Category Archives: CNN – Business

Marriott discloses data breach possibly affecting over 5 million customers

Marriott International was the target of another hack, but this wasn’t as massive as the previous one. The hotel chain said Tuesday it recently discovered that someone using the log-in information of two employees accessed an “unexpected amount of guest information” totaling more than 5 million guests. Marriott believes the incident happened between mid-January and…MORE

Car sales are plunging in the US because of coronavirus

US car sales fell sharply in March, the latest blow to the nation’s economy from the coronavirus outbreak. Fiat Chrysler announced Wednesday that its first-quarter sales in the United States fell by 10% even though sales were up the first two months of the quarter. “Strong momentum in January and February was more than offset…MORE

N95 masks are in short supply — and scammers know it

N95 masks are in short supply — and scammers know it

The urgent and overwhelming demand for N95 masks has created fertile ground for scammers to start leaking counterfeits into the supply chain and to make fake deals for product that doesn’t exist. Two leading N95 mask manufacturers have issued fraud warnings amid the coronavirus pandemic, saying they’ve received complaints about fraudsters trying to sell nonexistent…MORE

Coronavirus is testing the power of unionized newsrooms

Coronavirus is testing the power of unionized newsrooms

Since joining at The Arizona Republic in 2008, reporter Rebekah Sanders has seen many rounds of layoffs, buyouts and furloughs at the Gannett-owned newspaper. “Every single time I felt helpless,” Sanders told CNN Business. “There was nothing that I could do. I could go home and be angry. I could complain to my coworkers, but…MORE

The $94 billion fitness industry is reinventing itself as Covid-19 spreads

The $94 billion fitness industry is reinventing itself as Covid-19 spreads

As the coronavirus continues to spread, fitness studios around the country are shutting their doors and adjusting to a new reality. The sudden shift has inspired creativity and flexibility for gyms and studios, which are largely dependent on physical locations and on-site staff. The changes have rocked the fitness industry, which was worth $94 billion…MORE

WarnerMedia names Hulu’s founding CEO as new chief

WarnerMedia names Hulu’s founding CEO as new chief

With WarnerMedia preparing to launch its new streaming service HBO Max, the company is adding a streaming TV pioneer as CEO: Jason Kilar, the founding CEO of Hulu. CNN is a division of WarnerMedia, along with HBO, Warner Bros, TNT, TBS, and other media assets. Kilar will join the company on May 1. Kilar will…MORE

The next hit to your retirement fund: Disappearing dividends

The next hit to your retirement fund: Disappearing dividends

Pension funds and other investors are smarting from the worst quarter for stocks since 2008. Now many are bracing for more pain as companies slash dividend payouts in the face of a global recession that is wiping out their revenue and putting millions of their workers out of a job. Banks have already started ditching…MORE

1.1 million autoworkers are off the job in Europe

1.1 million autoworkers are off the job in Europe

More than 1.1 million autoworkers have been forced to stay home in Europe as the coronavirus pandemic closes plants and brings production in the region to a standstill. The European Automobile Manufacturers’ Association said that factory closures have so far affected roughly 40% of workers directly employed in vehicle manufacturing in Europe. The work stoppage…MORE