XML US Business News

Toyota Confirms Sale of Part of Tesla Stake

published about 9 hours ago
Toyota said Friday it has sold some of its stake in Tesla Motors, days after German luxury car maker Daimler disclosed it had divested its Tesla shares for a sizable gain.

Indonesia Plays Legal Hardball

published about 10 hours ago
Indonesia Plays Legal Hardball
Indonesian prosecutors are increasingly bringing criminal charges against employees of large companies for allegedly causing losses to the state, a development that is chilling the business community there.

Trinity to Stop Shipments of Guardrail Systems

published about 11 hours ago
Trinity Industries said its Trinity Highway Products unit will stop shipments of its ET-Plus guardrail systems until more crash testing is completed.

H-P Shops China Networking Unit

published about 11 hours ago
H-P Shops China Networking Unit
H-P is seeking a buyer for its corporate-networking business in China, in a deal that could return the operation to local control, according to people familiar with the situation.

Paralyzed construction worker awarded $21.7 million after accident at Pepco site

published about 13 hours ago
A Maryland jury has awarded $21.7 million to Hugo Hernandez Palomino, a construction worker who was paralyzed from the neck down due to a work-related injury at a Pepco site in 2013. Palomino, 28, was working on scaffolding at a Pepco power house in Montgomery County on May 6, 2013, when he was struck by a transformer. The force sent him eight feet into the air and he landed on concrete, snapping his spine, said Palomino’s attorney, William Applegate of ... more