Latest Business News
Pipeline explosion near Houston erupts in a towering flame, forcing evacuations
DEER PARK, Texas (AP) — A pipeline explosion near Houston erupted in a towering flame over neighborhoods for hours on Monday, forcing evacuations and shelter orders and melting playground equipment as firefighters struggled to keep nearby homes from burning. Operators shut off the...
2 charged in case of illegal exports for Russian nuclear energy
BOSTON (AP) — Two men have been charged with illegal smuggling and conspiring to violate export controls by selling equipment to Russia’s nuclear energy industry, the U.S. Attorney’s office in Boston said Monday. Sam Bhambhani, 55, of North Attleboro, Mass., and Maxim Teslenko,...
Boeing says it's considering temporary layoffs to save cash during the strike by machinists
SEATTLE (AP) — Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were...
UAW fight with Stellantis escalates as union files unfair labor charges over factory commitments
The United Auto Workers' rift with Stellantis widened Monday as the union filed federal labor charges over factory commitments in Illinois and alleged that the company plans to move some SUV production out of the country. The union said it filed charges with the National Labor...
Musk deletes post about Harris and Biden assassination after widespread criticism
Elon Musk has deleted a post on his social media platform X in which he said “no one is even trying to assassinate” President Joe Biden and Vice President Kamala Harris in the wake of an apparent assassination attempt on former President Donald Trump while he was playing golf. ...
The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
OMAHA, Neb. (AP) — The next generation of Buffetts — Howard, Susie and Peter — is poised to become one of the most powerful forces in philanthropy when their 94-year-old father, the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away. ...
Stock market today: Dow sets a record as Wall Street gears up for a cut to interest rates
NEW YORK (AP) — The Dow Jones Industrial Average set a record after a quiet Monday of trading, as Wall Street geared up for the most anticipated meeting of the Federal Reserve in years. The Dow rose 228 points, or 0.6%, to surpass its prior all-time high set a few weeks ago. The...
The Titan's former lead engineer says he felt pressured to get the submersible ready
The lead engineer for an experimental submersible that imploded en route to the wreck of the Titanic testified Monday that he felt pressured to get the vessel ready to dive and refused to pilot it for a journey several years earlier. “'I'm not getting in it,'” Tony Nissen said he...
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
RENO, Nev. (AP) — A probate court in Nevada is set to begin reviewing evidence behind closed doors in a case that could determine who will control Rupert Murdoch’s media empire after his death. Murdoch, 93, arrived at court Monday for the hearing. Last year, he moved to change...
TikTok and the U.S. face off in court over law that could lead to a ban on the popular platform
TikTok faced off with the U.S. government in federal court on Monday, arguing a law that could ban the platform in a few short months is unconstitutional while the Justice Department said it is needed to eliminate a national security risk posed by the popular social media company. ...
