JCPenney was once a shopping giant. Can it make a comeback?

New York CNN Business — Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of twentieth-century retail for middle-class Americans seeking affordable clothing and home furnishings, JCPenney has struggled for more than a decade and fell into bankruptcy shortly after the Covid-19 pandemic in 2020. But Rosen, … Read more

A look back at Elon Musk’s chaotic first month at Twitter

CNN — Sunday officially marks one month since the world’s richest man took the helm at Twitter. At that time, Elon Musk initiated mass layoffs and gave remaining employees a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched – then punted – a plan to charge for Twitter’s … Read more

A rail strike won’t screw up your holidays. But it’ll affect you in many ways

New York CNN Business — So once again the nation and its economy is facing the risk of a massive freight railroad strike, this one as soon as Dec. 9. But about the only thing you don’t need to worry about is whether it will affect your holiday shopping plans. (It won’t.) A prolonged rail … Read more

SpaceX to launch tomato seeds, other supplies to the space station

CNN — SpaceX will once again try to get a fresh haul of supplies to the International Space Station this weekend after bad weather at the launch site forced the company to wave off its first attempt. The mission is set to take off from NASA’s Kennedy Space Center in Florida at 2:20 pm ET … Read more

Virginia Walmart shooting: Authorities identify the youngest of 6 victims in a deadly mass shooting in Chesapeake

CNN — The youngest victim in this week’s mass shooting inside a Walmart in Chesapeake, Virginia, is a 16-year-old employee who reportedly used his first paycheck to buy his mother a gift before he was killed two days ahead of Thanksgiving. Fernando Chavez-Barron, along with five other coworkers, was shot and killed Tuesday night when … Read more

Apple has a huge problem with its supplier’s iPhone factory in China

Hong Kong CNN Business — A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of … Read more

Virginia Walmart shooting: Victims remain hospitalized days after a mass shooting in a Virginia Walmart left 6 employees dead

CNN — As authorities investigate this week’s mass shooting inside a Walmart in Chesapeake, Virginia, at least two employees remained hospitalized after a manager killed six coworkers before taking his own life. The shooting on Tuesday night – two days before Thanksgiving – began minutes after 10 pm inside the employee break room, where some … Read more

Walmart mass shooting: The motive behind the attack in Chesapeake, Virginia, is unclear

CNN — After an ordinary workday turned deadly at a Walmart in Chesapeake, Virginia, survivors and investigators are spending the Thanksgiving holiday questioning the motive of an employee who opened fire on coworkers, killing six before fatally turning the gun on himself. Employees were preparing for an overnight shift when a manager opened fire with … Read more

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Hong Kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes … Read more

An employee had a gun to her forehead, others ran for their lives: Witnesses describe the Chesapeake Walmart shooting

CNN — Although Jessie Wilczewski had only been working at the Chesapeake, Virginia, Walmart for a few days, her Tuesday night shift started like all the rest, with a routine team meeting in the break room. But moments after that meeting began, Wilczewski found herself face to face with her team leader, who held a … Read more