Business News

Kameleon007/iStock
June 11, 2020 - 7:09 am
By SARAH KOLINOVSKY, ABC News (NEW YORK) -- Treasury Secretary Steven Mnuchin said on Wednesday that he feels another economic relief package will be necessary to help pull the U.S. economy out of a recession in the wake of coronavirus-related shutdowns. "I definitely think we are going to need...
Read More
LordRunar/iStock
June 11, 2020 - 6:30 am
By GOOD MORNING AMERICA, ABC News (NEW YORK) -- Disneyland and Disney California Adventure plan to reopen on July 17, a spokesman for the parks announced Wednesday. Pending state and local government approvals, Downtown Disney District will begin reopening on July 9, and Disney's Grand Californian...
Read More
germi_p/iStock
June 11, 2020 - 5:28 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Sephora has stepped up as the first retailer to take the "15% Pledge," vowing to dedicate 15% of its stores' shelf space to black-owned brands. In an attempt to create radical change toward more shelf space for black-owned brands at mass retailers...
Read More
A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 11, 2020. Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. (AP Photo/Lee Jin-man)
KNSS News
June 10, 2020 - 10:57 pm
TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. Asian markets had been expected to fall after the Fed signaled a long path to recovery from the devastation...
Read More
-
AP Photo/Ted S. Warren
KNSS News
June 10, 2020 - 8:56 pm
Last Thursday, Spirit AeroSystems received a letter from Boeing directing Spirit to pause additional work on four 737 MAX shipsets and avoid starting production on sixteen 737 MAX shipsets to be delivered in 2020, until otherwise directed by Boeing,
Read More
-
KNSS News
June 10, 2020 - 8:03 pm
More furloughs announced at Wichita's Spirit Aerosystems affecting nearly 900 employees working directly on the 737-MAX.
Read More
stockcam/iStock
June 10, 2020 - 12:11 pm
By CATHERINE THORBECKE, ABC News (SAN FRANCISCO) -- Days after Reddit co-founder Alexis Ohanian resigned from his company's board and asked to be replaced by a black candidate, the tech giant announced his spot will be filled by Michael Seibel. Seibel has a long history in the tech world, including...
Read More
clickhere/iStock
June 10, 2020 - 9:41 am
By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Following the unjust deaths of black people in America, a mirror is being held up examining racial inequalities across many sectors -- including the world of ballet. Many are highlighting the disparities that exist in finding inclusive dancewear...
Read More
FILE - In this April 29, 2020 file photo, a message on the ticket window at the AMC Burbank 16 movie theaters complex informs potential customers that it is currently closed in Burbank, Calif. AMC says its business is suffering because of the coronavirus pandemic and it may not survive. All of the company’s theaters are shut down through June, and while the theaters are closed the company is generating no revenue. (AP Photo/Chris Pizzello, File)
KNSS News
June 10, 2020 - 9:10 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ SALES RESULTS: — AMC Entertainment lost nearly $2...
Read More
FILE - In this Oct. 20, 2019, file photo, the company logo stands over a long row of unsold vehicles at a Ford dealership in Littleton, Colo. Ford Motor Co.'s profit in 2019 plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses. (AP Photo/David Zalubowski, File)
KNSS News
June 10, 2020 - 7:07 am
DEARBORN, Mich. (AP) — Ford and Volkswagen will each offer a small city van, a larger cargo van, a small pickup truck and an electric vehicle as part of their global alliance announced last year. The companies announced some details of what the venture will yield Wednesday, with the city van...
Read More

Pages