By Julia Horowitz, CNN Business Legendary investor Carl Icahn is known for his aggressive campaigns to shake up Corporate America. Now, he’s leveraging his reputation to tackle an issue close to his heart: the welfare of pigs. McDonald’s said Sunday that Icahn had nominated two new directors to its board. The move “relates to a
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By Jeanne Sahadi, CNN Business It’s no surprise that anyone looking to quit their current job for a new one will want a position that offers better pay and work-life balance. But what may be surprising is just how much more motivating these issues are in a person’s decision to switch jobs today than they
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By Ramishah Maruf, CNN Business Credit Suisse pushed back Sunday after multiple media outlets reported that the Swiss investment bank had clients that included criminals, alleged human rights abusers and parties facing sanctions. “Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices,” the bank said in a news release Sunday.
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By Ramishah Maruf, CNN Covering what’s really happening on the Ukrainian border is being made even more difficult because of the constant flow of unverified or potentially misleading information, said Clarissa Ward, CNN’s chief international correspondent. The prevalence of amateur videos, crowdsourced content and difficult to discern satellite imagery can confuse or perhaps misinform even
Continue Reading By Ramishah Maruf, CNN Covering what’s really happening on the Ukrainian border is being made even more difficult because of the constant flow of unverified or potentially misleading information, said Clarissa Ward, CNN’s chief international correspondent. The prevalence of amateur videos, crowdsourced content and difficult to discern satellite imagery can confuse or perhaps misinform even
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By Reuters E-commerce sites operated by China’s Tencent and Alibaba Group were added to the US government’s latest “notorious markets” list, the US Trade Representative’s office said Thursday. The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. “This includes identifying
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By Frank Pallotta, CNN Business Tom Holland does it again for Sony. “Uncharted” — starring Holland as adventurer Nathan Drake from the namesake Sony video game — brought in an estimated $44.1 million at the North American box office this weekend, according to the studio. That number exceeded industry expectations, which had projected the film
Continue Reading By Frank Pallotta, CNN Business Tom Holland does it again for Sony. “Uncharted” — starring Holland as adventurer Nathan Drake from the namesake Sony video game — brought in an estimated $44.1 million at the North American box office this weekend, according to the studio. That number exceeded industry expectations, which had projected the film
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By Ramishah Maruf, CNN The third Monday of February marks Presidents Day, a federal holiday commemorating the nations’ 45 commanders in chief. (Grover Cleveland served two nonconsecutive terms, so is considered the 22nd and 24th US President.) The observance usually falls on or near George Washington’s February 22 birth date and the holiday is still
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By Julia Horowitz, CNN Business Corporate earnings season was supposed to turn around Wall Street’s sour mood. In the end, it wasn’t much of a diversion. What’s happening: Most results for the end of 2021 have been posted. On the whole, they looked solid. But that wasn’t enough to calm nervy investors, who are stressing
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By Chris Isidore, CNN Business Only a year ago almost no one paid the full sticker price when buying a new car. Now you’re lucky if you can. In perhaps the most striking sign of the change in new car pricing, 80% of new car buyers in January paid more than manufacturer’s suggested retail price,
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By Nathaniel Meyersohn, CNN Business Heinz has been linked to the number 57 for more than a century. The company’s “57 varieties” slogan was a key part of its early strategy to attract consumers. It’s still featured on Heinz ketchup bottles today and is central to the brand’s identity. But that famous number is completely
Continue Reading By Nathaniel Meyersohn, CNN Business Heinz has been linked to the number 57 for more than a century. The company’s “57 varieties” slogan was a key part of its early strategy to attract consumers. It’s still featured on Heinz ketchup bottles today and is central to the brand’s identity. But that famous number is completely
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By Karol Suarez and Abel Alvarado The United States is resuming its avocado inspection program in Mexico’s Michoacán state a week after imposing a temporary ban in response to a US inspector receiving a death threat. The Department of Agriculture’s Animal and Plant Health Inspection Service said Friday that it was working closely with Mexican
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By Anneken Tappe, CNN Business The labor shortage has been a defining feature of the pandemic job market and it’s not getting better any time soon. But there is a whole group of workers who are being overlooked even though they could be part of the solution. Criminal records are keeping certain workers from finding
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By Nathaniel Meyersohn, CNN Business Expect to see more bright-red “Rollback” signs at Walmart stores as inflation bites, the company said Thursday. Rollbacks, or temporary price reductions on an item, are Walmart’s version of a sale. Walmart decides which products to drop prices on based on factors like discounts it receives from suppliers or excess
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By Paul R. La Monica, CNN Business The Super Bowl was a bonanza for the gambling business thanks to new customers from New York, which recently legalized sports betting. But now comes the hard part for companies like DraftKings and FanDuel. Betting upstarts need to spend big bucks to attract new users — but like
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By Frank Pallotta, CNN Business After swinging through New York City as Spider-Man, Tom Holland returns this weekend with another film that has him dangling from great heights. This time he does so as adventurer and video game mainstay Nathan Drake. “Uncharted” — based on a best-selling Sony video game — hopes to use Holland’s
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By Anna Bahney, CNN Business Home prices climbed in January as inventory fell to a new record low. The median price for a home last month was $350,300, up 15.4% from a year ago, according to the National Association of Realtors. It was not the highest median price on record, which was $362,800 last June,
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By Julia Horowitz, CNN Business Gone are the days when bitcoin, ether and other cryptocurrencies could be thought of as a niche corner of financial markets. What’s happening: In a new report, the Financial Stability Board — an international body that brings together regulators from 24 countries and jurisdictions — said that the “fast evolving”
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