Business News

Thursday, May 23, 2019 at 08:42 PM PDT

FAA Chief Upbeat About Prospects for Boeing 737 Max's Return

FAA Chief Upbeat About Prospects for Boeing 737 Max's Return

After an all-day meeting with global aviation regulators, the chief of the Federal Aviation Administration sounded more upbeat than ever about prospects for clearing the troubled Boeing 737 Max to fly again....

Thursday, May 23, 2019 at 01:56 PM PDT

Vegas Getting Underground Transit System With Self-Driving Cars for Convention Center

Vegas Getting Underground Transit System With Self-Driving Cars for Convention Center

A company backed by tech billionaire Elon Musk has been awarded a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center.

Thursday, May 23, 2019 at 11:51 AM PDT

Castro, Democrat Candidates Show Support for Striking McDonald's Workers

Castro, Democrat Candidates Show Support for Striking McDonald's Workers

Democratic presidential contender Julian Castro joined a march to a McDonald's restaurant in North Carolina on Thursday to draw attention to workers' efforts to raise the minimum wage and secure other protectio...

Thursday, May 23, 2019 at 12:11 PM PDT

62,000 Pounds of Raw Beef Recalled Before Memorial Day

62,000 Pounds of Raw Beef Recalled Before Memorial Day

Better check your raw meat before firing up the grill for Memorial Day. Illinois-based Aurora Packing Company is recalling 62,112 pounds of raw beef products that were shipped out for further distribution and...

Wednesday, May 22, 2019 at 04:04 PM PDT

Amazon Rejects Facial Recognition, Climate Change Proposals

Amazon Rejects Facial Recognition, Climate Change Proposals

Despite pressure from civil rights groups, activist investors and its own employees, Amazon said Wednesday that shareholders at an annual meeting in Seattle voted against proposals related to two major social...

Wednesday, May 22, 2019 at 07:15 AM PDT

Retail Executives Speak Out Against Tariffs Amid Trade War

Retail Executives Speak Out Against Tariffs Amid Trade War

Kohl’s, J.C. Penney and Home Depot executives were united in their messaging against additional taxes on imports from China, as they spoke with analysts during post-earnings conference calls Tuesday. Kohl’s,...

Tuesday, May 21, 2019 at 05:48 PM PDT

Tesla Reduces Prices on Models S and X Amid Stock Slump

Tesla Reduces Prices on Models S and X Amid Stock Slump

Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all the bills. On Monday, Tesla cut...

Tuesday, May 21, 2019 at 03:31 PM PDT

Department Store Woes Reflected in Latest Batch of Results

Department Store Woes Reflected in Latest Batch of Results

The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl's and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year. Penney, which has...

Tuesday, May 21, 2019 at 02:52 PM PDT

California Senate OKs Bill Creating Special Banks for Pot Retailers

California Senate OKs Bill Creating Special Banks for Pot Retailers

Shut out of the traditional banking system by federal laws, the country's largest legal marijuana market in California could benefit if the state approves a measure creating a special class of banks to handle...

Tuesday, May 21, 2019 at 02:44 PM PDT

Apple Bid to Buy Tesla in 2013 for $240 a Share: Analyst

Apple Bid to Buy Tesla in 2013 for $240 a Share: Analyst

With Tesla’s stock sinking to around $200 this week, Craig Irwin, an analyst at Roth Capital Partners, told CNBC on Tuesday that the electric car company could have sold to Apple six years ago for a significant...

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