Business

Hotel workers protest on May Day
Cherri Gregg-KYW Newsradio
Cherri Gregg
May 01, 2018 - 1:40 pm
Service workers and activists held a May Day protest at Philadelphia City Hall, demanding that City Council pass a bill to force employers to stabilize working conditions. "We need a fair work week -- and we demand a fair work week," shouted activists. Demonstrators represented groups such as...
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Power Rangers figure
Photo by Denis Poroy/Invision/AP, File
May 01, 2018 - 11:48 am
PAWTUCKET, R.I. (AP) — Hasbro is buying the Power Rangers and some other toy brands from Saban Properties in a cash-and-stock deal valued at $522 million. The announcement comes after Saban Brands picked Hasbro Inc. as the master toy licensee for the Power Ranger line in February. The approximately...
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Children were found working alongside adults at cobalt operations in the Democratic Republic of Congo.
CNN
May 01, 2018 - 10:03 am
By Alanna Petroff (CNN Money) -- Car and tech companies are scrambling for supplies of cobalt, a mineral they need to power electric vehicles and smartphones. But they have a problem: Much of the cobalt used in lithium-ion batteries comes from a country where children work in mines. A CNN...
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Woman walks past T-Mobile and Sprint stores in New York
AP Photo/Mark Lennihan, File
April 30, 2018 - 7:36 am
By Stan Choe and Tali Arbel, AP Business Writers NEW YORK (AP) — To gain approval for their $26.5 billion merger agreement, T-Mobile and Sprint aim to convince antitrust regulators that there is plenty of competition for wireless service beyond Verizon and AT&T. The deal announced Sunday would...
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Sprint T-Mobile Merger
(AP Photo/Mark Lennihan, File)
April 29, 2018 - 3:13 pm
NEW YORK (AP) — T-Mobile and Sprint announced an agreement Sunday to combine into a new company, a deal that would reshape the U.S. wireless landscape by reducing it to three major cellphone providers. The big unknown is whether the combination will win the necessary approval from the Trump...
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Airbus A350-900ULR
Courtesy Airbus via CNN
April 28, 2018 - 12:38 pm
By Howard Slutsken, CNN (CNN) -- Singapore to New York, nonstop. Almost 20 hours in the air. By the end of this year, passengers on Singapore Airlines' newest plane, the Airbus A350-900ULR -- for Ultra Long-Range -- will travel on a record-breaking, globe-spanning flight that will reconnect the two...
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Subaru North American headquarters in Camden, NJ
David Madden-KYW Newsradio
David Madden
April 27, 2018 - 1:41 pm
CAMDEN, NJ (KYW Newsradio) -- Subaru is completing a move of its North American corporate headquarters from Cherry Hill to Camden, with a formal grand opening. Friday was a day CEO Tom Doll had spent years working on. The carmaker will occupy a new, five-story, quarter-million square foot facility...
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Parcels are processed and prepared for dispatch at Amazon's Fulfillment Center
PA Images/Sipa USA
April 26, 2018 - 6:06 pm
(CNN Money) -- Amazon is raising the price of Amazon Prime from $99 to $119 per year. The company announced the price hike for its membership program during a call with investors Thursday. The change will go into effect May 11, and it will apply to Prime renewals beginning June 16. "We continue to...
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Foot long subway sandwich
Dreamstime
April 26, 2018 - 4:27 pm
(CNN Money) -- Fast food sandwich chain Subway expects to close about 500 stores in North America this year. But it's also hoping to open as many as 1,000 stores overseas. The company has 44,000 locations globally -- more than any other retailer. The National Retail Federation put its US store...
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Gas prices in the Philadelphia area
Mike Denardo | KYW Newsradio
Mike DeNardo
April 26, 2018 - 2:42 pm
PHILADELPHIA (KYW Newsradio) -- The price of gasoline in the Philadelphia area is spiking. Average gas prices have crossed a threshold not seen since the end of 2014, says Patrick DeHaan, the head of petroleum analysis for GasBuddy. "Gas prices today across the Philadelphia metro area have crossed...
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