Business

Image copyright Getty Images Amazon has posted a fourth successive quarter of record profit. The online retailer and cloud computing provider said net profit more than doubled to $3.56bn (£2.76bn), beating analyst estimates. Revenue growth slowed, however, in part because of weaker sales outside the US. Sales rose 17% to $59.7bn. It expects sales growth […]

SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm’s shares down 5 percent. The SEC’s request potentially could reopen a turbulent chapter for the electric vehicle maker

Image copyright Getty Images Image caption Could better tracking of air pollution help us choose safer routes? The air we breathe is killing us. The World Health Organisation (WHO) says air pollution causes the death of seven million people a year and accounts for a third of fatalities from stroke, lung cancer and heart disease,

Nearly 1,700 workers at a GE Transportation plant in Erie, Pennsylvania, went on strike Tuesday, marking the first large-scale work stoppage in the U.S. manufacturing sector in three years. Union members with the United Electrical, Radio and Machine Workers of America (UE) say the factory’s incoming owner, Pennsylvania-based Wabtec Corp., is trying to impose mandatory

Image copyright Getty Images A resident who fails to pay their first month’s council tax bill of £167 can see the cost increase to £2,065 in nine weeks, according to Citizens Advice. The missed payment in England and Wales can mean they are liable for the rest of the annual bill, as well as court

Casino mogul Steve Wynn’s former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago. The penalty against Wynn Resorts Ltd. ends an investigation that began after The Wall Street Journal reported that several women

Image copyright PA The Jockey Club, which runs the UK’s biggest race festivals, is braced for “financial challenges”, despite a tenth year of record profits. Bookmakers have warned that tougher regulations on gambling could hit the racing industry through the closure of thousands of betting shops. The Jockey Club has estimated the cost to racing

Prosecutors have charged a former high-ranking coal company manager in Kentucky with conspiring to defraud government regulators as they tried to protect miners from black lung disease. The Labor Department announced the grand jury indictment Wednesday of Glendal “Buddy” Hardison, who managed all the western Kentucky mines for the now-defunct Armstrong Coal Co. Officials made

Image copyright Getty Images Image caption The new £17.6bn railway across London was due to open in December 2018 Crossrail will finally be completed two years behind schedule, transport bosses have confirmed. But the completion between next October and March 2021 will not include the opening of Bond Street, one of 10 new stations along

By Mike Spector, Jessica DiNapoli and Nate Raymond March 4 (Reuters) – OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday. The potential