Business

Mark Zuckerberg’s Net Worth Down $5B

FACEBOOK SHARES TOOK A BIG HIT MONDAY, SHAVING ABOUT $34 BILLION OFF THE VALUE OF THE COMPANY.

1/1Facebook shares took a big hit Monday, shaving about $34 billion off the value of the company. Show Caption Hide Caption (CNN) – Facebook’s Mark Zuckerberg is facing a big loss to his net worth amid a data controversy. But let’s be real people; the guy is still loaded. Facebook Inc. shares tumbled on news that data firm Cambridge Analytica,…

Claire’s Jewelry Chain Files For Bankruptcy

CLAIRE'S FILES FOR CHAPTER 11 BANKRUPTCY PROTECTION

1/1Claire’s files for Chapter 11 bankruptcy protection Show Caption Hide Caption (CNN) – The place where millions of girls first got their ears pierced has declared bankruptcy. Claire’s filed for Chapter 11 protection Monday morning. The tween jewelry chain says it will reduce its debt by $1.9 billion. During the process the company will continue to operate its approximately 1,600…

Facebook Doing Review Due To Cambridge Analytica Issue

FACEBOOK INVESTIGATING IF CAMBRIDGE ANALYTICA DATA STILL EXISTS

1/1Facebook investigating if Cambridge Analytica data still exists Show Caption Hide Caption (CNN) – Facebook is investigating how user data was handled by Cambridge Analytica, a controversial data firm that worked for Donald Trump’s presidential campaign. The New York Times and the Observer Newspaper reported Saturday that Cambridge Analytica harvested information from 50 million Facebook users. The allegations are re-igniting…

Taco Bell Expands Employee Education Benefits

TACO BELL EXPANDING EDUCATION BENEFIT PROGRAM TO ALL 200,000 WORKERS AT 7,000 RESTAURANTS IN U.S.

1/1Taco Bell expanding education benefit program to all 200,000 workers at 7,000 restaurants in U.S. Show Caption Hide Caption (CNN) – Taco Bell is expanding its employee education benefits. The company, owned by Yum! brands, is expanding a pilot program to offer education help to all of its more than 200,000 workers at 7,000 restaurants in the U.S. The pilot…

Toys R Us to Close Or Sell All U.S. Stores

ICONIC TOY RETAILER TOYS "R" US TO CLOSE OR SELL ALL OF ITS REMAINING U.S. STORES

1/1Iconic toy retailer Toys “R” Us to close or sell all of its remaining U.S. stores. Show Caption Hide Caption (CNN) – It’s the end of the road for Toys R Us. A source familiar with the matter tells CNN money that the iconic toy retailer will close or sell its remaining U.S. stores. The news comes six months after…

Walmart Online Grocery Delivery Coming to 100 Cities

WALMART IS BRINGING ONLINE GROCERY DELIVERY TO 100 CITIES

1/1Walmart is bringing online grocery delivery to 100 cities. Show Caption Hide Caption (CNN) – Walmart, America’s largest seller of groceries, is planning to deliver supermarket items to 40% of the nation’s homes by the end of the year. Right now the deliver option is only available in six markets, with expansion to 100 by the end of 2018. Walmart’s…

Study: Legal Marijuana is A Boom for the Economy

MARIJUANA LEGAL WEED MONEY BUSINESS CONSUMER

1/1Marijuana Legal Weed Money Business Consumer Show Caption Hide Caption (CNN) – Legalizing marijuana can spark up local economies. That’s according to a report from the Colorado State University-Pueblo Institute of Cannabis Research. Those involved with the data say taxing and regulating pot added nearly $60-million to the economy in Pueblo County, Colorado. Researchers also say legal pot led to…

Former Microsoft, GM CFO May Replace Gary Cohn

FORMER MICROSOFT AND GM CFO IN MIX TO REPLACE GARY COHN

1/1Former Microsoft and GM CFO in mix to replace Gary Cohn Show Caption Hide Caption (CNN) – President Trump needs a new director for his National Economic Council after Gary Cohn resigned. One candidate thought to be in the mix may really please investors: Chris Liddell. He served as chief financial officer at both GM and Microsoft Liddell, like the…

Ford Wants in on The Drone Business

FORD WANTS IN ON THE DRONE BUSINESS

1/1Ford wants in on the drone business Show Caption Hide Caption (CNN) – More than a century after ford began selling cars, the automaker now wants to take to the sky. In a Wednesday blog post, the company revealed that it has a team in Silicon Valley researching drone development. It’s all part of Ford’s push to transition into a…

Volkswagen to Stop Burning Coal to Build Cars

VOLKSWAGEN WILL STOP BURNING COAL TO BUILD CARS

1/1Volkswagen will stop burning coal to build cars Show Caption Hide Caption (CNN) – Thursday Volkswagen announced a move to combat climate change not in how its cars use fuel, but how the company makes its cars. Europe’s biggest automaker said it will stop using coal to power its assembly plant in Wolfsburg, Germany. The company will spend $494 million…