Category Archives: CNN – Business

Muji files for bankruptcy

Muji files for bankruptcy

Trendy home-goods chain Muji has filed for bankruptcy, making it the latest in a string of retailers to do so as the coronavirus crisis decimates the industry. Muji, which sells minimalist decor, stationery and clothing, filed for Chapter 11 bankruptcy protection Thursday in Delaware. The company plans to use the process to emerge with a…MORE

US global media agency seeks to kick out international journalists

US global media agency seeks to kick out international journalists

Efforts to clean house at the US Agency for Global Media continued this week as leadership indicated that international journalists who work for Voice of America (VOA) will not have their visas extended and a widely respected top editor at Radio Free Asia was fired, explained three sources familiar with the decisions. Under the new…MORE

Elon Musk just became richer than Warren Buffett

Elon Musk just became richer than Warren Buffett

Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world’s seventh wealthiest person. Musk’s fortune rose more than $6 billion Friday, according to Bloomberg, after Tesla’s stock surged 10.8% to a record $1,544 per share. Its market value stood at $286.5 billion. Musk owns 20.8% of Tesla’s…MORE

Major Philippines broadcaster denied license as watchdogs warn over press freedom

Major Philippines broadcaster denied license as watchdogs warn over press freedom

Lawmakers in the Philippines have voted against granting a new license to one of the country’s largest and most influential broadcasting networks, a move that critics say will undermine press freedom. A legislative committee voted overwhelmingly on Friday to not renew the franchise of media company ABS-CBN, which known for its unflinching coverage of President…MORE

Elon Musk about to get another $1.8 billion payday from Tesla

Elon Musk about to get another $1.8 billion payday from Tesla

At the end of May Tesla granted CEO Elon Musk stock options worth $1.8 billion today. Now, it’s about to do that again — for a second time in just over two months. Musk’s pay package, approved by Tesla shareholders in 2018, doesn’t pay him any salary or cash bonuses. Instead, it laid out a…MORE

Goya CEO tells Fox he won’t apologize after his praise for Trump sparks boycott

Goya CEO tells Fox he won’t apologize after his praise for Trump sparks boycott

In an interview with Fox News Friday, Goya Foods CEO Robert Unanue said he was “not apologizing” for praising President Donald Trump at the White House. Unanue’s appearance at a Rose Garden Thursday ceremony announcing the White House Hispanic Prosperity Initiative sparked outrage on social media. By Friday morning, the hashtag #Goyaway was trending, as…MORE

Exclusive: Delta CEO says federal government should issue a mask mandate

Exclusive: Delta CEO says federal government should issue a mask mandate

As the Covid-19 pandemic continues to spread throughout the United States, travelers are still not federally required to wear a mask on a passenger jet. But Delta CEO Ed Bastian said the government should make it a mandate. He’s not optimistic, however, that a national mask requirement will happen. The airline industry has not issued…MORE