AT&T Inc. agreed to pay a $6.25 million penalty to settle an unusual lawsuit by federal regulators claiming its executives selectively disclosed nonpublic information about the company’s finances to Wall Street analysts.

The telecommunications giant won’t admit or deny the U.S. Securities and Exchange Commission allegations under a ...Read more

NEW YORK — Archegos Capital Management’s Bill Hwang asked a judge to toss out fraud charges against him because prosecutors allegedly engaged in “deceitful” conduct in the early days of the government’s probe.

Hwang was duped into assisting the government in a number of meetings with investigators who didn’t tell him when they’d ...Read more

Delta Air Lines pilots would receive at least 31% in pay hikes over the four-year term of an agreement in principle reached with the carrier.

The tentative accord — with $7.8 billion in total increased value — would also provide a one-time payment to pilots, the Air Line Pilots Association told members in an email Friday. The agreement, ...Read more

Federal Reserve officials have enough worrisome inflation data to consider raising interest rates to a higher peak than investors expect and potentially follow the half-point hike they’ve signaled this month with the same again in February.

Monthly wages rose at the strongest pace since January and U.S. employment surged more than forecast ...Read more

Elizabeth Holmes appealed her criminal fraud conviction, two weeks after she was ordered to serve 11 1/4 years in prison for deceiving investors in her blood-testing startup Theranos Inc.

Lawyers for Holmes, 38, filed a single-page notice of appeal late Friday in federal court in San Jose, California, without disclosing on what grounds the ...Read more

Microsoft Corp. is ready to fight for its $69 billion acquisition of gaming company Activision Blizzard Inc. if the US Federal Trade Commission files a lawsuit seeking to block the deal, according to a person familiar with the matter.

The Xbox maker hasn’t had conversations with the FTC about remedies or concessions aimed at getting the deal ...Read more

Minnesota farmers whose corn and soybeans are blended into biofuels received a long-awaited blueprint of a rule from the Environmental Protection Agency on Thursday that could pave the way to more biomass-based, domestic fuel stocks being mixed into the nation's vehicle engines.

In releasing a proposed update to the Renewable Fuel Standard (RFS...Read more

Ford Motor Co.'s saw its U.S. sales slide in November, but it notched a significant milestone in its electrification strategy: it became the No. 2 brand and manufacturer in electric-vehicle sales behind industry leader Tesla Inc.

The Dearborn automaker sold 146,364 new vehicles last month, down 7.8% from November 2021. Truck sales of 81,210 ...Read more

A key architect of Amazon Prime Video, Jeff Blackburn, is retiring from the e-retailing giant.

Blackburn has long been a pillar at Amazon, one of founder Jeff Bezos' trusted top deputies for more than two decades.

He joined the Seattle-based company in 1998 after helping the then-nascent bookseller navigate its IPO into the public markets ...Read more

In any other time, the jobs news that came down on Dec. 2, 2022, would be reason for cheer.

The U.S. added 263,000 nonfarm jobs in November, leaving the unemployment rate at a low 3.7%. Moreover, wages are up – with average hourly pay jumping 5.1% compared with a year earlier.

So why am I not celebrating? Oh, yes: inflation....Read more

Florida will pull $2 billion from the largest asset-management firm in the world over ideological differences.

State Chief Financial Officer Jimmy Patronis announced Thursday that Florida will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of...Read more

The San Diego region's large $160 billion rail expansion plan might be in jeopardy after more financially conservative future members won their November elections.

As part of an effort to cut down on car traffic, the expansive plan would build a transit connection to San Diego International Airport, fix rail tracks along Del Mar bluffs and ...Read more

A group of activists is bringing a dispute from South Africa's Cape Town to Amazon's Puget Sound headquarters, hoping to stand in solidarity with some Indigenous people and appeal directly to CEO Andy Jassy.

Gathering recently outside Amazon's Day 1 building in Seattle's South Lake Union neighborhood, about five people delivered a petition ...Read more

Although Her Royal Majesty is no longer with us, her endless love for vehicles will live on forever.

As a Range Rover connoisseur, Queen Elizabeth II owned an array of Land Rovers and Range Rovers in her life, including a 1953 Land Rover Series I as well as a 2002 Defender.

As the Jaguar Land Rover brand was the royal family's predominant ...Read more