Latest Business News

NTSB chair says Norfolk Southern interfered with derailment probe after botching vent-and-burn call

Jun. 25, 2024 20:02 PM EDT

EAST PALESTINE, Ohio (AP) — The head of the National Transportation Safety Board said Tuesday that Norfolk Southern repeatedly tried to interfere with the agency's investigation into the East Palestine derailment and shape its conclusions about the flawed decision to blow open five tank cars and...

A co-founder of the embattled venture capital firm Fearless Fund has stepped down as operating chief

Jun. 25, 2024 19:07 PM EDT

NEW YORK (AP) — One of the co-founders of an Atlanta-based venture capital firm that supports women of color has stepped down as chief operating officer as the company battles a lawsuit that has become emblematic of a conservative backlash against corporate diversity programs. ...

Anti-tax protesters storm Kenya's parliament, drawing police fire as president vows to quash unrest

Jun. 25, 2024 18:53 PM EDT

NAIROBI, Kenya (AP) — Thousands of protesters stormed Kenya’s parliament Tuesday to protest tax proposals, burning part of the building, sending lawmakers fleeing and drawing fire from police in unrest that the president vowed to quash. Several people were killed. It was the most...

Maine town considers tightening regulations on water extraction despite Poland Spring opposition

Jun. 25, 2024 18:23 PM EDT

After years of work, Denmark is on the cusp of major changes to its ordinance that would curtail large-scale water extraction in the town — an industry largely occupied by the bottled water behemoth Poland Spring. The changes, which will be presented at a June 26 town forum, would...

FDA warns maker of Sara Lee and Entenmann's not to claim foods contain allergens when they don't

Jun. 25, 2024 18:16 PM EDT

Federal food safety regulators said Tuesday that they have warned a top U.S. bakery to stop using labels that say its products contain potentially dangerous allergens when they don't. U.S. Food and Drug Administration inspectors found that Bimbo Bakeries USA — which includes...

Stock market today: Nvidia rebounds, and it's back to masking losses for the rest of Wall Street

Jun. 25, 2024 17:10 PM EDT

NEW YORK (AP) — A rebound for Nvidia propped up a weakened Wall Street Tuesday. The S&P 500 rose 0.4% and neared its all-time high set a week earlier, while the Nasdaq composite leaped 1.3% for its first gain in four days. Such strength came even as most stocks outside Wall...

US court says Smith & Wesson must comply with New Jersey subpoena in deceptive advertising probe

Jun. 25, 2024 17:09 PM EDT

PHILADELPHIA (AP) — Smith & Wesson, the gun manufacturer, must comply with a New Jersey subpoena seeking documents as officials investigate whether the company engaged in deceptive advertising, a U.S. appeals court ruled Tuesday. The documents being sought include anything that...

GM brings in new CEO to steer troubled Cruise robotaxi service while Waymo ramps up in San Francisco

Jun. 25, 2024 16:54 PM EDT

General Motors on Tuesday named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California license. Marc Whitten, one of the key...

How major US stock indexes fared Tuesday, 6/25/2024

Jun. 25, 2024 16:54 PM EDT

A rebound for Nvidia propped up a weakened Wall Street and kept U.S. stock indexes close to their records. The S&P 500 rose 0.4% Tuesday and neared its all-time high set a week earlier. The Nasdaq composite leaped 1.3% for its first gain in four days. Such strength came even as...

General Motors names veteran technology executive Marc Whitten to steer its troubled Cruise robotaxi service

Jun. 25, 2024 16:50 PM EDT
DETROIT (AP) — General Motors names veteran technology executive Marc Whitten to steer its troubled Cruise robotaxi service.