Business

FedEx's robot uses sensors like those on a self-driving car to navigate sidewalks.
FedEx/CNN
February 27, 2019 - 6:23 pm
By Matt McFarland, CNN Business (CNN) -- FedEx is the latest company to join the delivery robot craze. The company said Wednesday it will test a six-wheeled, autonomous robot called the SameDay Bot in Memphis, Tenn. this summer and plans to expand to more cities. It's partnering with major brands,...
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In this April 21, 2018 photo provided by Rachel Wasser, Walmart greeter John Combs works at a Walmart store in Vancouver, Wash.
Rachel Wasser via AP
February 27, 2019 - 5:51 pm
By Michael Rubinkam, Associated Press (AP) — As Walmart moves to phase out its familiar blue-vested "greeters" at some 1,000 stores nationwide, disabled workers who fill many of those jobs say they're being ill-treated by a chain that styles itself as community-minded and inclusive. Walmart told...
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FILE - In this Feb. 28, 2018 photo, Matty Nev Luby holds her phone and logs into the lip-sync smartphone app Musical.ly, in Wethersfield, Conn.
Jessica Hill/AP Photo, File
February 27, 2019 - 5:43 pm
(AP) — The operator of a video-sharing app popular with teenagers agreed to pay $5.7 million to settle federal allegations it illegally collected personal information from children. The Federal Trade Commission said the Wednesday penalty against lip-syncing app Musical.ly, now known as TikTok, is...
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Starbucks Roastery
Matt Glac/Starbucks via CNN
February 27, 2019 - 8:48 am
By Danielle Wiener-Bronner, CNN Business (CNN) — Starbucks is about to open its biggest Roastery in the world in Tokyo. Roasteries — large, lavish Starbucks stores that feature specialty coffees and teas, on-premise roasters and massive coffee casks where freshly roasted beans are held — are a way...
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Dreamstime
Lynne Adkins
February 27, 2019 - 4:00 am
PHILADELPHIA (KYW Newsradio) — Shoe stores used to be full-service, with salesmen fitting kids for a new pair of kicks. Now, a couple of Philadelphia-based entrepreneurs can help you find the right size. About 70 percent of kids are wearing the wrong size shoe, according to Carolyn Horner, one of...
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FILE - In this March 6, 2018 file photo, Oprah Winfrey attends The Museum of Modern Art's David Rockefeller Award Luncheon honoring Oprah Winfrey at the Ziegfeld Ballroom in New York.
Charles Sykes/Invision/AP, File
February 26, 2019 - 8:59 pm
NEW YORK (AP) — Oprah Winfrey stands to see the value of her investment in Weight Watchers shrink after the company said it hasn't signed up as many subscribers as it hoped this winter and expects its profits to suffer. Weight Watchers International's stock tumbled more than 30 percent in after-...
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Tesla CEO Elon Musk
Kiichiro Sato/AP, file
February 26, 2019 - 1:38 pm
DETROIT (AP) — Tesla CEO Elon Musk has until March 11 to explain to a federal judge in New York why he shouldn't be held in contempt of court . U.S. District Judge Alison Nathan issued an order Tuesday after federal securities regulators asked the court to hold Musk in contempt for violating the...
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The logos for Time Warner and AT&T appear above alternate trading posts on the floor of the New York Stock Exchange.
Richard Drew/AP, file
February 26, 2019 - 1:28 pm
WASHINGTON (AP) — A federal appeals court on Tuesday cleared AT&T's takeover of Time Warner, rejecting the Trump administration's claims that the $81 billion deal will harm consumers and reduce competition in the TV industry. The ruling by the U.S. Court of Appeals in Washington came Tuesday in...
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General Electric completed the spinoff off its century-old railroad division on Monday. The Erie, PA locomotive factory is facing its first open-ended strike since 1969-1970.
UE via CNN
February 26, 2019 - 12:30 pm
By Matt Egan, CNN Business (CNN) -- General Electric just spun off its century-old railroad division to Wabtec. Factory workers immediately went on strike to protest the new owner's push for mandatory overtime and pay cuts for new hires. About 1,700 union workers at Wabtec's newly acquired...
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Tesla CEO Elon Musk
Kiichiro Sato/AP, file
February 25, 2019 - 9:14 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk's tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead investors. The latest dust-up emerged late Monday when the Securities and Exchange Commission asked a federal court...
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