Business News

February 25, 2020 - 4:49 pm
(NEW YORK) -- It's an all-too-common complaint among families who fly: pay an additional charge to make sure you children are seated with you or run the risk of having even babies and toddlers seated among strangers. The practice of paying for an advance seat assignment used to apply only to low-...
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February 25, 2020 - 4:45 pm
(NEW YORK) -- The Dow Jones Industrial Average plunged for the second straight day, tumbling 879 points, as health officials warned the novel coronavirus likely will spread throughout communities in the U.S. The Dow fell more than 3% when trading closed, with the S&P 500 and Nasdaq also...
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Rodin Eckenroth/FilmMagic/Getty Images
February 25, 2020 - 4:38 pm
(NEW YORK) -- Robert "Bob" Iger, the longtime leader of the Walt Disney Company, is stepping down as CEO effective immediately, the company announced Tuesday. Iger, who has led the company since 2005, will stay on as executive chairman in charge "creative endeavors" until his contract ends on Dec...
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February 25, 2020 - 12:48 pm
(NEW YORK) -- Thirty-eight states have joined Connecticut's investigation into Juul over the company's health claims and marketing tactics, which officials said are geared toward minors. The probe is considering company's marketing and sales practices, claims regarding nicotine content and...
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February 25, 2020 - 11:50 am
(NEW YORK) -- GIF, GIPHY, Jif. Chances are you read those three terms differently, but you know exactly how you think it should sound. Jif and GIPHY have now teamed up to try and put a lid on the long-running pronunciation debate when it comes to the semantics between a hard g and a soft g. "Jif,...
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February 25, 2020 - 11:35 am
(SEATTLE) -- Amazon's first Go Grocery store will open its doors in Seattle on Tuesday, welcoming shoppers to walk in, grab what they need and walk out without ever having to interact with a cashier. The e-commerce giant that has already shaken up the way people shop for pretty much everything is...
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In this Monday, Jan. 27, 2020 photo a passer-by, below left, walks toward an entrance to a Home Depot store location, in Boston. Home Depot Inc. reports financial results on Tuesday, Feb. 25. (AP Photo/Steven Senne)
February 25, 2020 - 8:20 am
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer also boosted its quarterly dividend by 10%. Shares rose 3% in premarket trading Tuesday. “Home Depot’s numbers are important as they, perhaps more than those of other...
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February 25, 2020 - 7:31 am
(NEW YORK) -- The Transportation Security Administration has banned its employees from using TikTok to create content for the agency after facing pressure from lawmakers over the social media platform's ties to China. The announcement comes after Sen. Chuck Schumer, D-NY, sent a letter blasting the...
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February 24, 2020 - 5:42 pm
(NEW YORK) -- Amazon's new series Hunters has come under fire from the Auschwitz Memorial for a scene that depicts a fictionalized portrayal of the Holocaust. The remembrance group blasts the scene as "dangerous," adding that it "welcomes future deniers." The drama series, starring Al Pacino,...
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February 24, 2020 - 8:44 am
(NEW YORK) — Intuit, known for making the tax software TurboTax, may soon be the new owner of Credit Karma. Citing people familiar with the matter, The Wall Street Journal reports Intuit is nearing a deal to purchase the personal finance company for approximately $7 billion in cash and stock. So...
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