Business News

• Black Women's Equal Pay Day: Black women won't reach equal pay with white men until 2130, report finds August 13, 2020
  Tassii/iStockBy KATIE KINDELAN, ABC News(NEW YORK) -- Black women will not achieve equal pay with white men for at least another century, according to a report released Thursday."What that means in real terms is that my daughter and my daughter’s daughter will not see pay equity in their lifetime if we do nothing to accelerate […]
• AMC Theatres announces reopening plan: Here's what you need to know August 13, 2020
  LPETTET/iStockBy MEGAN STONE and CARSON BLACKWELDER, ABC News(NEW YORK) -- AMC Theatres is taking steps to reopen after shuttering its theaters worldwide in mid-March due to the ongoing COVID-19 pandemic.In an email sent to the company's "A List" members on Wednesday, the theater chain announced that movies will resume starting Aug. 20.Should all go well, […]
• Another 963,000 workers filed for unemployment insurance last week August 13, 2020
  glegorly/iStockBy CATHERINE THORBECKE, ABC News(WASHINGTON) -- Some 963,000 workers filed jobless claims last week, according to the latest data from the Department of Labor released Thursday. This is the first time in 21 weeks that weekly jobless claims have dipped below one million. The number of new claims has fallen since peaking at nearly 6.9 […]
• Firm behind coronavirus drug faces questions over pricing, potentially cheaper option August 13, 2020
  skhoward/iStockBy LUCIEN BRUGGEMAN, ABC News (NEW YORK) -- After initial excitement about the discovery of a promising treatment for some coronavirus patients, executives with Gilead Sciences are now facing harsh criticism over the initial business decisions they’ve made in the midst of a pandemic.In recent days, state leaders and a government watchdog group have leveled […]
• New Fisher-Price toys let kids work, cook and work out from home like their parents August 13, 2020
  MattelBy GOOD MORNING AMERICA, ABC News(NEW YORK) -- The realities of quarantining during the coronavirus pandemic are now showing up in the aisles of children's toys.Toy giant Fisher-Price has debuted three new toys for kids that reflect all the things adults are doing at home today, from working to cooking and working out.Fisher-Price's My Home […]
• The untold story of the real 'Aunt Jemima' and the fight to preserve her legacy August 12, 2020
  ABC NewsBY: JON SCHLOSBERG and DEBORAH ROBERTS(CHICAGO) -- Under the grass it is barely noticeable: an unmarked grave covering one of America’s "Hidden Figures" for nearly a century.You probably have never heard her name, but Nancy Green has likely been in your kitchen before. Green created the Aunt Jemima recipe, and with it, the birth […]
• As Americans await financial help, Trump's unemployment relief move confuses states August 12, 2020
  GoodLifeStudio/iStockBy SOO RIN KIM, LAURA ROMERO and KATHERINE FAULDERS, ABC News(WASHINGTON) -- The president’s recent executive action designed to bring economic relief to families struggling during the pandemic does not mean a new round of government checks are about to arrive in the mail.Instead, Donald Trump's recent announcement about additional unemployment benefits intended for millions […]
• California judge orders Uber and Lyft to classify drivers as employees August 11, 2020
  iStock/Andrei StanescuBY: CATHERINE THORBECKE(LOS ANGELES) -- A California judge on Monday said Uber and Lyft cannot classify their drivers as independent contractors instead of employees, delivering a major blow to the rideshare giants that have fought to block their drivers from receiving employee protections such as sick leave and overtime pay.The preliminary injunction compelling the […]
• Coalition of major CEOs pledge to hire 100,000 Black, Latino, Asian workers in New York August 11, 2020
  iStock/wutwhanfotoBY: CATHERINE THORBECKE(NEW YORK) --  A coalition of more than two dozen business leaders from some of New York City's largest employers together are pledging to hire 100,000 Black, Latino, Asian and low-income workers over the next 10 years.CEOs from 27 major businesses, including JPMorgan Chase and Google, announced the formation of the New York […]
• Eloquii debuts clothing rental service for sizes 14 and up: Here's what to know August 11, 2020
  iStock/RawpixelBY: JACQUELINE LAUREAN YATES(NEW YORK) -- Clothing rental services continue to be a hot topic even through these unprecedented times, and that's part of the reason plus-size retailer Eloquii has decided to come to the forefront with something many people are already excited about.On Tuesday, the company announced Eloquii Unlimited, a rental service that will […]