Business News

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October 22, 2020 - 12:04 pm
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- A new bill proposed by a handful of Senate Democrats aims to make discrimination in the banking industry explicitly illegal for the first time, bridging a gap that left the financial services industry out of 1964 Civil Rights Act discrimination laws...
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October 22, 2020 - 11:45 am
By AARON KATERSKY, ABC News (NEW YORK) -- A subsidiary of Goldman Sachs pleaded guilty on Thursday for its role in a scandal involving the embezzlement of billions of dollars from a Malaysian government investment fund known as 1MDB. The subsidiary pleaded guilty to violating anti-bribery...
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KNSS News
October 22, 2020 - 9:42 am
New claims for unemployment benefits tumbled by much more than expected to 787,000 in the week ended October 17, the Department of Labor said Thursday.
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October 22, 2020 - 7:39 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- Weekly unemployment filings dipped below the 800,000 mark for the first time in months, falling to 787,000 last week, the Department of Labor said Thursday. While the drop is a welcome sign for an economy still entrenched in a pandemic-induced...
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A Southwest Airlines Boeing 737-7H4 takes off, Tuesday, Oct. 20, 2020, from Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. Airlines are continuing to pile up billions of dollars in losses as the pandemic causes a massive drop in air travel. Southwest Airlines on Thursday, Oct. 22, lost $1.16 billion in the normally strong third quarter, which includes most of the summer vacation season.(AP Photo/Wilfredo Lee)
KNSS News
October 22, 2020 - 7:30 am
DALLAS (AP) — Airlines are piling up billions of dollars in losses as the pandemic causes a massive drop in air travel. American Airlines on Thursday reported a loss of $2.4 billion and Southwest Airlines lost $1.16 billion in the third quarter, typically a very strong period of air travel that...
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Retired British Airways Boeing 747-400 parked at Cotsworld Airport in Kemble, England, Sunday, Oct. 11, 2020. The retirement of the Jumbo Jet fleet was brought forward as a result of the impact the COVID-19 pandemic had on the airline and the aviation sector. (AP Photo/Frank Augstein)
KNSS News
October 22, 2020 - 4:43 am
LONDON (AP) — The parent company of British Airways has cut its fourth-quarter passenger forecast to just 30% of last year’s level as government restrictions imposed to control a new wave of coronavirus infections reduces demand for flights. International Airlines Group made the announcement...
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October 21, 2020 - 10:46 am
By PENELOPE LOPEZ, ABC News (NEW YORK) -- Astronaut Ellen Ochoa has a message for the next generation of Latinx students who are aspiring to work in Science, Technology, Engineering, and Math (STEM) fields: "We need you." “We need your minds. We need your creativity,” she told ABC News. Ochoa, a...
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October 21, 2020 - 10:32 am
By AARON KATERSKY, LUKE BARR and ALEXANDER MALLIN, ABC News (WASHINGTON) -- The Justice Department is expected to announce on Wednesday a settlement of civil and criminal charges against Purdue Pharma, the OxyContin maker widely blamed for fueling the nation’s opioid epidemic. Terms of the...
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October 21, 2020 - 10:22 am
BY: LEIGHTON SCHNEIDER, ABC NEWS (NEW YORK) -- Canadian green start-up Nexii Buildings Solutions Inc. believes they have a solution to the carbon emission problem in construction. Its product Nexiite, a proprietary material that allows for rapid construction, is a near-zero carbon alternative to...
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KNSS News
October 21, 2020 - 6:39 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Walmart announced its "Black Friday Deals for Days" events last week, and now the retailer is giving shoppers a look at some of the best deals. Starting Nov. 4, the company is rolling out several sale events through Nov. 27 with discounted prices...
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