The National Highway Traffic Safety Administration said Thursday Ford Motor has agreed to a $165 million civil penalty after a government investigation found the automaker failed to recall vehicles with defective rearview cameras in a timely manner. Under a consent order that will last at least three years, the No. 2 US automaker must pay $65 million in…
Business & Finance 27 August 2024, 5:57 pm 1 minute Reuters was first to report that Ryanair CEO Micheal O’leary no longer sees a risk of double-digit percentage falls in fares as the European short-haul weakness had “levelled out”. Market Impact The news caused Ryanair shares to rise by as much as 6% – they…
A cryptocurrency plant in central New York can continue operating after a court rejected the state’s effort to shutter the facility over concerns about its climate impact. The decision was hailed as a victory by Greenidge Generation, a large-scale crypto mine in the Finger Lakes region that has drawn the ire of environmental groups and…
President-elect Donald Trump is reportedly eyeing Fox Business host Larry Kudlow for a top economic role in his administration. Kudlow – who served as the director of the National Economic Council during Trump’s first administration – met with the president-elect late this week, sources told The Wall Street Journal. The 77-year-old former CNBC contributor is…
Business & FinanceGovernment 05 September 2024, 6:32 pm 1 minute Reuters exclusively reported that the Biden administration told Nippon Steel its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American steel industry, adding to evidence the U.S. is poised to block it. Article Tags Topics of Interest: Business…
Business & FinanceEconomy 06 September 2024, 11:06 am 1 minute Reuters exclusively reported that one of the frontrunners to become Japan’s next premier said that any U.S. move to block Japan’s Nippon Steel from buying U.S. Steel on national security grounds would be “very unsettling.” Shigeru Ishiba, a former defence minister, told Reuters in an…
Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he’s looking for ways his company can save money. One main area for cuts: software. Martin started the Seattle-based company with his brother, Brenden, to help local coffee shops better compete with Starbucks, by making it easier…
CNN anchor Chris Wallace was reportedly told his two poorly-rated shows would be canceled and his massive salary slashed before the veteran journalist announced he would leave the network. Wallace, who was being paid a reported $7 million a year, was informed that he was welcome to stay on as an analyst but at a…
JOHANNESBURG — The South African government said on Friday it has put together a team including mine rescue experts to come up with a plan to bring to surface illegal miners who remain under a disused gold mine. The move signaled the government was taking a more conciliatory approach compared to earlier this week, when…
A warehouse for Texas Pool Supply, a company that’s part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It’s an example of the specialized business that Home Depot includes after acquiring SRS. Melissa Repko | CNBC PLANO, Texas — In a suburban warehouse, giant buckets…
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