Enron Fast Facts | CNN
CNN — Here’s a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001 bankruptcy filing was the largest…
Read more Enron Fast Facts | CNNTag: iab-business accounting & finance
Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback | CNN Business
New York CNN — Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season with strong sales results for…
Read more Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback | CNN Business
Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list | CNN Business
New York CNN — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring…
Read more Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list | CNN Business
Rite Aid files for bankruptcy | CNN Business
New York CNN — Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to…
Read more Rite Aid files for bankruptcy | CNN Business
Samsung flags 78% profit drop as chip demand remains weak | CNN Business
Hong Kong CNN — Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower than usual demand for consumer…
Read more Samsung flags 78% profit drop as chip demand remains weak | CNN Business
Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft | CNN Business
New York CNN — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing…
Read more Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft | CNN Business
The big bottleneck for AI: a shortage of powerful chips | CNN Business
CNN — The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop and field AI models. The…
Read more The big bottleneck for AI: a shortage of powerful chips | CNN Business
Illinois passes a law that requires parents to compensate child influencers | CNN Business
CNN — When 16-year-old Shreya Nallamothu from Normal, Illinois, scrolled through social media platforms to pass time during the pandemic, she became increasingly frustrated with the number of…
Read more Illinois passes a law that requires parents to compensate child influencers | CNN Business
Nvidia’s quarterly sales double on the back of AI boom | CNN Business
New York CNN — The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia. Nvidia’s stock jumped as much as 9% in after-hours trading Wednesday…
Read more Nvidia’s quarterly sales double on the back of AI boom | CNN Business
T-Mobile to lay off 5,000 employees | CNN Business
New York CNN — T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks. The…
Read more T-Mobile to lay off 5,000 employees | CNN Business
Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN Politics
CNN — The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump…
Read more Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN Politics
LinkedIn is cutting more than 650 jobs | CNN Business
New York CNN — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform…
Read more LinkedIn is cutting more than 650 jobs | CNN Business
Michael Cohen to take stand in fraud trial of his former boss, Donald Trump | CNN Politics
CNN — Michael Cohen was once one of Donald Trump’s most loyal allies. But after going to jail for tax crimes and lying to Congress, Cohen, Trump’s former…
Read more Michael Cohen to take stand in fraud trial of his former boss, Donald Trump | CNN Politics
Apple’s sales fall for the third consecutive quarter | CNN Business
CNN — Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue…
Read more Apple’s sales fall for the third consecutive quarter | CNN Business
Lordstown Motors files for bankruptcy and sues former partner Foxconn | CNN Business
CNN — Lordstown Motors filed for bankruptcy protection Tuesday and announced a lawsuit against Foxconn, accusing its former partner of setting out to “destroy” its business. The electric…
Read more Lordstown Motors files for bankruptcy and sues former partner Foxconn | CNN Business
Lachlan Murdoch: No change in strategy at Fox News | CNN Business
New York CNN — Despite a turbulent and expensive few weeks, Fox News isn’t changing course. Fox Corp. CEO Lachlan Murdoch said there will be no change in…
Read more Lachlan Murdoch: No change in strategy at Fox News | CNN Business
Apple posts second consecutive quarterly revenue decline | CNN Business
CNN — Apple on Thursday reported that its revenue fell 3% to $94.8 billion for the first three months of the year as consumers scale back spending on…
Read more Apple posts second consecutive quarterly revenue decline | CNN Business
Ford cuts price of the Mustang Mach-E again | CNN Business
New York CNN — Ford is once again cutting the price of its electric SUV, the Mustang Mach-E, as it ramps up its price war with Tesla. Tesla,…
Read more Ford cuts price of the Mustang Mach-E again | CNN Business
Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN Business
New York CNN — Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN. Final bids are due…
Read more Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN Business
NBCUniversal CEO stepping down over ‘inappropriate relationship’ | CNN Business
New York CNN — NBCUniversal CEO Jeff Shell is leaving the company after an outside investigation “into a complaint of inappropriate conduct,” its parent company Comcast announced Sunday.…
Read more NBCUniversal CEO stepping down over ‘inappropriate relationship’ | CNN Business