Money

SABMiller's Australian brewer recalls 1 million beers

An Australian beer company owned by SABMiller is recalling more than one million bottles of beer that could contain broken glass. The recall affects Carlton Dry 355mL bottles with expiration dates of July 19 and 20, 2016. The beers, produced in October by Carlton & United Breweries in Queensland, are also marked with a “3” on the cartons, or a “3A” or “3B” on bottles. “This sort of thing is rare but we take the quality of our beers seriously,” the company said in a statement. Carlton and United sells ...

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Virgin Galactic 747 will launch rockets into space

NTSB: Human error caused Virgin Galactic crash Virgiin Galactic is using an old 747 to launch rockets into space. The plane, dubbed “Cosmic Girl,” was formerly used by sister company Virgin Atlantic to fly passengers from Europe to the United States. In its second life, it will launch unmanned rockets carrying small satellites into earth orbit. Cosmic Girl will carry the satellite and the small rocket, dubbed LauncherOne, under its left wing. After reaching its top altitude, the rocket will detach and fall away from the plane. The rocket’s engine ...

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Stocks: 4 things to know before the open

OPEC to decide on future of oil market There’s a mixed-up mood in the markets this morning and how the week closes out may well depend on the U.S. jobs report. U.S. stock futures are pointing up but most global stock markets are in the red. Here are the four things you need to know before the opening bell rings in New York: 1. Jobs report: The U.S. government is releasing its all-important November jobs report at 8:30 a.m. ET. Economists surveyed by CNNMoney expect that the economy created 192,000 ...

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ESPN app makes it easier to live-stream games

With an update to its app, ESPN is making it much easier to live-stream sports. The sports network empire is incorporating WatchESPN — its live-streaming product that cable and satellite providers support — into its main app, effective Thursday. The idea is that users can read about a game in progress and then start watching it with just a click. Senior vice president for product management Ryan Spoon said the integration “puts live streaming in front of triple the audience,” because the main ESPN app is so much more popular ...

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Asian stocks join global market rout after ECB shocks investors

Asian stocks joined a global markets selloff after the European Central Bank shocked investors by failing to deliver the dramatic stimulus moves they expected. Australia’s ASX All Ordinaries and Japan’s Nikkei both lost 1.9% in Friday morning trading, while Hong Kong’s Hang Seng Index dropped 1.2%. The dismal open in Asia followed a rough Thursday for investors around the world. Germany’s DAX and France’s CAC 40 fell 3.6%. Markets in Spain lost 2.4%. In the U.S., the Dow dropped 252 points, and the S&P 500 fell 1.4%, its worst day ...

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San Bernardino: A bankrupt city trying to turn itself around

Timeline for San Bernardino mass shooting Before the city of San Bernardino, California, was struck with a harrowing and deadly mass shooting Wednesday, it was struggling with a financial crisis. San Bernardino declared bankruptcy in 2012. It has been forced to make deep cuts in services. Residents complain of potholes in the streets, parks in disarray and slow emergency response times. Only a few years ago, the city had about 340 police officers. Now it has under 260. Lifelong resident Gary Saenz believes San Bernardino is the most under-policed city ...

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Dow drops 252 points on ECB aftershocks

How do central banks keep struggling economies afloat? Mario Draghi threw Wall Street a big curveball — and the aftermath wasn’t pretty. The Dow dropped 252 points on Thursday after the European Central Bank shocked investors by failing to deliver the dramatic stimulus moves they expected. The S&P 500 fell 1.4%, its worst day since late September, while the Nasdaq lost 1.7%. The ECB decision created shockwaves in global financial markets that rattled investors in the U.S. For instance, the euro surged 3% against the U.S. dollar. A weaker greenback ...

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FIFA vows to clean up its act. But will sponsors be satisfied?

Coca-Cola, McDonald’s want FIFA’s Sepp Blatter out World soccer officials with FIFA said Thursday they were committed to making fundamental reforms to deal with its corruption crisis. But will soccer’s key sponsors be satisfied? Coca-Cola (CCE), McDonald’s (MCD), Visa (V), Adidas (ADDDF) and AB INBEV (BUD) released a joint letter this week demanding action from FIFA. They want not only reform but long-term, independent oversight. FIFA acknowledged the pressure. “It is abundantly clear that [soccer] fans and FIFA’s commercial partners will no longer accept anything short of full transparency,” FIFA ...

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A conservative website for LGBT and minorities?

When she gazes out at the conservative media landscape, Carrie Sheffield sees an untapped audience. Sheffield, 32, is the founder and editorial director of Bold, a right-leaning news website that went live on Monday. The site has an unusual URL (www.bold.global), but that isn’t all that distinguishes it from the rest of conservative media. Sheffield wants Bold to appeal to women, millennials, African-Americans, Latinos and members of the LGBT community — groups that Republicans and conservatives have struggled to reach in recent years. “There’s a disconnect between these communities and ...

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ECB cuts key interest rate and promises more stimulus

Draghi’s options for boosting Europe’s economy The European Central Bank has cut a key interest rate and promised more measures to try to get growth and inflation moving again in Europe. The central bank said it was reducing the rate of interest it pays on bank deposits to minus 0.30% from minus 0.20%. Other rates were left unchanged. “Further monetary policy measures will be communicated by the president of the ECB at a press conference starting at [8:30 a.m. ET] today,” it said in a statement. The move had been ...

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