Latest in Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case
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American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.CNBC - 47m -
Defamation case against CNN over Afghan evacuation report goes to a jury
CNN correspondent Alex Marquardt defended his story on Zachary Young, a security consultant who charged $14,000 or more to evacuate people from Afghanistan.Los Angeles Times - 54m -
Judgment in Trump fraud case stands at $502 million before inauguration
President-elect Donald Trump will likely owe the state of New York about half a billion dollars when he's sworn in as president.CBS News - 1h -
Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case
Hino Motors, a Toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the E.P.A. said.The New York Times - 3h -
Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case
In trying to find the line between false statements and misleading ones in the case of a Chicago politician, members of the Supreme Court posed colorful questions.The New York Times - 22h -
U.S. Sues Southwest Airlines Over Chronic Delays
The Transportation Department said in a lawsuit that two of the airline’s routes were consistently delayed in violation of federal rules.The New York Times - 22h -
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.The New York Times - 33m -
Energy Dept. Offers Utilities $22 Billion to Reshape U.S. Power Grids
The loan guarantees are one of the final attempts by the outgoing Biden administration to encourage power companies to cut emissions while trying to keep rates down.The New York Times - 4h -
Toyota reaches $1.6 billion settlement of emissions fraud case in U.S.
U.S. officials announced a $1.6 billion deal with Toyota's Hino Motors unit to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.CBS News - 6h -
Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case
Toyota subsidiary Hino Motors will pay $1.6 billion to settle a fraud case that alleged the company deceived regulators about emissions amounts from its diesel engines, U.S. officials have ...CBS News - 6h -
TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
Business moguls should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell.CNBC - 21h -
U.S. budget deficit swells to record $711 billion in first quarter of fiscal year
The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39%, the Treasury ...MarketWatch - 2d -
CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.CNBC - 2d -
Dementia Cases in the U.S. Will Surge in the Coming Decades, Researchers Say
By 2060, new dementia cases per year could double to one million because of the growing population of older Americans, a study predicts.The New York Times - 3d -
Apple Faces $1.8 Billion Lawsuit in U.K. Court Over App Store
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps ...The Wall Street Journal - 3d -
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Alec Baldwin Sues New Mexico Prosecutors Over Dismissed ‘Rust’ Case
Lawyers for the actor accused law enforcement officials of waging a “malicious prosecution” against him after the 2021 shooting death of a cinematographer on a film set.The New York Times - 6d -
Toyota rethinks its bet on hydrogen
The world’s largest carmaker is pivoting to commercial vehicles after passenger cars fail to gain tractionFinancial Times - 6d -
Judge agrees to delay George Santos' sentencing in federal fraud case
Calling it a “one-time courtesy,” the judge granted George Santos' request to push his sentencing -- but not by as much as the former New York representative requested.ABC News - Jan. 9 -
U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
After staying flat for nearly two decades, electricity use is starting to rise again, and the boom in wind and solar power hasn’t kept pace.The New York Times - Jan. 9 -
Jimmy Carter lies in state at the U.S. Capitol as Americans pay their respects
Former President Jimmy Carter is being remembered in six days of state funeral events.CBS News - Jan. 8 -
Robert F Kennedy Jr accused of voter fraud over New York ballot
Watchdog files complaint after Trump nominee cast vote from New York address that was not his place of residence. Robert F Kennedy Jr has been accused of committing voter fraud in November’s ...The Guardian - Jan. 8 -
Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan
Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.The New York Times - Jan. 8 -
Trump announces Dubai company will invest at least $20 billion in U.S. data centers
DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.CBS News - Jan. 7 -
Trump announces $20 billion foreign investment to build new U.S. data centers
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.CNBC - Jan. 7 -
Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers
President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...MarketWatch - Jan. 7 -
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U.S. Steel, Nippon Steel Challenge Biden's Move to Kill $14.1 Billion Deal
The companies accuse the president, head of steelworkers union and Cleveland-Cliffs CEO of teaming up to block the transaction.The Wall Street Journal - Jan. 6 -
$119 billion of U.S. government debt to be issued this week, raising questions about demand
A total of $119 billion in U.S. government debt issuance is about to drop this week through Wednesday, pushed forward due to Thursday’s abbreviated session for bond traders as the country marks the ...MarketWatch - Jan. 6 -
Starmer hits back at Musk over comments on historic sex abuse cases
UK prime minister says ‘line has been crossed’ as Emmanuel Macron also expresses alarm about billionaire’s interventionsFinancial Times - Jan. 6 -
U.S. Plans $8 Billion Sale of Arms, Including Bombs, to Israel
The Biden administration notified Congress of a weapons package for Israel that is one of the largest new arms sales since the war in Gaza began.The Wall Street Journal - Jan. 4 -
Trump to be sentenced over hush money case but judge signals no jail time
The US president-elect dismisses the case as "nothing but a rigged charade".BBC News - Jan. 4 -
Why is George Santos asking for a sentencing delay in federal fraud case?
George Santos is currently scheduled to be sentenced next month on Long Island after pleading guilty to federal fraud, campaign finance and embezzlement charges.ABC News - Jan. 3 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3 -
Biden blocks Japan's Nippon Steel from $15 billion takeover of U.S. Steel
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S.NBC News - Jan. 3 -
Biden decides to block Nippon Steel’s $15 billion acquisition of U.S. Steel: Report
The White House is expected to announce U.S. President Joe Biden’s decision to block Nippon Steel’s $15 billion takeover bid of U.S. Steel on Friday.CNBC - Jan. 3 -
Xander Schauffele says U.S. Ryder Cup pay is going to charity and 'we're going to take crap'
The PGA of America voted last month to give the 12 players and captain Keegan Bradley $300,000 to donate to a charity of their choice and a $200,000 stipend.Yahoo Sports - Jan. 1
