RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
The huge legal settlement by Raytheon related to bribery in Qatar, and to defrauding the Pentagon in regard to the Patriot Missile systems.
Is swing state business in better shape than it was four years ago? Here’s what the data says
Was the Biden or Trump administration better for the business climate in swing states? Here’s what the data from CNBC’s annual Top States study says.
Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge
The so-called clinical hold is due to a single report of nerve damage in a patient who received the combination shot in a phase two trial.
Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban
The Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for more than 45 years, according to GM.
Amazon announces first Kindle ever with color screen, retailing for $279
The company is refreshing its entire e-reader lineup, launching four new Kindle devices.
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.
Georgia judge blocks rule requiring counties to hand-count Election Day ballots
Critics warned the rule, passed by Trump allies on Georgia’s election board last month, would lead to reporting delays and sow chaos in the battleground state.
Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.
United Airlines plans $1.5 billion share buyback, forecasts fourth-quarter earnings above estimates
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.
Health care fraudster Philip Esformes is latest Trump clemency recipient to be arrested
Donald Trump commuted the 20-year prison sentence of Philip Esformes, convicted of a massive Medicare fraud, during the then-president’s final weeks in office.
