Here is the latest Company News from CNN Money.
FBI gun background checks headed for another record year
As a terrorist in Orlando took 50 lives on Sunday, marking the deadliest mass shooting in U.S. history, gunmakers may see a sales spike.
SeaWorld offers ‘thoughts and prayers’ after mass shooting in Orlando
The mass shooting in Orlando caused some of the city’s theme parks to respond.
Orlando shooter worked for global security firm
Omar Mateen’s employer said Sunday it was ‘shocked and saddened’ by news that he killed 50 people at an Orlando, Florida, nightclub.
Chipotle dethroned as America’s favorite Tex-Mex brand
Chipotle loses top billing as the strongest Mexican-style restaurant chain to Moe’s Southwest Grill and Taco Bell.
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These airlines are about to start flying to Cuba
Get ready to book your flight to Cuba. Six U.S. airlines received government approval to fly to Cuba.
Aeropostale gets a $160 million lifeline
Aeropostale wins bankruptcy court approval for a $160 million loan in another effort to turnaround the troubled teen retailer.
Banks having worst start to a year since 2011
Bank of America, Goldman Sachs and Citigroup are all having a terrible 2016. Big banks are under heavy pressure from insanely low bond rates around the world.
Tesla releases cheaper version of Model S
Electric car fans looking to save a few bucks just got a break.
Why China wants U.S. military jet engines
A recent conviction in a Florida court hints at how far China might be willing to go to get its hands on high-tech U.S. jet engines to beef up its military capabilities.
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Facebook now lets you comment with a video
Facebook has made it possible for users to upload a video when commenting on a post.
21 states sue Delaware over millions in uncashed checks
Attorneys General from 21 state charge Delaware wrongly holding onto at least $150 million from uncashed checks.
Google wants to beam super-fast Wi-Fi into your home
Google is looking into technology that allows high speed internet access to be beamed directly to customers.
No more kids on Tinder
Tinder won’t let minors under 18 use its match app anymore.
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Viacom determined to sell Paramount, despite Redstone objections
An ongoing legal drama and opposition from Sumner Redstone’s representatives won’t stop Viacom from moving forward with its plans to sell a stake in Paramount Pictures.
123456 is the most common password in a massive Twitter heist
Read full story for latest details.
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Disney CEO: U.S. taxes are ‘too high’ and ‘ridiculously complex’
Disney CEO Bob Iger thinks companies — including his — are simply paying too much in tax to Uncle Sam.
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Getting OLD but want to be SLIM? There are ETFs for that
Janus launched four new thematic ETFs to reflect that Americans are getting older and fatter — even though many of us are tyrying to eat healthier and work out more often.
Dell really wants you to work from home … if you want
Dell is aiming to have 50% of employees work from home either full-time or a few days a week by 2020.
Disney CEO: China is tough but a ‘great opportunity’
Disney CEO Bob Iger says China is challenging but still offers a great opportunity to grow.
Nasdaq back near 5,000. Tech rebound? Not exactly
Read full story for latest details.
Layoffs in aisle 4! Retailers are big job killers
Macy’s, Nordstrom, Ralph Lauren and other big retailers have been laying off workers this year due to disappointing sales. Only the struggling energy sector has cut more jobs than retail.
South Dakota corn may be fueling your next flight
Two Alaska Air planes have completed commercial flights powered by a mixture of traditional jet fuel and a biofuel made from corn.
The 10 most valuable brands of 2016
Move over Apple! Google is now the most valuable brand in the world, according to a BrandZ ranking.
Keurig discontinues Kold brewer and offers refunds
Keurig is discontinuing its Kold brewing system after just 10 months on the market. The company will also cut 130 jobs as a result of discontinuing the product.
Big time lawyers get first pay raise in nearly a decade
Read full story for latest details.
Walmart investors are smiling once again
Walmart’s stock is surging this year while most retailers have struggled. Investors like the company’s renewed focus on price and efforts to become a bigger player in digital and mobile shopping. But can Walmart take on Amazon and win?
