Business

Micosoft Will Buy Video Game Maker Zenimax For $7.5 Billion

REDMOND, Wash. (AP) — Microsoft is buying the company behind popular video games The Elder Scrolls, Doom and Fallout. The software giant said Monday that it is paying $7.5 billi...

August US Home Building Slides 5.1% After Months Of Gains

WASHINGTON (AP) — U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects following a pandemic-induced s...

El Al Majority Shareholder Is Now 26-Year-Old Chareidi Jew

JERUSALEM (VINnews) — After speculation that has lasted months, it is now being reported that the new majority shareholder of El Al is a 26-year-old chareidi Jew, by the name of El...

Apple Debuts Discount Watch, But No New iPhones … Yet

SAN RAMON, Calif. (AP) — Apple introduced a cheaper version of its smartwatch, its latest attempt to broaden the appeal of its trend-setting products while many consumers are force...

Some JPMorgan Traders Catch Covid As Bank Reopens Offices

NEW YORK (AP) — A number of JPMorgan Chase traders have been sent home after employees tested positive for COVID-19, less than a week into the bank's push to start bringing its wor...

Amazon To Hire 100,000 To Keep Up With Online Shopping Surge

NEW YORK (AP) — Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders,...

TikTok Picks Oracle Over Microsoft In Mandated Sales Bid

BEIJING (AP) — The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal. M...

Jane Fraser To Become Citi CEO; 1st Woman To Lead Major Bank

NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman to ever lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced...

US Layoffs Remain Elevated As 884,000 Seek Jobless Aid

WASHINGTON (AP) — The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs remain stuck at a historically high level six m...

UPS Says It Plans To Hire More Than 100,000 Holiday Workers

ATLANTA (AP) — United Parcel Service said Wednesday it plans to hire more than 100,000 extra workers to help handle an increase in packages during the holiday season. UPS said W...

Technology Stocks Keep Stumbling; Nasdaq Down 8% In 3 Days

NEW YORK (AP) — Big tech stocks are continuing their Icarus-like flight path, and more sharp declines for them are dragging Wall Street toward a third straight loss on Tuesday. ...

Suppliers Reluctant To Ship Goods Without Credit Insurance

NEW YORK (AP) — Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores. The reason? The 66-year-o...

US Unemployment Rate Falls To 8.4% Even As Hiring Slows

WASHINGTON (AP) — U.S. unemployment dropped sharply in August from 10.2% to a still-high 8.4%, with about half the 22 million jobs lost to the coronavirus outbreak recovered so far...

Apple Delays Debut Of Anti-Tracking Tool In iPhone Software

SAN RAMON, Calif. (AP) — Apple is delaying a new privacy feature in the next version of its iPhone operating system that will make it more difficult for app makers to track people ...

Tech Rout Sends Stock Market To Its Biggest Loss Since June

NEW YORK (AP) — Stocks fell sharply on Wall Street Thursday as high-flying technology companies took a tumble after months of spectacular gains. The benchmark S&P 500 lost ...

Samsung Touts $2,000 Foldable Phone As A ‘VIP’ Experience

SAN RAMON, Calif. (AP) — Samsung's second attempt at a foldable smartphone will come with a $2,000 price tag and a few elite perks aimed at affluent consumers still able to afford ...

Zoom Stock Surges, Market Value Tops Boeing, Starbucks

NEW YORK (AP) — A Zoom call has become an integral part of daily life during the coronavirus pandemic. On Tuesday, Wall Street acknowledged as much by boosting the videoconferencin...

United Says It Will Drop Widely Scorned Ticket-Change Fees

NEW YORK (AP) - United Airlines says it listened to customers and is dropping an unpopular $200 fee for most people who change a ticket for travel within the United States. “Whe...

Trump Administration Allows Deferral Of Social Security Tax

WASHINGTON (AP) — The Trump administration on Friday allowed employers to suspend collection of some Social Security taxes, although business groups don't like the idea and it may ...

After Nearly 200 Years, Lord & Taylor Goes Out Of Business

NEW YORK (AP) — Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month. The retailer was...