Category Archives: CNN – Business News

Why Corporate America’s mountain of debt matters

The next recession, whenever it arrives, could be deepened by Corporate America’s debt-riddled balance sheet. Encouraged by insanely low interest rates, US businesses have taken on record amounts of debt that funded hiring, acquisitions and generous rewards to shareholders. That borrowing doesn’t seem to matter much now because the economy is strong, and companies are…MORE

Despite a bold approach, Kohl’s struggles to escape department store woes

Kohl’s reinvented itself to adapt to sweeping changes in the retail industry. But the company still can’t dodge intense pressures on department stores from online rivals, big box retailers and discount chains. Sales at Kohl’s stores open at least a year dropped 3.4% during the first quarter of 2019 — the company’s first drop in…MORE

Rent the Runway investor: VCs should back more woman-led firms

Only 33 women lead Fortune 500 companies. The lack of female leadership extends to startups, too. Just 27% of private “unicorn” firms worth at least $1 billion have a woman as a founder, according to financial data company Pitchbook. That’s up from only 11% of unicorns in 2018. Anu Duggal, one of the partners of…MORE

Reusable packages are coming to Walgreens and Kroger

Kroger and Walgreens have joined an experimental new project that gives shoppers the opportunity to buy products in reusable packaging. The two retailers will be part of the Loop platform, a service that offers shoppers a greener alternative to recycling. It’s launching as a pilot program in New York, New Jersey, Pennsylvania, Maryland and Washington,…MORE

Celebrity chef Jamie Oliver’s restaurant chain collapses

Celebrity chef Jamie Oliver’s restaurant empire in the United Kingdom has collapsed. The entrepreneur and anti-junk food campaigner said Tuesday that the restaurant business was being placed into administration, or bankruptcy protection. The group includes Jamie’s Italian chain, Jamie Oliver’s Diner at Gatwick Airport as well as steakhouse Barbecoa and Fifteen London, a restaurant Oliver…MORE

BP resists calls to match Shell’s climate change goals

BP is resisting pressure from investors and activists to take more radical action on climate change. The company has rejected demands to follow the example set by rival Shell and include emissions generated by the oil it sells in its climate targets. Two shareholder groups used the annual meeting of BP investors on Tuesday to…MORE

For the first time, Amazon faces an enormous slate of shareholder proposals

Amazon shareholders have been a remarkably tolerant bunch over the years, sitting idly by while the company plowed nearly all its revenues back into expanding the business, submitting few if any resolutions each year for the proxy ballot. This year, that could change. A lot. Amazon received more resolutions than any other company this year,…MORE

Yuan watch; Retail earnings; BP meeting

1. Yuan watch: Investors are on high alert for China’s yuan to fall to the symbolically important level of 7 to the US dollar. A move below that threshold, last breached during the 2008 financial crisis, could ripple through markets and further complicate trade talks between Washington and Beijing. The yuan continued to fall Tuesday…MORE