Business

Helium is the second-most abundant element in the galaxy, yet Party City is struggling to find enough of the gas to fill balloons.
Michael Nagle/Bloomberg via Getty Images
May 10, 2019 - 12:30 pm
By David Goldman (CNN) — Helium is the second-most abundant element in the galaxy, yet Party City is struggling to find enough of the gas to fill balloons. Balloons are big business for Party City. The company's mylar balloon sales fell 8% last quarter, dragging overall sales down 1.4% at Party...
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The former Revel Casino Hotel in Atlantic City.
Wayne Parry/AP
May 10, 2019 - 7:51 am
ATLANTIC CITY, N.J. (AP) — New Jersey's beaches, casinos, forests and cities attracted tourists who spent nearly $45 billion in 2018. Democratic Gov. Phil Murphy said tourism spending in New Jersey has increased for nine years in a row. Speaking at a tourism conference Thursday in Trenton, Murphy...
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A barge pushes a container ship to the dockyard in Qingdao.
Chinatopix via AP
May 10, 2019 - 7:31 am
BEIJING (AP) — President Donald Trump's latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade tensions. The Trump administration raised duties on $200 billion of Chinese imports to 25% from...
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Woodstock
Stephen Chernin/AP, file
May 10, 2019 - 6:50 am
NEW YORK (AP) — A dispute over the future of the Woodstock 50 festival has spiraled into a court fight, with organizers suing and at least temporarily silencing a former investor that sought to call off the anniversary show. Woodstock 50 organizers are accusing ex-partner Dentsu Aegis Network of...
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The Boston Beer Company and Delaware-based brewer Dogfish Head Craft Brewery said Thursday that they plan to merge the companies in a deal valued at more than $300 million.
@dogfishbeer via CNN
May 09, 2019 - 9:23 pm
By Rob McLean, CNN Business (CNN) — One of the biggest U.S. craft brewing companies is bringing another beer heavyweight into its fold. The Boston Beer Company — makers of the Samuel Adams beer brand and the second largest craft brewer in the United States — and Delaware-based brewer Dogfish Head...
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Nike officials demonstrate the company's foot-scanning tool on its app that will measure and remember the length, width and other dimensions of customers' feet after they point a smartphone camera to their toes, Wednesday April 24, 2019, in New York.
Bebeto Matthews/AP Photo
May 09, 2019 - 7:39 pm
NEW YORK (AP) — Nike wants to meet your feet. The sneaker seller will add a foot-scanning tool on its app this summer that will measure the length, width and other dimensions of customers' feet after they point a smartphone camera to their toes. The app will then tell shoppers what size to buy each...
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Jeff Bezos speaks in front of a model of Blue Origin's Blue Moon lunar lander, Thursday, May 9, 2019, in Washington.
Patrick Semansky/AP Photo
May 09, 2019 - 6:14 pm
WASHINGTON (AP) — Amazon tycoon Jeff Bezos said Thursday he's going to send a spaceship to the moon, joining a resurgence of lunar interest half a century after people first set foot there. Bezos said his space company Blue Origin will land a robotic ship the size of a small house, capable of...
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Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. Uber's shares begin trading on the New York Stock Exchange, Friday, May 10, 2019.
FILE - This March 20, 2018, file photo shows the Uber app on an iPad in Baltimore. Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. Uber's shares begin trading on the New York Stock Exchange, Friday, May 10, 2019. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 5:40 pm
SAN FRANCISCO (AP) — Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. The world's leading ride-hailing service set the stage for its long-awaited arrival on the stock market by pricing its initial public offering at $45 per share late...
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Waving flag of North Korea
Hüseyn Qulamov/Getty Images
May 09, 2019 - 1:01 pm
By Eric Tucker, Associated Press WASHINGTON (AP) — The Trump administration says it has seized a North Korean cargo ship that U.S. officials say was used to transport coal in violation of international sanctions. The Justice Department announced the seizure Thursday of the Wise Honest. The ship was...
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In this Jan. 9, 2018, file photo, people attend CES International in Las Vegas.
John Locher/AP Photo, File
May 09, 2019 - 11:17 am
ARLINGTON, Va. (AP) — A trade group has reinstated an award to the makers of a robotic sex toy for women that it had taken away four months ago for not keeping with its image. The Consumer Technology Association on Wednesday restored the Consumer Electronics Show's 2019 Innovation Award in the...
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