It is nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at the clean-energy company, sending shares spiraling.
September 28, 2018Search
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Editorial: Rush for the Holiday Rush
It’s beginning to look a lot like ... shippers are getting nervous. Please forgive the riff on a familiar holiday classic tune, but reports of shippers rushing to get goods to the United States in advance of more tariffs taking effect — and, thus, potentially affecting the pricing for holiday gifts — have been dominating the news.
September 27, 2018SEC Sues Tesla CEO Elon Musk, Accusing Him of Misleading Investors
Tesla Inc. CEO Elon Musk was accused by the Securities and Exchange Commission of misleading investors when he tweeted that he had funding lined up to take the company private.
September 27, 2018House Passes FAA Bill; Senate Action Up Next
A five-year bill that would authorize federal aviation safety and infrastructure programs set to expire passed the U.S. House on Sept. 26 by a vote of 398-23.
September 27, 2018Tariffs Start to Drag on US Economy as Trade Deficit Widens
Fresh data on the U.S. economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on growth this quarter.
September 27, 2018Durable Goods Orders in August Jump 4.5%
WASHINGTON — Orders for long-lasting U.S. factory goods rose at a healthy pace last month, though the increase was mostly driven by a surge in aircraft demand.
September 27, 2018Federal Rule Will Allow States to Waive Permit Tests for Veterans
A new federal rule will allow state driver’s licensing agencies to waive the requirement of the commercial learner’s permit test for individuals who worked in a military position that required operating a truck within the last year.
September 27, 2018US Economy Grew at Robust 4.2% Rate in Q2
WASHINGTON — The U.S. economy grew at a robust annual rate of 4.2% 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
September 27, 2018ATA Challenges California’s Meal, Rest Break Rules in Petition to FMCSA
American Trucking Associations has petitioned the trucking industry’s top regulator to determine that California’s meal-and-rest-break requirements are pre-empted under federal regulations.
September 27, 2018Ex-Pilot Flying J President Mark Hazelwood Sentenced to 12½ Years
Former Pilot Flying J President Mark Hazelwood was sentenced to 12½ years in prison and fined $750,000 on Sept. 26 for his leadership role in a multimillion-dollar scheme to cheat truckers out of diesel fuel rebates.
September 26, 2018