Business

DETROIT (AP) — U.S. safety regulators have pressured Tesla into recalling nearly 363,000 vehicles with its “Full Self-Driving” system because it can misbehave around intersections and doesn't always follow speed limits. The recall, part of a larger investigation by the National Highway Traffic Safety Administration into Tesla's automated driving systems, is the most serious action taken yet against the electric vehicle maker.

BERLIN (AP) — Thousands of flights to and from German airports were canceled Friday as workers walked out to press their demands for inflation-busting pay increases. The strikes at seven German airports, including Frankfurt, Munich and Hamburg, affected almost 300,000 passengers and forced airlines to cancel more than 2,300 flights.

A devastating earthquake that toppled buildings across parts of Turkey and neighboring Syria has revived a longstanding debate locally and in neighboring Cyprus about a large nuclear power station …

Coca-Cola has raised prices to offset inflation, but said that did not impact demand for its drinks during the fourth quarter.  The beverage giant said its revenue rose 7% to $10.1 billion. That was …

Shoichiro Toyoda, who as a son of the company’s founder oversaw Toyota’s expansion into international markets, has died. He was 97. The company said Toyoda, its honorary chairman, died Tuesday of …

Customers of wireless provider T-Mobile US Inc. reported widespread service outages in the U.S. late Monday. Posts on Downdetector.com and Product-Reviews.net indicated T-Mobile service outages in …

Lawmakers in Colorado and 10 other states have introduce bills that would force farming equipment manufacturers to provide the tools, software, parts and manuals needed for farmers to do their own …

Chick-fil-A is jumping on the plant-based bandwagon. The Atlanta chain said Thursday that it’s testing its first plant-based entrée, a breaded cauliflower sandwich, at restaurants in Denver; Charleston, South Carolina; and the Greensboro, North Carolina, area. The test begins Feb. 13.

CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year. Oak Street runs care centers mostly for lower-to-middle income people with Medicare Advantage plans. Those are privately run versions of the federal government’s program for people aged 65 and older.

ATLANTA (AP) — Delta Air Lines said Tuesday it will raise pay for its non-union employees by 5% on April 1 and increase a pool used for merit raises. Among those getting the increases will be flight attendants, who have been the target of several close organizing campaigns by unions.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that if the job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell's remarks followed the government's blockbuster report last week that employers added 517,000 jobs in January, almost double the previous month's total. The unemployment rate fell to its lowest level in 53 years, 3.4%.

WASHINGTON (AP) — America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, a new half-century low.

WASHINGTON (AP) — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. Though smaller than its previous hike — and even larger rate increases before that — the Fed's latest move will likely further raise the costs of many consumer and business loans.

SEATTLE (AP) — Boeing bids farewell to an icon on Tuesday: It’s delivering its final 747 jumbo jet. Since its first flight in 1969, the giant yet graceful 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA's space shuttles, and the Air Force One presidential aircraft. It revolutionized travel, connecting international cities that had never before had direct routes and helping democratize passenger flight.

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates successfully flew a Boeing 777 on a test flight Monday with one engine entirely powered by so-called sustainable aviation fuel. This comes as carriers worldwide try to lessen their carbon footprint. Flight No. EK2646 flew for just under an hour over the coastline of the United Arab Emirates, after taking off from Dubai International Airport, the world's busiest for international travel, and heading out into the Persian Gulf before circling back to land. The fuel powered one of the Boeings two General Electric Co. engines, with the other running on conventional jet fuel for safety.

WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Friday’s report from the Commerce Department showed that prices rose 5% last month from a year earlier, down from a 5.5% year-over-year increase in November. It was the third straight drop.

Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity of their choosing. As of 2022, the company said it has donated $449 million to various charities. Before it ends the program next month, Amazon says, it will provide a final donation to each of the 1 million-plus nonprofits that used AmazonSmile, equivalent to 25% of what the charity received from the program in 2022.

OMAHA, Neb. (AP) — Norfolk Southern railroad delivered 4% more fourth-quarter profit even though the number of shipments it hauled dipped slightly because it collected more surcharges for higher fuel prices and raised the rates it charges. The Atlanta-based railroad reported fourth-quarter profit of $790 million, or $3.42 per share even though volume was down 1%. That’s up from $760 million, or $3.12 per share, a year earlier.

SAN FRANCISCO (AP) — Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. Musk spent roughly three more hours on the stand during his third day of testimony before being excused by U.S. District Judge Edward Chen. It’s unlikely Musk, 51, will be summoned back to the witness stand during a civil trial expected to be turned over to a nine-person jury in early February.

LONDON (AP) — Microsoft said it's seeing some improvement to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday. In a status update, the tech company reported “service degradation” for a number of its Microsoft 365 services.

WASHINGTON (AP) — The Justice Department and eight states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to use competitors’ products. The antitrust suit was filed in federal court in Alexandria, Virginia.

LONDON (AP) — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Alphabet CEO Sundar Pichai, the parent company of Google, informed staff Friday at the Silicon Valley giant about the cuts in an email that was also posted on the company's news blog.

BOSTON (AP) — The U.S. wireless carrier T-Mobile said Thursday that an unidentified malicious intruder breached its network in late November and stole data on 37 million customers, including addresses, phone numbers and dates of birth. T-Mobile said in a filing with the Security and Exchange Commission that the breach was discovered Jan. 5. It said the data exposed to theft — based on its investigation to date — did not include passwords or PINs, bank account or credit card information, Social Security numbers or other government IDs.

WASHINGTON (AP) — The number of people seeking unemployment benefits in the U.S. reached a four-month low last week, a sign that employers are holding on to their workers despite the Federal Reserve’s efforts to slow the economy and tamp down inflation. U.S. jobless aid applications for the week ending Jan. 14 fell by 15,000 to 190,000, from 205,000 the week before, the Labor Department said Thursday.

Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to what it described as “macroeconomic conditions and changing customer priorities.” The company said in a regulatory filing Wednesday that had just notified employees of the layoffs, some of which will begin immediately.

« Prev | 1 18 | 19 | 20 | 21 | 22 | 23 | 24 41 | Next »
Currently viewing stories posted within the past 7 years.
For all older stories, please use our advanced search.