Business

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David Madden
August 09, 2019 - 3:45 pm
SOUTH JERSEY (KYW Newsradio) — Changes are on the horizon for New Jersey’s controversial tax on shore house rentals. Gov. Phil Murphy signed legislation Friday that would limit the scope of rentals that are subject to the tax. The 11.6 percent tax, which went into effect last year, is similar to...
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Walmart El Paso Shooting Memorial
Mark Ralston/AFP/Getty Images
August 09, 2019 - 10:17 am
By Chris Isidore, CNN Business (CNN) -- Walmart is taking down displays of violent video games in its stores in the wake of recent shootings. But the company plans to still sell the controversial video games -- and guns. The change in policy does not apply to the sale or display of actual firearms...
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In this April 14, 2019 file photo, White House senior adviser Ivanka Trump, listens to women speak about their experiences working with Muya, a manufacturing center of textiles and traditional crafts in Addis Ababa, Ethiopia.
Jacquelyn Martin/AP Photo
August 08, 2019 - 12:24 pm
By Darlene Superville, Associated Press WASHINGTON (AP) — Ivanka Trump will travel to South America in September to focus on issues that make it difficult for women in developing countries to prosper financially, including lack of access to credit and limits on employment. President Donald Trump's...
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Leslie Wexner
Jay Laprete/AP
August 08, 2019 - 11:39 am
By Rob McLean, CNN Business (CNN) — L Brands CEO Leslie Wexner is accusing multimillionaire Jeffrey Epstein of misappropriating "vast sums of money" from him and his family, according to a letter to Wexner Foundation members. Wexner told members of his Ohio-based charitable group that he discovered...
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FedEx
John Minchillo/AP, file
August 07, 2019 - 3:27 pm
NEW YORK (AP) — FedEx will no longer make ground deliveries for Amazon as the online shopping giant builds its own fleet and becomes more of a threat to delivery companies. The announcement Wednesday comes two months after FedEx already terminated its air delivery contract with Amazon. FedEx said...
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In this July 16, 2019, file photo a pedestrian reflect in a store window at Barneys department store in New York.
Bebeto Matthews/AP Photo, File
August 06, 2019 - 8:44 am
NEW YORK (AP) — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online and real estate costs soar. The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but its secured $75...
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China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington.
Kin Cheung/AP Photo, File
August 05, 2019 - 4:48 pm
Be Paul Wiseman and Joe McDonald WASHINGTON (AP) — China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products. The moves, which came four days after Trump threatened more taxes on...
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Underwear brand Victoria's Secret has hired Brazilian model Valentina Sampaio -- the company's first openly transgender model -- Sampaio's agent has confirmed.
Gabriel Bouys/AFP/Getty Images
August 05, 2019 - 1:27 pm
Amy Woodyatt, CNN (CNN) -- Underwear brand Victoria's Secret has hired Brazilian model Valentina Sampaio -- the company's first openly transgender model -- Sampaio's agent has confirmed. The Brazilian model posted an image of herself to her Instagram account on Thursday, tagging a Victoria's Secret...
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Harland and Wolff, the 158-year-old shipyard in Northern Ireland that built the Titanic, is preparing for bankruptcy.
Liam McBurney/PA Images/Getty
August 05, 2019 - 11:17 am
By Chris Isidore, CNN Business (CNN) -- Harland and Wolff, the 158-year-old shipyard in Northern Ireland that built the Titanic, is preparing for bankruptcy. The company will ask a UK court to name an administrator who will oversee its restructuring, a Harland and Wolff spokesman said. The shipyard...
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Walmart, the nation's largest retailer and major seller of firearms, has been the scene of two recent shootings in El Paso, Texas, and Southaven, Mississippi. HLN's Caroline Woods reports.
CNN
August 05, 2019 - 8:29 am
By Clare Duffy, CNN Business (CNN) -- Last year, Dick's Sporting Goods ended the sale of semi-automatic, assault-style rifles and high-capacity magazines after a mass shooting in Parkland, Florida, killed 17 people. It also raised the age for purchasing weapons from 18 to 21. Walmart, despite a...
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