Lululemon founder says company has ‘lost its way’
Lululemon founder and shareholder Chip Wilson is angry. He thinks that lululemon is losing ground to rivals Nike and Under Armour and he’s not happy the company didn’t give him a chance to speak at its recent shareholder meeting.
Ralph Lauren on his company: ‘My baby has to grow up’
Ralph Lauren says restructuring will cost $400 million, but doesn’t detail how many jobs will be cut or stores will be closed.
Company close to U.S. approval for first private moon shot
Moon Express is awaiting word on application to be the first private company to launch a lunar probe sometime in late 2017.
Gun stocks slump as background checks fall
Smith & Wesson and Sturm Ruger stocks fall after FBI data shows month-to-month slowdown in background checks.
Jamie Dimon to Americans: ‘You’re being manipulated’
JPMorgan CEO Jamie Dimon is growing increasingly alarmed by the “terrible” rhetoric of this election season — and he blamed elements of the media for further inflaming voters.
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John Oliver makes ‘TV history’ by forgiving $15 million in medical debt
John Oliver forgave nearly $15 million of medical debt with a tap of a giant red button on Sunday night.
Burberry CEO gets 75% pay cut
The boss of Burberry Christopher Bailey got a 75% pay cut after the British luxury brand saw its profits slump and shares tumble.
Verizon’s ‘can you hear me now’ guy joins Sprint
Those famous ‘Can you hear me now?’ commercials are back. But this time, they’re pitches for Sprint, not Verizon.
Investors still greedy despite job market woes
Stocks fell after a disappointing jobs report. But CNNMoney’s Fear & Greed Index still shows signs of Extreme Greed. Can that last? The gold and bond markets are flashing signs of weakness and recession fears are even rising.
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Delta is making all in-flight entertainment free
Delta Airlines will start offering its suite of onboard entertainment for free for all fliers starting July 1.
Hooray! Bank gives employees Friday nights off
Credit Suisse is trying to soften its workaholic image by giving investment bankers Friday nights and Saturday nights off. The new policy is part of an effort to improve employees’ notoriously rough work-life balance.
Facebook plans for life after Zuckerberg
Facebook is starting to think about the time when Mark Zuckerberg will no longer be at its helm.
Roger Enrico, former ‘Cola King’ at PepsiCo, has died
Enrico, who led PepisCo during the Cola wars against Coca-Cola and recruited Michael Jackson for an ad campaign, died at age 71.
Tribune Publishing rebrands as Tronc amid Gannett takeover bid
Tribune Publishing, the owner of The Los Angeles Times and The Chicago Tribune, will change its name to Tronc and rebrand as “a content curation and monetization company.”
Jamie Dimon: This is the ‘biggest disgrace’ in America
Dimon in Detroit pointed to the more than 5 million open jobs in the U.S. right now, near a record high. With some 8 million unemployed Americans, the problem is a skills gap. Dimon argues the failure to educate America’s youth with the skills needed to get these jobs is the ultimate societal failure.
This airline is slashing checked bag fees
Ryanair is reducing some of its checked baggage fees.
Lawsuit questions Oracle’s accounting. Stock dives
A former employee of tech giant Oracle sued the company for false accounting practices in its cloud service business. Oracle denies the allegations.
OPEC again fails to agree on oil output ceiling
Read full story for latest details.
Tough times for auto stocks as Uber rules the world
Auto sales slumped in May. The sector may be cooling off as gas prices start to rise — and Uber continues to attract more customers who aren’t as interested in owning their own cars.
Walmart’s Smiley is back after 10 years and a lawsuit
Smiley returns to Walmart after a lengthy trademark war with Belgian designer.
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Iraq war veteran claims Trump University fired her for serving in the Army Reserve
Deposition in Trump University lawsuit includes claim by Iraq war veteran that she was fired after bosses objected to her Army Reserve service.
Google teaches self-driving cars to honk their horns
Google teaching self-driving cars how and when to honk their horns at human drivers and pedestrians.
Now Europe loves Uber and Airbnb
European regulators are telling EU member states to stop banning sharing economy businesses such as Uber and Airbnb.
Toy jewelry kit recalled for lead threat
Cra-Z-Jewelz toy jewelry kit imported from China recalled due to high lead level.
