GE hires a new CFO. Task No. 1: Shrinking a mountain of debt
General Electric hired Carolina Dybeck Happe as its new finance chief, filling a vital role that will focus on cleaning up the iconic company’s…
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Uber loses London license again but can keep driving for now
Uber has just suffered a significant setback in one of its biggest markets. London transit officials have decided not to extend the company’s…
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LVMH scoops up Tiffany for $16.2 billion
LVMH and Tiffany & Co. are finally getting together after weeks of anticipation. The two companies announced Monday that LVMH will buy the…
Continue Reading LVMH reportedly nearing a deal to acquire iconic New York jeweler Tiffany & Co.
Luxury giant LVMH is reportedly nearing an agreement to add another brand to its portfolio, a deal that would come wrapped in a little blue box. The…
Continue Reading Charles Schwab agrees to buy TD Ameritrade for $26 billion
Two of the leaders of the online brokerage industry are merging. Charles Schwab agreed to buy TD Ameritrade for $26 billion, the companies announced…
Continue Reading McDonald’s pays $26 million to settle wage theft suit
McDonald’s is paying $26 million to settle a class action lawsuit over wage theft. It’s the latest development in a string of conflicts…
Continue Reading He invented the web. Now he’s warning of a looming ‘digital dystopia’
Tim Berners-Lee, the inventor of the world wide web, has warned of a “digital dystopia” if the world fails to tackle threats such as…
Continue Reading GM suit against Fiat Chrysler could upend crucial talks
General Motors brought an unprecedented racketeering lawsuit against Fiat Chrysler this week. It could not have come at a worse time. Fiat Chrysler…
Continue Reading Merger Monday: Three major deals and one that could turn hostile
Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
Continue Reading HP rejects Xerox takeover bid, yet again
HP is making itself clear to Xerox: Seriously, we don’t need you. HP’s board on Sunday once again rejected a takeover bid from Xerox,…
Continue Reading Bloomberg editor-in-chief explains how the outlet will cover 2020 race with Michael Bloomberg as candidate
Bloomberg Editor-in-Chief John Micklethwait on Sunday sent a note to staffers addressing how the news organization will cover the 2020 presidential…
Continue Reading Positive US-China trade vibes are propelling Asian markets higher
Asian stocks advanced Monday, boosted by positive signals about a potential US-China trade deal. Hong Kong’s Hang Seng Index opened up 1.1% and…
Continue Reading LOL Surprise toys will be made with biodegradable plastic and paper in 2020
LOL Surprise! It might sound like a text you’d get before receiving shocking news, but it’s actually the name of one of the hottest toys.…
Continue Reading Why Black Friday is absolutely crucial for struggling retailers
Happy Sunday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
Continue Reading ‘SNL’ has Alec Baldwin’s Trump take questions about Sondland and impeachment
“Saturday Night Live” brought back Alec Baldwin to have President Donald Trump take questions about impeachment. He just did so near a…
Continue Reading Malls are now targeting millionaires
Suburban malls in the middle of America have been hit hard due the financial woes of anchor tenants like Macy’s and JCPenney and the slow death…
Continue Reading Sprint may soon be a dead brand … one way or another
Sprint is a storied American brand, but it’s one that could cease to exist if its $26 billion merger with T-Mobile is approved. If the…
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Facial recognition technology now in use by feds at El Paso ports of entry
EL PASO, Texas — The federal government has introduced biometric facial technology in El Paso to “further secure” the Paso Del Norte, Ysleta and…
Continue Reading The RNC spent nearly $100,000 on Donald Trump Jr.’s book, but that’s not why it’s a best-seller
When Donald Trump Jr.’s book “Triggered” debuted at the top of The New York Times’ hardcover non-fiction best-seller list…
Continue Reading ‘Frozen 2’ is about to break more records for Disney
After “Frozen” hit theaters in 2013, it quickly became a cultural phenomenon. It inspired Olaf merchandise, theme park rides, and a…
Continue Reading Sacha Baron Cohen calls social media ‘the greatest propaganda machine in history’
Sacha Baron Cohen has had it with social media. Speaking at the Anti Defamation League’s International Leadership summit on Thursday night,…
Continue Reading Inside WeWork’s week from hell: How the mass layoffs went down
When staffers in WeWork’s New York City headquarters received a calendar invite this week for a mandatory meeting with a note telling them to…
Continue Reading Troubled tuna seller Bumble Bee files for bankruptcy
Bumble Bee Foods filed for bankruptcy on Thursday, blaming its “recent and significant legal challenges.” Taiwanese fish supply chain…
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Monsanto pleads guilty to illegally spraying banned pesticide in Maui
Agrochemicals company Monsanto, a unit of Bayer AG, has agreed to pay $10.2 million in fines and plead guilty to spraying a banned pesticide on…
Continue Reading Tesla’s Cybertruck has become the butt of every internet joke
Just when it seemed like things couldn’t get worse for Tesla after the botched unveiling of its Cybertruck, the internet weighed in. Tesla had…
Continue Reading Democrats blast Google’s new rules for political ads
The three major Democratic committees blasted Google on Friday for an ad policy that will allow politicians to run false ads across its platforms,…
Continue Reading Some Google Stadia customers say their Chromecasts are overheating
Google’s new Stadia gaming service is hot — in more ways than one. Some gamers accessing the new cloud gaming platform through a Google…
Continue Reading Angry savers emailed Janet Yellen: We’re getting crushed by low rates
Rock-bottom interest rates have pumped up stock prices, knocked down mortgage rates and supported the creation of countless unicorns in Silicon…
Continue Reading US regulators rule that China’s Huawei and ZTE threaten national security
American regulators voted to impose new restrictions on subsidies for American telecom companies Friday. The ruling is designed to constrain Chinese…
Continue Reading Indian cafe chain customers upset by use of facial recognition to bill them
An Indian cafe chain popular for its chai drinks is under fire for using facial recognition software to bill its customers, with some taking to…
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