Category Archives: CNN – Business

An overdue presser: Biden set to take reporters’ questions in first formal news conference in months
Greg Nash/Pool/Getty Images

An overdue presser: Biden set to take reporters’ questions in first formal news conference in months

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. When President Joe Biden walks out at 4pm ET to greet reporters assembled in the White House’s East Room, it will be the first formal press conference he has convened in months. Suffice to say,…MORE

Is Electronic Arts the next to get bought in the gaming deal frenzy?
Christophe Gateau/dpa/picture alliance/Getty Images

Is Electronic Arts the next to get bought in the gaming deal frenzy?

It’s game on for video game mergers. Microsoft’s nearly $69 billion acquisition of the controversial game maker Activision Blizzard comes just one week after Grand Theft Auto developer Take-Two Interactive announced that it was buying FarmVille owner Zynga. Gamers (and investors) are now betting on which company might be the next to get scooped up.…MORE

International airlines suspend some US flights over 5G uncertainty
Behrouz Mehri/AFP/Getty Images

International airlines suspend some US flights over 5G uncertainty

Major international airlines are scrambling to modify or cancel flights to the United States amid uncertainty about potential interference between new 5G cell phone services and critical airplane technologies. Emirates, Air India, All Nippon Airways, Japan Airlines and Lufthansa all announced service cuts citing the issue. Emirates said it would suspend flights into nine US…MORE

Federal antitrust enforcers are considering updating corporate merger guidelines
Win McNamee/Graeme Jennings/Pool/Getty Images

Federal antitrust enforcers are considering updating corporate merger guidelines

The Federal Trade Commission and US Justice Department’s Antitrust Division on Tuesday announced a joint review of federal guidelines for corporate mergers to consider whether they should be updated “to better detect and prevent illegal, anticompetitive deals.” The announcement comes amid growing concerns about concentration in a range of industries, which some experts worry can…MORE

Former New York Post digital chief alleges wrongful firing after privately reporting longtime Murdoch lieutenant propositioned her for sex
Patrick McMullan/Getty Images

Former New York Post digital chief alleges wrongful firing after privately reporting longtime Murdoch lieutenant propositioned her for sex

Michelle Gotthelf, the former editor in chief of the New York Post’s digital operation, filed a lawsuit on Tuesday against the tabloid, alleging she was wrongfully fired earlier this month after she reported to her boss that a longtime lieutenant of Rupert Murdoch sexually harassed her. Gotthelf alleged that the Murdoch-lieutenant Col Allan, who once…MORE

The pitchforks are out for Kohl’s
Michael Conroy/AP

The pitchforks are out for Kohl’s

Kohl’s can’t catch a break from Wall Street. For the second time in as many months and third time in a year, an activist investor is putting pressure on the department store chain to make changes or sell the company. Activist hedge fund Macellum Advisors, which owns about 5% of Kohl’s stock, said in a…MORE

Stephen A. Smith after Covid: If I wasn’t vaccinated, ‘I wouldn’t be here’
Chris Elise/NBAE/Getty Images

Stephen A. Smith after Covid: If I wasn’t vaccinated, ‘I wouldn’t be here’

Stephen A. Smith returned to ESPN‘s “First Take” Monday after a bout with Covid-19, which the commentator said nearly killed him. “For me personally, it hit me differently,” Smith said. Smith explained that he tested positive for the virus late last month and wound up in the hospital over the New Year. “[Doctors] told me,…MORE

Dow drops more than 500 points as bond yields rise and earnings season gets into full swing
Timothy A. Clary/AFP/Getty Images

Dow drops more than 500 points as bond yields rise and earnings season gets into full swing

Wall Street had another day in the red at the start of this shortened trading week as investors grapple with earnings seasons and rising Treasury bond yields. All three major indexes spent the entire day sharply lower. The Dow closed 1.5%, or some 540 points, lower, after falling as many as 650 points at its…MORE

$388 million funding cut will force the BBC to cancel shows
Leon Neal/Getty Images

$388 million funding cut will force the BBC to cancel shows

The BBC has warned that it will be forced to slash services and cancel shows after the UK government froze its main source of funding, resulting in a budget shortfall of roughly $388 million. Tim Davie, director general of the public service broadcaster, told BBC Radio 4 on Tuesday that “everything’s on the agenda” after…MORE