Business News

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May 15, 2020 - 7:05 am
By SHANNON K. CRAWFORD, ABC News (NEW YORK) -- With just a hair over a hundred employees, Cinedigm, an entertainment company based in Los Angeles, has a relatively modest headcount. But it's not your typical small business. The publicly-traded company raked in more than $50 million in revenue last...
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May 15, 2020 - 6:53 am
By CHEYENNE HASLETT, ABC News (NEW YORK) -- It was March 15 when Emily West lost her waitressing job in Akron, Ohio, and applied for unemployment insurance. Two months later, instead of government assistance, she only has credit card debt. "Literally the day that I was laid off, I went home, I sat...
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A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)
KNSS News
May 14, 2020 - 4:04 pm
WASHINGTON (AP) — Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak forced more companies to slash jobs even though most states have begun to let some businesses reopen. Roughly 36 million people have now sought jobless aid in just the two...
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May 14, 2020 - 3:26 pm
(NEW YORK) -- BY: JACQUELINE LAUREAN YATES L'Oréal Paris is celebrating women's activist Jaha Dukureh as the brand's newest international spokesperson. On Wednesday, the cosmetics company broke the news in an Instagram post. "Very proud to welcome our newest spokesperson, @jahaendfgm, to the #...
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May 14, 2020 - 12:44 pm
By SOPHIE TATUM and STEPHANIE EBBS, ABC News (WASHINGTON) -- Bus and taxi drivers ferrying sick passengers. Warehouse workers without enough time to wash their hands. Meat plant workers crammed side-by-side along a fast-moving production line. As states consider reopening and Americans head back to...
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May 14, 2020 - 7:41 am
By CATHERINE THORBECKE, ABC News (WASHINGTON) -- A total of 2,981,000 more Americans filed for unemployment insurance last week, bringing the total number of jobless claims filed amid the coronavirus pandemic to more than 35 million, according to the Department of Labor. The COVID-19 crisis has...
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May 14, 2020 - 6:10 am
By TRISH TURNER, ABC News (WASHINGTON) -- The Treasury Department and Small Business Administration are preparing to release much-anticipated forgiveness guidelines for borrowers who were able to secure a Paycheck Protection Program loan -- a crucial road map for those who hope to have their...
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May 14, 2020 - 6:02 am
By SARAH KOLINOVSKY, ABC News (NEW YORK) -- As large, publicly-traded companies face a deadline Thursday to return money intended to serve as a lifeline for small businesses during the coronavirus crisis, a group of news outlets is joining forces to compel the Small Business Administration to...
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May 14, 2020 - 5:55 am
By MINA KAJI, AMANDA BAILE and GIO BENITEZ, ABC News (NEW YORK) -- As social media images of fuller flights spark health concerns amid the COVID-19 pandemic -- Democratic lawmakers and unions are calling for federal action to mandate social distancing policies on planes. Why are some planes full if...
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May 14, 2020 - 5:17 am
By MINA KAJI, AMANDA MAILE and GIO BENITEZ, ABC News (NEW YORK) -- As COVID-19 concerns continue to transform the future of travel, Uber is the latest company to announce new face covering requirements that the company plans to enforce, in part, through new face detection technology. Beginning on...
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