Business

Jeff Abraham tried to sell his sexual wellness start-up to household goods conglomerate Reckitt Benckiser for two years. But his dream ended one night in the fall of 2016 after a Pet Shop Boys concert in Las Vegas. Abraham’s company Absorption Pharmaceuticals had what he considered a lucrative product called Promescent, which treated premature ejaculation,
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Tesla is bringing back its once popular referral program in a new form just months after killing it, the company said. But the program will be different from its previous incarnation, which Tesla said was too costly to keep up. For every customer a Tesla owner refers, the company will give both people 1,000 miles
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CVS heard from its customers. They want CBD. The drugstore chain last week started selling CBD, short for cannabidiol products, in eight states. The products include topicals such as creams, sprays, roll-ons, lotions and salves. “Anecdotally, we’ve heard from our customers that have used those products that, gee, it’s helped with pain relief for arthritis
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Amazon‘s hunt for another business to drive growth even higher may have its answer in Amazon Business, a note from Bank of America on Tuesday said. Amazon Business represents Jeff Bezos’ company expanding into the market of business-to-business (B2B) e-commerce. The Amazon unit was e-branded from “Amazon Supply” seven years ago. Amazon Business “combines positive
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Boeing CEO Dennis Muilenburg restated the aircraft maker’s commitment to safety on Monday night, and he again pledged to provide a software update and training to pilots related to the 737 Max airliner. The executive said that Boeing will maintain its “relentless commitment to make safe airplanes even safer.” His comments come as aviation authorities
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Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it,
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The two daughters of “Full House” star Lori Loughlin and her fashion designer husband, Mossimo Giannulli, remain enrolled at the University of Southern California as their parents face criminal charges of participating in a bribery scheme to get their daughters into the school. A USC spokesman told CNBC on Friday that “both Olivia Giannulli and
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Dollar General reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer’s stores, benefiting from an earlier-than-usual issue of food stamps. Same-store sales rose 4 percent in the fourth-quarter ended Feb. 1, beating the 2.6 percent increase analysts had estimated, according to IBES data from Refinitiv. Net sales
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Facebook is facing a criminal probe into data-sharing deals it arranged with at least two other technology companies, the New York Times reported on Wednesday. At least two companies that make smartphones and other devices have received subpoenas from a New York grand jury related to how they used Facebook user data that they received
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CNBC’s Jim Cramer has circled Ulta Beauty‘s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock. “The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said. Also in his game plan for the week ahead are quarterly results
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The Federal Aviation Administration warned Southwest Airlines and a union representing its mechanics in a letter Friday that a contract dispute could pose safety concerns. The letter warned that a “breakdown in the relationship” between the airline and Aircraft Mechanics Fraternal Association “raises concerns about the ongoing effectiveness of the airline’s safety management system.” Earlier
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