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Business News

Tuesday, Jan 16, 2018 at 01:59 PM EST

Nestle Selling US Candy Business for $2.8 Billion

Nestle Selling US Candy Business for $2.8 Billion

Swiss food and drink giant Nestle is selling its U.S. candy business to Italy's Ferrero for about $2.8 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the...

Tuesday, Jan 16, 2018 at 11:17 AM EST

CVS Pharmacy Promises to End Touchups of Its Beauty Images

CVS Pharmacy Promises to End Touchups of Its Beauty Images

Pharmacy giant CVS announced Monday that it would ban touchups of images for beauty products from its stores, websites, social media and marketing materials. "We all want to be reflected in a true fashion,...

Saturday, Jan 13, 2018 at 12:07 AM EST

Supreme Court Agrees to Consider Internet Sales Taxes

Supreme Court Agrees to Consider Internet Sales Taxes

The Supreme Court said Friday it will decide whether states should be able to collect sales taxes for online purchases, a move that would raise costs for consumers while generating more money for local...

Friday, Jan 12, 2018 at 11:45 PM EST

Bezos to Give $33M in College Scholarships to DACA Students

Bezos to Give $33M in College Scholarships to DACA Students

Amazon founder and CEO Jeff Bezos and his wife, MacKenzie, announced Friday that they will donate $33 million to help young undocumented immigrants who had obtained DACA status to pay for college, NBC News...

Friday, Jan 12, 2018 at 07:23 AM EST

Facing Critics, Facebook Wants Feeds to Be More 'Meaningful'

Facing Critics, Facebook Wants Feeds to Be More 'Meaningful'

Facebook is tweaking what people see to make their time on it more "meaningful" in a move that could hurt publishers and news organizations that rely on it to spread their content. Facebook has said before that...

Thursday, Jan 11, 2018 at 12:49 PM EST

Circuit City Set to Relaunch Online Next Month

Circuit City Set to Relaunch Online Next Month

Shuttered electronics retailer Circuit City is set to make a comeback next month, at least online, CNBC reported. Its website will relaunch Feb. 15, the company's CEO, Ronny Shmoel, said Monday at the Consumer...

Thursday, Jan 11, 2018 at 11:40 AM EST

Local Governments Won't Say What They're Offering Amazon

Local Governments Won't Say What They're Offering Amazon

State and local governments have been more than happy to play up the amenities they think make their locations the best choice for Amazon's second headquarters. But many of them will not disclose the tax breaks...

Wednesday, Jan 10, 2018 at 05:30 PM EST

New Layoffs at Indiana Carrier Factory Year After Trump Deal

New Layoffs at Indiana Carrier Factory Year After Trump Deal

A new round of layoffs is taking effect this week at the Carrier Corp. factory in Indianapolis a little more than a year after President Donald Trump touted a deal that staved off the plant's closure and...

Wednesday, Jan 10, 2018 at 02:17 PM EST

Las Vegas Hotels Bet on Technology to Attract, Dazzle Guests

Las Vegas Hotels Bet on Technology to Attract, Dazzle Guests

It takes just minutes for a room service attendant to respond to a text message asking for a soda, bringing the Diet Coke on a tray with a glass of ice and lime wedges, no need for the modern hassle of placing a...

Wednesday, Jan 10, 2018 at 12:15 PM EST

How Amazon's Bezos Became a $105 Billionaire

How Amazon's Bezos Became a $105 Billionaire

Jeff Bezos' wealth reportedly hit $105.1 billion this week, making him the richest man alive among those whose wealth is publicly traceable, CNBC reported. But Bezos hasn't always been a billionaire. He was born...

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