Category: Business

WASHINGTON – The U.S. Justice Department asked a federal judge in San Francisco on Friday to allow the government to bar Apple Inc AAPL.O and Alphabet Inc’s Google GOOGL.O from offering WeChat for download in U.S. app stores pending an appeal. The filing asked U.S. Magistrate Judge Laurel Beeler to put on hold her preliminary […]

WASHINGTON – A judge will hold a hearing on Sunday on whether to allow a Commerce Department ban on new TikTok downloads from Apple Inc and Alphabet Inc Google app stores from taking effect. The Justice Department faced a 2:30 p.m. EDT (1830 GMT) Friday deadline to either delay the ban or oppose TikTok’s preliminary […]

Delta Air Lines DAL.N said on Friday it expects to record an up to $2.5 billion charge in the current quarter related to retirements of aircraft. The Atlanata-based airline reiterated that it expects charges of up to $3.3 billion during the third quarter, linked to its voluntary retirement and separation programs. Both the charges are […]

CHICAGO/WASHINGTON – American Airlines AAL.O said on Friday it has secured a $5.5 billion government loan and could tap up to $2 billion more in October depending on how the U.S. Treasury allocates extra funds under a $25 billion loan package for airlines. Airlines have until Sept. 30 to decide whether to take the U.S. […]

SAN FRANCISCO – Critics of Facebook Inc FB.O, including the organizers of an advertising boycott against the company, on Friday launched their own oversight board to review the company’s content moderation practices. The launch comes a day after Facebook’s officially-mandated Oversight Board said it would start work in mid-late October, nearly a year behind schedule. […]

Alphabet Inc GOOGL.O on Friday settled a shareholder lawsuit that accused the Google parent of covering up lavish exit packages to executives found responsible for sexual misconduct, saying it would overhaul workplace policies and increase oversight of its diversity efforts. The company will prohibit severance packages to employees who are subject to any pending investigation […]

Amazon.com Inc AMZN.O on Thursday announced a drone for recording security video inside homes and car products for alerting vehicle owners about attempted break-ins. The news reflects Amazon’s growing security business since its acquisition of smart doorbell maker Ring in 2018, an effort that’s drawn scrutinty from civil liberties advocates. It also represents Amazon’s latest […]