Category Archives: CNN – Business

PepsiCo is suing farmers in India for growing the potatoes it uses in Lays chips

PepsiCo is suing four farmers in India for copyright infringement, claiming they were growing a variety of potatoes trademarked by the company for exclusive use in its Lays potato chips. The lawsuits were filed earlier this month by the company’s Indian subsidiary, and will be heard by a district court in the western Indian state…MORE

Cooper Hefner’s new media venture is ‘Fifty Shades’ meets BuzzFeed

The late Hugh Hefner’s youngest son is getting ready to strike out on his own with the launch of his own media company. The 27-year-old Cooper Hefner recently announced that he’s taking on the world of digital media with Hefner Media Corporation — which will include a website called HefPost — capitalizing on a family…MORE

Netflix’s not-so-secret weapon to win the streaming wars

Netflix is arming itself for an intensifying streaming war against well-heeled rivals. Faced with staggering content costs, Netflix is turning to a reliable recipe to meet its vast cash needs: raising junk bonds. Netflix, bracing for competition from the likes of Disney, revealed plans this week to issue another $2.2 billion of high-yield debt. The…MORE

This new fund makes investing in marijuana easier than ever

Invest in weed, you only live once! That’s the tag line of the newest cannabis ETF on the block. The AdvisorShares Pure Cannabis ETF, with the ticker YOLO, made its market debut last week. It is the second weed-focused exchange traded fund on the market. Last year, the ETFMG Alternative Harvest ETF premiered with the…MORE

Chipotle shares drop sharply on news that US health investigation is expanding

Chipotle hasn’t put its past health problems behind it. The company revealed in an SEC filing on Thursday that it received a new subpoena from US federal prosecutors on April 18 requesting information related to illnesses traced back to restaurants in Simi Valley, California; Sterling, Virginia; Boston and Los Angeles. Information regarding those restaurants was…MORE

‘Avengers: Endgame’: How much will Marvel’s epic finale make this weekend?

“Avengers: Endgame” has the potential to shatter records this weekend as Marvel fans around the world flock to theaters to see how the epic saga ends. The highly-anticipated sequel to last year’s “Avengers: Infinity War” is on track to have the highest-grossing opening weekend in box office history both domestically and globally. The record is…MORE

Wall Street is killing the European investment bank

Europe’s biggest investment banks are getting trounced by their American competitors. And it’s not clear they’ll be able to make up lost ground any time soon. Barclays, Credit Suisse and UBS reported another round of lackluster investment banking results this week. And Deutsche Bank disclosed Thursday that first quarter revenue from its corporate and investment…MORE

3M, the company that makes Scotch tape, is cutting 2,000 jobs

3M, which makes Post-It notes and Scotch tape, is cutting 2,000 jobs around the world. The industrial manufacturer made the announcement Thursday as it reported weak sales during its most recent quarter and darkened its outlook for the year ahead. Sales slid 5% to $7.9 billion last quarter compared to the same time period a…MORE

Adidas is making a recyclable shoe

Adidas is trying to achieve its sustainability goals with a recyclable running shoe. It took the company nearly 10 years to figure out how to build a shoe that can be recycled and turned into another shoe, Adidas said in a statement last week. The new shoe, called Futurecraft.Loop, is made out of a single…MORE

An NFL star gave his teammates Amazon stock. There’s a better gift

Are you looking for the perfect Mother’s Day or birthday present? What about stocks? Seattle Seahawks quarterback Russell Wilson gave the gift that keeps on giving, when he gifted 13 of his teammates’ $12,000 worth of Amazon stock this week. Amazon is looking like a pretty good stock selection. The online retailer’s shares are up…MORE