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The captain of the sunken ferry in South Korea was formally charged and is in custody, state-run media reported early Saturday, citing prosecutors and police. Erin Burnett has more.
April 1st, 2014
09:10 PM ET

GM CEO Mary Barra: 'I am deeply sorry'

Newly-minted General Motors CEO Mary Barra was in the hot seat on Capitol Hill Tuesday over deaths caused by faulty ignitions.

Members of Congress wanted to know why the automaker ignored warning signs of a faulty ignition switch that led to the death of 13 people. It took GM 10 years to recall the defected cars.

Some say GM turned down potential fixes because it was too expensive. But documents provided by the auto giant show the piece needed to fix a defective ignition would have cost just 57 cents.

One woman who lost her son just nine days after he bought a GM car says the company just cares about their bottom line, not those who lost their lives.

"I want justice," says Cherie Sharkey, mother of a GM crash victim. "He died at the scene. They will never be able to give me my son back."

CNN's Dana Bash reports on what happened at today's hearing.


Filed under: Business • General Motors • News
March 7th, 2014
08:32 PM ET

Massive grocery store merger raises food price questions

The No. 2 grocery-store operator in the U.S. has been gobbled up by a very hungry private equity firm.

Cerberus Capital Management bought Safeway for $9.4 billion in a deal that will merge the grocery chain with Albertsons, which the firm previously bought.

Cerberus is hoping the now massive chain will be able to cut costs and better compete with big-box retailers like Costco.

Safeway shares fell following the news.

Joining us tonight with some more perspective is Daily Beast Columnist Daniel Gross.


Filed under: Business
March 6th, 2014
08:42 PM ET

Drunk gambler sues casino after losing $500,000

(CNN) – A California man who lost $500,000 at blackjack and pai gow is suing a new Las Vegas casino, alleging he was too drunk to be allowed to gamble over a 17-hour period just before Super Bowl weekend.

Mark A. Johnston of Ventura, California, is claiming he shouldn't have to pay the Downtown Grand Las Vegas Hotel & Casino the $500,000 debt because employees served him so much alcohol that he suffered a blackout and was unable to remember the losses or even his gambling, the lawsuit alleges.

The Nevada Gaming Control Board is now investigating the Downtown Grand, formerly the Lady Luck Casino, on whether it violated gaming regulations, said Karl Bennison, chief of the board's enforcement division.

Those regulations prohibit casinos from "permitting persons who are visibly intoxicated to participate in gaming activity" and from providing "complimentary service of intoxicating beverages in the casino area to persons who are visibly intoxicated."

"We are investigating this thoroughly," Bennison said. "We are aware of this matter. We'll see if there are regulation violations."

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Filed under: Business • News
Beer company pushes for new U.S. Holiday
March 2nd, 2014
12:36 AM ET

Beer company pushes for new U.S. Holiday

How would you like an extra day off work? Well, you could get it if Budweiser has its way.

The beer company has petitioned the White House to make Opening Day of the major league baseball season a federal holiday.

So far, the petition has picked up more than 45,000 signatures – from across the country – and even though they'll need 100,000 by March 26th for the White House to even consider it – Budweiser is pretty confident.

But, do we really need another holiday in this country?

There are arguments for both sides.

Because, in addition to the 10 existing federal holidays, there are also a number of state holidays – official and unofficial – so some American workers get as many as a dozen holidays each year. And that's not even including paid vacation days.

Of course, compared to other countries, 10 federal holidays is nothing.

Take a look at this list of public holidays in other countries. As you can see the U.S. is way down on the list.

So is it time for a new federal holiday? Should it be Opening Day? Let us know in the comments section below.

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Filed under: Business • OutFront Staff • OutTake
February 26th, 2014
10:01 PM ET

Paula Deen to open new restaurant post N-word scandal

Paula Deen resurrects her fallen empire.

The celebrity chef announced Wednesday she is opening her first new restaurant since admitting to using the N-word.

Paula Deen to open first post-scandal restaurant

The $20 million restaurant called "Paula Deen's Family Kitchen" will open this summer in Pigeon Forge, Tennessee, a tourist hub home to Dolly Parton's "Dollywood" theme park and a host of other attractions.

Pigeon Forge Mayor David Wear is OutFront.


Filed under: Business • News • Paula Deen
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