The Justice Department said Boeing had agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million after the planemaker breached a 2021 deferred prosecution agreement, according to a court filing on Wednesday. Boeing on July 7 agreed in principle to plead guilty to conspiring to defraud the Federal Aviation Administration after … Read more
General Motors is forgoing plans to produce its autonomous cab Cruise Origin indefinitely as it refocuses efforts on the troubled unit. GM CEO Mary Barra told shareholders on Tuesday that the automaker will “simplify their path to scale by focusing their next autonomous vehicle on the next-generation Chevrolet Bolt, instead of the Origin,” which had been … Read more
Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, including several Canadians, after the U.S. government determined the company violated an agreement that had protected it from prosecution. The plea deal, which was revealed by the U.S. Justice Department on Sunday night and … Read more
The U.S. Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic. After deliberating more than six months, … Read more
TikTok and parent firm ByteDance depicted the security concerns raised by American lawmakers and government officials about the short video platform as purely “speculative” and without evidence to validate accusations against the popular app. That description was made in a legal brief filed on Thursday by TikTok and ByteDance, which asserted that the basis of … Read more
The US Justice Department won’t pursue allegations that ByteDance’s TikTok misled US consumers about their data security in a forthcoming suit accusing the company of children’s privacy violations, according to people familiar with the decision. The department is preparing to file a consumer protection lawsuit against TikTok later this year on behalf of the US … Read more
U.S. lawmakers pressed Boeing’s chief executive Tuesday about the company’s latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners were in the room to remind him of what was at stake. CEO David Calhoun appeared before the Senate investigations subcommittee, which is chaired by … Read more
The Federal Trade Commission said on Tuesday it had referred a complaint against the social media platform TikTok and its parent company ByteDance over potential violations children’s privacy to the Justice Department. In March, a source told Reuters the FTC could resolve a probe into TikTok over allegedly faulty privacy and data security practices by … Read more
The U.S. Justice Department (DOJ) and a group of 30 states and the District of Columbia on Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It is time to break up Live Nation,” said U.S. Attorney General Merrick Garland. Concert fans … Read more
Google has taken the bizarre step of paying the US government’s proposed damages in full as it seeks to avoid a risky jury trial in the Justice Department’s case targeting its alleged monopoly over the digital advertising market. In a little-noticed court filing last week, Google revealed it cut a cashier’s check for a redacted … Read more
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