Sony Pictures TV chairman Steve Mosko is leaving studio
Sony Pictures TV chairman Steve Mosko is leaving the studio after 24 years.
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Rental companies now have to repair recalled cars
New federal law prohibits rental cars companies from renting out cars that had been recalled before they are repaired.
New cars still being built with flawed Takata airbags
Senate report says four automakers – VW, Toyota, Fiat Chrysler and Mitsubishi – are still using Takata airbags that are expected to be recalled in the future.
Sumner Redstone’s granddaughter accuses aunt of ‘brainwashing’ him
Sumner Redstone’s granddaughter Keryn Redstone backs Viacom and accuses her aunt, Shari Redstone, of “brainwashing” the ailing media mogul.
Erin Andrews scores “Most Interesting” new gig with Dos Equis
Erin Andrews and Luis Guzman join Dos Equis ad campaign after “Most Interesting Man” blasts off to Mars.
Sports Authority closing hurts sneaker sales
Under Armour warned that the bankruptcy and closing of Sports Authority will hurt its sales this year. Investors are worried about what this means for the company … and its top rival Nike.
‘Star Wars’ Propshop selling made-to-order melted Vader helmet
‘Star Wars’ prop replicas for sale, including Chewbacca’s bowcaster.
Microsoft unveils its new vision for Windows
Microsoft announced Windows Holographic, a software platform that enables VR and AR gadgets to work together, even if they’re made by different manufacturers. Think of it like the Windows operating system, but for virtual reality.
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Valeant CEO gets $9 million golden parachute
Valeant CEO Michael Pearson got a $9 million severance and consulting fees.
Tesla CEO Elon Musk vows to do better
Musk said that instead of focusing on vehicles right now, he’s taken a step back to think more about the manufacturing process as a whole.
UnitedHealth to exit California’s Obamacare market
Read full story for latest details.
Shari Redstone fires back at Viacom
Shari Redstone says she has no interest in taking control of Viacom, rebutting accusations by the company’s board that she was planning a takeover of her father’s media company.
Netflix rebounds on merger rumors and Disney deal
Netflix’s stock has been on a tear the past two weeks. Merger rumors may not pan out. But Netflix clearly has a chance to keep growing its subscriber count thanks to its own content — and Disney’s.
NBA Finals: Under Armour’s Steph Curry vs Nike’s LeBron James
Forget the Warriors and Cavaliers. The teams really fighting for domination in NBA Finals are Under Armour and Nike.
SodaStream brews up a make your own beer machine
The do-it-yourself carbonated beverage company is now trying to tap into the emerging home brewing market. But can SodaStream successfully take on the likes of Anheuser-Busch InBev and Molson Coors?
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Report slams Walmart for ‘exploitative’ conditions in Asia factories
Worker rights group says Walmart, H&M and Gap still exploit sweatshop workers in Asia, three years after deadly factory collapse in Bangladesh.
Nestle’s ?100 million bet on milk allergy tests
Nestle is investing in developing a new milk allergy test for babies with the French biopharmaceutical firm, DBV Technologies.
Facebook and Twitter pledge to remove hate speech within 24 hours
Facebook, Twitter, YouTube and Microsoft are teaming up with the European Union to crack down on online hate speech.
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This is the new dream job for Chinese business students
China’s huge state-owned banks are losing their appeal as the most desirable places to work for Chinese business students, according to a new survey.
Pizza Hut is dropping two chemicals from its food
Read full story for latest details.
Now Starbucks is serving ‘Nitro brew’ coffee from a tap
Starbucks is bringing its bubbly “Nitro” cold brew to major cities across the U.S. this summer.
Striking Verizon workers score raise and bonuses
Unionized Verizon workers who had been striking since mid-April will return back to work on June 1 after negotiating a healthy pay raise and bonus.
Coke debuts ‘proud to be an American’ cans
Coke debuted limited edition “proud to be an American” cans in collaboration with the USO.
Invasive lionfish now on Whole Foods menu – sans poisonous spines
Whole Foods in Florida is selling lionfish meat to help cull the invasive species.
