By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators said on Monday they have launched an investigation into the April crash of a VinFast VF 8 electric vehicle in Pleasanton, California, in which a family of four died. The National Highway Traffic Safety Administration said the investigation will probe the April 24 crash circumstances and […]
The former owner of a Fresno-based trucking company is facing charges of under-reporting more than $2 million in payroll to avoid workers’ compensation costs, regulators said Wednesday. Heigo Kubar, 84, of Fresno faces three felony charges related to about a half million in workers’ compensation insurance fraud at the company he used to own, TKJ […]
A top Wall Street regulator has proposed outlawing election betting in the U.S. derivatives markets, with officials warning that the activity poses a threat to the sanctity of American elections. The Commodity Futures Trading Commission, which is charged with regulating the vast and complex derivatives markets, voted 3-2 on Friday to issue a new rule […]
Tesla’s Cybertruck doesn’t appear as “apocalypse-proof” as Elon Musk first suggested. Since its November debut, the vehicles have gotten stuck in rough terrain and are facing recalls. When the $60,000+ car was first revealed, its windows were smashed during a live demonstration. Tesla’s Cybertruck hasn’t had quite the debut Elon Musk said it would. Since […]
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The US Federal Trade Commission (FTC) has given conditional approval to ExxonMobil’s nearly $60bn acquisition of Pioneer Natural Resources. As per the terms of the approval, Pioneer’s co-founder and former CEO Scott Sheffield will be barred from joining Exxon’s board due to allegations of attempted collusion with the Organization of Petroleum Exporting Countries (OPEC). The […]
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COLUMBUS, Ohio (AP) — A former top utility regulator awaiting trial on charges he took millions in bribes in conjunction with the largest corruption scandal in Ohio’s history died by suicide on Tuesday, a spokesperson for the Franklin County Coroner’s Office said. Sam Randazzo, 74, the one-time chair of the Public Utilities Commission of Ohio, […]
(Bloomberg) — Energy Transfer LP is asking the Federal Energy Regulatory Commission to take a closer look at a Williams Cos Inc. pipeline project as a legal battle rages between the two companies. Most Read from Bloomberg Energy Transfer said in a FERC filing that Williams is constructing interstate transmission pipeline facilities in Texas and […]