Business

FTC Sues Walmart for Scammers' Use of Money Transfer Unit

FTC Sues Walmart for Scammers' Use of Money Transfer Unit

BUSINESS | By Anne D'Innocenzio | Jun 29, 2022

The Federal Trade Commission said Tuesday that it has sued Walmart for allegedly allowing its money transfer services to be used by scam artists who stole "hundreds of millions of dollars" from customers.

New York's 1st Legal Marijuana Crop Sprouts Under the Sun

New York's 1st Legal Marijuana Crop Sprouts Under the Sun

BUSINESS | By Michael Hall | Jun 29, 2022

In a novel move, New York gave 203 hemp growers first shot at cultivating marijuana destined for legal sales, which could start by the end of the year. Big indoor growers are expected to join later.

How to Market to Millennials on Social Media

How to Market to Millennials on Social Media

BUSINESS | Jun 28, 2022

As of 2020, the US alone had more than 72 million millennials. Statistics show that they are also the highest spenders across all industries. Here are tips for marketing to them on social media.

Did Corporate Greed Fuel Inflation? It's Not Biggest Culprit

Did Corporate Greed Fuel Inflation? It's Not Biggest Culprit

BUSINESS | By Paul Wiseman | Jun 27, 2022

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices.

Abortion Ruling Thrusts Companies Into Divisive Arena

Abortion Ruling Thrusts Companies Into Divisive Arena

BUSINESS | By Anne D'Innocenzio and Haleluya Hadero | Jun 25, 2022

The Supreme Court's decision to end the nation's constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics.

Hostess Introduces $TWINKcoins (Seriously)

Hostess Introduces $TWINKcoins (Seriously)

BUSINESS | Jun 24, 2022

This week the sweets giant Hostess "unveiled a new fluffy treat that's a nod to the most prominent cryptocurrencies out there."

Delta Wins Right to Stay at Dallas Airport after Lawsuit

Delta Wins Right to Stay at Dallas Airport after Lawsuit

BUSINESS | Jun 24, 2022

Delta Air Lines will be able to continue operating flights at Dallas Love Field for another six years, under a settlement approved by the city council.

Alaska Airlines Reaches Contract Deal with Some Workers

Alaska Airlines Reaches Contract Deal with Some Workers

BUSINESS | Jun 23, 2022

A union has reached a deal with Alaska Airlines for a two-year contract extension that provides substantial raises for 5,300 gate agents, stores personnel, office staff, and ramp workers who load cargo.

Snap, Crackle, Pop: Kellogg to Split into 3 Companies

Snap, Crackle, Pop: Kellogg to Split into 3 Companies

BUSINESS | By Matt Ott and Dee-Ann Durbin | Jun 22, 2022

Kellogg Co., the 116-year-old maker of Frosted Flakes, Rice Krispies, Pringles and Eggo, will split into three companies focused on cereals, snacks and plant-based foods.

California Democrats to Investigate Cause of High Gas Prices

California Democrats to Investigate Cause of High Gas Prices

BUSINESS | By Adam Beam | Jun 21, 2022

Lawmakers in the California Assembly announced they would investigate oil companies they say are "abusing a historic situation to suck profits from Californians' wallets."

WTO Ministers Reach Deals on Fisheries, Food, COVID Vaccines

WTO Ministers Reach Deals on Fisheries, Food, COVID Vaccines

BUSINESS | By Jamey Keaten | Jun 17, 2022

After all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments.

Disney Delaying Florida Campus but Not because of Tensions

Disney Delaying Florida Campus but Not because of Tensions

BUSINESS | Jun 16, 2022

The Walt Disney Co. is delaying by more than three years the opening of a campus in central Florida to which 2,000 workers were being relocated from Southern California to work in digital technology, finance and product development.

Revlon, Beauty Icon in Crowded Market, Files for Bankruptcy

Revlon, Beauty Icon in Crowded Market, Files for Bankruptcy

BUSINESS | By Anne D'Innocenzio | Jun 16, 2022

Revlon, a cosmetics maker that broke racial barriers and dictated beauty trends for much of the last century, has filed for Chapter 11 bankruptcy protection.

Court: Amazon Customers Can Sue over Lack of Toxic Warnings

Court: Amazon Customers Can Sue over Lack of Toxic Warnings

BUSINESS | Jun 16, 2022

The California Supreme Court on Wednesday left intact a ruling that allows customers to sue Amazon.com for failing to warn buyers that some products it sells may contain hazardous substances.

Ad Agency Apologizes for 'Pride Whopper' Gaffe

Ad Agency Apologizes for 'Pride Whopper' Gaffe

BUSINESS | By Kilian Melloy | Jun 14, 2022

Burger King's Pride edition of its signature hamburger was a whopper, alright... of a botched PR attempt. The ad agency behind the epic blunder has issued an apology.

Bitcoin Plunges as Major Crypto Lender Halts Operations

Bitcoin Plunges as Major Crypto Lender Halts Operations

BUSINESS | By Ken Sweet | Jun 14, 2022

The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing "extreme market conditions."

Russian-Owned Successor of McDonald's Opens in Moscow

Russian-Owned Successor of McDonald's Opens in Moscow

BUSINESS | By Jim Heintz | Jun 13, 2022

Three months after McDonald's suspended operations in Russia, hundreds of people streamed into its famous former outlet as the restaurant reopened under a Russian owner and a new name.

No, You're Not Going Crazy - Package Sizes are Shrinking

No, You're Not Going Crazy - Package Sizes are Shrinking

BUSINESS | By Dee-Ann Durbin | Jun 8, 2022

From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It's dubbed "shrinkflation," and it's accelerating worldwide.

NY Governor Signs Law Raising Age to Own Semiautomatic Rifle

NY Governor Signs Law Raising Age to Own Semiautomatic Rifle

BUSINESS | By Maysoon Khan | Jun 7, 2022

New Yorkers under age 21 will be prohibited from buying semiautomatic rifles under a new law signed Monday by Gov. Kathy Hochul.

New Orleans Starbucks Store 1st in Louisiana to Vote Union

New Orleans Starbucks Store 1st in Louisiana to Vote Union

BUSINESS | Jun 6, 2022

Employees at a Starbucks store in New Orleans voted to form a union, becoming the first of the coffee giant's locations in Louisiana to unionize.

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