Category Archives: CNN – Business

UPS is turning trash into gas to clean up its emissions

One company’s trash is another company’s alternative fuel source. UPS announced on Wednesday it’s buying 170 million gallons of renewable natural gas — a fuel that is produced naturally from bio sources like landfills, dairy farms and wastewater treatment facilities. The purchase, which UPS described as the largest of its kind in US history, will…MORE

End of an era: 133-year-old Avon may sell to Body Shop parent

Avon is nearing a sale. The cosmetics brand is close to being purchased by Natura Cosmeticos, the latter company said Wednesday. The deal would be all-stock, Natura said. “The parties are currently … negotiating final contractual terms of the Transaction,” said the Brazil-based Natura in a press release. If the boards of the two companies…MORE

Blaming Brexit, British Steel collapses putting about 25,000 jobs at risk

Britain’s second biggest steel maker collapsed on Wednesday, putting about 5,000 jobs at the company directly at risk, and threatening another 20,000 at suppliers. The company was seeking a government bailout, but talks ended without agreement. The High Court ordered the company into compulsory liquidation, according to the government’s Insolvency Service. British Steel was reportedly…MORE

Quickly catch up on the day’s business news

Here’s what you might have missed Tuesday from CNN Business: Why Huawei is a target: To many observers, the ban on US companies doing business with the Chinese telecom giant came as a surprise. Here’s exactly what landed Huawei such hot water with US officials. Kohl’s struggles: At a time when traditional retailers are closing…MORE

Tampax introduces its first organic tampon

Women are looking for eco-friendly and healthy ways to deal with their periods. Procter & Gamble is betting that organic tampons will do the trick. On Tuesday, P&G’s feminine hygiene brands — Tampax and Always — debuted a new line of products called Pure. The pads and tampons are made from organic cotton and are…MORE

Why Corporate America’s mountain of debt matters

The next recession, whenever it arrives, could be deepened by Corporate America’s debt-riddled balance sheet. Encouraged by insanely low interest rates, US businesses have taken on record amounts of debt that funded hiring, acquisitions and generous rewards to shareholders. That borrowing doesn’t seem to matter much now because the economy is strong, and companies are…MORE

Despite a bold approach, Kohl’s struggles to escape department store woes

Kohl’s reinvented itself to adapt to sweeping changes in the retail industry. But the company still can’t dodge intense pressures on department stores from online rivals, big box retailers and discount chains. Sales at Kohl’s stores open at least a year dropped 3.4% during the first quarter of 2019 — the company’s first drop in…MORE

Rent the Runway investor: VCs should back more woman-led firms

Only 33 women lead Fortune 500 companies. The lack of female leadership extends to startups, too. Just 27% of private “unicorn” firms worth at least $1 billion have a woman as a founder, according to financial data company Pitchbook. That’s up from only 11% of unicorns in 2018. Anu Duggal, one of the partners of…MORE

Reusable packages are coming to Walgreens and Kroger

Kroger and Walgreens have joined an experimental new project that gives shoppers the opportunity to buy products in reusable packaging. The two retailers will be part of the Loop platform, a service that offers shoppers a greener alternative to recycling. It’s launching as a pilot program in New York, New Jersey, Pennsylvania, Maryland and Washington,…MORE