Business » Corporate

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Billionaire David Koch, Conservative Donor, Dies at Age 79

Billionaire David Koch, Conservative Donor, Dies at Age 79

By Steve Peoples | Aug 23
David H. Koch, executive vice president of Koch Industries Inc. and a long-time philanthropist, has died at age 79.

Overstock CEO Resigns After 'Deep State' Comments Roil Stock

Overstock CEO Resigns After 'Deep State' Comments Roil Stock

Aug 23
The CEO of Overstock.com has resigned, saying he'd become "far too controversial" to helm the e-commerce company known for selling discounted sofas and jewelry.

Peppa Pig to Get New Owner: GI Joe Maker Hasbro

Peppa Pig to Get New Owner: GI Joe Maker Hasbro

Aug 23
Hasbro is going whole hog on Peppa Pig.

Board Game Maker Hasbro to Cut Plastic Use in Toymaking

Board Game Maker Hasbro to Cut Plastic Use in Toymaking

By Joseph Pisani | Aug 21
Hasbro is giving plastic packaging the boot. The toy maker said Tuesday that all its packaging for new products will be mostly plastic free by the end of 2022.

Department Stores Make Room for Used Fashion

Department Stores Make Room for Used Fashion

By Anne D'Innocenzio | Aug 21
Out with the new and in with the old. As department stores watch their customers flock to second-hand stores, some are trying to bring them back by partnering with online resale sites.

Ice Cream Company Behind Offensive Spotify Ad Offers Apology

Ice Cream Company Behind Offensive Spotify Ad Offers Apology

By Kilian Melloy | Aug 20
Magnum has tendered an apology for the Spotify ad that shocked British listeners recently when an accented male voice narrated a comparison between the "guilty pleasure" of a same-sex hug and the enjoyment of ice cream.

Southwest Reveals Plans to Offer Inter-Island Hawaiian Flights

Southwest Reveals Plans to Offer Inter-Island Hawaiian Flights

Aug 19
Southwest Airlines has announced plans to offer interisland flights across Hawaii, officials said.

Leaked UK Memos Warn of Food, Drug Shortages in Brexit Chaos

Leaked UK Memos Warn of Food, Drug Shortages in Brexit Chaos

By Raphael Stater | Aug 19
Secret British government documents have warned of serious disruptions across the country in the event that the U.K. leaves the European Union without a trade deal on Oct. 31, according to a report.

Trump Economic Adviser Dismisses Fears of Looming Recession

Trump Economic Adviser Dismisses Fears of Looming Recession

By Kevin Freking | Aug 18
President Donald Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets and predicting the economy will perform well in the second half of 2019.

Eataly Severs Ties with Mario Batali amid Misconduct Scandal

Eataly Severs Ties with Mario Batali amid Misconduct Scandal

Aug 18
Chef Mario Batali, whose career crumbled amid sexual misconduct allegations, no longer owns a stake in Eataly, the Italian marketplaces he once heavily promoted.

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