Category Archives: CNN – Business

State Department still silent after dropping NPR reporter from Pompeo trip

State Department still silent after dropping NPR reporter from Pompeo trip

The State Department has yet to explain or defend its highly unusual decision to remove an NPR reporter from an upcoming trip by Secretary of State Mike Pompeo at a time when Pompeo is fuming about the public radio network. NPR’s diplomatic correspondent Michele Kelemen was supposed to be the radio representative on the plane…MORE

These  American brands have the biggest exposure to China’s economy

These American brands have the biggest exposure to China’s economy

Several major American companies with big investments in China are preparing themselves for potential disruption from the spread of the deadly Wuhan virus. “We are in an era of just-in-time delivery and minimal inventories, so in many cases it probably wouldn’t take long before shortages would show up in supply chains, and consumers might notice…MORE

This grocery store wanted to compete with Whole Foods. Now it’s going bankrupt

This grocery store wanted to compete with Whole Foods. Now it’s going bankrupt

Lucky’s Market, the niche grocery chain that bills itself as “organic for the 99%,” filed for bankruptcy protection Monday, the latest in a string of grocery store bankruptcies. The grocer said it agreed to sell six stores to discount grocer Aldi and five to Publix. Lucky’s said it will continue operating seven stores through bankruptcy.…MORE

One of the biggest names in cannabis is falling behind in paying vendors

One of the biggest names in cannabis is falling behind in paying vendors

Cannabis dispensary operator MedMen Enterprises had aspirations to be the biggest, most premium player in the emerging industry. It opened locations in Beverly Hills and on Manhattan’s Fifth Avenue and grew its name to the extent that it was even parodied on “South Park.” But MedMen has fallen on hard times, fallen behind on payments…MORE

Jimmy Kimmel ditched his studio audience for a somber tribute to Kobe

Jimmy Kimmel ditched his studio audience for a somber tribute to Kobe

Jimmy Kimmel’s late night show usually opens with laughter, but on Monday night there was nothing to laugh about. Monday’s episode of “Jimmy Kimmel Live!” opened with a monologue from Kimmel that focused on mourning the death of Kobe Bryant, who died in a helicopter accident on Sunday that killed the NBA legend, his daughter…MORE

Harley-Davidson’s stock tanks as motorcycle sales continue to slide

Harley-Davidson’s stock tanks as motorcycle sales continue to slide

Harley-Davidson has a big problem. Americans aren’t riding its trademark hogs nearly as much as they used to do. Shares of Harley-Davidson fell 3% in early trading Tuesday after the company reported sales and earnings that missed Wall Street’s forecasts. The stock is now down more than 10% this year. Most alarming: Demand for Harley’s…MORE

Chipotle cited with 13,253 child labor law violations in Massachusetts

Chipotle cited with 13,253 child labor law violations in Massachusetts

Chipotle agreed to pay a $1.3 million fine for more than 13,000 child labor violations at several of its Massachusetts locations. The state’s attorney general’s office criticized the company in a statement for “routinely” violating child labor laws between 2015 and 2019 at more than 50 Chipotle locations. Teenagers under 18 years old were forced…MORE

3M is cutting 1,500 jobs in a global restructuring

3M is cutting 1,500 jobs in a global restructuring

Industrial conglomerate 3M is laying off 1,500 workers globally as the company looks to restructure. 3M announced the job cuts, which amount to a little more than 1.5% of its total employee count of 96,000, in its fourth quarter earnings release Tuesday. The company reported sales and earnings that missed forecasts and issued an underwhelming…MORE