Category Archives: CNN – Business News

India is buying more US and Saudi oil because of sanctions on Iran

India is buying more US and Saudi oil because of sanctions on Iran

US sanctions have forced a leading purchaser of Iranian crude exports to buy more oil from Saudi Arabia and the United States. Sanjiv Singh, head of state-run refiner Indian Oil Corporation, told CNN Business that “whatever supplies were coming from Iran, they were well distributed amongst other countries.” Iran had been the third largest supplier…MORE

Target and eBay want to give Amazon’s Prime Day a run for its money

Target and eBay want to give Amazon’s Prime Day a run for its money

Amazon’s upcoming Prime Day shopping promotion will be the company’s longest. Rival retailers are ready to compete. Target and eBay announced this week their own sales that will begin on July 15 — the same day as Amazon’s annual event. Target’s “Deal Days” will run for two days, the same amount of time as Amazon’s…MORE

Washington Post expands Spanish language content with podcast and opinion columns

Washington Post expands Spanish language content with podcast and opinion columns

The Washington Post’s next expansion is in another language. The company’s newsroom is launching a twice-a-week Spanish language podcast and the opinion section is beginning to publish pieces in Spanish. “We have long studied the idea of moving into Spanish language journalism. We first needed to zero in on the value The Washington Post could…MORE

Ikea wants to build homes in Britain that cost what the buyer can pay

Ikea wants to build homes in Britain that cost what the buyer can pay

Ikea conquered the world with inexpensive furniture. Now it’s turning its attention to affordable homes in Britain. Worthing, a town in southern England, is considering a plan to work with developer BoKlok, a joint venture of Ikea and Swedish construction company Skanska. The development would be BoKlok’s first in the United Kingdom since a previous…MORE

Sports anchor Bob Ley retires after 40 years at ESPN

Sports anchor Bob Ley retires after 40 years at ESPN

Bob Ley, the longest-tenured anchor at ESPN and a journalistic legend, says he is retiring at the end of this month. “To be clear, this is entirely my decision,” Ley said, fending off inevitable speculation about his dealings with ESPN. “I enjoy the best of health, and the many blessings of friends and family, and…MORE

Dow rebounds after Steven Mnuchin ignites trade optimism

Dow rebounds after Steven Mnuchin ignites trade optimism

The Dow opened higher on Wednesday, thanks to optimism about a US-China trade deal. The Dow climbed 0.2%, or 65 points, while S&P 500 and Nasdaq Composite rose 0.3% and 0.6%. With only three trading days left in June, the Dow, S&P and Nasdaq are on track for their best month since January. Wednesday’s upswing…MORE

JPMorgan has invested $150 million in Detroit. Now it’s adding $50 million more

JPMorgan has invested $150 million in Detroit. Now it’s adding $50 million more

JPMorgan Chase is increasing its investment in Detroit, including in small businesses run by minorities. The bank is adding $50 million into its investment of the city, bringing the total to $200 million, the company announced Wednesday. JPMorgan initially invested $150 million in the city over five years, due to end in 2019. Now, the…MORE

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