Cheddar Afternoon Business Report: Alphabet, J.Crew, fidget spinners

Posted: Updated:
NEW YORK -

Alphabet is delivering on its promise to bring Internet back to Puerto Rico. The company is flying helium balloons over the island to bring LTE connectivity back. So far 100,000 of the island's 3.5 million residents have gotten Internet back.

J.Crew wanted to be bought by Amazon, according to chairman Mickey Drexler. Drexler told the New York Times he approached Amazon about a potential deal and said his company would give Amazon a "machine of style and taste in fashion." Meanwhile, Amazon is reportedly launching its own private label athleisure line.

A public interest group says unsafe amounts of lead were found in Fidget Wild Premium Spinners sold at Target. The toy is still on shelves in stores and the companies insist the product is safe. 

  • BusinessMore>>

  • Rising oil prices haven't hurt the US economy so far

    Rising oil prices haven't hurt the US economy so far

    Friday, September 21 2018 10:12 AM EDT2018-09-21 14:12:16 GMT
    Friday, September 21 2018 6:22 PM EDT2018-09-21 22:22:43 GMT
    Higher oil prices hurt consumers, but modest increases don't have to crimp the economy.
    Higher oil prices hurt consumers, but modest increases don't have to crimp the economy.
  • New California law helps utilities with wildfire lawsuits

    New California law helps utilities with wildfire lawsuits

    Friday, September 21 2018 3:41 PM EDT2018-09-21 19:41:01 GMT
    Friday, September 21 2018 6:21 PM EDT2018-09-21 22:21:26 GMT
    Gov. Jerry Brown has signed a measure allowing utilities to bill their customers to pay for legal settlements stemming from devastating 2017 wildfires.
    Gov. Jerry Brown has signed a measure allowing utilities to bill their customers to pay for legal settlements stemming from devastating 2017 wildfires.
  • UK leader May hits back on Brexit plan; pound falls

    UK leader May hits back on Brexit plan; pound falls

    Friday, September 21 2018 4:29 AM EDT2018-09-21 08:29:56 GMT
    Friday, September 21 2018 6:21 PM EDT2018-09-21 22:21:23 GMT
    (AP Photo/Kerstin Joensson). British Prime Minister Theresa May looks to passing by heads of government after the family photo at the informal EU summit in Salzburg, Austria, Thursday, Sept. 20, 2018.(AP Photo/Kerstin Joensson). British Prime Minister Theresa May looks to passing by heads of government after the family photo at the informal EU summit in Salzburg, Austria, Thursday, Sept. 20, 2018.
    British Prime Minister Theresa May's Brexit blueprint is in tatters after it was rejected by the European Union at a summit U.K. media branded a "humiliation.".
    British Prime Minister Theresa May's Brexit blueprint is in tatters after it was rejected by the European Union at a summit U.K. media branded a "humiliation.".
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."