Tag: Corporate news
Freed from COVID restrictions, big US banks hike dividends
NEW YORK — Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars...
Alzheimer’s drug stirs hope for patients, worry for doctors
In the weeks since a new Alzheimer's drug was approved, hopeful patients have bombarded Dr. Alireza Atri with calls and emails about a treatment...
15,000 plants seized in raid on illegal California pot farm
SAN DIEGO — Authorities raided an illegal marijuana farm in northern San Diego County on Friday, seizing 15,000 plants and 9 1/2 pounds of...
Tesla to recall 285,000 cars in China and fix cruise control
Tesla is recalling about 285,000 electric vehicles in China because the cruise-control function can be activated accidentally and cause cars to accelerate suddenly, creating...
Japan’s Toshiba wins approval for board, despite controversy
TOKYO — Battered Japanese nuclear and electronics giant Toshiba Corp. faced off with shareholders Friday, seeking to shake off serious questions about governance at...
Break them up? 5 ways Congress is trying to rein in Big Tech
WASHINGTON — Groundbreaking legislation is advancing in Congress that would curb the market power of tech giants Facebook, Google, Amazon and Apple and could...
UK watchdog probes Amazon, Google for fake reviews of goods
LONDON — U.K. regulators said on Friday that they're investigating Google and Amazon over concerns the online giants aren't doing enough to stop fake...
Nike shares surge premarket on N. American sales, outlook
Nike's shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and...
High court expands eligibility for Clean Air Act exemption
WASHINGTON — The Supreme Court on Friday said an expanded number of small refineries can seek an exemption from certain renewable fuel requirements.
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Rory Gamble, who led UAW through scandal, pandemic, retires
DETROIT — Rory Gamble, a former Ford Motor Co. factory worker who led the United Auto Workers through one of the most turbulent periods...