Wednesday, July 28, 2021
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Business

Business

Boeing advances on first profit since 2019 as troubles ease

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Boeing Co. earned a profit for the first time in nearly two years, surprising Wall Street and hinting at a potential turnaround after one of the worst financial crises in the planemaker’s century-long history. The shares jumped.

American companies want to hire many more immigrants, but it’s tough to get a...

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Employers are eager to hire more immigrants, if only there were enough visas to go around.

Tesla tops analysts’ profit forecasts as auto margins widen

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Tesla Inc. reported better-than-expected second-quarter earnings, as strong sales of its electric vehicles fattened margins and delivered $1 billion in net income, a milestone for the 18-year-old company.

GM sues Ford claiming trademark infringement over hands-free technology’s name

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General Motors said Saturday that it has sued Ford Motor Co. over the name of Ford's new hands-free driving technology: BlueCruise.

Walt Disney Co. to get $580-million tax break for moving California jobs to Florida

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Walt Disney Co. expects to receive nearly $580 million in tax credits for moving about 2,000 California jobs to Florida.

EV startup Rivian seeks second assembly plant as it closes another $2.5 billion funding...

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Rivian, which pushed the production launch of its Illinois-built electric truck back to September, is already scouting locations for a second assembly plant down the road.

Massive internet outage affects major US websites, including Airbnb, Delta, Daily News

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The websites of several major U.S. companies were temporarily down for many users Thursday in a widespread internet outage.

500,000 US hotel jobs won’t return this year, lodging group says

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Even as tourists return to popular destinations, a new report says nearly 500,000 hotel jobs lost in the United States during the pandemic will not return this year.

Pfizer’s Cape Town deal to produce 100 million vaccine doses for Africa

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Pfizer Inc. said it reached an agreement to start production of its COVID-19 vaccine at a facility in Cape Town in an effort to deliver more than 100 million doses annually to African nations.

Biden order on competition sparks lobbying spree

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A sweeping executive order by President Joe Biden aimed at thwarting corporate consolidation and promoting competition in the economy has already spurred business in one sector: K Street.

Jeff Bezos, Wally Funk and Blue Origin land back on Earth in Texas after...

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Blue Origin and West Texas made space history Tuesday morning by successfully launching and landing a private rocket ship with an all civilian crew just outside of the tiny town of Van Horn.

Ben & Jerry’s to end to ice cream sales in occupied Palestine

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Ben & Jerry’s announced Monday that it would stop selling ice cream in the Israeli-occupied Palestinian territories, calling its business dealings in the region “inconsistent with our values.”

Bezos blastoff puts tiny Texas Town on the map — sort of

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Jeff Bezos is headed to space. But first he has to pass through Van Horn, Texas.

Facebook’s frustrated critics take their fight to Washington

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After years of directly pressuring Facebook Inc. and other social media companies to rid their platforms of hate speech—with limited success—civil rights groups are shifting tack: They’re taking their fight to Washington.

Ericsson to partner with Verizon in $8.3 billion deal to expand 5G coverage

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Ericsson, a Swedish telecom company with its North American headquarters in Plano, Texas, will partner with Verizon to expand its U.S. 5G network in a $8.3 billion deal.

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