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By Sonia Moghe, CNN A federal judge ruled Friday former pharmaceutical executive Martin Shkreli should be barred “for life” from participating in the pharmaceutical industry and ordered him to pay nearly $65 million in fines to seven states. The decision by US District Judge Denise Cote Friday was part of a civil case brought by

By Ramishah Maruf, CNN Business A large British energy firm apologized to its customers Friday after sending them socks advising them to turn the heat down in the midst of the country’s energy crisis. E.ON Next sent socks to about 30,000 households with a tag attached to them that said lowering their heat would reduce

By Matt McFarland and Cheri Mossburg, CNN Photos and videos showing piles of empty boxes littered alongside rail tracks in Los Angeles County, California have gone viral as shipping companies say they’ve seen a dramatic spike in railroad theft. Some of the boxes are packages from companies like UPS, Amazon and FedEx. Union Pacific, one

By Pete Muntean, CNN FedEx wants to operate cargo planes outfitted with lasers that throw off incoming heat-seeking missiles, according to a newly published federal documents. In a filing Friday, the Federal Aviation Administration indicated FedEx had asked permission to add the missile-defense system. The agency said that the “FedEx missile-defense system directs infrared laser

By Frank Pallotta, CNN Business Your Netflix bill is about to go up again. The streaming media company said Friday it is raising the prices on its plans in the United States and Canada. In the United States, the subscription price for the standard plan rose $1.50 to $15.49. The basic plan went up $1

By Paul R. La Monica, CNN Business Investors clearly didn’t want to go into the upcoming three-day weekend holding onto financial stocks. The Dow fell a little more than 200 points, led by a steep fall in shares of JPMorgan Chase and other big banks. The Dow closed 0.6% lower on Friday. The index is

by Alison Kosik, CNN Two of the biggest retail pharmacies in the U.S. are temporarily closing some stores and pharmacies on the weekends as the latest surge in Covid-19 causes staff shortages. Walgreens said that, like many industries, this latest surge in the Omicron variant is placing a significant strain on its business in the

By Nathaniel Meyersohn, CNN Business “I am not happy!” “Does NOT sit right with me.” “Calamity.” “Sick to my stomach.” Dollar Tree’s recent decision to end $1 prices after 35 years and raise most items at stores to $1.25 has elicited an angry response from many loyal customers on Twitter, Facebook, TikTok and YouTube. Video

By Yvette Killian, CNN Legendary journalist Carl Bernstein has a message for reporters: “It’s not rocket science.” Bernstein is referring to the basics of newsgathering — the tools and skills reporters use to assemble facts, tell stories. “Today, we see how much reporting — if it’s called that — is done from people looking up

By Anneken Tappe and Nathaniel Meyersohn, CNN Business Consumers are getting grumpy about inflation, Omicron and a host of other challenges. That’s not a good sign for the US economy. Americans shopped less in December, causing the first drop in retail sales since the summer. Sales dropped 1.9% compared with November, adjusted for seasonal swings,

By Julia Horowitz, CNN Business Tech stocks have been plunging as Wall Street obsesses over the Federal Reserve’s next moves and how aggressively it will hike borrowing costs over the next 12 months to rein in inflation. But attention could soon shift elsewhere as corporate earnings season arrives, delivering a distraction from the economy and