bring people back to the theaters.

The Phoenix: Erectile Dysfunction Has Met Its Match

The Phoenix: Erectile Dysfunction Has Met Its Match

SPONSORED CONTENT | Sep 24, 2020

For the first time, acoustic wave technology for treating ED is now available in an at-home product, The Phoenix. The results? Let's just say they rise above expectation.

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