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Business Headlines

On this page we've assembled links to stories from national business news sources including the Associated Press, CNN/Money, The Wall Street Journal, The New York Times and others.

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Associated Press
WASHINGTON (AP) -- The Senate on Monday confirmed billionaire investor Wilbur Ross as commerce secretary as President Donald Trump adds to his economic team....
NEW YORK (AP) -- A top engineering executive at Uber, Amit Singhal, is out five weeks after his hire was announced. According to a report in the tech blog Recode, Singhal failed to disclose that he'd left his previous job at Google because of a sexual harassment allegation....
DETROIT (AP) -- Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S....
DETROIT (AP) -- The Latest on Takata's guilty plea in an investigation of dangerous air bag inflators (all times local):...
Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years....
      
Wall Street Journal
Japanese automotive supplier Takata pleaded guilty to criminal wrongdoing and agreed to pay $1 billion in penalties for providing misleading testing reports to auto makers on rupture-prone air bags installed in millions of vehicles.
Hertz Global Holdings Inc. reported a loss in 2016 as it booked more than $254 million in charges amid continued weakness in its car-rental business.
Priceline Group declined to address President Donald Trump’s executive order on immigration and refugees, opting to sit out a topic that has roiled the travel sector.
Snap, which this week could become the biggest technology public offering in years, defiantly operates unlike most Silicon Valley outfits, where collaboration and wide-open office spaces are prized. The question is whether this management style and focus on privacy will help the company challenge the Facebook juggernaut.
Uber Technologies Inc. fired a top software engineer for failing to disclose allegations of sexual harassment at his previous employer, Alphabet Inc.’s Google, a person familiar with the matter said on Monday.
      
CNNMoney
Wilbur Ross, tapped to be a crucial player in President Trump's trade agenda, will finally get on the field. The U.S. Senate voted Monday evening to confirm the billionaire as America's next commerce secretary.
Don't blink. You'll miss another record falling on Wall Street. The red-hot Dow closed at an all-time high yet again on Monday, its 12th consecutive record day. That's tied for the longest streak of records ever.
President Trump promised the nation's leading health insurers that his administration will work with them to stabilize the Obamacare markets and smooth the transition to the Republicans' plan for health care.
Governors are split over reforming Obamacare and Medcaid. But there is one thing they agree on: They don't want their residents to be left uninsured.
House Republicans are proposing a major reform called a border adjustment tax. President Trump was against it, but he's warming up to it. It's complicated, but stick with us.
      
NY Times Business Headlines
The Academy Awards drew 32.9 million viewers, the third straight year of declining viewership and the second-lowest total since Nielsen started tracking viewership in 1974.
Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years.
The stunning gaffe instantly became the central theme of the awards. And just as quickly, PricewaterhouseCoopers had a major brand crisis on its hands.
Amit Singhal, the head of Uber’s engineering efforts, did not disclose the circumstances of his departure from Google last year, according to a person familiar with the matter.
Plaintiffs in a class action say internal documents from at least four automakers show that they continued to use the flawed airbags to save on costs.
      
USA Today Business Headlines
In pleading guilty, Takata admitted hiding evidence that millions of its air bag inflators can explode with too much force, hurling lethal shrapnel into drivers and passengers.
     
 
 
When the president-elect stepped in to save 750 Carrier jobs that had been bound for Mexico, John Feltner allowed himself to hope Donald Trump might save his job, too
     
 
 
Investors will be looking for details about the president's tax and infrastructure plans.
     
 
 
The mistake threatened to undermine the auditing firm's reputation as an awards monitor.
     
 
 
"We will adjust to potential changes in tax policy or protectionist tendencies," he said.
     
 
 
      
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