Business

She's 33 and the future of the butter business
CNN
November 21, 2018 - 11:11 am
By Channon Hodge (CNN) -- Amid the farm houses and barns dotting the Mad River Valley area of rural Vermont, five miles north of Sugarbush ski resort, Marisa Mauro is making butter. About 700 pounds of it every week. While she and her assistant pack up golden bricks of butter, they can stare out at...
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President Donald Trump speaks to the media before leaving the White House in Washington, Tuesday, Nov. 20, 2018, to travel to Florida, where he will spend Thanksgiving at Mar-a-Lago.
AP Photo/Manuel Balce Ceneta
November 21, 2018 - 10:16 am
By Deb Riechmann, Associated Press WASHINGTON (AP) — President Donald Trump on Wednesday publicly thanked Saudi Arabia for plunging oil prices amid criticism over his decision not to further punish the kingdom for the killing of U.S.-based columnist Jamal Khashoggi. Trump, who made clear in an...
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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...
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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...
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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...
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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...
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Dreamstime
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...
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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...
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An Evzio injector which issues audio instructions while in use
CBS NEWS
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...
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CNNMoney
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...
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