Ford launched a car-sharing program to help customers rent out their vehicles to pre-screened drivers in a bid to keep up with the changing habits of U.S. drivers.
Thirty-five earthquakes of magnitude 3.0 or greater over seven days in Oklahoma, including some in the Oklahoma City area, have forced the state’s energy regulator to urgently consider tougher restrictions on drilling activity, said a spokesman, who called the spike a “game changer.”
Google is converting an old coalburning power plant in Alabama into a sleek data center running on renewable energy. The $600 million project marks Google’s first commitment in eight years to build a U.S. data center.
Boeing said it would slow production of its 747-8 jumbo jet by 23 percent to one per month starting in March, an effort to keep the production line running amid sluggish demand for the distinctive humped-top plane.
Netflix will execute a seven-for-one stock split next month in a widely anticipated move designed to make the Internet video service’s shares more affordable to more investors.
U.S. airlines continue to collect record fees from passengers who check suitcases or make changes to their reservations. In the first three months of this year, airlines took in $1.6 billion in such fees, up 7.4 percent from a year ago.
Lululemon Athletica, which was hit by a high-profile recall of overly sheer yoga pants in 2013, is recalling the drawstrings on more than 300,000 women’s tops because of the risk of injury. A New York City consumer agency accused Whole Foods of “systemic overcharging” for prepackaged items.
Unemployment rates in Maryland, Virginia and the District remained largely unchanged in May. The Bureau of Labor Statistics data were an early indication that the violent protests in Baltimore over Freddie Gray’s death did not damage the region’s economy.
The European owners of grocery stores Giant, Stop & Shop and Food Lion said they plan to combine, creating what would be one of the largest supermarket chains in the United States. British magnate Richard
Branson announced that Virgin Cruises will sail its first ship out of Port Miami in 2020. Tom McAlpin, chief executive of Virgin Cruises, said the Italian shipbuilding company Fincantieri will build three midsize vessels to be delivered in 2020, 2021 and 2022, with 1,430 cabins to accommodate more than 2,800 guests.
Cigna rejected a $47 billion takeover bid that Anthem made, saying it was inadequate. Anthem reiterated its commitment to striking a deal with the smaller health insurer.
Poor whites tend to live in more affluent neighborhoods than middle-class blacks and Latinos, according to a study by scholars at Stanford.
The U.S. economy contracted in the first quarter at a seasonally adjusted annual rate of 0.2 percent from January through March, better than last month’s estimate of a 0.7 percent decrease.
About 1 in 4 people, or 29 percent, don’t have money set aside to cover emergencies, up from 26 percent last year, according to an annual survey from Bankrate.com. The findings pointed to the lowest savings rates seen in five years.
Monsanto reported better-thanexpected earnings results for the third quarter as executives of the agricultural giant continued to make a case for a $45 billion takeover of Syngenta. The Swiss crop-chemical producer has rejected Monsanto’s unsolicited offers three times.
Nike reported a better-thanexpected profit for the eighth quarter in a row as it sold more highmargin basketball shoes and apparel at higher prices. Nike’s Jordan, LeBron, Kobe and KD basketball shoe brands have been especially popular in the United States, helping drive sales for the company’s footwear division.
Sysco’s planned $3.5 billion takeover of US Foods was blocked by a federal judge, who granted the Federal Trade Commission’s request to delay a merger of the food distribution giants. The case shifts to the FTC’s in-house administrative court, where the agency will seek to permanently block the deal.
Auto parts giant Takata ignored deadly airbag flaws and skipped global safety checks to save money in the years before the largest U.S. auto recall was launched, according to a congressional report cited during a Senate hearing.
A decision on AT&T’s merger with DirecTV is expected any day, and suddenly federal officials are being swarmed with visits and calls by the companies, which are arguing over details of the conditions attached to any approval— a good sign for the merger’s chances. Federal regulators handed TMobile a defeat despite its massive lobbying blitz for more favorable treatment in an upcoming auction of wireless airwaves.
Lisa P. Jackson, former head of the Environmental Protection Agency and Apple’s top executive on environmental issues, will become Apple’s lead on all policy initiatives, including environment, education and accessibility programs.