LOS ANGELES (AP) — A Chinese company that sold millions of faulty dehumidifiers to U.S. customers will pay $91 million for failing to tell regulators that the devices could overheat and could catch fire, federal prosecutors announced Friday. Gree Electric Appliances, Inc. of Zuhai, China and its Hong Kong subsidiary entered into an agreement to […]

NEW YORK (JTA) – New York State’s state pension fund will divest its holdings in Unilever in response to the July decision by the conglomerate’s affiliate Ben & Jerry’s to restrict ice cream sales in the West Bank. State Comptroller Thomas DiNapoli’s announcement Thursday makes New York the fourth state to move to sanction the […]

NEW YORK (AP) — Donald Trump’s social media company will get tens of millions in special bonus shares in a new publicly traded entity if it performs well, handing the former president possibly billions of dollars in paper wealth based on current stock prices, according to a filing with security regulators Tuesday. The document says […]

NEW YORK (AP) — An Ohio trader in penny stocks was arrested Tuesday on charges alleging he earned over $1 million illegally by lying repeatedly to his over 70,000 Twitter followers to get them to buy stocks in what authorities are calling a new social media-infused twist on an old stock manipulation game. Steven Gallagher, […]

TALAHASEE (JTA) – Florida state entities will cease new investments in Unilever, Ben & Jerry’s parent company, as of Tuesday, because the ice cream maker plans to stop selling its product in the West Bank. Florida Gov. Ron DeSantis, a Republican, in July triggered a 90-day review mandated by Florida law which mandates divestment from […]

DUBAI, United Arab Emirates (AP) — Two years ago, Apple threatened to pull Facebook and Instagram from its app store over concerns about the platform being used as a tool to trade and sell maids in the Mideast. After publicly promising to crack down, Facebook acknowledged in internal documents obtained by The Associated Press that […]

DETROIT (AP) — Tesla wants to keep secret its response to the U.S. government’s request for information in an investigation of its Autopilot partially automated driving system. The electric vehicle maker sent a partial response by a Friday deadline to the National Highway Traffic Safety Administration, which is investigating how the system detects and responds […]

NEW YORK (AP) — The company planning to bring President Donald Trump’s new media venture to the stock market soared for a second straight day on Friday. Digital World Acquisition Corp. nearly tripled in the first minute of trading before trading in it was temporarily halted. That was the first of at least five time-outs […]

DETROIT (AP) — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history. The company said Wednesday that it made $1.62 billion in the third quarter, beating the old record of $1.14 billion set in the second quarter […]

Walgreens will begin flying packages by drone to residents in a pair of Texas cities in partnership with Google’s drone-making affiliate, Wing. The companies said they will begin testing the service next week in the city of Frisco and neighboring Little Elm, two fast-growing communities north of Dallas where road traffic is “probably the biggest […]