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CEO pay rose 17% in 2021 as profits soared; workers trailed

NEW YORK (AP) — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief ex...

Lawsuit accuses 3 automakers and parts maker in air bag case

DETROIT (AP) — A class action lawsuit is accusing three automakers and a parts manufacturer of knowingly selling vehicles containing air bag inflators that are at risk of exploding. Two deaths and at ...

Federal agency sends team to probe Tesla crash that killed 3

DETROIT (AP) — The U.S. government's road safety agency has dispatched a team to investigate the possibility that a Tesla involved in a California crash that killed three people was operating on a par...

Nearly 43,000 people died on US roads last year, agency says

DETROIT (AP) — Nearly 43,000 people were killed on U.S. roads last year, the highest number in 16 years as Americans returned to the roads after the coronavirus pandemic forced many to stay at home. ...

Musk puts Twitter buy on hold, casting doubt on $44B deal

DETROIT (AP) — Tesla billionaire Elon Musk has put his plan to buy Twitter on temporary hold, raising fresh doubts about whether he'll proceed with the $44 billion acquisition. Musk ...

Sources: Hyundai to set $7B US plant during Biden Asia visit

ATLANTA (AP) — South Korean automaker Hyundai Motor Group is expected to announce next week that it’s building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official fam...

Tesla, Twitter shares drop as Elon Musk's legal issues grow

DETROIT (AP) — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the socia...

Sources: Hyundai to set $7B Georgia plant during Biden visit

ATLANTA (AP) — South Korean automaker Hyundai Motor Group is expected to announce next week it’s building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar...

Elon Musk, an erratic visionary, revels in contradiction

As the uproar over Elon Musk’s $44 billion buyout of Twitter reaches a crescendo, another Musk drama, still chaotic four years after it began, has been back in court. Ironically, tha...

Elon Musk, an erratic visionary, revels in contradiction

As the uproar over Elon Musk’s $44 billion buyout of Twitter reached a crescendo, another Musk drama was back in court. That 2018 spectacle started, ironically enough, with a Musk tw...

Running Twitter may be much harder than Elon Musk thinks

On Tuesday, Elon Musk said he would reverse Twitter’s ban of former President Donald Trump, who was booted in January 2021 for inciting violence at the U.S. Capitol, should he succeed in acquiring the...

Musk says he would reverse Twitter's ban of Donald Trump

LONDON (AP) — Elon Musk said Twitter would reverse its ban of former President Donald Trump if his purchase of the social media company goes through, signaling just how permissive the platform could b...

As gas prices hit record, here's how to get better mileage

DETROIT (AP) — The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. prices hitting another record high on Tuesday. The average price for a g...

Wall Street, tech investors back Musk Twitter bid with $7B

Elon Musk has strengthened the equity stake in his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters li...

How higher Fed rates stand to affect Americans' finances

WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. ...