Latest in Billion U.s Projects
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G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
Johnson rejects Biden request for $24 billion on new Ukraine aid
House Speaker Mike Johnson on Wednesday rejected a White House request to pass $24 billion in additional aid for Ukraine by the end of the year, saying any further assistance for Kyiv would be ...The Hill - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.CNBC - Dec. 4 -
Global investigation exposes alleged billion-dollar Russian money-laundering network
UK and foreign law enforcement agencies say networks laundered cash and cryptocurrencies for organised crime gangs across the west. Operatives said to be behind a billion-dollar Russian ...The Guardian - Dec. 4 -
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NFL playoff picture: With the NFC South now a coin flip, here's how Falcons and Buccaneers project to finish
The SportsLine Projection Model's updated projections say the race between Atlanta and Tampa Bay for the division title is up for grabsCBS Sports - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
Billion dollar squirrel: Trump effect fuels crypto’s ‘memecoin’ boom
Tokens based on online viral moments outpace bitcoin over past month but critics say they reflect market frothFinancial Times - Dec. 4 -
College Football Playoff Rankings: Oregon holds on top, Georgia rejoins top five, Alabama in projected field
The fifth top 25 rankings of the 2024 season have arrived from the CFP Selection CommitteeCBS Sports - Dec. 4 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
Alleged North Korea operative uncovered in the U.S.
The Department of Justice has charged a Chinese national for working as a North Korean operative to ship guns and ammunition from the U.S. for a potential attack against South Korea. CBS News' Rob ...CBS News - Dec. 3 -
U.S. looks to end subminimum wage for workers with disabilities
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.CBS News - Dec. 3 -
China Announces a Ban on Rare Minerals to the U.S.
The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.The New York Times - Dec. 3 -
Here’s how investors will be affected by BlackRock’s $12 billion purchase of private-credit provider HPS
In a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.MarketWatch - Dec. 3 -
What's Next in the Legal Battle Over Elon Musk's $100 Billion Pay Deal
The Tesla CEO’s record-breaking compensation package has hit another roadblock, after a Delaware judge again rejected the deal.The Wall Street Journal - Dec. 3 -
UK auditors refuse to sign off Tees Valley regeneration project’s accounts
Accountants Mazars could not get sufficient assurance of Ben Houchen’s body before deadlineFinancial Times - Dec. 3 -
Space Startups Get Government Contracts as SpaceX Explores Share Sale Valued at $350 Billion
The commercial space industry has had a rocket lit under it recently, as the government changes how it awards contracts, looking closely at new innovators.Inc. - Dec. 3 -
AT&T plans to plow $20 billion into buybacks in signal of business turnaround
AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.MarketWatch - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
Vietnam court may commute tycoon's death sentences if she repays $11 billion
A court in Vietnam has upheld the death sentence for real estate tycoon Truong My Lan but said it could be commuted to life if she reimburses some $11 billionABC News - Dec. 3 -
Fantasy Baseball Today: Bounce-backs to buy for 2025 include a projected resurgence for Austin Riley, and more
Plus, why Adolis Garcia may be a bounce-back to sellCBS Sports - Dec. 3 -
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Broncos beat Browns in wild Monday Night Football game with two pick sixes; Projecting tonight's CFP Rankings
Nik Bonitto and Ja'Quan McMillian had pick sixes for DenverCBS Sports - Dec. 3 -
Biden delivers remarks on the relationship between Angola and the U.S.
Watch live coverage as President Biden delivers remarks to honor the past and future of the relationship between the United States and Angola during his trip to Africa.NBC News - Dec. 3 -
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.CBS News - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
ServiceTitan’s planned IPO could come with a more than $5 billion valuation
The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.MarketWatch - Dec. 3 -
Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms' customers
Microsoft was accused of unfairly overcharging customers of rival cloud companies including Amazon, Google and Alibaba Cloud in a U.K. lawsuit filed Tuesday.CNBC - Dec. 3 -
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Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.
Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...The Wall Street Journal - Dec. 3 -
Elon Musk’s $50 Billion Tesla Pay Can’t Be Reinstated, Delaware Judge Rules
The judge said she would not reverse her decision to strike down the package after Tesla shareholders approved it a second time.The New York Times - Dec. 3 -
Real estate tycoon must pay $9 billion to avoid execution in Vietnam
A court in Vietnam upheld a death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion embezzlement and bribery case.NBC News - Dec. 3 -
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country. The Vietnamese property tycoon Truong My Lan has lost her appeal against the death ...The Guardian - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Elon Musk's pay package granted in 2018 was the largest compensation plan in U.S. history for a public company executive.CNBC - Dec. 3 -
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted.NBC News - Dec. 3 -
Judge rejects Elon Musk request to reinstate his $56 billion pay package
Elon Musk was seeking to reinstate a massive 2018 Tesla pay package after shareholders had reapproved it, but a judge denied his request.CBS News - Dec. 2 -
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.CNBC - Dec. 2 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2
