Business

WASHINGTON — Aircraft manufacturer Boeing Co., was accused of skimping on safety to maximize profits during two Senate hearings Wednesday. The Senate committees are investigating recent dangerous mid-flight equipment failures blamed on faulty design and assembly of airliners. One of... Read More

NORTH CHARLESTON, S.C. — With a nod toward Kermit the Frog, it’s not always easy going green, no matter how good one's intentions. At least that appears to be the experience of shopping center giant Tanger, which wants to install... Read More

WASHINGTON — The Biden administration is awarding up to $6.6 billion in grants to the Taiwan Semiconductor Manufacturing Company, the largest maker of the most advanced microchips in the world, to help support construction of the company’s first major hub... Read More

General Electric, long a symbol of American manufacturing and steeped in a rich history, is officially moving on from its existence as a sprawling conglomerate. The Boston company, known for everything from light bulbs to jet engines, has completed its... Read More

BELMONT, Calif. — At first the idea sounds about as un-Silicon Valley as one can get. After all, the basic concept underlying radar was proven in 1886, when a German physicist named Heinrich Hertz showed that radio waves could be... Read More

ORLANDO — The company that runs Walt Disney World reached a settlement Wednesday with appointees of Florida Gov. Ron DeSantis who were exerting controversial regulatory control over the huge tourism complex. The settlement resolves some of the disputes that arose... Read More

NEW LONDON, Conn. — Sen. Richard Blumenthal, D-Conn., visited State Pier in New London, Connecticut, on Monday to tout and celebrate the Biden administration’s decision to expand eligibility of federal tax credits for offshore wind projects. “This tax credit has... Read More

WASHINGTON — The U.S. Department of Energy on Monday awarded $6 billion to 33 projects across more than 20 states to decarbonize energy-intensive industries while creating jobs and revitalizing the communities in which they are located. Funded by the bipartisan... Read More

The Biden administration announced $6 billion in funding Monday for projects that will slash emissions from the industrial sector — the largest-ever U.S. investment to decarbonize domestic industry to fight climate change. The industrial sector is responsible for roughly 25%... Read More

NEW YORK (AP) — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the former president’s media business in a Friday vote. That means... Read More

WASHINGTON — The Biden-Harris administration on Wednesday rolled out an ambitious new regulatory regime aimed at bolstering the standards of electric and hybrid vehicles by placing new restrictions on tailpipe emissions. According to administration officials, who briefed reporters on the... Read More

WASHINGTON — The Department of Energy is extending a conditional $2.26 billion loan to Lithium Americas Corp. to support its effort to build a lithium carbonate processing plant in Nevada. Once operational, the plant, which will be located in Thacker... Read More

BOWIE, Md. — Blink Charging Co., one of the nation’s fast-growing makers of electric vehicle charging devices, celebrated the grand opening Monday of its 15,000 square-foot global headquarters in Bowie, Maryland. The site, along with a new, 30,000 square-foot LEED... Read More

RICHMOND, Va. (AP) — A top Democratic Virginia lawmaker vowed Wednesday to keep language enabling a proposed relocation by the NBA’s Washington Wizards and NHL’s Washington Capitals to Alexandria out of the state budget lawmakers will take up later this... Read More

Candy companies want to know: What will make Americans start chewing gum again? Gum’s bubble burst during the COVID-19 pandemic, when masks and social distancing made bad breath less of a worry and fewer people spent on impulse buys. The number of packages of... Read More

WILMINGTON, Del. — Attorneys who succeeded in getting a Delaware court to void Elon Musk's $55 billion compensation package from Tesla, Inc. on Friday asked the court for about $6 billion in legal fees.  They want most of their money... Read More

WASHINGTON — Former President Donald Trump must pay a penalty of $355 million for fraudulently overstating his wealth, a penalty that could effectively leave him with little, if any, actual cash on hand. The ruling by Manhattan Supreme Court Justice... Read More

AP — Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. Growing confidence in an economic recovery, particularly in the U.S., has driven massive... Read More

WASHINGTON (AP) — The Biden administration on Friday announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips. The National Semiconductor Technology Center is being funded through the CHIPS... Read More

WASHINGTON — While there are big differences in how Republicans and Democrats view corporate diversity, equity and inclusion initiatives, voters of all political stripes take a dim view of government meddling in such programs, a recent survey found. The study,... Read More

WASHINGTON — Walmart is being sued over allegations it charges higher prices for products at the checkout stands than it advertises on its shelves. The consumer class action lawsuits started in Chicago, Illinois, but are spreading, most recently to a... Read More

ORLANDO, Fla. (AP) — Disney this week requested a second delay in a state court case involving its legal battle with Gov. Ron DeSantis' appointees over who controls Walt Disney World's governing district, as the company accused them and the governor's office... Read More

The United Airlines CEO says he is “disappointed” in ongoing manufacturing problems at Boeing that have led to the grounding of dozens of United jetliners, and the airline will consider alternatives to buying a future, larger version of the Boeing... Read More

AP — Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S. There have been a string of deals in the energy sector, including the... Read More

DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. Breathtaking advances in generative AI stunned the world last... Read More

WASHINGTON (AP) — Business and conservative interest groups that want to limit the power of federal regulators think they have a winner in the Atlantic herring and the boats that sweep the modest fish into their holds by the millions. In a Supreme... Read More

WASHINGTON — A consumer advocacy group filed a lawsuit Wednesday against Starbucks saying the company falsely labels its coffee and tea as "100% ethical" despite a history of what it called "slave-like conditions" on farms where the coffee beans and... Read More

HOUSTON — SpaceX sued the National Labor Relations Board Thursday in a lawsuit that seeks to undercut the agency's fundamental authority to rule in workplace disputes. SpaceX hit back with the lawsuit one day after the NLRB filed a labor... Read More

WASHINGTON (AP) — The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing. The incentives announced Thursday include $90 million... Read More

WASHINGTON — A popular hypoallergenic infant formula has been voluntarily recalled by its manufacturer due to possible Cronobacter sakazakii contamination. The formula, Nutramigen Hypoallergenic Infant Formula Powder, is manufactured by Reckitt/Mead Johnson Nutrition. According to an alert issued by the... Read More