New York Posts – Business

  • Unions accuse Disney World of holding $1K bonuses hostage
    by Post Staff Report on February 20, 2018 at 3:22 pm

    Mickey Mouse is holding hostages. A coalition of unions at Disney World has a federal unfair labor practice complaint accusing the Mouse House of holding hostage the $1,000 cash bonuses due their 35,000 workers — unless the employees accept the company’s contract offer. Disney proudly announced in January that thanks to expected greater profits coming... […]

  • Walmart shares fall after digital sales taper off
    by Lisa Fickenscher on February 20, 2018 at 3:18 pm

    Is that all there is? Disappointed Walmart investors raced to the exits on Tuesday after the discounter reported online sales gains had slumped significantly. Shares of the Bentonville, Ark., chain were down 9.4 percent, to $94.94 at 12:53 p.m. Walmart, which has been battling to keep pace with Amazon with its online ventures, said digital... […]

  • Wall Street isn’t sold on a CBS-Viacom merger
    by Alexandra Steigrad on February 20, 2018 at 3:49 am

    The media world may be buzzing about a potential CBS-Viacom merger, but Wall Street isn’t sold on the idea. Despite CBS’s relatively upbeat fourth-quarter results last week, the broadcaster’s stock slipped 2.4 percent on Friday, to $55.39. In fact, shares are down 5.8 percent since they initially popped on Jan. 12 on the first reports... […]

  • Shareholder lawsuit filed against Riot Blockchain
    by Carleton English on February 20, 2018 at 3:40 am

    Riot Blockchain, the biotech company that in October morphed into a cryptocurrency outfit, may soon incur some shareholder wrath following an explosive report released Friday. A Manhattan law firm on Monday said it filed a shareholder suit against the company, claiming Riot and its executives “made materially false and misleading statements about the company’s business,... […]

  • Chaos in Washington continues to worry Wall Street
    by John Crudele on February 20, 2018 at 3:15 am

    Stocks were up a bunch on Friday when the news came out that special counsel Robert Mueller had gotten an indictment against 13 Russian nationals and three Russian companies for allegedly interfering in the 2016 American presidential elections. But then they closed relatively flat, and the Nasdaq was off a bit. The first thing I... […]

  • Trump’s tax-cut growth gamble could backfire
    by John Crudele on February 20, 2018 at 3:04 am

    There’s disappointing news coming out for President Trump, and it has nothing to do with the Russians or the revelations by beautiful women. The US economy — the one and only thing that got Trump elected — isn’t doing as well as people thought just a month ago. And despite a massively dangerous gambit on... […]

  • Toy makers focus on grown-ups to boost sales
    by Lisa Fickenscher on February 20, 2018 at 2:48 am

    The toy aisle is not just for kids anymore. Raunchy card games for adults and games aimed at teens and adults are among the fastest-growing segment of the $27 billion toy industry. Toy makers are focusing on these older “kids” in hopes they can reverse sputtering growth that slumped to 1 percent last year, according... […]

  • Anonymous bitcoin trader makes $400 million bet
    by Marketwatch on February 19, 2018 at 6:04 pm

    Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No. 1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50 percent... […]

  • What the cluck? KFC runs out of chicken
    by Ruth Brown on February 19, 2018 at 5:29 pm

    A key missing ingredient in the Colonel’s special recipe forced KFC to close nearly all of its 900 restaurants across the UK and Ireland. But it isn’t any of the 11 secret herbs and spices — what’s missing is the chicken! The fast-food empire blamed the cluck-up on a new delivery company that failed to... […]

  • Mercedes maker seen as using VW-like emissions tests
    by Reuters on February 18, 2018 at 10:17 pm

    US investigators probing Mercedes maker Daimler have found that its cars were equipped with software that may have helped them to pass diesel emissions tests, a German newspaper reported Sunday, citing confidential documents. There has been growing scrutiny of diesel vehicles since Volkswagen admitted in 2015 installing secret software on 580,000 US vehicles that allowed... […]