Category Archives: CNN – Business

How weeds are being used to clean up oil spills

How weeds are being used to clean up oil spills

With its succulent leaves and violet flowers, water hyacinth may look beautiful, but it is in fact deadly. The invasive species, introduced to Africa from South America in the late 1800s, has wreaked havoc by clogging up lakes and waterways, destroying ecosystems and putting livelihoods at risk. Recent data on the plant’s economic impact is…MORE

Companies like Palantir are racing to IPO while stocks are hot

Companies have been racing to make their public debuts as stocks continue to hit new records, reflecting pent-up demand and a desire to move quickly in case the pandemic and US election send markets reeling again. What’s happening: This has been the hottest August for public offerings listed in the United States on record, with…MORE

Bud Light just launched three new hard seltzer flavors

Bud Light just launched three new hard seltzer flavors

Bud Light is launching three new flavors of its hard seltzer: cranberry, grapefruit and pineapple. Bud Light Seltzer, which was released in mid-January, is the “largest and most successful innovation” in Bud Light’s 38-year-history, the company’s VP of Marketing Andy Goeler told CNN Business. In less than a month after hitting the market, it became…MORE

Bed Bath & Beyond is laying off 2,800 employees

Bed Bath & Beyond is laying off 2,800 employees

Bed Bath & Beyond is eliminating 2,800 jobs effective immediately, as the troubled retailer tries to streamline its operations and shore up its finances amid the pandemic. The significant reduction of corporate employees and retail workers will help Bed Bath & Beyond save $150 million in annual pretax cost savings, the company said Tuesday. As…MORE

NBA and Audible team up for ‘Beyond The Last Dance’ podcast

NBA and Audible team up for ‘Beyond The Last Dance’ podcast

“The Last Dance” was a huge hit for ESPN earlier this year, when the documentary caught a captive audience stuck at home. Now, the story of Michael Jordan and the Chicago Bulls will continue. This time in podcast form. Audible — the audiobook and podcast service, which is owned by Amazon — is teaming up…MORE

Winter is coming — and restaurants are scrambling

Winter is coming — and restaurants are scrambling

For months, restrictions on indoor dining have forced restaurants across the country to rely on outdoor seating to survive. But as the weather gets colder, that lifeline is going away. And restaurant operators are scrambling to figure out what to do next. “Everybody is scared of the winter right now,” said Jason Kaplan, CEO of…MORE

Sean Hannity receives special White House access for Republican convention

Sean Hannity receives special White House access for Republican convention

When representatives from all the major TV networks visited the White House’s South Lawn on Monday, part of what’s known as a “walkthrough” to prepare for President Trump’s Thursday night speech there, there was a surprise: A mystery anchor platform. The platform hadn’t been on any of the diagrams given to the networks for the…MORE

Don’t argue with anti-maskers, CDC warns stores

Don’t argue with anti-maskers, CDC warns stores

When in doubt, don’t argue with anti-maskers. That’s the recommendation from the Centers for Disease Control and Prevention to retail and service employees. This week, the health agency issued new guidance to limit workplace violence that could be aimed at workers when enforcing their companies’ Covid-19 safety procedures. The procedures that retail and service businesses…MORE

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