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Cheddar morning business update 12/5: Starbucks opening in China

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NORWALK -

Starbucks announced it is opening a reserve roastery in Shanghai with an immersive augmented reality shopping experience.

A study shows that Nike's 'zoom vapor-fly four percent' sneaker actually reduces energy use while running by 4-percent. 

And Netflix announced the final season of House of Cards will resume production without Kevin Spacey.

  • BusinessMore>>

  • Govt proposes tax rules for investors in 'opportunity zones'

    Govt proposes tax rules for investors in 'opportunity zones'

    Friday, October 19 2018 1:29 PM EDT2018-10-19 17:29:42 GMT
    Friday, October 19 2018 2:33 PM EDT2018-10-19 18:33:51 GMT
    The Trump administration has proposed rules for investors in a new program that officials say could have a big impact on economically depressed areas around the country. About 8,700 "opportunity zones" have been...
    The Trump administration has proposed rules for investors in a new program that officials say could have a big impact on economically depressed areas around the country. About 8,700 "opportunity zones" have been set up to lure investors with tax breaks.
  • US home sales fell in September to slowest pace in 3 years

    US home sales fell in September to slowest pace in 3 years

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    (AP Photo/David Zalubowski, File). FILE- In this Aug. 30, 2018, file photo a sale signs stand outside a home on the market in Denver. On Friday, Oct. 19, the National Association of Realtors reports on sales of existing homes in September.(AP Photo/David Zalubowski, File). FILE- In this Aug. 30, 2018, file photo a sale signs stand outside a home on the market in Denver. On Friday, Oct. 19, the National Association of Realtors reports on sales of existing homes in September.
    US home sales fell last month to slowest pace in nearly 3 years.
    US home sales fell last month to slowest pace in nearly 3 years.
  • Return to sender: Postal union warns of fallout if US leaves

    Return to sender: Postal union warns of fallout if US leaves

    Friday, October 19 2018 1:29 PM EDT2018-10-19 17:29:38 GMT
    Friday, October 19 2018 2:33 PM EDT2018-10-19 18:33:47 GMT
    A top official with a 192-country postal union says Americans can expect no international letters or packages if the Trump administration goes through with plans to pull of an international postal treaty over...
    A top official with a 192-country postal union says Americans can expect no international letters or packages if the Trump administration goes through with plans to pull of an international postal treaty over concerns about China.
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