Whataburger fans are not happy over the sale of the fast food chain. Neither is Houston Texans star J.J. Watt. The family-owned Texas chain announced Friday it was selling its majority ownership to a Chicago investment firm, prompting mixed reactions from fans and even one of the biggest names in the NFL. “Ok, I say…… MORE
Category Archives: CNN – Business
Target registers back online after widespread outage
Target cash registers were back online after a two-hour systems outage on Saturday that left exasperated shoppers venting frustrations online. In a statement, the company said the failure was not the result of a data breach or security-related issue. “The temporary outage earlier today was the result of an internal technology issue that lasted for…… MORE
India is hitting the United States with more tariffs
India just increased tariffs on US exports, dealing another blow to fragile global trade. The tariffs on several US products will go into effect on June 16, India’s finance ministry said in a statement Saturday. The goods targeted include American apples — which will be hit with a 70% tariff — as well as almonds,…… MORE
Why Walmart wants to sell its own line of steaks
Walmart wants to attract customers to its stores by offering high-quality steaks. It also wants to keep prices low. So, for the first time, Walmart is working directly with cattle ranchers to create its own Angus beef supply chain. The company announced in April that it will work with ranchers, a beef processor and a…… MORE
Volkswagen’s factory workers in the US reject union
Workers at Volkswagen’s only US factory narrowly defeated an effort by the United Auto Workers union to organize the Chattanooga, Tennessee plant. The vote announced late Friday showed only 48% of the hourly workers voting in favor of union representation, a bit closer than a similar vote five years ago but not enough to win.…… MORE
How did the NYT’s Kevin Roose crack YouTube’s algorithm? By watching a YouTube video
New York Times journalist Kevin Roose’s investigation into YouTube’s artificial intelligence started because it was the platform mentioned most frequently when he asked online extremists questions about how they were radicalized. “They kept just saying YouTube, and over and over again I heard stories about people who went to YouTube to watch gaming videos or…… MORE
MedMen expands its cannabis retail empire to Florida
MedMen Enterprises, one of the larger cannabis dispensary operations in the US, is zeroing in on Florida as it continues its US expansion. MedMen, which is based in Los Angeles and operates 35 medical and recreational cannabis stores in the US, opened a 7,550-square-foot medical marijuana dispensary in downtown West Palm Beach, Florida, on Friday.…… MORE
Whataburger sells majority ownership stake to Chicago company
The family-owned Texas chain Whataburger has sold its majority ownership to a Chicago investment firm in a bid to expand. The Chicago-based firm, BDT Capital Partners, will advise on expansion strategy and provide long-term growth capital to Whataburger, the chain said. Whataburger headquarters will remain in San Antonio, the company said in a statement. “In…… MORE
The minimum wage hasn’t gone up in nearly 10 years. That’s a new record
The US economy is setting all kinds of records this year, and one of them is the length of time the federal minimum wage has gone without an increase. America’s base pay rate has remained at $7.25 an hour since July 24, 2009 — 3,614 days ago on Sunday. That will be the biggest time…… MORE
Toyota cars will now turn themselves off if you forget
Toyota cars and SUVs with push-button ignitions will now turn themselves off after being parked for a period of time, even if the driver didn’t hit the “Engine Off” button. Cars that can be left running for hours, even after the driver has left the vehicle, have been blamed for deaths. Since 2006, a total…… MORE
