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Business News

Monday, Mar 18, 2019 at 10:20 PM EDT

Justice Dept. Probing Development of Boeing Jets: Source

Justice Dept. Probing Development of Boeing Jets: Source

U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities" in...

Monday, Mar 18, 2019 at 10:44 AM EDT

Lyft Opens Up Its IPO Road Show, Offers 30 Million Shares

Lyft Opens Up Its IPO Road Show, Offers 30 Million Shares

Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of between $62 and $68 per share.

Sunday, Mar 17, 2019 at 12:37 AM EDT

Arlington Co. Board Approves $23M+ Amazon Incentives Deal

Arlington Co. Board Approves $23M+ Amazon Incentives Deal

After a meeting punctuated by angry audience outbursts, the Arlington County Board voted up a multimillion-dollar incentives package for Amazon, which has announced plans to build its second headquarters in...

Saturday, Mar 16, 2019 at 06:25 AM EDT

US Business Groups Encouraged by Prospect of US-China Deal

US Business Groups Encouraged by Prospect of US-China Deal

U.S. business groups said Friday they are encouraged by China's approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a substantive trade agreement...

Friday, Mar 15, 2019 at 08:37 AM EDT

Volkswagen, Former CEO Charged With Fraud in Diesel Scandal

Volkswagen, Former CEO Charged With Fraud in Diesel Scandal

U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal. The charges from the U.S. Securities and Exchange Commission come...

Friday, Mar 15, 2019 at 07:20 PM EDT

Porn Actresses Take On Powerful Industry Agent

Porn Actresses Take On Powerful Industry Agent

One of the porn industry’s top agents has been accused by women whom he represents of fraud, sexual abuse and links to an illegal escort business — accusations including coercing performers to pay off "unconsci...

Friday, Mar 15, 2019 at 01:50 AM EDT

China's Premier Denies Beijing Tells Companies to Spy

China's Premier Denies Beijing Tells Companies to Spy

China's premier denied Beijing tells its tech companies to spy abroad and promised Friday to treat foreign and domestic competitors equally, seeking to defuse tensions with Washington and Europe over technology,...

Friday, Mar 15, 2019 at 12:27 AM EDT

Tesla Unveils New Model Y SUV

Tesla Unveils New Model Y SUV

Tesla is unveiling its newest vehicle, the Model Y, an SUV that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market. CEO Elon Musk...

Thursday, Mar 14, 2019 at 04:59 PM EDT

Concerns About New Plane Ground Boeing Stock Rise

Concerns About New Plane Ground Boeing Stock Rise

Boeing soared early in 2019 and lifted the Dow Jones Industrial Average with it. Now concerns about the safety of the newest version of its flagship airplane have halted the momentum. Shares rose 36 percent in...

Friday, Mar 15, 2019 at 01:38 AM EDT

Facebook Loses 2 Top Execs as it Revamps Strategy

Facebook Loses 2 Top Execs as it Revamps Strategy

Facebook says two of its top executives are leaving the company. Chief Product Officer Chris Cox and Chris Daniels, who heads messaging app WhatsApp, are departing. It isn't clear what future plans the...

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