Business

This Friday, Feb. 7, 2020, photo shows an S20 series phone, the South Korean tech company’s latest flagship smartphone, on display in London during a preview for reporters ahead of the official launch on Tuesday, Feb. 11. (AP Photo/Kelvin Chan)
Associated Press
February 11, 2020 - 2:32 pm
SAN FRANCISCO (AP) — Samsung on Tuesday unveiled a new foldable phone, the Galaxy Z Flip, its second attempt to sell consumers on phones with bendable screens and clamshell designs. The company announced the phone at a product event in San Francisco. The new phone can unfold from a small square...
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T-Mobile chief executive John Legere speaks to reporters as he leaves the courthouse in New York, Wednesday, Jan. 15, 2020. Legere was in court to hear closing arguments in the case that could permit T-Mobile to merge with Sprint. (AP Photo/Seth Wenig)
Associated Press
February 11, 2020 - 9:30 am
NEW YORK (AP) — A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. After the deal closes, the number of major U.S. wireless companies would shrink...
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FILE - In this July 27, 2018 file photo, the logo for Amazon is displayed on a screen at the Nasdaq MarketSite in New York. Amazon wants to depose President Donald Trump over the tech company's losing bid for a $10 billion military contract. The Pentagon awarded the cloud computing project to Microsoft in October. Amazon later sued, arguing that Trump's interference and bias against the company harmed Amazon's chances of winning the contract. (AP Photo/Richard Drew, File)
Associated Press
February 10, 2020 - 2:38 pm
Amazon wants President Donald Trump to submit to questioning over the tech company's losing bid for a $10 billion military contract. The Pentagon awarded the cloud computing project to Microsoft in October. Amazon later sued, arguing that Trump's interference and bias against the company harmed...
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FILE - This Feb. 14, 2019 file photo shows the Hyundai logo on a 2019 Hyundai Santa Fe SUV on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. Hyundai is recalling nearly 430,000 small cars because water can get into the antilock brake computer, cause an electrical short and possibly an engine fire. The latest recall covers certain 2006 through 2011 Elantra and 2007 through 2011 Elantra Touring vehicles. (AP Photo/Gene J. Puskar, File)
Associated Press
February 07, 2020 - 2:06 pm
DETROIT (AP) — Hyundai is recalling nearly 430,000 small cars because water can get into the antilock brake computer, cause an electrical short and possibly an engine fire. The recall is another in a series of problems that the South Korean automaker and its related company Kia have had with engine...
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Johnny Lopez
February 05, 2020 - 9:30 am
Macy's is shuttering a fifth of its retail locations. The retail chain has announced it will close 125 stores and lay off 2000 employees over the course of the next three years, reported CNBC . BREAKING: Macy’s to close 125 stores, sees $480 million in restructuring costs, to cut 2,000 corporate...
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Disney+
Jefferson Graham, USATNetwork via Imagn Content Services, LLC
Associated Press
February 04, 2020 - 4:34 pm
NEW YORK (AP) — The Walt Disney Co. said Tuesday that profit fell 23% in its latest quarter to $2.13 billion as it absorbed losses — and a big revenue boost — from its new streaming service, Disney Plus. The company says it has 26.5 million Disney Plus subscribers as of Dec. 28, the end of its...
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This undated image provided by General Motors shows the grill on a battery-powered Hummer pickup truck. General Motors announced Thursday, Jan. 30, 2020, that it will start the pickup truck in September of 2021. (General Motors via AP)
Associated Press
January 30, 2020 - 10:40 pm
DETROIT (AP) — The Hummer, once a gas-guzzling target for environmentalists, is making a comeback. But this time around it won't burn fuel or spew greenhouse gases. General Motors announced Thursday that it will start selling a battery-powered Hummer pickup truck in September of 2021. At least part...
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FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair in Miami. On Friday, Jan. 10, 2020, the U.S. government issues the December jobs report. (AP Photo/Lynne Sladky, File)
WCBS 880 Newsroom
January 10, 2020 - 6:20 pm
WASHINGTON (AP) — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signaling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade into an economic expansion. Friday’s snapshot from...
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FILE - This Feb. 20, 2018, file photo shows the Grubhub app on an iPhone in Chicago. Food delivery service Grubhub is considering a possible sale of the business as competition intensifies in the sector. The Wall Street Journal reports that the company is looking at its strategic options. Grubhub competes in a sector filled with players including Uber Eats, DoorDash and Postmates. Consolidation in the industry is expected. (AP Photo/Charles Rex Arbogast, File)
Associated Press
January 09, 2020 - 2:30 pm
Big changes could be coming to the food delivery business, where companies have been struggling with high costs and fickle consumers. Grubhub Inc. — the second-largest player in the U.S. market by sales — is considering putting itself up for sale, The Wall Street Journal reported late Wednesday,...
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lizzy-buczak
January 09, 2020 - 9:33 am
Macy’s isn’t having a good start to 2020. The department store is on the cusp of closing more than two dozen stores around the US in the upcoming months. According to CNN Business , the company will close 28 Macy’s locations and one Bloomingdale’s location in several states including California,...
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