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Elizabeth Holmes trial: Journalist who helped ‘raise to prominence’ Theranos CEO takes witness stand

By Sara Ashley O’Brien, CNN Business Journalist Roger Parloff, who wrote the first major cover story on Theranos’ Elizabeth Holmes and later issued a retraction, was called to testify in her criminal trial Thursday. The government has alleged Holmes used the media, and Parloff’s Fortune Magazine story titled “This CEO is Out for Blood” in

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Activision Blizzard CEO faces pressure from employees to step down after report

By Rishi Iyengar, CNN Business Activision Blizzard confronted its second employee walkout in less than six months after a report raised new questions about CEO Bobby Kotick’s knowledge of longstanding and widespread sexual harassment and discrimination allegations at the video game company. More than 100 Activision Blizzard employees staged a walkout on Tuesday calling for

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Little Tikes made a Peloton-like bike for kids, but child development experts cry foul

CNN By Matt McFarland, CNN Business The indoor cycling craze has come for America’s kids, and child development experts aren’t happy. Little Tikes, the children’s toymaker, watched sales of Peloton’s stationary bikes soar last year when the pandemic hit. It saw a chance to create something for children to enjoy alongside their parents, according to

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China’s top chipmaker just lost a quarter of its board overnight

By Michelle Toh, CNN Business China’s leading chipmaker is going through another massive leadership shake-up. Semiconductor Manufacturing International Corporation (SMIC) announced a wave of resignations in stock exchange filings Thursday evening. As many as four directors stepped down effective immediately, including Vice Chairman Chiang Shang-yi, who had joined the company just barely a year ago

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SpaceX capsule, carrying four astronauts, docks with the International Space Station

By Jackie Wattles, CNN Business A SpaceX Crew Dragon capsule carrying four astronauts approached the International Space Station, which orbits more than 200 miles above Earth, and made a gentle in-orbit meet-up, kicking off the astronauts’ six-month stay at the space station. This mission, called Crew-3, is the fourth mission in a partnership between SpaceX

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