Category Archives: CNN – Business

The takeover battle for food delivery startup Just Eat is escalating

The takeover battle for food delivery startup Just Eat is escalating

South African tech investor Naspers has sweetened its hostile bid for Just Eat, valuing the UK online food delivery company at $6.7 billion and escalating a takeover battle with rival suitor Takeaway.com. But the revised offer may fail to win over shareholders. Prosus, the European-listed tech investor owned by Naspers, said Monday that it would…MORE

Lord & Taylor is returning to New York with a pop-up store

Lord & Taylor is returning to New York with a pop-up store

Lord & Taylor is reopening in New York less than a year after shuttering its flagship department store. But the new store will only be open for a limited time. Le Tote, which recently bought the struggling brand, is opening a pop-up store in the city’s prime shopping neighborhood, SoHo. The store will sell items…MORE

A new theory on what shocked the overnight lending market

A new theory on what shocked the overnight lending market

Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. When turmoil erupted in the US overnight lending market in September, it came as a big surprise. The spike in overnight borrowing rates forced the Federal Reserve to come to…MORE

Walmart apologizes for Christmas sweater with apparent drug reference

Walmart apologizes for Christmas sweater with apparent drug reference

Walmart is saying sorry for making available a Christmas sweater with an apparent drug reference. The sweater featured an image of Santa Claus behind a table with three white lines that look similar to cocaine lines. Below the image is the phrase “Let it snow.” The Global News, a Canadian news organization, first reported the…MORE

Kennedy Center Honors celebrates the influence of Sesame Street

Kennedy Center Honors celebrates the influence of Sesame Street

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Television is often the problem, but sometimes it’s the answer, too.” I know many people who work in the television business can relate to those words. WaPo’s Hank Stuever wrote ’em the other day while…MORE

Asia markets seesaw as cautious traders look for potential trade deal

Asia markets seesaw as cautious traders look for potential trade deal

Asian markets seesawed on Monday as traders cautiously await the progress on a trade deal before the December 15 deadline for a new round of US tariffs on Chinese goods. Japan’s Nikkei 225 rose 0.3%. The market also got a boost after Japan revised its gross domestic product growth to an annualized 1.8% for the…MORE

Editorial boards of Los Angeles Times and Boston Globe call for Trump’s impeachment

Editorial boards of Los Angeles Times and Boston Globe call for Trump’s impeachment

The editorial boards at two of America’s top newspapers have called for President Trump’s impeachment in recent days. “Impeach the president,” read the editorial in Friday’s edition of The Boston Globe. And the Los Angeles Times published its editorial board’s conclusion on Saturday: “We’ve seen enough. Trump should be impeached.” Editorial boards — groups of…MORE

Could this be the last holiday shopping season for Sears?

Could this be the last holiday shopping season for Sears?

Could this be the last holiday shopping season for Sears? The company narrowly survived its bruising bankruptcy fight just one year ago. Then creditors were in court clamoring for the iconic retailer to be closed down and its remaining assets liquidated. But in February US Bankruptcy Court Robert Drain gave the company a new lease…MORE

This is a crucial week for global trade

This is a crucial week for global trade

Happy Sunday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. There’s just one week to go before the United States is scheduled to impose a new round of tariffs on $156 billion of Chinese imports. Meanwhile, both sides are still working…MORE

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