Business News

  • Google slapped with more than $56 million in fines under new European privacy rules
    JHVEPhoto/iStock(NEW YORK) -- Google has been fined more than $56 million over its advertising in Europe.France's data privacy watchdog CNIL announced in a statement Monday that it was imposing a record sanction of 50 million euros on the U.S. tech giant due to "lack of transparency, unsatisfactory information and lack ... read more
    BusinessJanuary 21, 2019
  • PepsiCo in legal battle with moonshine distillery over ‘Mountain Dew’ trademark
    NoDerog/iStock(NEW YORK) -- PepsiCo, one of the world’s largest food companies, is in a legal battle with a Tennessee distillery, Ole Smoky Moonshine, over the distillery’s trademark application for the term “Mountain Dew.”PepsiCo filed a Notice of Opposition with the Trademark Trial and Appeal Board in 2016 opposing Ole Smoky’s ... read more
    BusinessJanuary 21, 2019
  • Jon Bon Jovi’s restaurant to provide free meals to furloughed government workers
    Theo Wargo/Getty Images For The Rock and Roll Hall of Fame(RED BANK, N.J.) -- Furloughed federal workers who've been without pay since the government shutdown will get a helping hand on Monday, thanks to rock legend Jon Bon Jovi and others.The rocker's JBJ Soul Kitchen, a Red Bank, New Jersey, ... read more
    BusinessJanuary 21, 2019
  • Oxfam: Billionaire fortunes grew 12% in 2018 as world’s poorest got 11% poorer
    SARINYAPINNGAM/iStock(NEW YORK) -- In 2018, billionaire fortunes grew by 12 percent -- about $2.5 billion every day -- as the world's 3.8 billion poorest people lost about 11 percent of their wealth, according to a report by Oxfam launched to coincide with this year's World Economic Forum in Davos, Switzerland.The ... read more
    BusinessJanuary 21, 2019
  • Elon Musk warns ‘the road ahead is very difficult’ as Tesla lays off 7 percent of workforce
    Robyn Beck-Pool/Getty Images(NEW YORK) -- Tesla announced on Friday that it will cut 7 percent of its workforce, marking the second round of job cuts in just over six months, as it faces the pressure of building and delivering its long-promised, lower-priced Model 3s at scale while keeping costs down. ... read more
    BusinessJanuary 18, 2019
  • Companies disproportionately target black, Latino youth in TV ads for unhealthy foods
    Robert Alexander/Getty ImagesBY: DR. ROBIN ORTIZ (NEW YORK) -- Extreme weight gain in children is a dangerous mental and physical health epidemic in the United States, and public health officials have implored children and their parents to lay off the sugar-sweetened beverages, fast food and unhealthy snacks. But according to ... read more
    BusinessJanuary 18, 2019
  • 11-year-old girl starts her own business while her mom is furloughed
    Jessica Berrellez(NEW YORK) --  An 11-year-old girl whose mom has spent almost a month out of work as a furloughed federal employee created her own business to help her family and others. Bella Berrellez, a fifth-grader in Gaithersburg, Maryland, has sold more than 500 of her handmade sugar body scrubs ... read more
    BusinessJanuary 18, 2019
  • Tesla to cut 7% of its workforce as it focuses on more affordable vehicles
    Sjo/iStock(NEW YORK) -- In an effort to cut costs as it gears up to produce more affordable Model 3 sedans, Tesla announced on Friday it will be cutting approximately 7 percent of its full-time staff.Tesla CEO Elon Musk explained the decision to employees in an email.While noting quarterly figures, Musk ... read more
    BusinessJanuary 18, 2019
  • Peeps debuting limited-edition marshmallow-flavored cereal
    Kellogg’s(NEW YORK) -- Kellogg’s has created a limited-edition Peeps marshmallow-flavored cereal that will be rolling onto shelves nationwide before Easter.The cereal is inspired by the popular chick and bunny-shaped Easter treat.The sweet whole grain cereal will mimic Peep’s traditional springtime colors, while marshmallows that look like mini-versions of Peeps themselves ... read more
    BusinessJanuary 18, 2019
  • Bhad Bhabie turns viral status and 15.7 million followers into $900,000 beauty deal
    Scott Dudelson/Getty Images(NEW YORK) -- After her unforgettable Dr. Phil appearance and the birth of her famous line, "Cash me outside," Danielle Bregoli — who is better known as Bhad Bhabie — has kicked off 2019 with a major beauty, an online cosmetics store for beauty obsessives on a ... read more
    BusinessJanuary 17, 2019