Thursday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines.
Apple store
Apple will pay $113 million to settle allegations from 33 U.S. states and the District of Columbia that it slowed down iPhones to mask battery issues and get users to purchase new phones.
The deal with a coalition led by Arizona, Arkansas and Indiana is separate from a proposed settlement Apple reached in March to pay affected iPhone owners up to $500 million to stem a class action.
The iPhone maker said that starting next year it will collect %15 rather than 30% of App Store sales from companies that generate no more than $1 million in revenue.
Carnival Cruise Line
Carnival Cruise Line has suspended all U.S. sailing through January.
The increase in cases forced Carnival to just shut down for the rest of the year.
It says it is committed to meeting the CDC requirements and keeping guests and business partners informed of their progress.
Southwest Airlines
More than 400 Southwest Airlines mechanics got furlough warnings as cost-cutting talks falter.
Talks will continue with pilot and flight attendant groups.
Southwest is poised to have its first-ever furloughs unless work groups reach cost-cutting deals.
Jobless claims
Another 700,000 Americans likely filed for jobless benefits last week.
The weekly jobless claims numbers are still historically high but have been slowly trending down.
The worry is that with new lockdowns starting that number could start creep back up again.