Category Archives: CNN – Business

AB InBev accuses rival of obtaining the secret recipe for Bud Light

AB InBev accuses rival of obtaining the secret recipe for Bud Light

Anheuser-Busch InBev has accused rival brewer Miller Coors of obtaining the secret recipes for Bud Light and Michelob Ultra, the latest shot in a long running legal dispute. The world’s largest brewer claimed Thursday in US court documents that Miller Coors, a subsidiary of Molson Coors, has obtained the “precise recipes” for some of its…MORE

Dave & Buster’s replaces Impossible Burger with competitor

Dave & Buster’s replaces Impossible Burger with competitor

Dave & Buster’s is taking the Impossible Burger off its menu, and swapping it out for a competitor. “We’ve upgraded to Lightlife,” Art Carl, vice president of culinary and beverage for Dave & Buster’s said in a statement Thursday. Lightlife has been making vegan products for decades, and this year launched a burger that, like…MORE

With China’s latest GDP data, it’s hard to ignore fears about global growth

With China’s latest GDP data, it’s hard to ignore fears about global growth

Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. China’s growth dropped to its lowest level in nearly three decades as the world’s second largest economy continues to feel the pain from its trade conflict with the United States.…MORE

The Aramco IPO will help destroy the planet, environmental groups warn

The Aramco IPO will help destroy the planet, environmental groups warn

Saudi Aramco is trying to pull off a monster IPO that will be a major rainmaker for Wall Street. But environmental groups are urging big banks to help save the planet by refusing to work on the lucrative deal. In a letter to Goldman Sachs, JPMorgan Chase and other leading investment banks, the environmental activists…MORE

Five Disney fans could get $1,000 for binge-watching movies

Five Disney fans could get $1,000 for binge-watching movies

Calling Disney fans — some of you could earn $1,000 by binge-watching your favorite movies. Media site Review.org said it is seeking the “biggest, baddest Disney fan” to watch 30 of their favorite movies and TV shows on the Disney+ streaming service in the 30 days after the platform launches on November 12. Candidates are…MORE

Renault’s problems are piling up. Now its sales are slumping

Renault’s problems are piling up. Now its sales are slumping

Renault has told investors to expect weaker sales in 2019, a warning that raises new concerns about the health of the French carmaker after it ousted its second CEO in less than a year. The carmaker said in a statement late on Thursday that it expects revenue to decline by up to 4%, instead of…MORE

China’s economic growth drops to lowest level since 1992

China’s economic growth drops to lowest level since 1992

China’s growth dropped last quarter to its lowest level in nearly three decades, as the world’s second largest economy continues to feel the pain from the trade war with the United States. China’s gross domestic product grew by 6% in the three months to September 30, the weakest quarterly growth rate since 1992 and down…MORE

Goldman Sachs spends less on employee pay as it focuses on tech products

Goldman Sachs spends less on employee pay as it focuses on tech products

Goldman Sachs is spending less on employee compensation and more on ramping up tech ventures. The bank’s chief financial officer, Stephen Scherr, said this week that the percent of revenue spent on employee pay is expected to decline as the company zeroes in on tech-based ventures and “four key projects” — which include Apple Card,…MORE

50,000 striking GM workers will now vote on tentative agreement

50,000 striking GM workers will now vote on tentative agreement

Striking General Motors workers will remain on the picket lines for at least another week, even as the United Auto Workers national council voted to recommend a tentative agreement with GM for ratification. This means the nearly 50,000 rank-and-file workers, who began their strike September 16, will now have an opportunity to vote on the…MORE

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