U.S. retail sales rise 18%
Business Posted U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession was over or draw ...
American Airlines sees end to cash burn
Business Posted American Airlines said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about i ...
Airlines sue UK government over quarantine
Business Posted British Airways, Ryanair and easyJet have banded together to sue the UK government over quarantine rules that they say will deepen damage for the air travel sector. Julian Satterthwai ...
Sony unveils Playstation 5, teases new games
Business Posted Sony unveiled its new Playstation 5 games console on Friday, and teased more than two dozen new games. But it's keeping fans guessing about the price of its new machine. Julian Satter ...
Dow plunges 1861 points
Business Posted Wall Street plummeted Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. Fred Katayama reports ...
Amazon pauses police use of facial recognition
Business Posted Amazon.com Inc on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, reversing its long-time support of selling the technology ...