LOS ANGELES Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling e-commerce marketplace, a California state appeals court ruled on Thursday.
LOS ANGELES Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war, experts said.
Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began.
United Parcel Service Inc exceeded analyst estimates for quarterly profit and revenue on Thursday as pandemic-fueled rises in lucrative healthcare and air shipments helped offset a margin squeeze from surging e-commerce home deliveries, sending shares up as much as 17.6%.
Investors' penchant for prioritizing growth over profit at Amazon.com Inc will be put to the test on Thursday, when investors absorb the impact of second-quarter pandemic-related costs that could top $4 billion (3 billion pounds).
Perbacco, the upscale Italian restaurant in San Francisco's Financial District, had a new takeout menu and a skeleton crew to offer outside service as the coronavirus pandemic first forced cities and states to cancel indoor dining.
LOS ANGELESOnline sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But many retailers, from department store chain Macy's Inc to essential retailer Target Corp, are grappling with higher expenses related to e-commerce.