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

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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. 

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    (Nigel French/PA via AP). England supporters celebrate Harry Kane's winning goal as fans watch the World Cup soccer match between Tunisia and England at the Lord Raglan Pub in London, Monday, June 18, 2018.(Nigel French/PA via AP). England supporters celebrate Harry Kane's winning goal as fans watch the World Cup soccer match between Tunisia and England at the Lord Raglan Pub in London, Monday, June 18, 2018.
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    A British trade group says there's a shortage of carbon dioxide in Northern Europe _ sparking fears that drinks may lack fizz just as thirsty soccer fans fill pubs for the World Cup.
  • Senate backs bill blocking deal with Chinese telecom firm

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    The Senate is set to pass a defense policy bill that would block a White House plan to allow Chinese telecom giant ZTE to buy component parts from the U.S.
    The Senate is set to pass a defense policy bill that would block a White House plan to allow Chinese telecom giant ZTE to buy component parts from the U.S.
  • Upping ante, Trump threatens new tariffs on Chinese imports

    Upping ante, Trump threatens new tariffs on Chinese imports

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    U.S. Secretary of State Mike Pompeo says China is engaging in "predatory economics 101" and an unprecedented level of larceny" of intellectual property.
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