Category Archives: CNN – Business

Pinterest IPO; Unilever’s healthy boost; Qualcomm soars

1. Pinterest goes public: Wall Street is getting yet another high-profile tech IPO: Pinterest. The image bookmarking social network priced its initial public offering at $19 a share on Wednesday, above its original proposed price range of $15 to $17 a share. Shares will begin trading Thursday on the New York Stock Exchange under the…MORE

Facebook collected 1.5 million users’ email contacts without their knowledge

Facebook has admitted that it collected up to 1.5 million users’ email contacts without their consent, in the latest privacy issue to hit the giant tech firm. The world’s biggest social network said Wednesday night that the email contact lists had been “unintentionally” uploaded to Facebook following a design change almost two years ago, and…MORE

JPMorgan names CFO Marianne Lake to lead consumer lending business

Last week, JPMorgan’s Jamie Dimon and other bank CEOs were asked at a hearing on Capitol Hill whether women and minorities would likely succeed them. Dimon demurred. On Wednesday, JPMorgan announced that CFO Marianne Lake is leaving her post to take the reins of the bank’s consumer lending business. She will oversee JPMorgan’s card services,…MORE

Hollywood writers escalate war with lawsuit against talent agencies

The Writers Guild of America has escalated its war against talent agents, filing a lawsuit on Wednesday against the four major agencies that seeks to establish the illegality of the practice of packaging fees. The guild and eight writers are acting as plaintiffs in the case, which was filed in California Superior Court against William…MORE

Philip Morris needs to kill smoking to survive

Philip Morris International, the company that sells Marlboro, Chesterfield, Parliaments and other brands internationally, thinks smoke-free products may be the solution to the company’s longstanding cigarette problem. The company’s cigarette shipment volumes have faltered as more smokers ditch the habit. But shipments of the company’s heated tobacco devices, called IQOS, are soaring. To bolster the…MORE

Disney donates $5 million to help rebuild Notre Dame

Disney is joining the efforts to help restore Notre Dame. Disney is donating $5 million in aid to help rebuild the 850-year-old cathedral after a fire severely damaged it this week, the company announced Wednesday. “Notre-Dame is a beacon of hope and beauty that has defined the heart of Paris and the soul of France…MORE

Microsoft’s new Xbox doesn’t use any discs

Think inside the box. Microsoft is heralding an all-digital gaming future with the announcement of its new Xbox One S All-Digital Edition. The move brings us closer to making video game discs into museum relics alongside the old Sega and Nintendo cartridges from previous consoles. With the new all-digital Xbox, gamers will be able to…MORE

Official warning to banks: Get real about climate change or risk going bust

Central bankers and finance regulators have warned banks to act urgently to fight climate change or risk going bust. The policymakers argue in a new report that banks must lend to responsible partners and invest sustainably or face severe economic disruption and a collapse in asset prices. The Network for Greening the Financial System, which…MORE