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Kal Freight Adds Directors After Being Accused of Malfeasance

A judge approved adding independent directors to Kal Freight’s board after the bankrupt trucking firm was accused of double-pledging its trucks as collateral to obtain financing.

December 11, 2024

Tesla Shares Jump to Record Amid $515 Billion Rally

Tesla shares climbed to a record for the first time since November 2021, buoyed by optimism the company’s self-driving ambitions can get a boost under the forthcoming Trump administration.

December 11, 2024

US Considers New Russia Oil Sanctions to Weaken Putin

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine.

December 11, 2024

More Alleged Participants Indicted in Staged Truck Accidents

An indictment in a New Orleans-area scheme to stage crashes with tractor-trailers names two law firms, two individual attorneys and multiple participants in a sweeping conspiracy.

December 11, 2024

OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.

December 11, 2024

Albertsons Sues Kroger for Failing to Secure Merger

Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

December 11, 2024

Appeals Court OKs Contentious R.I. Truck Tolling Plan

The program, called RhodeWorks, has been mired in court battles since American Trucking Associations and two motor carriers in 2018 challenged the law’s constitutionality.

December 11, 2024

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

December 11, 2024

Biden Signals Plan to Block US Steel-Nippon Deal

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

December 10, 2024

Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge

A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.

December 10, 2024