Category Archives: CNN – Business

ESPN Radio reshuffles lineup, bringing back Mike Greenberg

ESPN Radio reshuffles lineup, bringing back Mike Greenberg

ESPN is reshuffling its radio lineup by bringing one Mike back and saying goodbye to another. Mike Greenberg, who was the co-host of ESPN’s popular “Mike & Mike” radio show for nearly 20 years, is coming back to do a new broadcast called “The Mike Greenberg Show” starting on August 17. The new show will…MORE

Don’t expect to fly on a Boeing 737 Max anytime soon

Don’t expect to fly on a Boeing 737 Max anytime soon

More than 15 months after its best-selling plane was grounded, Boeing is finally close to getting approval to fly passengers on the 737 Max again. But don’t expect to see any of those passengers on board until late this year, at best. The plane was grounded in March 2019 after two fatal crashes that killed…MORE

UK to spend $38 billion on restaurant discounts and tax breaks as jobs crisis hits

UK to spend $38 billion on restaurant discounts and tax breaks as jobs crisis hits

UK finance minister Rishi Sunak has unveiled another £30 billion ($37.6 billion) coronavirus stimulus package aimed at stemming Britain’s growing jobs crisis and lifting the economy out of its worst slump in centuries. Speaking in parliament on Wednesday, Sunak said that significant job losses are the most “urgent challenge” the UK economy faces, as he…MORE

United warns 36,000 employees they may be furloughed this fall

United warns 36,000 employees they may be furloughed this fall

United Airlines is warning nearly half of its frontline workforce that they could be furloughed this fall. The world’s third-largest airline says 36,000 workers — including 15,000 flight attendants, 11,000 customer service and gate agents, 5,550 maintenance employees and 2,250 pilots — will receive layoff notices. The Wednesday announcement paints a grim picture for an…MORE

Amazon drops Boohoo over worker exploitation claims

Amazon drops Boohoo over worker exploitation claims

Online fashion retailer Boohoo is launching an independent review of its UK supply chain after a media report revealing dire working conditions at a factory caused sellers including Amazon to drop its products. Boohoo said in a statement on Wednesday that it takes “extremely seriously all allegations of malpractice, poor working conditions, and underpayment of…MORE

Gold tops $1,800 and hits highest level since 2011

Gold tops $1,800 and hits highest level since 2011

These are strange times on Wall Street. Stocks are surging on optimism about a potential economic rebound. Yet investors are still very nervous about the growing threat of a second wave of Covid-19 cases in the United States. Just look at the rally in gold. The price of the metal is now above $1,800 an…MORE

Mary Trump reveals how she became a top source for The New York Times

Mary Trump reveals how she became a top source for The New York Times

Mary Trump, President Trump’s niece, reveals in her forthcoming tell-all book that she was a source for The New York Times’ Pulitzer Prize-winning story about the President’s tax returns. The Times’ article — published in October 2018 by reporters David Barstow, Susanne Craig, and Russ Buettner — revealed that “through dubious tax schemes” Trump received…MORE

Airline bookings start to tumble again as coronavirus cases spike

Airline bookings start to tumble again as coronavirus cases spike

Airline travel is bouncing back — but so are American coronavirus cases. That spike could put the aviation rebound in reverse. United Airlines presented sobering facts to employees Monday that bookings are tumbling as Covid cases soar. Also hurting travel demand: regulations in New York, New Jersey and Connecticut that mandate travelers from the pandemic’s…MORE

Have you been laid off or furloughed again? Share your story

Have you been laid off or furloughed again? Share your story

At least two dozen states are pausing or rolling back their reopening plans for the summer because of a surge in coronavirus cases. This has delayed the opening — or forced the closure — of some restaurants, bars, retailers and other businesses in these states. This, in turn, could mean some Americans who were hired…MORE