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Nation and World

Feds, states file antitrust lawsuits against Facebook

Federal regulators on Wednesday sued Facebook, seeking forced divestment of its Instagram and WhatsApp messaging services.

US hiring declines for 5th month with 245K jobs

The unemployment rate fell to a still-high 6.7%, from 6.9% in October, the Labor Department said. November’s job gain was down from 610,000 in October.

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Google target in Justice Department antitrust lawsuit

The lawsuit marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago.

 
28K at Disney theme parks headed for layoffs

Disney’s parks closed last spring as the pandemic started spreading in the U.S. The Florida parks reopened this summer, but the California parks have yet to reopen.

Food company Knorr to change name of its ‘gypsy sauce’

BERLIN — One of Germany’s best-known food companies said it will rename a popular spicy dressing because of the racist connotations of its name.

Price of gold soars to record high amid coronavirus pandemic

The price of gold surged to a record above $1,926 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic.

Optimism fades jobs lost to virus will return, poll shows

Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic now believe those jobs are lost forever, a new poll shows, as temporary cutbacks give way to shuttered businesses, bankruptcies and lasting payroll cuts.

American Airlines warns 25,000 workers they could lose jobs

American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry.