Jack Ma donates $14 million to develop coronavirus vaccine
Jack Ma, Alibaba founder and China’s richest man, has donated 100 million yuan ($14.4 million) through his foundation to help find a vaccine…
Continue ReadingBiz/Tech
Old Bay has a hot sauce now and some folks are pretty excited
Fans of hot sauce and Old Bay seasonings may want to plan a trip to the grocery store soon. McCormick & Company, the Maryland-based spice…
Continue Reading Better breakfast and chicken sandwiches: How McDonald’s plans to win customers back
McDonald’s is kicking off the year with a wave of good financial results. But it still needs to figure out how to bring in more customers.…
Continue Reading GE’s comeback continues
General Electric’s comeback under CEO Larry Culp continues. The slimmed-down conglomerate, which has been shedding assets and paring back debt…
Continue Reading BBC slashes 450 newsroom jobs in shift to digital
BBC News is cutting 450 jobs as part of a modernization plan that will shift resources from television production to digital services. The…
Continue Reading Billionaire founder of Victoria’s Secret may sell the company
L Brands’ stock jumped 12% Wednesday on a report that billionaire founder and CEO Leslie Wexner is in talks to step aside or sell the…
Continue Reading
The coronavirus could be much worse for China’s economy than SARS
China has taken the extraordinary step of extending the Lunar New Year holiday — in some places by more than a week — in an effort to contain the…
Continue Reading American Airlines suspends two routes to China as coronavirus spreads
American Airlines is the second US carrier to suspend some of its flights to China as the deadly coronavirus continues to spread and shrinks demand.…
Continue Reading Major bank pulls support for Florida voucher program over LGBTQ discrimination report
Fifth Third Bank is pulling millions of dollars in funding it had pledged to a Florida private school voucher program following a report that dozens…
Continue Reading Europe moves to secure 5G networks but won’t ban Huawei
The European Union has directed its member states to take steps to ensure their 5G networks are secure, but new guidelines published by the bloc on…
Continue Reading Coronavirus fears sink Hong Kong stocks as they reopen after the Lunar New Year
Hong Kong stocks had their worst day in almost six months Wednesday as investors returned from a four-day holiday to weigh the consequences of an…
Continue Reading These oil companies are leading the industry’s green transformation
Oil and gas companies know the clock is ticking to become greener as investor demand for climate action mounts. However, some are in a better spot to…
Continue Reading How will central banks respond to the coronavirus threat?
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The Federal…
Continue Reading This was supposed to be a billion-dollar week for China’s box office. Then the coronavirus hit
China’s massive box office would normally be booming right about now. Not this year. The country’s biggest holiday, the Lunar New Year,…
Continue Reading Krispy Kreme is expanding in New York City
Krispy Kreme is embarking on its most ambitious New York City expansion in more than a decade. The doughnut chain is opening seven locations in the…
Continue Reading
Kobe Bryant merchandise in El Paso largely sold out following NBA legend’s death
EL PASO, Texas — As tributes for the sports legend pour in, many are searching for memorabilia to remember Kobe Bryant. Here in El Paso, merchandise…
Continue Reading US airlines briefed on government measures to stop spread of deadly coronavirus
An airline industry official told CNN that Trump administration officials briefed US airlines Tuesday on measures being taken to contain the spread…
Continue Reading Washington Post reinstates reporter who it suspended over Kobe Bryant tweets, saying she didn’t violate policy
A top editor at The Washington Post said Tuesday that a reporter who was suspended for tweets she posted in the immediate aftermath of Kobe…
Continue Reading J. Crew hires former head of Victoria’s Secret as its new CEO
J. Crew has turned to an executive from another struggling brand, Victoria’s Secret, to lead its turnaround. Jan Singer will become J.…
Continue Reading NPR wants answers from Pompeo after State Department removes reporter from 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…
Continue Reading Starbucks has closed more than half of its Chinese stores because of coronavirus
Starbucks has closed more than half of its roughly 4,300 Chinese stores, as the deadly coronavirus continues to spread in the country. The company…
Continue Reading Ben Smith is leaving BuzzFeed for the New York Times
Ben Smith, the former political blogger who built BuzzFeed News into a digital powerhouse, announced Tuesday that he is leaving the website and…
Continue Reading United Airlines suspends some flights between US and China as coronavirus spreads
United Airlines is temporarily reducing its schedule between the United States and three cities in China in light of the Wuhan virus. The airline…
Continue Reading Super Bowl ad starring Jimmy Fallon aims to inspire those who love beer but hate working out
It’s a feeling of dread a lot of Americans can relate to — working out. It often feels more like a chore than a fun activity, but in…
Continue Reading Atari is opening its own hotels in eight US cities
Atari might be best known for 1970s video games and its money problems, but now the brand is opening its own chain of branded hotels. The first one,…
Continue Reading After a tough few months for McDonald’s, new CEO makes his public debut
After fewer than three months at the helm of the company, McDonald’s CEO Chris Kempczinski will address investors and analysts during the first…
Continue Reading 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…
Continue Reading UK will allow Huawei to help build its 5G network despite US pressure
The British government said Tuesday that it will allow China’s Huawei to help build the country’s next generation of super-fast wireless…
Continue Reading Huawei just dodged a bullet in the UK. Europe is the next showdown
Huawei has been granted a limited role in building Britain’s 5G network, allowing the company to maintain its presence in a crucial market…
Continue Reading 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…
Continue Reading