Core Points - Relatives of victims from two Boeing 737 MAX crashes are urging the DOJ to impose a $24.78 billion fine on Boeing and prosecute former executives, including ex-CEO Dennis Muilenburg [1] - Boeing reached a deferred prosecution agreement in 2021, but the DOJ found that Boeing breached this agreement [2] - Current CEO Dave Calhoun admitted during Senate testimony that both crashes were Boeing's fault and apologized to the victims' families [3] Group 1 - The families of crash victims are seeking maximum penalties against Boeing, including a significant financial fine and criminal charges against responsible executives [1] - The DOJ is currently determining how to proceed after finding Boeing in breach of its deferred prosecution agreement [2] - Victims' families have increased pressure on the government for accountability and justice following the crashes [2] Group 2 - Boeing has faced heightened scrutiny following a recent incident where a door detached mid-flight, leading to multiple whistleblower reports regarding quality assurance concerns [5] - The company is under investigation by various federal agencies due to these quality assurance issues and the previous crashes [5] - CEO Dave Calhoun is set to step down at the end of the year but will remain on Boeing's board [3]

The California Labor Commissioner's Office has fined Amazon a total of $5.9 million on allegations the company violated a state law by working warehouse employees so hard that their safety was put at risk. The two citations, which were issued in May, said Amazon.com Services LLC violated the state's Warehouse Quota Law at facilities in Riverside and San Bernardino counties, the labor commissioner's office said Tuesday in a press release.Amazon was fined $1.2 million at a warehouse in Redlands and $4.7 milli ...

Chipmaker Nvidia is now the world’s most valuable company, unseating Microsoft as investors bet its AI dominance will remain unmatched for now.   Ticker Security Last Change Change % NVDA NVIDIA CORP. 131.01 -0.87 -0.66%MSFT MICROSOFT CORP. 445.89 -2.48 -0.55%AAPL APPLE INC. 216.67 +4.18 +1.97% The chipmaker’s market value crossed $3.34 trillion on Tuesday, surpassing Microsoft's $3.32 trillion. Apple, which was unseated by both, has a market value of $3.27 trillion. Despite the gains, the trio are neck-and ...

Apple Inc. pulled the plug on its buy now, pay later service, Apple Pay Later, this week, saying installment loan options from other providers will be available on its Apple Pay platform in the near future. "Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay," the iPhone maker said in a statement to 9to5Mac on Monday.  Ticker Security Last Change Change % AAPL APPLE INC. 216.67 ...

A new Boeing whistleblower has emerged alleging that parts determined to be "damaged or otherwise out of specification" are "likely being installed" on the company’s airplanes, raising the possibility of a "catastrophic event," a Senate subcommittee says.  The revelations from current Boeing employee Sam Mohawk, a quality assurance investigator at a production facility in Renton, Washington, come as the Senate Permanent Subcommittee on Investigations is set to question Boeing CEO David Calhoun Tuesday after ...

Boeing is investigating whether some fasteners on its undelivered 787 Dreamliner planes have been incorrectly installed, the aircraft maker told FOX Business.  A Boeing spokesperson said Friday that "Our 787 team is checking fasteners in the side-of-body area of some undelivered 787 Dreamliner airplanes to ensure they meet our engineering specifications.""The in-service fleet can continue to safely operate," the spokesperson added, noting that the issue was discovered during its regular quality control chec ...

Tesla shareholders on Thursday voted to reinstate CEO Elon Musk's $56 billion pay package that was voided by a Delaware judge and change the company's state of incorporation from Delaware to Texas. The EV-maker held its annual shareholder meeting on Thursday in Austin, Texas, and announced that shareholders approved Musk's pay package, according to preliminary results announced by the company's general counsel at the meeting. Additionally, shareholders voted to reincorporate Tesla as a business domiciled in ...

Wells Fargo reportedly handed more than a dozen employees pink slips last month after an investigation found they were faking work. Bloomberg first reported Thursday that, according to the bank's disclosures to the Financial Industry Regulatory Authority, the workers — all from the firm's wealth and investment management unit — were "discharged after review of allegations involving simulation of keyboard activity creating impression of active work." A spokesperson told Reuters in a statement "Wells Fargo ho ...

The Supreme Court on Thursday issued a ruling that sided with coffee giant Starbucks in its challenge against a lower court's order that it rehire seven employees who had been fired amid a unionization push. In an 8-1 decision, the justices threw out the lower court's approval of an injunction sought by the National Labor Relations Board (NLRB) that ordered Starbucks to reinstate the workers while the NLRB's administrative case against the coffee chain proceeds.The case concerned a group of seven workers at ...

Tesla shareholders are set to decide whether to reinstate CEO Elon Musk's $56 billion pay package at the electric vehiclemaker's annual shareholder meeting on Thursday. Musk's compensation package, which is believed to be the largest of any CEO of a publicly traded company in the U.S., was voided by a Delaware judge after finding that Tesla's board didn't adequately disclose its members' relationships to Musk and that the company was on pace to achieve most of the performance-based package's benchmarks.In t ...