Business News

Bob Garfield fired by New York Public Radio for allegedly violating anti-bullying policy

Bob Garfield fired by New York Public Radio for allegedly violating anti-bullying policy

New York Public Radio has fired commentator Bob Garfield, who co-hosted the WNYC show “On the Media,” for allegedly violating the company’s anti-bullying policy. The company announced the decision, which stemmed from a third-party investigation, on Monday. “This decision was made following a recent investigation conducted by an outside investigator that found that he had…

What the WarnerMedia-Discovery deal means for CNN and Jeff Zucker

What the WarnerMedia-Discovery deal means for CNN and Jeff Zucker

Twenty five years ago, David Zaslav was instrumental in getting the brand-new cable news channel MSNBC into homes, sparking a new era of cable competition. Now Zaslav is in line to run a portfolio of media properties including CNN, the cable news pioneer. CNN is set to change corporate hands for the second time in…

J. Crew taps a streetwear design veteran to lead its men’s brand

J. Crew taps a streetwear design veteran to lead its men’s brand

J. Crew, a brand known for its preppy aesthetic, is turning to a streetwear design veteran to help attempt a comeback after filing for bankruptcy last year. On Monday, J. Crew said it was tapping Brendon Babenzien, a former design director at Supreme — a brand popular among skateboarders, hip-hop fans and in youth culture…

Why you should care about Discovery and WarnerMedia merging

Why you should care about Discovery and WarnerMedia merging

Discovery is an iconic brand in the cable world, as are CNN and HBO. Warner Bros., the home of franchises such as DC and Harry Potter, is one of the most influential studios in Hollywood. Now, all of those brands are coming together in hopes of not just surviving, but thriving in an media industry…

Burger King is bringing back this fan-favorite menu item

Burger King is bringing back this fan-favorite menu item

Burger King is bringing back crown-shaped chicken nuggets after a 10-year absence, the latest nostalgia play in the fiercely competitive fast-food industry. The “fan favorite” nuggets, which were removed from menus in 2011, are coming back following pleas from Burger King’s customers. Burger King fans had started a petition for their return that has attracted…

Airline industry execs talk up hopes for Europe’s summer

Airline industry execs talk up hopes for Europe’s summer

Airline industry executives are cautiously optimistic that Europe’s accelerated vaccine rollout will allow travel restrictions to be lifted and spur a strong rebound in trips to the continent this summer. England reopened its borders for international leisure travel on Monday, but travelers are still required to take Covid tests at their own expense — and…

The next phase of the streaming wars is all about scale

The next phase of the streaming wars is all about scale

How much content is enough? All signs point to a significant escalation in the streaming wars after AT&T and Discovery announced plans to combine two massive content catalogs. What’s happening: AT&T’s WarnerMedia division, which includes CNN, will be spun off and combined with Discovery in a new standalone media company, reports my CNN Business colleague…

Business travel has disappeared. Will it ever come back?

Business travel has disappeared. Will it ever come back?

Book tickets. Schedule meetings. Obsess over your presentation. Pack a carry-on. Rush to the airport. Check out the lounge. Priority boarding. Take off. Land. Get to the hotel. Meet clients. Seal the deal. Fly home. Repeat. For countless executives and salespeople, business trips have been a bedrock of corporate life — loathed by some, loved…

Elon Musk’s tweets have once again sent bitcoin on a wild ride

Elon Musk’s tweets have once again sent bitcoin on a wild ride

Elon Musk is once again giving crypto markets whiplash. The Tesla CEO is now saying that his company has not sold any bitcoin (XBT) after earlier appearing to suggest the opposite. His original Twitter exchange had led bitcoin to extend its losses. The latest cryptocurrency drama began Sunday when a user named CryptoWhale tweeted: “Bitcoiners…

Dr. Sanjay Gupta says the CDC mishandled announcement of new mask guidelines

Dr. Sanjay Gupta says the CDC mishandled announcement of new mask guidelines

Last week, the Centers for Disease Control advised that fully vaccinated people can be indoors and outdoors without wearing masks except when in health care settings, on public transportation, or in specified areas where masks are required. When CNN’s chief media correspondent Brian Stelter asked about the press’ role in covering the return to normal,…

