Uber CEO says its service will probably shut down temporarily in California if it’s...

Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi...

U.S. Postal Service Considers Downsizing, Senator and Union Leader Say

(CHARLESTON, W.Va.) — The U.S. Postal Service is considering closing post offices across the country, sparking concerns ahead of an anticipated surge of mail-in ballots in the 2020 elections,...

Coronavirus forces California Pizza Kitchen to file for bankruptcy

California Pizza Kitchen sought Chapter 11 bankruptcy protection on Thursday, blaming "unprecedented impact" from the COVID-19 pandemic that has devastated businesses nationwide. The California-based company, which operates over 200 restaurants in eight countries and U.S. territories, entered...

CEOs of Amazon, Apple, Facebook and Google face congressional antitrust grilling

The chiefs of four of the biggest tech companies in the world -- Amazon, Apple, Facebook and Google -- will face lawmakers Wednesday for a hearing on digital competition that...

Another 1.4 million workers filed for unemployment insurance last week

Another 1.4 million U.S. workers filed for unemployment insurance last week, the Labor Department said Thursday. This marks the 18th straight week that weekly jobless claims surpassed 1 million. It...

Chuck E. Cheese parent files for bankruptcy

Chuck E. Cheese's parent company, CEC Entertainment, said Thursday it is filing for Chapter 11 bankruptcy protection, citing the "financial strain" of mass restaurant closures due to the coronavirus pandemic....

CA woman gets EDD letters awarding, denying benefits in the same day

Calif. -- More than 42 million Americans have lost their jobs since the pandemic hit. And right here at home, 6 million Californians have filed jobless claims. Yet, nearly three...

Trump says SBA during coronavirus has processed $4.6B+ in small business loans, saving 50M...

In a roundtable with small business leaders Thursday, President Trump announced the Small Business Administration has processed more than $4.6 billion in SBA Loans, saving an estimated 50 million American jobs. Trump touted the more than $670 billion he approved for the...

Southwest Airlines says it has enough cash for two years as demand improves

Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks...

HSBC resumes plan to slash 35,000 jobs

HSBC has resumed plans to cut 35,000 jobs and restructure its business, saying that the coronavirus pandemic has made the overhaul it announced earlier this year even more urgent. CEO Noel Quinn said...