SpaceX’s Dragon spacecraft arrived at the International Space Station and was captured by the station’s robotic arm while flying over Australia. The spacecraft is carrying 5,500 pounds of supplies and science experiments for the astronauts aboard the station. It launched from pad 39A at NASA’s Kennedy Space Center on Florida’s Space Coast. It was the first time a rocket had flown from the historic pad, which hosted many of the Apollo moon missions, since the space shuttle was retired in 2011. Wells Fargo fired four executives as its board of directors nears completion of its inquiry into sham accounts set up by employees to allegedly meet sales quotas. The four come from the community banking division. They will not receive their 2016 bonuses and will forfeit the stock and stock options. Boeing said it would invest $24.98 million to open its first production facility in Europe to make components for certain aircraft. The 25,000-square-foot facility in Sheffield, England, will make wing flap actuators for Boeing’s nextgeneration 737, 737 MAX and 777 aircraft, the company said. Google is suing Uber and alleging that a former employee engaged in a “concerted plan” to steal trade secrets related to the search giant’s self-driving car technology. Google’s self-driving car subsidiary, Waymo, said that a former top executive who later went to work for Uber illegally downloaded troves of proprietary data onto an external hard drive before taking the information to his new employer. American and United airlines have started offering cheaper no-frills “basic economy” fares as they battle discount airlines. J.C. Penney plans to shutter 130 to 140 stores in coming months, adding to a wave of big-name store closures that promise to leave gaping holes at American malls.
Restaurant Brands International, the parent company of Burger King and Tim Hortons, is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the friedchicken chain.
The Federal Reserve said the economy’s continued growth might persuade it to raise its benchmark interest rate “fairly soon,” according to minutes from its Jan. 31 meeting, even as it acknowledged that the ambitious policies proposed by the Trump administration could have unforeseen effects on the U.S. economy. Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3 percent last month from December to a rate of 5.69 million.
The world’s biggest automakers have asked EPA Administrator Scott Pruitt to reconsider a recent decision to lock in strict fuel efficiency standards for cars and light trucks to be produced in model years 2022 to 2025. The requests could provide the first indication of how the Trump administration will reshape the federal approach to addressing climate change.
Kenneth J. Arrow, a Nobel Prizewinning economist and mathematical theorist who made seminal contributions to social sciences as varied as election theory and health economics and was one of the most influential economists of his generation, died Feb. 21 at his home in Palo Alto, Calif. He was 95. Dr. Arrow, who spent the majority of his career at Stanford University as an economics professor, was 51 when he shared the Nobel with British economist Sir John Hicks in 1972 for their contributions to welfare economics and general equilibrium theory, a branch of economics that studies the behavior of supply and demand for multiple firms in a competitive market.