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Elon Musk unveils his first Los Angeles-area tunnelBillionaire entrepreneur Elon Musk made a brief public appearance late on Tuesday to unveil the first tunnel completed by the underground transit venture he launched two years ago as an ambitious remedy to Los Angeles' infamo… Read MoreMichigan business FloraCraft hands out $4 million in Christmas bonuses to workersFloraCraft will give each of its 200 full-time employees a share of $4 million in cash and 401(k) gifts. The company has never even had a layoff.
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… Read MoreSears to take $443 million in charges arising from store closuresBankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. Total costs related to closing 73 Sears stores and 28 Kmart stores in the… Read MoreGoldman’s Woes Mount as Malaysia Slaps First Criminal ChargeThe country filed the first criminal charges against the U.S. bank in the global corruption probe on Monday, after publicly urging Goldman to come to the negotiating table or face litigation. The firm already is in the thick … Read MoreHungary’s Orban Suffers for His OverconfidenceSince his Fidesz party won a constitutional majority in April and installed him as prime minister for a third consecutive term, Orban has moved to tighten his grip on the country. Earlier this month, the Central European… Read More
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