Category Archives: CNN – Business

San Francisco journalist heads to court after widely condemned police raid

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Court to hear arguments on SF reporter “Tomorrow is a big day.” That’s how freelance journalist Bryan Carmody, who had his electronics confiscated in a widely condemned raid by San Francisco police earlier this month,…MORE

Dressbarn is going out of business

The retail industry suffered another blow Monday after Dressbarn’s parent company announced it was shutting down the clothing chain’s operations. “It has been our pleasure to serve you, making it all the more difficult to let you know that the decision has been made to begin winding down the Dressbarn business,” Gary Muto, CEO of…MORE

Nike and Adidas to Trump: Tariffs on shoes would be ‘catastrophic’

Nike, Adidas, Under Armour, Foot Locker and other sneaker brands and retailers told President Donald Trump on Monday that proposed tariffs on imported shoes from China would be “catastrophic” for American consumers. “Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families,” a coalition…MORE

Quickly catch up on the day’s business news

Here’s what you might have missed Monday on CNN Business: Ford cuts 7,000 jobs: The auto giant hopes slashing 10% of its salaried staff worldwide will help it save $600 million a year and trim bureaucracy. Breaking up is hard to do: Google is restricting Huawei’s access to its Android operating system and apps after…MORE

‘Game of Thrones’ finale sets new viewership record

The final episode of “Game of Thrones” brought in a series record of 19.3 million viewers. The finale, titled “The Iron Throne,” broke the record set by last weekend’s episode, “The Bells,” for which 18.4 million viewers tuned in. The viewership for “The Iron Throne” includes 13.6 million people who watched the episode on HBO…MORE

Innovative companies are trouncing the rest of the market

Innovative companies are supposed to be better long-term investments than firms mired in complacency and stagnation — that’s obvious. But just how much better innovative companies perform may surprise you. Companies that invest heavily in research and development made more than a 25% return over the past year, nearly double that of the S&P 500,…MORE

Trump calls out Fox for booking Democrats, showing his disregard for journalism

President Trump says “something very strange” is happening on his favorite television channel. He’s talking about the presence of Democrats on Fox News. Last month he complained about Fox News’ town hall with Bernie Sanders. And on Sunday he said Fox wasted its airtime on a town hall with Pete Buttigieg. “Fox is moving more…MORE

Lidl will open 25 new US grocery stores over the next year

Despite early struggles in the United States, German discount grocery chain Lidl still believes it can grow in this country and replicate its longtime German foe Aldi’s success. Lidl announced Friday that it will open up 25 new stores by next spring on the East Coast in states such as Maryland, New York, Pennsylvania and…MORE

Whole Foods will ban plastic straws and offer smaller produce bags

Responding to customers’ demands, Whole Foods is ramping up its war on disposable plastic. The Amazon-owned company announced Monday that will stop offering plastic straws across all of its 500 stores in the United States, the United Kingdom and Canada. Whole Foods claims it’s the first national grocery chain to make the environmentally friendly move.…MORE