Business Stories from November 16, 2020 (Change date)
-
Ex-Harvard coach, father charged in $1.5M admissions scamNov 16, 2020 4:30 pm - BOSTON (AP) - The former fencing coach at Harvard and a wealthy Maryland businessman were arrested Monday on accusations that the coach took $1.5 million in bribes in ex...
-
Tesla will be added to the benchmark S&P 500 index Dec. 21Nov 16, 2020 4:30 pm - NEW YORK (AP) - Tesla will be added to the S&P 500 index on Dec. 21. Based on its market value Monday, the electric car maker would be one of the top 10 companies in the...
-
Airbnb details years of losses ahead of planned IPONov 16, 2020 4:01 pm - Airbnb was losing money even before the pandemic struck and cut its revenue by almost a third, the home-sharing company revealed in documents filed Monday ahead of a pla...
-
About 90K sex abuse claims filed in Boy Scouts bankruptcyNov 18, 2020 5:52 am - NEW YORK (AP) - Close to 90,000 sexual abuse claims have been filed against the Boy Scouts of America as the Monday deadline arrived for submitting claims in the organiz...
-
Universal and Cinemark agree to shorten theatrical windowNov 16, 2020 3:31 pm - Universal Pictures has struck another deal with a major theater chain to shorten the theatrical window from three months to as little as 17 days in an effort to adapt to...
-
Woman headed to prison for fraud obtained COVID-relief loanNov 16, 2020 7:00 pm - CHICAGO (AP) - An Illinois woman facing incarceration for stealing millions of dollars through her boyfriend's business credit card allegedly obtained a pandemic relief ...
-
Government furthers investigation into Tesla camera failuresNov 16, 2020 9:30 am - WASHINGTON (AP) - U.S. safety regulators are continuing their investigation into complaints that Tesla's giant touch screens can fail and cause the cars to lose the rear...
-
Trump administration takes steps toward refuge lease saleNov 16, 2020 3:01 pm - JUNEAU, Alaska (AP) - The Trump administration is taking steps toward a lease sale within the Arctic National Wildlife Refuge, an area President-elect Joe Biden has said...
-
PNC to buy US unit of Spain's BBVA bank for $11.6 billionNov 16, 2020 9:00 pm - NEW YORK (AP) - PNC Financial Services Group Inc. said Monday it is buying the U.S. subsidiary of Spain's BBVA bank for $11.6 billion in cash. BBVA's U.S. operations, wh...
-
Here comes Santa Claus - with face masks and plexiglassNov 17, 2020 5:29 am - NEW YORK (AP) - Santa Claus is coming to the mall - just don't try to sit on his lap. Despite the pandemic - and the fact that Santa's age and weight put him at high ri...