Business

Coca-Cola to Raise Prices Due to Tariffs

COCA-COLA IS JACKING UP PRICES ON CUSTOMERS TO HELP PAY FOR PRESIDENT TRUMP'S TARIFFS ON METALS

1/1Coca-Cola is jacking up prices on customers to help pay for President Trump’s tariffs on metals Show Caption Hide Caption (CNN) – Soft drink giant Coca-Cola is raising its prices in response to the impact of president Trump’s recent tariffs. Coke told the Wall Street Journal the price hike is meant to compensate for increases in delivery costs and metal…

Southwest Fatal Accident Cost Airline $100 Million

SOUTHWEST'S FATAL ACCIDENT COST IT $100 MILLION

1/1Southwest’s fatal accident cost it $100 million Show Caption Hide Caption (CNN) – Southwest Airlines says the mid-air accident in April that caused a passenger’s death has cost the airline $100-million dollars worth of business. Debris from a failed engine blew out a window on the jet, nearly sucking passenger Jennifer Riordan out of the plane. Other passengers pulled her…

Mattel Laying Off 2k+ Workers

TOY COMPANY MATTEL ANNOUNCES IT WILL LAY OFF 22% OF NON-MANUFACTURING WORKFORCE; STOCK DROPS EIGHT PERCENT

1/1Toy company Mattel announces it will lay off 22 percent of non-manufacturing workforce; stock drops eight percent Show Caption Hide Caption (CNN) – After a dismal quarter,  Mattel announced it is laying off 22% or 2,200 employees. The toy manufacturing company says the people fired will be part of its non-manufacturing workforce. The job cuts come just months after Mattel…

Facebook Ad Sales, Users Grow Despite Scandal

FACEBOOK AD SALES, USER NUMBERS GROW IN SECOND QUARTER DESPITE CAMBRIDGE ANALYTICA DATA SCANDAL

1/1Facebook ad sales, user numbers grow in second quarter despite Cambridge Analytica data scandal Show Caption Hide Caption (CNN) – Facebook’s ad sales and user numbers are going up. The company reported its second quarter earnings results after the stock market closing bell Wednesday. News that data firm Cambridge Analytica accessed information from as many as 87 million Facebook users…

Chick-Fil-A Testing Meal Kits in August

CHICK-FIL-A TO BEGIN TESTING COOK-AT-HOME MEALS OUT OF 150 ATLANTA-BASED LOCATIONS

1/1Chick-fil-A to begin testing cook-at-home meals out of 150 Atlanta-based locations Show Caption Hide Caption (CNN) – One fast food restaurant is expanding its menu,  but you’ll have to do the actual cooking. Chick-Fil-A announced Monday that it will become the first quick service restaurant to offer full meal kits. The cook-at-home program will provide fresh pre-measured ingredients to customers…

Uber Loses Another Top Executive

UBER LOSES ANOTHER TOP EXECUTIVE

1/1Uber loses another top executive Show Caption Hide Caption (CNN) – Another Uber exec is leaving. Prabir Adarkar, the company’s former head of global finance, is headed for Doordash. Adarkar joined Uber in 2015 to head up forecasting and financial planning. His departure comes as Uber continues searching for a chief financial officer. The company hasn’t had one since Brent…

Domino’s Wants to Open 2,350 More Stores

DOMINO'S TO OPEN HUNDREDS OF NEW LOCATIONS ACROSS THE U.S.

1/1Domino’s to open hundreds of new locations across the U.S. Show Caption Hide Caption (CNN) – Domino’s Pizza wants to open more than 2,000 new stores across the U.S. CEO Richard Allison disclosed the plan Thursday. The company is investing between $115 and$ 120-milllion to prepare for the expansion. There are currently more than 5,000 Domino’s locations in the U.S….

Disney Wins: Comcast Drops 21st Century Fox Bid

DISNEY WINS: COMCAST DROPS ITS BID FOR 21ST CENTURY FOX

1/1Disney wins: Comcast drops its bid for 21st Century Fox Show Caption Hide Caption (CNN) – Disney scores a big Hollywood win. Comcast announced Thursday it will drop its fight with Disney over acquiring 21st Century Fox assets. Comcast had bid $65-billion for Fox’s movie studio, Fox’s regional sports networks and cable channels like FX and National Geographic. Disney’s most…

Justice Dept Wants Expedited AT&T Appeal

AFTER THE AT&T/TIME WARNER MERGER WAS APPROVED, THE JUSTICE DEPARTMENT IS NOW ASKING FOR ITS APPEAL OF THE DECISION TO BE EXPEDITED

1/1After the AT&T/Time Warner merger was approved, the Justice Department is now asking for its appeal of the decision to be expedited Show Caption Hide Caption (CNN) – The Justice Department is asking the D.C. Circuit Court of Appeals to expedite its appeal of the merger of AT&T and Time Warner. The Department of Justice made the request Wednesday, saying…

Amazon Prime Day Biggest in Company History

AMAZON SAYS THEIR PRIME DAY SALE WAS THE BIGGEST EVENT IN THE COMPANY'S HISTORY

1/1Amazon says their Prime Day Sale was the biggest event in the company’s history. Show Caption Hide Caption (CNN) – Despite some technical glitches, Amazon Prime Day was a big success. The online retailer says Prime members bought more than 100-million products during the sale. It calls this year’s Prime Day the biggest shopping event in its history with sales…