Category Archives: CNN – Business

Richard Branson secures $1.5 billion rescue for Virgin Atlantic

Richard Branson secures $1.5 billion rescue for Virgin Atlantic

Richard Branson is pumping more money into Virgin Atlantic as part of a £1.2 billion ($1.5 billion) rescue deal to keep the airline solvent just days before it is due to resume passenger flights. The carrier said in a statement Tuesday that the recapitalization plan will be deployed over the next 18 months and has…MORE

Peacock: What you need to know about NBCUniversal’s new streaming service

Peacock: What you need to know about NBCUniversal’s new streaming service

Peacock, NBCUniversal’s new streaming service, is ready to flaunt its colorful library of content and its attention-grabbing price point of $0. But will the new service stick out among the litany of streaming offerings that are already available? That’s the question that’s about to be answered for NBCUniversal’s parent company, Comcast, and the rest of…MORE

Boeing got hit with a new wave of canceled plane orders

Boeing got hit with a new wave of canceled plane orders

The flood of canceled Boeing plane orders has returned. The company reported Tuesday that 60 orders were canceled in June, mostly by aircraft leasing companies. It’s not as bad as the 150 orders canceled in March and 108 in April. But after seeing canceled orders plummet in May to only 18 cancellations, June’s 60 cancellations…MORE

Dow surges then fizzles after stocks briefly turn positive for 2020

Dow surges then fizzles after stocks briefly turn positive for 2020

The remarkable stock market comeback of 2020 briefly had another notch in its belt Monday: Stocks once again turned positive for the year. But the sizable rally fizzled late in the day, and the market turned negative. California’s decision to close indoor spaces, such as bars, restaurants and movie theaters, made some investors question whether…MORE

National French Fry Day is today. Here’s where to grab free fries

National French Fry Day is today. Here’s where to grab free fries

Today is National French Fry Day and not even coronavirus can ruin America’s love affair with the crispy golden spuds. The annual July 13 celebration gives fry lovers nationwide a chance to score deals on fries. Here’s a few places offering free or discounted fries: McDonald’s french fry fans can get a free medium-sized order…MORE

Jack Ma cashes out billions of dollars in Alibaba shares as stock booms

Jack Ma cashes out billions of dollars in Alibaba shares as stock booms

Alibaba founder Jack Ma has sold billions of dollars worth of his shares in the Chinese ecommerce company over the past year as its stock has skyrocketed by about 50%. Ma, one of China’s richest people, cut his stake from 6.2% to 4.8%, according to the company’s annual report. The report did not say when…MORE