Business News

• DOJ makes $8B settlement with Purdue Pharma, OxyContin manufacturer, for role in opioid crisis October 21, 2020
  Pureradiancephoto/iStock By AARON KATERSKY, LUKE BARR and ALEXANDER MALLIN, ABC News(WASHINGTON) -- The Justice Department announced an $8 billion settlement with Purdue Pharma, the OxyContin maker widely accused of fueling the nation's opioid crisis that has been blamed for more than 400,000 American deaths in the last 20 years.The settlement resolves criminal and civil investigations […]
• NASA astronaut has a message for Latinx STEM students: 'We need you' October 21, 2020
  Melpomenem/iStockBy PENELOPE LOPEZ, ABC News(NEW YORK) -- Astronaut Ellen Ochoa has a message for the next generation of Latinx students who are aspiring to work in Science, Technology, Engineering, and Math (STEM) fields: "We need you."“We need your minds. We need your creativity,” she told ABC News.Ochoa, a first generation Mexican-American, made history in the […]
• Canadian green start-up Nexii has alternative to cement October 21, 2020
  schwartstock/iStockBY: LEIGHTON SCHNEIDER, ABC NEWS (NEW YORK) -- Canadian green start-up Nexii Buildings Solutions Inc. believes they have a solution to the carbon emission problem in construction. Its product Nexiite, a proprietary material that allows for rapid construction, is a near-zero carbon alternative to cement, a highly carbon-intensive material.  Greenhouse gas emissions are a big […]
• Walmart reveals 2020 Black Friday deals October 21, 2020
  Wolterk/iStockBy JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Walmart announced its "Black Friday Deals for Days" events last week, and now the retailer is giving shoppers a look at some of the best deals.Starting Nov. 4, the company is rolling out several sale events through Nov. 27 with discounted prices available in-store and online.Each […]
• NYC restaurants to add 10% dining surcharge during pandemic October 21, 2020
  tirc83/iStockBy KELLY MCCARTHY, ABC News (NEW YORK) -- New York City diners could soon notice a new item on the bottom of their bill at bars and restaurants during the pandemic.A new option for restaurants to add a surcharge went into effect Friday after it was approved last month by the City Council. The recovery […]
• Hummer electric pickup truck unveiled: What you need to know October 21, 2020
  GMCBy MORGAN KORN, ABC NewsThe 2022 Hummer EV pickup truck made its grand debut Tuesday evening, the newest electric vehicle to target Tesla's stronghold on the EV market.The old Hummer -- a military-esque, boxy ute that averaged 10 mpg -- was a lightning rod for environmentalists before sales were halted in 2010. This time, the […]
• DOJ files antitrust lawsuit against Google over search engine practices October 20, 2020
  JHVEPhoto/iStockBy ALEXANDER MALLIN, ABC News(WASHINGTON) -- The Department of Justice announced Tuesday it has filed a major antitrust lawsuit against Google, accusing the company of a host of anti-competitive practices that it says has allowed the company to unlawfully preserve monopolies through the operations and advertising agreements reached through its web browser.The long-awaited lawsuit follows […]
• Kendall and Kylie Jenner drop new Amazon clothing line -- everything's less than $90 October 20, 2020
  Dimitrios Kambouris/Getty Images for The Business of FashionBy JACQUELINE LAUREAN YATES, ABC News(NEW YORK) -- While wardrobes have transitioned into cozy at-home athleisure looks, tie-dye and face masks amid the coronavirus, Kendall and Kylie Jenner have a new collection for our new normal.For the first time ever, the sister duo have created an exclusive clothing […]
• Experts predict holiday shipping crunch amid pandemic October 20, 2020
  artisteer/iStockBy KELLY MCCARTHY, ABC News(NEW YORK) -- Holiday shopping and shipping amid the pandemic could come with new problems, which is why some companies are increasing staff to meet the new demand.With more Americans reluctant to return to physical stores, and moving online to do their shopping, experts predict that the busy retail season ahead […]
• Deloitte to shutter four offices as COVID-19 propels remote work October 19, 2020
  tzahiV/iStockBy CATHERINE THORBECKE, ABC News(LONDON) -- The multinational consulting giant Deloitte is proposing shuttering four office buildings in the U.K. but keeping all staff on work-from-home contracts, the company told ABC News Monday.The coronavirus pandemic ushered in a sudden, massive work-from-home experiment for much of the private sector. Now more than six months into it, […]