Category Archives: CNN – Business

Dollar stores are everywhere. That’s a problem for poor Americans

Dollar stores are everywhere. That’s a problem for poor Americans

As dollar stores sweep across America, they are facing growing scrutiny from opponents who argue that discount chains stifle local competition and limit poor communities’ access to healthy food. Dollar stores have never been more popular. Yet a wave of cities and towns have passed laws curbing the expansion of Dollar General and Dollar Tree,…MORE

AB InBev sells Australian business after ditching huge Asian IPO

AB InBev sells Australian business after ditching huge Asian IPO

The world’s biggest brewer is selling its Australian business just days after calling off what would have been the biggest initial public offering of 2019. Anheuser-Busch InBev will unload its Carlton & United Breweries unit to Japanese beer giant Asahi in a deal worth 16 billion Australian dollars (about $11.3 billion). It was announced on…MORE

Boeing’s 737 hit; Iran tensions and oil; Microsoft soars

Boeing’s 737 hit; Iran tensions and oil; Microsoft soars

1. Boeing crisis: Boeing’s 737 Max crisis is hitting its bottom line. The company said Thursday that it will record a $5 billion after-tax charge in the second quarter, citing potential concessions to customers for disruptions and delivery delays. It’s the fullest account from Boeing to date of the cost of grounding its best-selling jet.…MORE

Boeing will take a $5 billion charge for its 737 Max troubles

Boeing will take a $5 billion charge for its 737 Max troubles

Boeing will take a roughly $5 billion hit this quarter because of the 737 Max crisis. The company said Thursday that it will record a $4.9 billion after-tax charge in the second quarter “in connection with an estimate of potential concessions and other considerations to customers for disruptions related to the 737 Max grounding and…MORE

Netflix: The Straight Pride Parade ‘is about hate — not pride’

Netflix: The Straight Pride Parade ‘is about hate — not pride’

Netflix thinks the Straight Pride Parade “is about hate — not pride.” The company had a strong and swift response after organizers of a Straight Pride Parade included a logo of Netflix on their website about potential corporate sponsors. “You should know that we’re unafraid of bullies,” Netflix wrote in an email to the group…MORE

Southwest extends 737 Max flight cancellations through November 2

Southwest extends 737 Max flight cancellations through November 2

Southwest Airlines is the latest carrier to extend flight cancellations into November because of the Boeing 737 Max grounding. The Dallas-based airline announced Thursday it has removed flights that use the grounded aircraft through November 2. Southwest has 34 of the 737 Max planes in its fleet, the most of any US airline. Southwest has…MORE

Toys ‘R’ Us is coming back to the United States

Toys ‘R’ Us is coming back to the United States

Toys “R” Us’ long-awaited comeback is finally official. Its owner, Tru Kids Brands, announced Thursday that Toys “R” Us is being reborn in the United States with two new stores. The return comes more than a year after the chain collapsed, resulting in the closure of all 700 of its American stores. The new stores…MORE

This Fed member wanted a rate cut in June. Here’s why

This Fed member wanted a rate cut in June. Here’s why

The market widely expects the Federal Reserve to cut interest rates at its next meeting on July 31. But that’s a month too late, according to St. Louis Federal Reserve president James Bullard. Bullard, speaking in an exclusive interview with CNN’s Julia Chatterley on the First Move show Thursday, said the Fed should cut rates…MORE

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