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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    (Jonny Cournoyer/Paramount Pictures via AP). This image released by Paramount Pictures shows John Krasinski, left, and Noah Jupe in a scene from "A Quiet Place."(Jonny Cournoyer/Paramount Pictures via AP). This image released by Paramount Pictures shows John Krasinski, left, and Noah Jupe in a scene from "A Quiet Place."
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  • Mnuchin expresses optimism trade standoffs can be resolved

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    ( AP Photo/Jose Luis Magana). Treasury Secretary Steve Mnuchin speaks during a news conference at World Bank/IMF Spring Meetings, in Washington, Saturday, April 21, 2018.( AP Photo/Jose Luis Magana). Treasury Secretary Steve Mnuchin speaks during a news conference at World Bank/IMF Spring Meetings, in Washington, Saturday, April 21, 2018.
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    US Treasury secretary expresses optimism over trade tensions.
  • Stars Group doubles down with purchase of Sky Betting

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    Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion.
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