XML US Business News

Toyota Confirms Sale of Part of Tesla Stake

published about 2 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 3 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 4 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 4 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 6 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