Thousands of ‘fake AirPods’ seized in Ohio, CBP says

Thousands of ‘fake AirPods’ seized in Ohio, CBP says

US Customs and Border Protection officers in Ohio have seized 36,000 headphones that resembled Apple AirPods. CBP in Cincinnati found that the headphones, which arrived in three shipments from China, were in violation of “trademark and copyright codes,” CBP said in a news release Friday. The wireless headphones violated trademarks that “protected Apple configuration” recorded…

More than 80% of gas stations in DC are out of gas

More than 80% of gas stations in DC are out of gas

The Colonial Pipeline is up and running after a six-day shutdown, but some gas stations in Washington, DC and parts of the Southeast are still struggling with shortages. In the nation’s capital, about 81% of filling stations still don’t have gasoline, according to GasBuddy, a platform that tracks fuel demand, prices and outages. The platform…

AT&T’s WarnerMedia and Discovery are in talks about combining

AT&T’s WarnerMedia and Discovery are in talks about combining

AT&T is in advanced talks with Discovery Communications about a deal that would combine two treasure troves of content in the streaming age. AT&T’s WarnerMedia division, which includes CNN, would be paired with Discovery under a proposal that is being discussed behind closed doors this weekend, a source familiar with the matter said, confirming news…

The stakes couldn’t be higher for America’s first major offshore wind farm

A brand-new industry is launching in America — and its fate is inextricably linked to the success or failure of President Joe Biden’s ambitious climate agenda. The federal government this week gave the green light to Vineyard Wind, the nation’s first commercial scale offshore wind farm. Although onshore wind is a growing part of the…

How Equinox is transforming into the ‘HBO of fitness’

Fitness companies found themselves pivoting last year after the pandemic forced the sudden closure of gyms, which upended people’s workout routines. They turned to apps — and, as Peloton’s success and Apple’s Fitness+ entrance prove, users aren’t turning back. For Equinox, that’s a problem. The upscale fitness chain made its name on eucalyptus towels, lavish…

Critical infrastructure really is critical. The US must act now

Critical infrastructure really is critical. The US must act now

What do businesses need to operate? Electricity, water and gasoline are near the top of the list, and recent infrastructure failings suggest the foundations of the US economy may be on shakier ground than thought. In February, extreme weather overwhelmed the electric grid in Texas, causing days of power and water outages in a state…

Media offices destroyed by Israeli airstrike in Gaza

Media offices destroyed by Israeli airstrike in Gaza

The Associated Press, Al Jazeera, and media advocacy groups are demanding answers after an Israeli airstrike destroyed a building with offices belonging to news outlets in Gaza on Saturday. The Israel Defense Forces said the building contained “Hamas military intelligence assets.” The IDF accused Hamas of treating the journalists as “human shields.” But the blowback…

CNN viewers panic after Don Lemon’s announcement about his show

CNN viewers panic after Don Lemon’s announcement about his show

It’s true: “CNN Tonight with Don Lemon” is ending after a seven year run. But he’s not going far — the show is just changing its name. Beginning Monday at 10 pm ET, the two-hour program will be called “Don Lemon Tonight.” The anchorman triggered a frenzy late Friday after he said something cryptic about…

Coca-Cola just axed another soda

Coca-Cola just axed another soda

Coke Energy, we hardly knew you. The Coke-energy-drink hybrid is being discontinued in North America, just over a year after it launched. Coke Energy hit shelves in January 2020, a few months before coronavirus began spreading across the region. However, the pandemic altered the beverage giant’s business strategy and in a statement Coke said that…

Starbucks, Publix and other places loosen mask restrictions for fully vaccinated

Starbucks, Publix and other places loosen mask restrictions for fully vaccinated

Starbucks, Publix and Walt Disney World are the latest companies to change their masking policies Saturday following new guidance from the Centers for Disease Control and Prevention. They join Trader Joe’s, Walmart, Sam’s Club and Costco, which all announced changes to their policies in recent days changes. Thursday’s sudden announcement from the CDC, which said…

Here’s what’s getting more expensive

Here’s what’s getting more expensive

Used cars, homes, lumber, gas and chicken: What do they all have in common? They’re all getting more expensive. The stimulus-fueled economy is rebounding and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher.…