Business

Biggest polluting firms failing to disclose climate risks

Almost all of the companies most responsible for corporate greenhouse gas emissions are failing to disclose how climate-related risks might impact them financially, according to a report released by Carbon Tracker on Thursday. The lack of disclosures leaves investors in the dark, and means markets are unable to function efficiently and allocate capital appropriately – […]

Business

Tyson Foods moves corporate jobs to Arkansas in latest blow to Chicago

Tyson Foods Inc (TSN.N) is joining other corporate heavyweights in moving jobs out of Illinois. The biggest U.S. meat company by sales said on Wednesday it will relocate all corporate employees from offices in Chicago and suburban Downers Grove, along with those in Dakota Dunes, South Dakota, to its headquarters in Springdale, Arkansas. It is […]

Business

Pilots union opposes granting Boeing 737 MAX 7, 10 cockpit alerting extension

The union representing 15,000 American Airlines (AAL.O) pilots said on Wednesday it strongly opposes an effort in Congress to extend an exemption from modern cockpit alerting requirements for the Boeing 737 MAX 7 and 10. Boeing (BA.N) faces a December deadline to win approval from the Federal Aviation Administration (FAA) of the 737 MAX 7 […]

Business

U.S. judge temporarily blocks two state lawsuits over J&J talc marketing

A U.S. bankruptcy judge has blocked New Mexico and Mississippi from pursuing lawsuits accusing Johnson & Johnson (JNJ.N) of misleading consumers about the safety of its talc products, such as its baby powder, for now. U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey on Tuesday said the litigation must be paused while an appellate […]

Business

GM Financial to pay over $3.5 mln to resolve claims it violated U.S. law

GM Financial, a unit of General Motors Co (GM.N), agreed to pay over $3.5 million to resolve allegations it violated a U.S. federal law that provides certain benefits and protections to eligible servicemembers, the Justice Department said. GM Financial was accused of violating the Servicemembers Civil Relief Act by illegally repossessing 71 servicemembers’ vehicles and […]

Business

Musk’s attorney was unaware of Twitter whistleblower before Aug. 23 – court filing

Elon Musk attorney Alex Spiro was unaware of a Twitter Inc (TWTR.N) whistleblower before his allegations became public on Aug. 23 and Spiro took no action regarding an anonymous May 6 email claiming to be from a former Twitter employee, according to a Wednesday court filing.

Business

U.S. steps away from flagship lithium project with Buffett’s Berkshire

In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment. A “big part” of those efforts, the president said, was a plan by Warren Buffett’s Berkshire Hathaway Inc […]