Category Archives: CNN – Business

More Americans are behind on their car loans than ever before

More Americans are behind on their car loans than ever before

Americans are falling behind on car loan payments in record numbers. More than 7 million car loans were past due by at least 90 days in the fourth quarter, according to data released this week from the New York Federal Reserve. That’s 1.3 million more past-due loans than during the previous peak in 2011, which…MORE

Carlos Ghosn won’t get his $34 million payout from Renault

Carlos Ghosn won’t get his $34 million payout from Renault

Carlos Ghosn won’t be getting a golden parachute from Renault. The French carmaker said Wednesday that it would not be paying its former CEO and chairman roughly €30 million ($34 million) he was due in deferred compensation and other benefits. Ghosn resigned from Renault last month after he was charged in Japan with financial misconduct…MORE

Tariffs prompt US Steel to restart work on Alabama mill

Tariffs prompt US Steel to restart work on Alabama mill

US Steel says it is restarting construction on an Alabama mill to take advantage of higher steel prices. The company had stopped work on a furnace at the plant in 2015 because of unfavorable market conditions. But US Steel said it resumed construction because of the Trump administration’s trade policies, as well as incentives from…MORE

Nissan cuts profit forecast in its first report since ousting Carlos Ghosn

Nissan cuts profit forecast in its first report since ousting Carlos Ghosn

Life after Carlos Ghosn is off to a rocky start for Nissan. The Japanese automaker slashed its annual profit and sales forecasts on Tuesday in its first earnings report since the arrest and ouster of Ghosn, who ran the company for nearly two decades. Nissan now expects to sell 5.6 million vehicles worldwide in the…MORE

Why flowers get so expensive on Valentine’s Day

Why flowers get so expensive on Valentine’s Day

At Kroger, a dozen roses at stores usually cost around $10. During the Valentine’s Day stretch, they go for double. Why are flowers so expensive around Valentine’s Day? The rush for flowers creates international logistics bottlenecks and elevated transportation costs for a limited supply of perishable flowers. “It’s an old economic adage. Supply and demand,”…MORE

Climate groups threaten lawsuit to force Shell to ditch oil

Climate groups threaten lawsuit to force Shell to ditch oil

Climate activists are preparing legal action aimed at forcing Royal Dutch Shell to exit the oil business. A coalition of environmental groups in the Netherlands said Tuesday that they will hand over a court summons on April 5 if Shell does not change its business model to comply with the Paris climate accord. The groups…MORE

Toys ‘R’ Us wants to return to the United States

Toys ‘R’ Us wants to return to the United States

The new owners of Toys “R” Us want to bring the brand back to the United States. But they can’t say when it will happen. The troubled toy company found another life last month as Tru Kids Brands, roughly half a year after Toys “R” Us closed the last of its stores in the United…MORE

60% of UK trade is still exposed to a Brexit shock

60% of UK trade is still exposed to a Brexit shock

If nothing changes in the next 45 days, the United Kingdom will crash out of the European Union with as much as 60% of its trade at risk of disruption. Leaving the European Union without a deal means losing preferential access to the bloc’s vast market, putting nearly half of UK trade at risk from…MORE

Siemens CEO on Brexit: Nobody invests into uncertainty

Siemens CEO on Brexit: Nobody invests into uncertainty

The CEO of Siemens says the United Kingdom must provide clarity on trade or risk further declines in investment. “Nobody puts money [into] uncertainty. That’s not the way it works,” Siemens boss Joe Kaeser told CNN Business’ Emerging Markets Editor John Defterios on Monday. The United Kingdom is scheduled to leave the European Union on…MORE