Business

lensblur/Getty Images
John McDevitt
May 29, 2019 - 4:04 pm
NEW JERSEY (KYW Newsradio) — New Jersey's Division of Alcoholic Beverage Control (ABC) issued a special ruling for breweries on Tuesday, addressing industry concerns. If visitors wanted to drink beer in a tasting room, they used to be required to take a tour of the brewery every time. Now, you just...
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Transportation Secretary Elaine Chao has continued to hold stock in a company she said she would divest from a year prior, The Wall Street Journal reported Tuesday.
Alex Wong/Getty Images via CNN
May 28, 2019 - 4:25 pm
By Eli Watkins, CNN (CNN) - - Transportation Secretary Elaine Chao has continued to hold stock in a company she said she would divest from a year prior, The Wall Street Journal reported Tuesday. According to the Journal's report on Chao's financial disclosure forms and related documents, the Trump...
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Fiat logo
Gene J. Puskar/AP, file
May 27, 2019 - 11:03 am
PARIS (AP) — Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles. The merged company would reshape the global industry: it would make some 8.7 million...
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It treats a rare condition called spinal muscular atrophy, or SMA, which strikes about 400 babies born in the U.S. each year.
Novartis via AP
May 24, 2019 - 5:31 pm
(AP) — U.S. regulators have approved the most expensive medicine ever, for a rare disorder that destroys a baby's muscle control and kills nearly all of those with the most common type of the disease within a couple of years. The treatment is priced at $2.125 million. Out-of-pocket costs for...
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Facebook recently announced it would dramatically increase its headcount in London and Dublin, saying the newly hired talent would work on WhatsApp payments.
Justin Sullivan/Getty Images via CNN
May 24, 2019 - 12:51 pm
By Ivana Kottasová, CNN Business (CNN) -- Facebook is reportedly preparing to launch a cryptocurrency as part of its global push into payments. The BBC reported Friday that Facebook wants to start testing "GlobalCoin" by the end of this year. The Financial Times said the company had even held talks...
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Chipotle dealt with a major health crisis that could have led to permanent damage to the restaurant chain's reputation and stock price.
Chipotle via CNN
May 24, 2019 - 11:24 am
By Paul R. La Monica, CNN Business (CNN) - - Chipotle dealt with a major health crisis that could have led to permanent damage to the restaurant chain's reputation and stock price. But customers have clearly forgiven (and perhaps forgotten) about the E. coli outbreak of late 2015 and early 2016. So...
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A man looks at his smartphone as he walks past an electronics shop advertising phones from Huawei and Apple in Beijing, Friday, May 24, 2019.
Mark Schiefelbein/AP Photo
May 24, 2019 - 8:55 am
By Christopher Bodeen, Associated Press BEIJING (AP) — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There...
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President Donald Trump and Attorney General William Barr arrive for a Public Safety Officer Medal of Valor presentation ceremony in the East Room of the White House in Washington, Wednesday, May 22, 2019.
Andrew Harnik/AP Photo
May 24, 2019 - 7:54 am
By Zeke Miller, Associated Press WASHINGTON (AP) — President Donald Trump has directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation of the origins of the multiyear probe of whether his 2016 campaign colluded with Russia. The...
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A deepening trade war between the world's two largest economies is bad news for the oil business.
Getty Images via CNN
May 23, 2019 - 4:15 pm
By Matt Egan, CNN Business (CNN) - - A deepening trade war between the world's two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets...
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"Aladdin"
Disney via AP
May 23, 2019 - 11:59 am
LOS ANGELES (AP) — Rotten Tomatoes is taking another step to verify that users posting a rating of a movie have actually seen it. The review aggregator says Thursday that users who have purchased tickets on Fandango will get a verified badge next to their review, beginning with films out this...
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