Money

Stephen Colbert to appear on late night talk show in Russia

Colbert responds to Trump’s ‘no talent’ insult Stephen Colbert is in Russia this week and he’s scheduled to make an appearance on a late night Russian talk show. The official Instagram account for “Evening Urgant” posted a series of photos over the weekend that teased this week’s guest line-up. Eight swipes in is Colbert’s photo, which appears with text that reads “June 22.” It’s not clear if that is the date Colbert’s appearance will air or if that is when it will be taped. Host Ivan Urgant also posted a ...

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EpiPen maker's $98 million payout is just way too much, shareholders say

Mylan CEO grilled by Congress over EpiPen price hikes EpiPen maker Mylan got a rare scolding from shareholders who are fuming over a $ 98 million pay package for its former CEO. A majority of Mylan shareholders on Thursday rejected the drug company’s 2016 plan for paying its executives. Critics have blasted the plan as outrageous given the controversy over EpiPen price hikes. It’s highly unusual for investors to vote down “say-on-pay” proposals. The Mylan vote signals deep dissension over the $ 98 million in compensation awarded to former CEO ...

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Mark Zuckerberg explains why he just changed Facebook's mission

Zuckerberg: ‘We have a responsibility to do more’ Mark Zuckerberg has spent the last dozen years making sure you know what your friends’ babies look like and what your high school friends think about politics. And, of course, transforming media and politics by presenting news and opinion — true and fake — to billions of people around the world. Now the Facebook CEO is acknowledging that connecting people online isn’t enough. “We used to have a sense that if we could just do those things, then that would make a ...

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Boeing vs. Airbus: A new winner emerges at the Paris Air Show

Jaw-dropping aerobatic feats at Paris Air Show Final score: Boeing 571, Airbus 326. Boeing has claimed bragging rights over Airbus at the Paris Air Show, winning more aircraft deals at the biennial event than its European arch-rival for the first time since 2012. Boeing(BA) is leaving the show with orders and commitments for more than 571 new aircraft worth $ 74.8 billion at list prices. Airbus(EADSF), based in the southern French city of Toulouse, secured 326 new orders worth $ 39.7 billion. “I’ve never been this busy, I’ve never been ...

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Facebook summit; Stress tests; More oil pain

Click chart for more in-depth data. 1. Spotlight on Facebook:Facebook(FB, Tech30) will hold its first-ever “community summit” on Thursday and Friday in Chicago. The social network has described the event as a way to celebrate the “community builders” who administer Facebook groups. Laurie Segall of CNN Tech has an interview with CEO Mark Zuckerberg about his vision for building online communities. 2. Bank stress: The U.S. Federal Reserve will release the results of its Dodd-Frank stress tests at 4:30 p.m. ET on Thursday. The tests are used to determine whether ...

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WannaCry cyberattacks are still happening. Just ask Honda.

How to protect yourself from hackers It’s not making as many headlines as a month ago, but the WannaCry worm is still crawling through the internet. Just this week, automaker Honda(HMC) said the ransomware virus infected computers at one of its plants in Japan, disrupting vehicle production. About 1,000 units were not produced as planned at the Sayama factory near Tokyo when WannaCry attacked “several older production line computers” on Monday, causing them to shut down, a spokesperson for Honda told CNNTech. Honda said production returned to normal Tuesday and ...

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How safe are America's biggest banks?

Yellen: U.S. banks are lending and globally competitive The nation’s biggestbanks are set to get the results of their annualfinancial health checkup. On Thursday, the Federal Reserve will release the results of round one of its “stress tests,” which determine whether banks are financially strong enough to weather a severe recession. The more closely watched day by investors will come next Wednesday, when the Fed tells banks whether they showed good enough judgment this year to buy back stock or pay dividends to shareholders. Regulators are sizing up 34 institutions,including ...

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American Airlines and uniform supplier cut ties after allergy complaints

American Airlines has been at odds for months with the union that represents its flight attendants. The issue: new uniforms. Employees say the garments have triggered allergic reactions and health issues including headaches, rashes and breathing problems. The union has demanded that American recall them. But American and the company that supplies the uniforms, Twin Hill, have both said multiple lab tests have confirmed the clothes are completely safe — though the airline has offered employees new uniform options in response to complaints. Now, American(AAL) said it is ready to ...

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Trump to end interview drought with — who else? — 'Fox & Friends'

This is why Trump loves ‘Fox & Friends’ After more than a month of ducking reporters and communicating almost exclusively through his Twitter account, President Donald Trump is finally ready to give an interview. Just don’t expect any hard-hitting questions. Fox News announced Wednesday that Trump and First Lady Melania Trump will give an exclusive interview with “Fox & Friends” co-host Ainsley Earhardt. It will be conducted Thursday at the White House, and will air Friday morning on Fox. By then, it will have been 41 days since the public ...

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PNC Bank is closing the Marijuana Policy Project's account

Will recreational marijuana soon be legal nationwide? PNC Bank is closing its account with an influential marijuana legalization group, the Marijuana Policy Project. The group claims it’s being singled out because of its ties to the pot industry. “They have notified us that they intend to close it,” Marijuana Policy Project spokesman Mason Tvert told CNNMoney. “It’s because we accept contributions from businesses or individuals who are involved with state regulated marijuana businesses.” The organization does not deal directly with the sale or distribution of marijuana, Tvert said.But the 22-year-old ...

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