Business

Google's business is humming along despite mounting concerns over data privacy.
KIMIHIRO HOSHINO/AFP/Getty Image via CNN
April 23, 2018 - 9:30 pm
By Seth Fiegerman (CNN Money) — Google's business is humming along despite mounting concerns over data privacy. Alphabet, the parent company of Google, reported Monday that its profits hit $9.4 billion in the first three months of 2018, up from $5.4 billion a year earlier. The company's bottom line...
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Netflix CEO Reed Hastings' pay keeps climbing.
CNNMoney
April 23, 2018 - 4:40 pm
By Nathaniel Meyersohn (CNN Money) — Netflix CEO Reed Hastings' pay keeps climbing. Hastings, Netflix's co-founder, took home a total of $24.4 million last year, according to a company filing Monday. His pay rose 5 percent in 2017 from the year before. Most of Hastings' paycheck came from stock...
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The European Commission has launched an in-depth investigation into Apple's acquisition of music recognition app Shazam.
CNNMoney
April 23, 2018 - 4:31 pm
By Ivana Kottasová (CNN Money) — The European Commission has launched an in-depth investigation into Apple's acquisition of music recognition app Shazam, delaying one of the tech company's biggest deals by at least four months. "The Commission is concerned that the merger could reduce choice for...
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Toys R Us
Photo credit: Chris Pedota/NorthJersey.com via USA TODAY NETWORK
April 23, 2018 - 4:22 pm
By Chris Isidore NEW JERSEY (CNN Money) — The CEO who wants to save Toys "R" Us is not giving up. Isaac Larian, the billionaire toy executive behind Bratz dolls and Little Tikes toys, said he is still hopeful he can save 274 U.S.-based Toys "R" Us stores, even though his initial $675 million bid...
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Sears' CEO and majority owner Eddie Lampert is offering to buy the Kenmore brand and some other assets.
Sears Holdings via CNN
April 23, 2018 - 4:12 pm
By Chris Isidore ILLINOIS (CNN Money) — Sears' CEO and majority owner Eddie Lampert is offering to buy the Kenmore brand and some other assets from the troubled retailer. Lampert's offer letter to the company he controls says he's making the bid because the company hasn't been able to find another...
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Amazon disclosed that the median pay for its employees was just $28,446 in 2017.
Bloomberg via Getty Images/ CNN
April 23, 2018 - 4:07 pm
By Seth Fiegerman (CNN Money) — Just because you work at Amazon doesn't mean you're guaranteed a six-figure paycheck. Amazon disclosed in a filing Wednesday that the median pay for its employees was just $28,446 in 2017. Put another way: half of Amazon's employees earned less than that amount. The...
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Officials symbolically broke ground on luxury high rise 11 Cooper.
David Madden
David Madden
April 20, 2018 - 2:03 pm
CAMDEN, N.J. (KYW Newsradio) — Officials are symbolically breaking ground on what will be the first new construction of market-priced housing in the city in 25 years. The $48 million building along the waterfront, which will be called 11 Cooper, will house 156 luxury apartments, many with a view of...
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A California safety agency has launched an inspection of Tesla's Fremont car factory.
Getty Images via CNN
April 19, 2018 - 10:49 am
(CNN Money) -- A California safety agency has launched an inspection of Tesla's Fremont car factory. California's Occupational Safety and Health Administration (Cal-OSHA) opened the inspection on Tuesday. A spokesperson for the group would not specify exactly what triggered the action, only that it...
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Hard Rock Cafe
David Madden | KYW Newsradio
David Madden
April 18, 2018 - 2:06 pm
MANHATTAN, NY. (KYW Newsradio) -- The countdown is on for the opening of the Hard Rock Hotel Casino In Atlantic City. Circle June 28 on your calendar. That's when they'll cut the ribbon on the old Taj Mahal with a total renovation inside. The announcement came Wednesday from Manhattan and was...
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Getty Images via CNN
April 18, 2018 - 11:23 am
By Danielle Wiener-Bronner (CNN Money) -- Toys "R" Us has rejected a bid from the billionaire toymaker behind Bratz dolls and Little Tikes. Isaac Larian placed a $675 million bid for 200 of the remaining 735 Toys "R" Us locations in the United States, and almost all of more than 80 locations in...
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