Business News

Gap and Banana Republic are closing another 350 stores

Gap and Banana Republic are closing another 350 stores

David Tran/iStockBy JACQUELINE LAUREAN YATES, ABC News(NEW YORK) — Joining a host of several other popular retailers, Gap is planning to make major changes amid the coronavirus pandemic.The global American retailer announced it will shutter 225 of its stores by 2024 — a third of its locations. With these closures, 80% of Gap’s remaining stores…

Dunkin’ Brands confirms talks of possible sale

Dunkin’ Brands confirms talks of possible sale

eyewave/iStockBy KELLY MCCARTHY, ABC News(NEW YORK) — The parent company of Dunkin’ and Baskin-Robbins confirmed it’s in talks to sell itself to a private equity-backed company.Dunkin’ Brands announced in a press release Sunday “that it has held preliminary discussions to be acquired by Inspire Brands.”The company explained that there’s “no certainty that any agreement will…

How to navigate job hunting amid COVID-19: Four tips from a career expert at LinkedIn

How to navigate job hunting amid COVID-19: Four tips from a career expert at LinkedIn

BrianAJackson/iStockBy TAYLOR DUNN and ANGELINE JANE BERNABE, ABC News(NEW YORK) — This year, millions of people around the world have missed out on big milestones or have had to postpone important events like weddings due to COVID-19.The same has happened to college seniors who missed out on their graduation ceremonies and were unable to kickstart…

Why one 90s toy phenomenon is making a comeback

Why one 90s toy phenomenon is making a comeback

apilarinos/iStockBy MIGUEL FLORENCIO, ABC News(NEW YORK) — Since the first introduction of Pokémon to American audiences in 1997, it has collected the hearts of several generations. When the iconic show first aired in the U.S., kids were immediately glued to their TV sets and mesmerized by the adventures of Ash and Pikachu. Then, when the…

Delta adds 460 people to no-fly list for refusing to wear masks

Delta adds 460 people to no-fly list for refusing to wear masks

Jetlinerimages/iStockBY: BILL HUTCHINSON, ABC NEWS(NEW YORK) — Usually reserved for suspected terrorists, Delta Airlines has added the names of 460 people to its no-fly lists for refusing to comply with a requirement to wear masks during flights, according to a memo to employees from the company’s CEO.Delta CEO Ed Bastian revealed the number in an…

Bill aims to prohibit discrimination in financial services for first time

Bill aims to prohibit discrimination in financial services for first time

ineskoleva/iStockBy CATHERINE THORBECKE, ABC News(WASHINGTON) — A new bill proposed by a handful of Senate Democrats aims to make discrimination in the banking industry explicitly illegal for the first time, bridging a gap that left the financial services industry out of 1964 Civil Rights Act discrimination laws.Senators Sherrod Brown, D-Ohio, Tina Smith, D-Minn., Cory Booker,…

Goldman Sachs subsidiary pleads guilty to role in $2.6 billion embezzlement in Malaysia

Goldman Sachs subsidiary pleads guilty to role in $2.6 billion embezzlement in Malaysia

DNY59/iStockBy AARON KATERSKY, ABC News(NEW YORK) — A subsidiary of Goldman Sachs pleaded guilty on Thursday for its role in a scandal involving the embezzlement of billions of dollars from a Malaysian government investment fund known as 1MDB.The subsidiary pleaded guilty to violating anti-bribery provisions of the Foreign Corrupt Practices Act, admitting it contributed to…

Weekly unemployment filings dip to 787,000

Weekly unemployment filings dip to 787,000

courtneyk/iStockBy CATHERINE THORBECKE, ABC News (WASHINGTON) — Weekly unemployment filings dipped below the 800,000 mark for the first time in months, falling to 787,000 last week, the Department of Labor said Thursday.This is the lowest number of weekly jobless claims since March, when the pandemic clobbered the U.S. labor market and the tally of initial…