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Business

Elon Musk
Florida Today-USA TODAY NETWORK
September 29, 2018 - 7:17 pm

Elon Musk forced to step down as Tesla chairman

SAN FRANCISCO (AP) — Elon Musk's future with Tesla Motors is clearer after the company settled a securities fraud lawsuit with the federal government, but there are other clouds hanging over the electric car maker. Under an agreement announced Saturday by the Securities and Exchange Commission,...
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CBS Chief Executive Officer Leslie Moonves
(Photo by Gabe Ginsberg/Getty Images for Showtime)
September 28, 2018 - 6:11 pm

CBS subpoenaed by Manhattan district attorney on Moonves

NEW YORK (AP) -- CBS says it has been subpoenaed by a New York City prosecutor for information related to sexual misconduct allegations against its former chairman, Les Moonves. CBS said in regulatory filing with the Securities and Exchange Commission on Friday that it received subpoenas from the...
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Getty Images
September 28, 2018 - 1:14 pm

JetBlue will offer fewer frills on its cheapest tickets

NEW YORK (AP) — JetBlue is following the lead of larger rivals by offering a stripped-down ticket with fewer options than regular economy fares. The airline says customers who take the cheapest fare might have to accept limits on when they board, their seat, and whether they can change or cancel a...
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FILE- In this June, 19, 2018, file photo, an Ever Green Line refrigerated container is delivered to a ship to shore crane working the container ship Ever Linking at the Port of Savannah in Savannah, Ga. On Thursday, Sept. 27, the Commerce Department issues the final estimate of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton, File)
September 27, 2018 - 8:58 am

US economy grew at robust 4.2 percent rate in Q2

WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. The performance of the gross domestic product, the...
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FILE- In this March 27, 2018, file photo the Cadillac emblem is shown on the from grill of its XT4 at the New York Auto Show. General Motors is moving its Cadillac brand headquarters from New York City back to Michigan, four years after heading to the big city to become more cosmopolitan. (AP Photo/Mark Lennihan, FIle)
September 26, 2018 - 2:58 pm

Cadillac brand will return to Michigan from New York

DETROIT (AP) — General Motors is moving its Cadillac brand headquarters from New York back to Michigan, four years after heading to the big city to become more cosmopolitan. The move to the Detroit suburb of Warren, Michigan, across the street from GM's giant technical center, will take place in...
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September 25, 2018 - 2:26 pm

Just Dunkin': Dunkin' Donuts to change its name

Dunkin' is dropping the donuts — from its name, anyway. Doughnuts are still on the menu, but the company is renaming itself "Dunkin'" to reflect its increasing emphasis on coffee and other drinks. The 68-year-old chain has toyed with the idea for a while. In 2006, it released a new motto — "America...
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FILE- In this Wednesday, June 20, 2018, file photo, Jason Joshua waits on customers at Zak the Baker in Miami. Americans who quit to take new jobs are enjoying pay raises that are one-third larger than raises for workers who stay put, a gap that has reached the widest point since the Great Recession. At the same time, retail and restaurant workers are receiving more generous raises than manufacturing workers are. (AP Photo/Lynne Sladky, File)
September 08, 2018 - 8:36 am

US adds a strong 201K jobs in August; unemployment stays at 3.9 percent

WASHINGTON (AP) — U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily. Economists have forecast that employers added 189,000 jobs in August and that the unemployment rate dipped from an already-low 3.9 percent to...
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AP Photo/Kiichiro Sato, File
September 07, 2018 - 12:40 pm

Tesla stock goes up in smoke after Elon Musk smokes pot during interview

Shares of electric car maker Tesla Inc. fell more than 6 percent early Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job.
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David Becker/Getty Images
September 04, 2018 - 12:01 pm

Amazon is 2nd US company to reach $1 trillion market value

NEW YORK (AP) -- Amazon has become the second publicly traded company to be worth $1 trillion, hot on the heels of Apple. Amazon has revolutionized how people shop online and is the world's dominant internet retailer. In two decades the company expanded far beyond its bookseller beginnings,...
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FILE- This Aug. 27, 2010, file photo shows the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 24, 2018. (AP Photo/Mark Lennihan)
August 24, 2018 - 7:15 pm

S&P 500, Nasdaq and Russell 2000 close at record highs

Wall Street ended a week of milestones with a few more Friday. The benchmark S&P 500 index closed at an all-time high, just two days after the current bull market in U.S. stocks became the longest in history. The Nasdaq composite and the Russell 2000 indexes also ended the day at all-time highs...
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