By Clare Duffy and Kerry Flynn, CNN Business Journalism is often considered the first draft of history, but what happens when that draft is written on a software program that becomes obsolete? Adobe ending support for Flash — its once ubiquitous multimedia content player — last year meant that some of the news coverage of
Continue Reading By Clare Duffy and Kerry Flynn, CNN Business Journalism is often considered the first draft of history, but what happens when that draft is written on a software program that becomes obsolete? Adobe ending support for Flash — its once ubiquitous multimedia content player — last year meant that some of the news coverage of
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By Allison Morrow, CNN Business Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices. The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay
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By Rishi Iyengar and Clare Duffy, CNN Business Apple can no longer prohibit app developers from directing users to payment options outside its App Store, a judge ruled on Friday. The decision, which followed a contentious court battle with the maker of the hugely popular Fortnite video game, is a major blow to Apple —
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By David Goldman, CNN Business President Joe Biden gave a gift to every major company in America by forcing them to mandate vaccines or stringently test their employees for Covid. Their reaction to the new rule: glee. Corporate America had been trying to navigate two competing pandemic realities: Companies are desperately trying to get back
Continue Reading By Jeanne Sahadi, CNN Business Maintaining a healthy environment during a pandemic without alienating employees and customers who don’t want to wear masks or get vaccinated has been a headache for small business owners. Although everyone has questions about how it will work, some were relieved by President Biden’s announcement last week that employers with
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By Jordan Valinsky, CNN Business Private equity firm Blackstone Group is abandoning its $3 billion bid for a controlling stake in Soho China, one of the country’s largest real estate developers. In a regulatory filing Friday, Blackstone said it decided to drop the deal “in light of the lack of sufficient progress” being made among
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By Jordan Valinsky, CNN Business Yahoo has hired away Tinder’s top executive to become its new chief executive officer. Apollo Management Group, which recently bought the ailing search engine for $5 billion, announced Friday that Jim Lanzone will be Yahoo’s new CEO as of September 27. He’s succeeding Guru Gowrappan, who has led Yahoo since
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By Matt McFarland, CNN Business The brightly-colored robotic boats made by Saildrone seem to have a death wish. Saildrone makes autonomous ocean vessels to study the environment. This summer, the Silicon Valley startup sent five of its vessels directly into the path of hurricanes in the Atlantic Ocean. While airplanes can fly through hurricanes, the
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By Matt McFarland, CNN Business The brightly-colored robotic boats made by Saildrone seem to have a death wish. Saildrone makes autonomous ocean vessels to study the environment. This summer, the Silicon Valley startup sent five of its vessels directly into the path of hurricanes in the Atlantic Ocean. While airplanes can fly through hurricanes, the
Continue Reading By Peter Valdes-Dapena, CNN Business There was a slight drizzle when I was getting ready to go for a short drive in Bentley’s new Bacalar. Ordinarily, this would not be a big deal. The rain was hardly enough to warrant an umbrella. Except the Bentley Bacalar has no roof. The Bacalar is not a convertible.
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By Peter Valdes-Dapena, CNN Business There was a slight drizzle when I was getting ready to go for a short drive in Bentley’s new Bacalar. Ordinarily, this would not be a big deal. The rain was hardly enough to warrant an umbrella. Except the Bentley Bacalar has no roof. The Bacalar is not a convertible.
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By Hanna Ziady, CNN Business Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal. Well, September has arrived but the return to normal that many expected remains elusive. What’s happening: Developments over the past
Continue Reading By Hanna Ziady, CNN Business Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal. Well, September has arrived but the return to normal that many expected remains elusive. What’s happening: Developments over the past
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By Michelle Toh, CNN Business The United States has lifted an import ban on the world’s largest glove maker after concluding that its products are no longer being produced using forced labor. In an announcement Friday, the US Customs and Border Protection (CBP) agency said that it had cleared Top Glove, a Malaysian company, after
Continue Reading By Laura He, CNN Business China is starting to sell off some of the oil it keeps in strategic reserve in a bid to lower prices in the market, a historic first for the world’s biggest importer of oil and its second largest consumer. The State Bureau of Grain and Material Reserves said late Thursday
Continue Reading By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “An Authoritarian.” “Rotting bag of oatmeal … tyrant.” “Very frail and very weak.” Those are only a handful of the vile attacks directed at President Biden on Fox News Thursday
Continue Reading By Rachel Metz, CNN Business In November 2014, Chantelle Darby awoke to an excrement-fueled nightmare. Her Roomba robot vacuum was set to run in the middle of the night, while she, her husband, and their dogs were asleep. But one of the three dogs — a foster pooch named MacGregor — pooped in the house
Continue Reading By Rachel Metz, CNN Business In November 2014, Chantelle Darby awoke to an excrement-fueled nightmare. Her Roomba robot vacuum was set to run in the middle of the night, while she, her husband, and their dogs were asleep. But one of the three dogs — a foster pooch named MacGregor — pooped in the house
Continue Reading By Rachel Metz, CNN Business In November 2014, Chantelle Darby awoke to an excrement-fueled nightmare. Her Roomba robot vacuum was set to run in the middle of the night, while she, her husband, and their dogs were asleep. But one of the three dogs — a foster pooch named MacGregor — pooped in the house
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