Category Archives: CNN – Business

Global markets drop for a third day on coronavirus fears

Global markets drop for a third day on coronavirus fears

The shock from the novel coronavirus is rocking global markets for a third consecutive day. European markets were sharply lower in early trading on Wednesday as corporate profit warnings added to fears about the economic impact of the coronavirus outbreak. Germany’s DAX dropped as much as 3% before recovering some losses, while the CAC 40…MORE

Who is Bob Chapek, Disney’s new CEO?

Who is Bob Chapek, Disney’s new CEO?

Bob Chapek now has the keys to the whole Disney empire -— not just the Magic Kingdom. The company named Chapek, previously the head of its Parks division, as its new CEO on Tuesday, replacing Bob Iger. Iger will stay on at Disney through the end of this contract on December 31, 2021, taking on…MORE

Disney became a giant under Bob Iger. The question is if he can be replaced

Disney became a giant under Bob Iger. The question is if he can be replaced

Bob Iger gradually built the Walt Disney Co. into the juggernaut that it is today -— one acquisition and expansion at a time — fueling the question of whether the CEO is irreplaceable. In one stunning, unexpected stroke, the company and media industry is about to find out. Disney shocked the media business on Tuesday…MORE

Coronavirus jitters: Chevron tells employees at London office to work from home

Coronavirus jitters: Chevron tells employees at London office to work from home

Chevron instructed its workers at its London office to work from home Tuesday after an employee experiencing flu-like symptoms was tested for coronavirus, a person familiar with the matter told CNN Business. In an abundance of caution, employees at the office located in London’s Canary Wharf business hub have been told to work remotely until…MORE

Bob Iger steps down as Disney CEO. Bob Chapek replaces him

Bob Iger steps down as Disney CEO. Bob Chapek replaces him

Bob Iger has stepped down as CEO of the Walt Disney Company, effective immediately. Bob Chapek is the new CEO, the board of directors announced on Tuesday. He most recently served as chairman of Disney Parks, Experiences and Products. Iger has assumed the role of executive chairman and will direct the company’s creative endeavors, the…MORE

Jamie Dimon had a dream that coronavirus killed Davos attendees

Jamie Dimon had a dream that coronavirus killed Davos attendees

JPMorgan Chase CEO Jamie Dimon made a joke Tuesday about the deadly coronavirus outbreak. “I had this nightmare that somehow in Davos, all of us who went there got it, and then we all left and spread it,” Dimon said Tuesday at the bank’s annual investor meeting. “The only good news from that is that…MORE

Here’s how a new labor rule could make things tougher for millions of employees

Here’s how a new labor rule could make things tougher for millions of employees

A new rule from the National Labor Relations Board could limit the responsibility of franchise operators, such as McDonald’s, for the millions of employees who work for their franchisees. The rule involves what is known as joint-employer status for that group of employees. The final rule issued Tuesday by the three Republican members of the…MORE

Apple Watches and iPhones could be used to detect a leading cause of strokes

Apple Watches and iPhones could be used to detect a leading cause of strokes

Apple is partnering with Johnson & Johnson to reduce the risk of strokes in senior citizens. J&J and Apple announced Tuesday that US citizens over the age of 65 (with a traditional Medicare plan) will be eligible to participate in clinical research through the Heartline Study app on iPhones. They’ll also have access to heart…MORE

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