Category Archives: CNN – Business

Former Wells Fargo CEO banned from banking industry and fined $17.5 million

Former Wells Fargo CEO banned from banking industry and fined $17.5 million

Former Wells Fargo CEO John Stumpf on Thursday agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in leading the bank through its massive fake accounts scandal and other sales practice misconduct. In addition to Stumpf, the US Office of the Comptroller of the Currency fined seven…MORE

‘Cats’ box office disaster tanks Universal’s profit

‘Cats’ box office disaster tanks Universal’s profit

Universal took a pretty big hit last quarter largely because of the box office disaster that was “Cats.” The film adaptation of the hit Broadway musical made just $60 million worldwide since its opening in late December. The film, which has a 20% score on review site Rotten Tomatoes, was not cheap to make. It…MORE

Longtime PBS NewsHour anchor Jim Lehrer is dead at 85

Longtime PBS NewsHour anchor Jim Lehrer is dead at 85

Jim Lehrer, the legendary debate moderator and former anchor of the “NewsHour” television program, died Thursday. He was 85. Lehrer’s death was announced by his longtime network home, PBS, where he co-founded the “NewsHour” in 1975. PBS said Lehrer died “peacefully in his sleep at home” and did not share further information about the cause…MORE

GrubHub has a solution to its delivery problems: Takeout

GrubHub has a solution to its delivery problems: Takeout

GrubHub is getting crushed by competition, so it’s fighting back with a new service that targets diners who want to pick up their food instead of having it delivered to them. GrubHub unveiled new technology — dubbed Ultimate — on Thursday that makes it easier for people to order food to go and track exactly…MORE

The 737 Max grounding cost Southwest $828 million in 2019

The 737 Max grounding cost Southwest $828 million in 2019

Southwest Airlines reported a sharp drop in profit in the fourth quarter because of the continued grounding of the Boeing 737 Max. It said it will seek additional compensation from Boeing as the problem is expected to stretch deep into 2020. The 737 Max was grounded in March following two fatal crashes that killed 346…MORE

A new text message scam is disguising itself as a FedEx notification

A new text message scam is disguising itself as a FedEx notification

It’s an exhilarating feeling we can all relate to — FedEx notifying you that your package has been delivered. But before you mindlessly click on that text message that looks like it’s from FedEx, take a second look because it could be a scam. Some people around the country are receiving text messages that show…MORE

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