Category Archives: CNN – Business

The week that Cathay Pacific surrendered to China

The week that Cathay Pacific surrendered to China

One of the world’s top airlines has discovered just how dangerous Hong Kong’s pro-democracy protests are becoming for companies based in the city and doing business with mainland China. The stunning resignations late Friday of Cathay Pacific’s CEO and chief commercial officer came at the end of a tumultuous couple of weeks for the airline.…MORE

Kroger is now selling vegan eggs

Kroger is now selling vegan eggs

The plant-based trend is about more than burgers: Plant-based eggs are coming to Kroger. The major grocery chain is already stocking Just Egg, made with mung beans, in some of its locations. Over the coming weeks, the product will be offered in about 2,100 Kroger-owned stores, including Kroger, Ralphs and Fred Meyer. Customers will be…MORE

Madoff whistleblower says GE is ‘one recession away from Chapter 11’

Madoff whistleblower says GE is ‘one recession away from Chapter 11’

Harry Markopolos, the accounting investigator who accused General Electric of massive fraud on Thursday, is warning that the company could be in serious financial trouble — and even go bankrupt — if the economy turns south. “GE is one recession away from Chapter 11. Their balance sheet is in tatters,” Markopolos told Julia Chatterley on…MORE

8 out of 10 people have cried at work, so just know you’re not alone

8 out of 10 people have cried at work, so just know you’re not alone

According to a new study from job search company Monster, 8 out of 10 people have cried at work, which means the other two are either lying or wait to have their existential crises in the parking lot. Why are so many darkened conference rooms being stained with the secret tears of a disconsolate workforce?…MORE

How the Washington Post has changed under Jeff Bezos

How the Washington Post has changed under Jeff Bezos

Amazon chief Jeff Bezos bought the Washington Post in 2013, and within three years the paper had doubled its web traffic and become profitable — an impressive feat for a media company that struggled in the wake of the financial crisis. The swift turnaround is impressive, to be sure, but what makes Bezos different from…MORE

Deere struggles as farmers fret about the trade war

Deere struggles as farmers fret about the trade war

American farmers are nervous about the US trade war with China. That’s a big problem for Deere. The agricultural equipment company reported earnings and sales that missed Wall Street forecasts Friday, and Deere lowered its outlook. Overall revenue fell 3% from a year ago. The results “reflected the high degree of uncertainty that continues to…MORE

When Bezos met Dimon: Behind their powerful friendship

When Bezos met Dimon: Behind their powerful friendship

Jamie Dimon had recently been fired from Citigroup and had visions of living on a houseboat when he flew to Seattle after receiving a call from an Amazon headhunter in 1997. On that trip, Dimon had lunch with Amazon founder and CEO Jeff Bezos. That meeting became the start to a decades-long friendship that has…MORE

Dow jumps nearly 310 points to cap off a crazy week

Dow jumps nearly 310 points to cap off a crazy week

The Dow shot higher by 307 points Friday, as investors capped off a wild week for Wall Street on a high note. US stocks rose after bond yields edged up and Europe and China announced plans for additional stimulus to shore up their economies in the wake of a global trade war. The Dow finished…MORE