Category Archives: CNN – Business

Disney CEO explains why it’s safe to go back to Disney World

Disney CEO explains why it’s safe to go back to Disney World

Disney World is set to reopen, but is it safe to return to the “most magical place on earth”? Disney CEO Bob Chapek believes so. The Disney resort located in Orlando, Florida plans to reopen on July 11 for its Magic Kingdom and Animal Kingdom parks and July 15 for EPCOT and Hollywood Studios, the…MORE

Starbucks mugs and tumblers are in hot demand from bargain hunters

Starbucks mugs and tumblers are in hot demand from bargain hunters

Forget Gucci, Chanel or Louis Vuitton. It’s Starbucks that’s emerged as a hot brand for bargain hunters. Shoppers in the past several weeks have flocked to popular resale marketplaces like Poshmark and OfferUp to score mugs, tumblers and cups bearing the Seattle-based chain’s brand. Poshmark CEO Manish Chandra said a pandemic-triggered nostalgia for Starbucks drinks…MORE

Disney World sets reopening date

Disney World sets reopening date

Disney World will reopen its gates, ending a multi-month closure of the park that left the Walt Disney Company reeling. The Disney theme park, which employs some 70,000 people, plans to begin a phased reopening on July 11 for its Magic Kingdom and Animal Kingdom parks and July 15 for EPCOT and Hollywood Studios, the…MORE

Tuesday Morning files for bankruptcy and will close 230 stores

Tuesday Morning files for bankruptcy and will close 230 stores

Discount home goods retailer Tuesday Morning filed for bankruptcy, blaming Covid-19 for prolonged store closures that caused an “insurmountable financial hurdle.” The Dallas-based chain said Wednesday it will permanently close approximately 230 of its nearly 700 US stores in cities where “too many locations are in close proximity.” The first phase of closures, which includes…MORE

GE is saying goodbye to its 129-year-old light bulb business

GE is saying goodbye to its 129-year-old light bulb business

General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division to smart home company Savant Systems. The deal marks the latest step…MORE