Business

Starbucks Protest
Photo credit: Tim Jimenez
Mike Dougherty
May 11, 2018 - 7:48 am
PHILADELPHIA (KYW Newsradio) — After taking full responsibility for the public relations nightmare in Center City Philadelphia that sparked national outrage, Starbucks executives are making some big policy changes as the company tries to bounce back. Chairman Howard Schultz says the incident in...
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David Madden
May 10, 2018 - 9:03 pm
TRENTON, N.J. (KYW Newsradio) — New Jersey Transit has not exactly been held in high public esteem over the last few years. Despite what locals may think, the agency made the Forbes 500 list of best places to work across America, coming in at No. 459. (To put that in context, Amtrak came in at 279...
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Rolls-Royce vehicles boast of many outstanding features. The ability to drive through water nearly two feet deep is not usually one of them. But the new Rolls-Royce Cullinan, just unveiled in London, can do that.
Courtesy Rolls-Royce
May 10, 2018 - 5:16 pm
By Peter Valdes-Dapena (CNN Money) -- Rolls-Royce vehicles boast of many outstanding features. The ability to drive through water nearly two feet deep is not usually one of them. But the new Rolls-Royce Cullinan, just unveiled in London, can do that. The British ultra-luxury automaker's first SUV...
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The New Jersey Casino Control Commission has unanimously approved a license for the Hard Rock Hotel & Casino.
David Madden | KYW Newsradio
David Madden
May 09, 2018 - 4:14 pm
ATLANTIC CITY, N.J. (KYW Newsradio) — The New Jersey Casino Control Commission has unanimously approved a license for the Hard Rock Hotel & Casino . More than two dozen leaders of the project, including CEO Jim Allen, also received their personal licenses. In addition to the hype you might...
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Philadelphia City Councilman Derek Green and Pa. state Rep. Jordan Harris
Pat Loeb-KYW Newsradio
Pat Loeb
May 09, 2018 - 12:18 pm
As the Pennsylvania Health Department takes applications for permits to grow medical marijuana, local elected officials are calling on the governor to ensure that Philadelphia gets at least one. Officials made their case on Wednesday. Councilman Derek Green says that by 2020, medical marijuana will...
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Stacks of bolivares from Venezuela
Carlos Becerra/Getty Images
May 09, 2018 - 10:01 am
By Andrea Diaz, CNN (CNN) -- How worthless is the bolivar, Venezuela's currency? You'd be better off investing in fictional currency from a video game. The virtual gold in "World of Warcraft," the online role-playing game, is now almost seven times more valuable than real cash from Venezuela, whose...
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Google CEO Sundar Pichai speaks about YouTube break reminders at the Google I/O conference.
AP Photo/Jeff Chiu
Ian Bush
May 08, 2018 - 6:24 pm
MOUNTAIN VIEW, Calif. (AP, KYW Newsradio) — The next big thing from Google might make your jaw drop — but you don't even have to open your mouth. It sounds like any old phone conversation. Woman 1 : "Hello, how can I help you?" Woman 2 : "Hi, I'm calling to book a woman's haircut for a client." But...
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The president of Nordstrom Rack, Geevy Thomas, has flown to St. Louis himself to make an apology to the teens in person.
KMOV
May 08, 2018 - 4:58 pm
By Aaron Smith and Marlena Baldacci (CNN Money) -- The president of Nordstrom Rack is offering a face-to-face apology to three African American teenagers after they were falsely accused of stealing from a store in Missouri. Dirone Taylor, Mekhi Lee and Eric Rogers II said they were shopping on...
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Nestle's directors speak in front of the Nestle's logo
Laurent Gillieron/Keystone via AP, File
May 07, 2018 - 11:01 am
SEATTLE (AP) — Nestle has entered into an agreement to bring Starbucks products to millions of homes worldwide. The Swiss-based company announced Monday that Starbucks will receive an up-front cash payment of $7.15 billion for a business which generated annual sales of $2 billion. Approximately 500...
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Bitcoin
May 07, 2018 - 10:40 am
By Paul R. La Monica (CNN Money) -- Tell us how you really feel, Mr. Buffett. The price of bitcoin took a dive after Warren Buffett renewed his criticism of the cryptocurrency — even comparing it to rat poison. Bitcoin had been closing in on $10,000, but it fell nearly 6% Sunday and was down...
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