Articles by Richard Clough

Tesla Drops Minority-Worker Language After Musk’s Rants Over Diversity Initiatives

Tesla Inc. removed language about minority workers and supporting employee resource groups from one of its regulatory filings after Chief Executive Officer Elon Musk’s recent comments criticizing diversity initiatives. In its latest 10-K filing released early Monday, Tesla omitted a …

Boeing Offers $100 Million, Beyond Lawsuits, to 737 Max Crash Victims

JULY 3, 2019 — Boeing Co. is offering $100 million to support the families of victims and others affected by two crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits. The money …

GE Still Grappling with Legacy Insurance Business

General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the …

GE Erases ‘Too-Big-to-Fail’ Tag with Sale of Financial Businesses

General Electric Co. won approval to drop its designation as a too-big-to-fail financial institution, capping a transformation that has included the sale of nearly all of its lending business. The decision marks the first time a company has been granted …

U.S. Agencies Join Probe of Fatal California FedEx/Bus Crash

FedEx Corp. will be in the spotlight of U.S. safety investigations operating alongside local law enforcement inquiries after a fiery truck-bus collision killed 10 people in California. Two federal agencies said that they were joining the probe into the April …