Thursday, 12 November 2020

U.S. government appeals order blocking TikTok ban from taking effect

U.S. government appeals order blocking TikTok ban from taking effect

The U.S. Justice Department said on Thursday it had appealed a Pennsylvania judge's Oct. 30 order that blocked the government from imposing restrictions on Chinese-owned TikTok that were set to take effect today.

Disney revenue better than expected as it starts to climb out of the pandemic

Walt Disney Co on Thursday reported quarterly revenue that was better than Wall Street expected as live sports returned to ESPN and the company's theme parks began recovering from shutdowns due to the coronavirus pandemic.

Wall Street ends sharply lower as pandemic fears resurge

Wall Street ended sharply lower on Thursday as U.S. coronavirus infections surged and investors weighed the timeline for the mass rollout of an effective vaccine.

Fired Amazon worker files discrimination lawsuit over pandemic conditions

A former Amazon.com Inc worker who protested conditions at his New York City fulfillment center sued the retailer on Thursday, accusing it of discrimination for firing him and for putting Black and Hispanic workers at heightened risk of contracting COVID-19.

Wall Street closes sharply lower, Treasury yields drop as shutdown fears mount

Wall Street dropped in a broad sell-off and U.S. Treasury yields fell on Thursday as spiking COVID-19 infections raised the probability of a new round of economic shutdowns, and investors grappled with the realization that any potential vaccine remains months away from coming to market.

Cisco beats quarterly revenue estimates

Cisco Systems Inc on Thursday reported smaller-than-expected drop in first-quarter revenue as more people working from home during the COVID-19 pandemic drove demand for its teleconferencing tools, networking equipment and cybersecurity products.

Trump administration bans U.S. investments in firms linked to Chinese military

The Trump administration on Thursday unveiled an executive order prohibiting U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the U.S. election.

Future of Dakota Access pipeline uncertain as Biden presidency looms

The election of Democrat Joseph Biden could create more headaches for the Dakota Access Pipeline's (DAPL) owners, who are already embroiled in legal battles to keep the main conduit for flowing oil out of North Dakota running.

U.S. senator urges FTC to interview Facebook ex-officials

Senator Marsha Blackburn, a Republican and a tough critic of the big tech companies, urged the Federal Trade Commission on Thursday to interview some former employees of Facebook Inc as part of its probe of the social media giant.

JetBlue says will phase out seat blocks by early 2021

JetBlue Airways is gradually removing seat blocks set up on its flights early in the pandemic, with all available seats up for sale after the holiday travel season, the budget carrier said on Thursday.

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