Two of the former owners of Toys "R" Us have agreed to pay $20 million to help laid-off employees.
Getty Images via CNN
November 20, 2018 - 2:33 pm
By Chris Isidore, CNN Business (CNN) — Two of the former owners of Toys "R" Us have agreed to pay $20 million to help laid-off employees. Bain Capital and KKR, private equity firms that owned part of the toy retailer, set up a severance fund to pay former workers who lost their jobs when the...
Read More
Victoria's Secret CEO resigns
Evan Agostini/AP
November 20, 2018 - 10:12 am
By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN (CNN) -- Victoria's Secret CEO Jan Singer has resigned amid a sales slump and competition from young companies challenging the brand's grip on the lingerie industry. The Wall Street Journal first reported Singer's departure last week. Victoria...
Read More
Chinedu Okobi and his family
Courtesy of Okobi Family
November 20, 2018 - 9:38 am
By Chris Boyette and Susannah Cullinane, CNN (CNN) — The sister of an unarmed black man who died after being tased by California deputies last month says police video of the incident contradicts official accounts of how he died. Chinedu Okobi, 36, died on October 3 in Millbrae, a city about 30...
Read More
In this May 12, 2016, file photo, head of Nissan Motor Co. Carlos Ghosn answers a question during their joint press conference in Yokohama, near Tokyo.
AP Photo/Eugene Hoshiko, File
November 20, 2018 - 8:49 am
By Tom Krisher and Angela Charlton, Associated Press DETROIT (AP) — For years, France's Renault and Japan's Nissan struggled to make money in the global auto business. Then came Carlos Ghosn, a Renault executive who helped to orchestrate an unprecedented transcontinental alliance, combining parts...
Read More
November 19, 2018 - 1:06 pm
By Nathaniel Meyersohn, CNN Business (CNN) -- David's Bridal has been buried under a mountain of debt. It hasn't helped that fewer people are tying the knot lately. The nation's largest bridal retailer filed for Chapter 11 bankruptcy protection on Monday. It owes between $500 million and $1 billion...
Read More
Carlos Ghosn, Chairman of the Board and Chief Executive Officer of Nissan Motor Co., Ltd., speaks at the North American International Auto Show in Detroit.
AP Photo/Paul Sancya, File
November 19, 2018 - 8:44 am
By Yuri Kageyama, AP Business Writer YOKOHAMA, Japan (AP) — Nissan Motor's chairman Carlos Ghosn has been arrested and will be dismissed for alleged under-reporting of his income and misuse of company funds, the company said Monday. The Japanese automaker's CEO Hiroto Saikawa confirmed that Ghosn...
Read More
An Evzio injector which issues audio instructions while in use
November 19, 2018 - 7:35 am
(CBS News) — Monday the U.S. Senate will release a report on Kaleo, a pharmaceutical company that raised the price of its opioid overdose antidote Evzio, from $575 to $4,000. The drug it uses, naloxone, costs about 5 cents a dose. The report details how Kaleo made sure that doctors signed forms for...
Read More
November 18, 2018 - 11:28 pm
By Danielle Wiener-Bronner (CNN) -- Coca-Cola wants to be a "total beverage company." It's hoping a new energy drink will help it get there. The company recently said it is considering adding a new drink, Coca-Cola Energy, to its roster of Coke products. The drink would use guarana extract and...
Read More
Holiday Shopping
Ian Bush
November 17, 2018 - 10:00 pm
PHILADELPHIA (KYW Newsradio) -- We're less than a week away from the traditional start to the holiday shopping bonanza. How are you planning to "spend" Black Friday? If you're like the average person in Deloitte's survey, you'll fork over $1,279 this holiday, with gift cards the top present. "...
Read More
James Candy Company
Diane Stoneback/Allentown Morning Call/MCT/Sipa USA
David Madden
November 17, 2018 - 4:15 am
ATLANTIC CITY, N.J. (KYW Newsradio) — The company behind a tasty Jersey shore candy favorite has filed for Chapter 11 bankruptcy protection in Camden federal court. But that doesn't mean it’s going away — actually, far from it. You might not recognize the James Candy Company, but Fralinger’s Salt...
Read More