Oil company plots second bankruptcy in 9 months
Hercules Offshore on Friday said it plans to file its second Chapter 11 filing since August due to financial stress caused by the crash in oil prices.
15 top-paid CEOs
The 15 highest-paid corporate chiefs in America made nearly $700 million last year — about $47 million apiece on average. Expedia’s Dara Khosrowshahi tops the list — with $95 million in total pay.
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Verizon reaches deal with 36,000 striking workers
Verizon and its striking labor unions reached an agreement in principle on Friday to end the massive strike involving 36,000 workers. It’s the biggest strike in the U.S. since 2011.
Ad tycoon Jean-Claude Decaux, pioneer of self-cleaning public toilets, dies at 78
Jean-Claude Decaux, the French businessman who produced the first automatic public toilets, died at the age of 78.
Wells Fargo is offering mortgages with 3% down payments
Wells Fargo rolled out the yourFirstMortgage program that offers conventional home loans with down payments as low as 3%.
French gas shortages fuel interest in electric cars
Electric car makers, including Renault and Citroën, are taking advantage of France’s gas shortages to promote their vehicles.
McDonald’s raided by French police in tax probe
French police raided McDonald’s headquarters in France last week as they crack down on corporate tax avoidance.
Abercrombie & Fitch still has big problems
Abercrombie & Fitch reported a loss of $40 million, along with declining sales. The teen fashion brand’s stock plunged 12% on Thursday.
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Don’t shine on you crazy diamond? Jewelers slump
Tiffany and Signet — the owner of mall-based chains Jared, Kay and Zales — are struggling. Wall Street is worried about retail in general, and the rising price of precious metals won’t help.
Gawker’s plan B: Bankers ready to arrange a sale
Gawker conceded Thursday that it has hired bankers to advise them on a possible sale as a “contingency” against multi-million dollars lawsuits filed against it.
Billions at stake in Google’s battle with Oracle
A jury is currently deliberating a landmark court case between Google and Oracle that has broad implications for the software industry — and could force Google to pay Oracle billions of dollars.
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Google’s plan to kill passwords
Google is hoping its new ‘Trust API’ technology could kill off traditional typed passwords on smartphones.
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Will gun sales keep going up if Hillary Clinton wins?
The NRA may hate them, but President Obama and Hillary Clinton are very good for gun sales.
Sears may sell Kenmore and Craftsman brands
Read full story for latest details.
Disney nixes happiest currency on Earth
Disney announced that it will no longer print or sell its own currency in its parks and resorts.
Sumner Redstone’s Viacom battle, how did it get so bad?
Shari Redstone seems to be at the center of the turmoil engulfing Viacom and her father Sumner Redstone.
The housing market is suddenly hot again
Home sales are surging and prices are at a record high. That’s led consumers to splurge at Home Depot and Lowe’s. Is this a sign that the economy is finally picking up steam … or the beginning of another bubble?
One in three gas stations in France is running dry
Read full story for latest details.
Verizon strike is hurting its stock
As the Verizon workers’ strike continues to drag on, shares of the telecom giant have lagged the broader market — as well as top competitors AT&T and Comcast.
Google is going to start showing you more ads
Google is growing its ads — in number and in size.
Netflix faces quota: 20% of shows and films must be made in Europe
The European Union is looking to impose new quota on services like Netflix, iTunes and Amazon, forcing them to dedicate at least 20% of their catalogs to European content.
Microsoft plans another 1,850 job cuts in phone business
Read full story for latest details.
Shell is cutting another 2,200 jobs
Shell will cut another 2,200 jobs as it tries to cope with “lower for longer oil.”
Can BuzzFeed News survive the shift to video?
The success of BuzzFeed’s video is some concerned that it could be trouble for BuzzFeed News.
Gawker seeks rematch with Hulk Hogan
Down but not out after a staggering verdict, Gawker Media is itching for a rematch in its legal battle with Hulk Hogan.
GoPro surges after Red Bull invests in it
GoPro gets a much needed caffeine jolt after Red Bull announced a partnership with and investment in the action camera maker.
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