Category Archives: CNN – Business

Exxon’s exit means there’s just one oil company left in the Dow

Exxon’s exit means there’s just one oil company left in the Dow

A shake-up in the Dow Jones Industrial Average shows just how far once mighty oil companies have fallen in the corporate pecking order. What’s happening: S&P Dow Jones Indices, which manages the benchmark index of 30 stocks, is adding Salesforce, Amgen and Honeywell to the Dow while giving ExxonMobil, Pfizer and Raytheon Technologies the boot.…MORE

Australia kills sale of a dairy business to China as trade tensions rise

Australia kills sale of a dairy business to China as trade tensions rise

China Mengniu Dairy has called off its plan to buy an Australian drinks business for $430 million after the government in Australia said it would likely oppose the deal. The proposed sale was canceled on Tuesday. The Australian company, Lion Dairy, and its owner, Japanese beverage giant Kirin, both said in separate statements that approval…MORE

The US and China say they’re making progress on trade, even as other tensions worsen

The US and China say they’re making progress on trade, even as other tensions worsen

The United States and China say they’re optimistic about the state of their trade agreement — even as the two superpowers fight over a slew of other issues, including technology and national security. High-level authorities from both countries — including US Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu…MORE

Delta Air Lines to furlough nearly 2,000 pilots in October

Delta Air Lines to furlough nearly 2,000 pilots in October

Delta Air Lines is planning to furlough 1,941 pilots in October as the airline industry struggles to rebound from coronavirus-related fallout. “We’ve said before that early retirements alone wouldn’t solve the pilot overstaffing situation caused by the Covid-19 pandemic,” said John Laughter, senior vice president of flight operations, in an internal memo to employees. Delta…MORE

KFC suspends its ‘finger lickin’ good’ slogan because of coronavirus

KFC suspends its ‘finger lickin’ good’ slogan because of coronavirus

Kentucky Fried Chicken has decided to pause using its “finger lickin’ good” slogan because … well, that’s probably not the best idea right now. Several months after health officials recommended everyone stop touching their faces to help stop the spread of coronavirus, KFC said Monday that the 64-year-old slogan “doesn’t feel quite right.” “We find…MORE

Apple stock split: Should you buy now or wait?

Apple stock split: Should you buy now or wait?

Apple has grown increasingly dominant, and its stock is soaring to new heights. The company is aiming to make it easier for more investors to get in on the action with a stock split that will lower the price on individual shares. The split follows a huge milestone for the iPhone maker — last week,…MORE

Major shakeup for the Dow Jones Industrial Average index: 3 new stocks join

Major shakeup for the Dow Jones Industrial Average index: 3 new stocks join

The Dow Jones Industrial Average is getting a massive shakeup to balance out the disruption from Apple’s stock split. Salesforce, Amgen and Honeywell International will join the Dow, replacing Exxon Mobil, Pfizer, and Raytheon, S&P Dow Jones Indicies said in a statement Monday. The changes to the 30-stock benchmark index are designed to offset Apple’s…MORE

Plunging dividends are hitting investors even as stocks rise

Plunging dividends are hitting investors even as stocks rise

Dividends plummeted between April and June as coronavirus pandemic forced companies to conserve cash — a sign of how a tough economic environment could hit investors’ pocketbooks even as stock prices push higher. Details, details: A new report from Janus Henderson published Monday found that global dividends dropped by $108 billion to roughly $382 billion…MORE

UK’s biggest supermarket adds 16,000 jobs to cope with online shopping boom

UK’s biggest supermarket adds 16,000 jobs to cope with online shopping boom

Tesco is creating 16,000 jobs to meet surging demand in its online business, delivering a rare boost to the struggling UK economy. Britain’s largest supermarket chain said in a statement on Monday that the new permanent roles are in addition to 4,000 jobs it has already added since the start of the coronavirus crisis. Workers…MORE