Business

Pressure is mounting in Washington D.C. to take action against Facebook’s chief executive Mark Zuckerberg for the company’s handling of customer data. Two Democratic senators voiced support for Zuckerberg to be held personally responsible for the company’s privacy fumbles following a Washington Post report that claimed the Federal Trade Commission is considering how to hold
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When Instagram exploded in popularity, so did posting photos of food. Restaurants took note of the free marketing possibilities and invented eye-catching concoctions like rainbow bagels and Starbucks’ Unicorn Frappuccino. But now the Instagram trend has evolved to include more expensive investments — from customized tiles to handmade tables. “I feel like Instagram is basically
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A Brooklyn judge on Thursday ruled against a group of parents who challenged New York City’s recently imposed mandatory measles vaccination order, rejecting their arguments that the city’s public health authority exceeded its authority. In a six-page decision rendered hours after a hearing on the matter, Judge Lawrence Knipel denied the parents’ petition seeking to
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Microsoft on Thursday said it has acquired Express Logic, a company that makes software for embedded devices. Terms of the deal weren’t disclosed. The move reflects Microsoft’s continuing focus on generating revenue around the so-called “internet of things,” which describes how a wide range of simple devices can gain functionality by connecting to the internet
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Some 60 doctors, pharmacists and other licensed medical professionals in five states are being charged in connection with illegally prescribing more than 32 million pain pills, in some cases for sexual favors, federal prosecutors said on Wednesday. The people charged across 11 federal districts, include 31 doctors, seven pharmacists, eight nurse practitioners, and seven other
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Walmart is finally getting into the subscription business for apparel. The retailer on Tuesday announced it’s partnering with Kidbox, a subscription-box company akin to Stitch Fix but focused solely on selling clothes for babies, girls and boys. Now, Walmart shoppers will be able to purchase as many as six different boxes from Walmart.com, curated by
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Airlines canceled more than 4,000 flights across the U.S. this weekend as heavy snow and thunderstorms snarled operations at major airports in cities like Chicago and Dallas, leaving some travelers stranded overnight. Storms dumped more than 5.3 inches of. snow at O’Hare International Airport on Sunday, prompting airlines to cancel more than 1,000 flights. Those
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Jeep is the highlight of Fiat Chrysler‘s portfolio, with record sales helping to make up for the Italian-American conglomerate’s slow growth in other sectors. The reason why is simple: people love Jeeps. From the Fiat-based, compact Renegade to the 707-horsepower Grand Cherokee Hellcat, the Jeep brand offers a sense style, personality and ruggedness that fits
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Even though it wasn’t the rocket’s debut, “there’s been a lot of anticipation” for the massive Falcon Heavy rocket’s first commercial launch, said Ann Kim, a managing director at Silicon Valley Bank. SpaceX flew Falcon Heavy flawlessly on Thursday, putting into orbit a large Saudi Arabian communications satellite. But to Kim, while the launch’s execution
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Bristol-Myers Squibb shareholders approved the pharmaceutical giant’s $74 billion acquisition of cancer drugmaker Celgene in a vote on Friday. The deal, announced in January, was hard sell to Bristol shareholders from the start and the approval concludes a tumultuous period for Bristol, which saw push back from institutional investors. The acquisition adds about $32 billion
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Disney Chairman and CEO Bob Iger explained to CNBC’s David Faber that he believes customers will flock to the company’s new streaming service, Disney+, thanks to a unique combination of factors. “I’m pretty optimistic about the ability for this thing to work. Particularly when you make it accessible because of the content we’re putting on,
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Executives from the nation’s largest pharmacy benefit managers denied Tuesday that the industry’s so-called “backdoor deals” with drug manufacturers are responsible for the increasingly higher prices patients pay for medication, pointing the finger at Big Pharma instead. The companies — CVS Health, Cigna, OptumRx, a subsidiary of UnitedHealthcare, Prime Therapeutics and Humana — said rebates
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Every week — generally on Thursdays — MIcrosoft CEO Satya Nadella and his top lieutenants convene to discuss the company’s growing number of artificial intelligence projects. Known as AI 365, the meetings started over a year ago and reflect Microsoft’s increased emphasis on AI across the product portfolio, Chief Technology Officer Kevin Scott told CNBC
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Amazon‘s satellite internet plan is increasingly looking like the one Elon Musk has at SpaceX, with thousands of spacecraft that are compact in size. Among the reasons for the similarities, people tell CNBC, is that Jeff Bezos has hired some of Musk’s previous senior management. Former SpaceX vice president of satellites Rajeev Badyal and a
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Mondelez and Campbell’s Soup are locked in a stalemate over the sale of the soup company’s Arnott’s cookie brands, people familiar with the matter tell CNBC. The Oreo-owner submitted a final offer a few weeks ago for Campbell’s international business, including Arnott’s, that was below Campbell’s roughly $3-billion price expectation, the people said. The two
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