Corporate earnings don’t look great. But the drought may be over soon
It’s report card season for Corporate America. Companies are starting to release their earnings for the fourth quarter of last year, and so far…
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Samsung heir Jay Y. Lee sentenced to 2 1/2 years in prison for bribery and embezzlement
Samsung vice chairman Lee Jae-yong is going back to prison, casting the future of leadership at the massive tech company in doubt. The Seoul High…
Continue Reading It’s 53% alcohol and tastes like fire. Here’s how this liquor brand took over China
When Costco opened its first store in China in 2019, it wasn’t just the hot rotisserie chickens and discounted Birkin bags that lured frenzied…
Continue Reading French politics kills Canadian bid to create one of the world’s top supermarket groups
The French government has put an abrupt end to a $20 billion takeover of the country’s biggest retailer by Canada’s largest convenience…
Continue Reading Here’s what’s open and closed for Martin Luther King Jr. Day 2021
Martin Luther King Jr. Day is a national holiday, and with it comes some business closings. The main entities closed for the day will be corporate…
Continue Reading Jamie Lynn Spears blames Elon Musk and Tesla for killing her cats
Jamie Lynn Spears called Tesla “a secret cat-killer” and told CEO Elon Musk that he owes her a couple new feline friends. The actress,…
Continue Reading Oscar Mayer hiring team to drive its Wienermobile across the US
Frankly, this could very well be someone’s dream job. Kraft Heinz is looking to hire a new team of Hotdoggers (yes, that’s what the job…
Continue Reading Chris Cramer, veteran journalist and pioneering former CNN executive, dies aged 73
Chris Cramer, the passionate and forthright leader at the helm of CNN International for 11 years, has died, aged 73. He was an early champion of…
Continue Reading Oil giant splits from powerful lobbying group over climate change
The American Petroleum Institute, the nation’s largest and most powerful oil lobby, is losing one of its biggest members over a disagreement…
Continue Reading Analysis: TV news is realigning, with Fox’s ratings sagging and CNN’s soaring
A realignment in TV news is under way. Fox News Channel’s ratings have sagged ever since Election Day. And CNN’s ratings have surged to…
Continue Reading NRA files for bankruptcy
The National Rifle Association of America, the nation’s foremost gun lobby, has filed for bankruptcy, according to court documents filed Friday…
Continue Reading James Murdoch criticizes ‘media property owners’ who have ‘unleashed insidious’ forces with election denialism claims
James Murdoch, the youngest son of billionaire media mogul Rupert Murdoch, assailed “media property owners” and outlets that have…
Continue Reading The online shopping exec Walmart hired to take on Amazon is leaving
The executive hired to help boost Walmart’s e-commerce business to compete with Amazon is leaving the company. Marc Lore, who joined the…
Continue Reading Vaccination megasites pop up in empty malls
Now that Covid-19 vaccination efforts are ramping up, local health officials are on the hunt for locations that can quickly be converted into…
Continue Reading Wells Fargo can’t seem to escape its troubled past
Wells Fargo is still being haunted by its history of ripping off customers. More than four years after the Wells Fargo fake-accounts scandal erupted,…
Continue Reading Late night hosts mock Trump’s second impeachment: ‘I wonder if he’s tired of all the winning yet?’
Stephen Colbert, Jimmy Kimmel and other late-night TV hosts got a second chance to make fun of an impeachment of President Donald Trump. The pair…
Continue Reading No alcohol and no checked guns: Airlines tighten security for Inauguration Day
Airlines and the Transportation Security Administration are stepping up security for flights to and from Washington, DC, amid threats of additional…
Continue Reading Retail sales decline for third straight month
US retail sales dropped last month, the Commerce Department said Friday, marking the third straight month without any growth. Retail sales fell 0.7%…
Continue Reading Even $1,400 checks aren’t exciting Wall Street
News that President-elect Joe Biden is asking Congress to pass a $1.9 trillion stimulus package would normally give markets a big boost. Not this…
Continue Reading JPMorgan Chase just reported a record quarterly profit. But its CEO is still nervous
The economy may not have fully recovered yet, but that’s no problem for America’s biggest bank. JPMorgan Chase reported a record profit…
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