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Business News

Monday, Oct 1, 2018 at 07:26 AM CDT

GE Ousts CEO Flannery After Less Than 2 Years

GE Ousts CEO Flannery After Less Than 2 Years

After less than two years and a precipitous decline in the share price at General Electric, John Flannery was ousted as chairman and CEO of the century-old company. Flannery took over for longtime CEO Jeff...

Sunday, Sep 30, 2018 at 09:07 PM CDT

New Tesla Chair Must Rein in CEO Musk at Key Moment

New Tesla Chair Must Rein in CEO Musk at Key Moment

It won't be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while...

Monday, Oct 1, 2018 at 08:01 AM CDT

California Is 1st State to Require Women on Corporate Boards

California Is 1st State to Require Women on Corporate Boards

California has become the first state to require publicly traded companies to include women on their boards of directors, according to a law signed Sunday by Gov. Jerry Brown. The measure requires at least one...

Saturday, Sep 29, 2018 at 05:36 PM CDT

SEC Settles Fraud Charges With Tesla's Elon Musk

SEC Settles Fraud Charges With Tesla's Elon Musk

Tesla without Elon Musk at the wheel? To many of the electric car maker's customers and investors that would be unthinkable. But that's what government securities regulators now want to see. The Securities and...

Friday, Sep 28, 2018 at 11:15 AM CDT

Tesla Without Musk at the Wheel? It's What the SEC Now Wants

Tesla Without Musk at the Wheel? It's What the SEC Now Wants

Tesla without Elon Musk at the wheel? To many of the electric car maker's customers and investors that would be unthinkable. But that's what government securities regulators now want to see. The Securities and...

Thursday, Sep 27, 2018 at 08:50 PM CDT

Proposed Robot Brothel Could Open in Houston

Proposed Robot Brothel Could Open in Houston

A Canadian company says it wants to open a so-called robot brothel in Houston, but it's getting pushback from officials and community groups.

Thursday, Sep 27, 2018 at 04:42 PM CDT

SEC Charges Tesla CEO Elon Musk With Fraud

SEC Charges Tesla CEO Elon Musk With Fraud

Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be...

Thursday, Sep 27, 2018 at 09:28 PM CDT

US Seeks to Keep N. Korea Sanctions; Russia, China Object

US Seeks to Keep N. Korea Sanctions; Russia, China Object

Secretary of State Mike Pompeo said Thursday that the world stands at the "dawn of a new day" in relations with North Korea but that international sanctions must remain in place and vigorously enforced if...

Thursday, Sep 27, 2018 at 10:03 AM CDT

US Economy Grew at Robust 4.2 Percent Rate in Q2

US Economy Grew at Robust 4.2 Percent Rate in Q2

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of...

Thursday, Sep 27, 2018 at 06:55 AM CDT

Facebook Unveils New Virtual Reality Headset

Facebook Unveils New Virtual Reality Headset

Facebook CEO Mark Zuckerberg is off to a slow start in his mission to bring virtual reality to the masses, so perhaps it's appropriate his company's next VR headset will be called Quest. The headset from...

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