UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases
UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession
2023-08-15 03:16
Union Pacific's new CEO promises improved safety and service but big rail unions lukewarm on hire
Union Pacific’s new CEO Jim Vena started Monday by promising to improve safety and service to help the railroad grow, but he cautioned that “the road ahead won’t be an easy one.”
2023-08-15 02:29
Federal officials are looking into another close call between planes, this time in San Diego
Federal officials are looking into another close call between planes, this time in San Diego
2023-08-15 02:16
Kraft Heinz CEO Patricio to become non-executive chair; Abrams-Rivera to become next CEO
Kraft Heinz says CEO Miguel Patricio will become non-executive chair of its board at the start of the new year, with Carlos Abrams-Rivera stepping into the top spot at the food products company at that time
2023-08-15 01:49
Biden's climate law has led to 86,000 new jobs and $132 billion in investment, new report says
A year after Democrats passed their sweeping $750 billion climate and health care law, it's leading to a surge of clean energy projects and job creation, according to a recent Bank of America report.
2023-08-15 01:48
Clarence Avant, ‘Black Godfather' of entertainment, and benefactor of athletes and politicians, dies
Clarence Avant, the manager, entrepreneur, facilitator and adviser who helped launch or guide the careers of Quincy Jones, Bill Withers and many others and came to be known as the "Black Godfather" of entertainment and beyond has died at 92
2023-08-15 00:58
Biden says auto workers need "good jobs that can support a family" in union talks with carmakers
President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles
2023-08-15 00:57
Intuit executive Chriss to become president and CEO of PayPal
Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month
2023-08-14 23:18
Amazon Loses Key Backer Four Years Into Plan to Eliminate Carbon Emissions
Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from
2023-08-14 22:55
Ford lures Apple executive to run new unit that will sell software subscription services
Ford has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners
2023-08-14 21:57
For Mark Zuckerberg's Threads, the real rival is still TikTok -- not the former Twitter
Threads, the simple, bare-bones text-based social network created by Facebook owner Meta, burst onto the scene during a particularly bad week for the rival then still known as Twitter
2023-08-14 20:48
Russia's currency hits the lowest level since beginning of the war in Ukraine
The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency
2023-08-14 19:25