Business News

Luxottica, Essilor $24 billion merger creates eyewear giant

LONDON, Jan. 16 (UPI) -- French lens manufacturer Essilor International agree to buy Ray-Ban and Oakley sunglass maker Luxottica Group in a deal...

Airbag-maker Takata to pay $1B; execs charged with fraud

WASHINGTON, Jan. 13 (UPI) -- The U.S. Department of Justice on Friday announced a settlement with Takata Corp. in which the Japanese auto...

Boeing inks deal for 205 planes with Indian airline SpiceJet

NEW DELHI, Jan. 13 (UPI) -- Indian airline SpiceJet has signed a deal to purchase up to 205 airplanes from U.S. manufacturer Boeing, the company...

Honest Company recalls organic baby powder

SANTA MONICA , Calif., Jan. 13 (UPI) -- The Honest Company, maker of eco-friendly consumer products co-founded by actress Jessica Alba, announced...

CVS offers generic epinephrine injector at market-best price; Cigna drops EpiPen

WOONSOCKET, R.I., Jan. 12 (UPI) -- CVS pharmacies have made available a less-expensive generic epinephrine autoinjector for patients with...

EPA accuses Fiat Chrysler of emissions cheating in diesel trucks

WASHINGTON, Jan. 12 (UPI) -- The U.S. Environmental Protection Agency on Thursday said Fiat Chrysler rigged more than 104,000 Jeep and Dodge...

Apple sales slip, costing CEO Tim Cooks paycheck

CUPERTINO, Calif., Jan. 7 (UPI) -- Apple CEO Tim Cooks annual compensation took a 15 percent hit in 2016 after the company failed to meet sales...

FedEx, Walgreens partner for in-pharmacy dropoff, pickup

WASHINGTON, Jan. 12 (UPI) -- FedEx and Walgreens have announced a partnership that will allow the shipping giant to drop off packages at the...

Amazon to hire additional 100,000 workers over 18 months

SEATTLE, Jan. 12 (UPI) -- Online retail giant Amazon said it will hire an additional 100,000 workers at facilities across the United States in the...

Goldman Sachs Dina Powell expected to join Trump White House

NEW YORK, Jan. 12 (UPI) -- Goldman Sachs philanthropic director Dina Powell will soon join the Trump administration as a White House adviser,...

Fiat Chrysler plans to spend $1B, hire 2,000 in U.S. by 2020

WASHINGTON, Jan. 9 (UPI) -- Fiat Chrysler on Sunday announced it will add thousands of jobs as it plans to build several Jeep models, as well as...

Volkswagen to plead guilty, pay $4.3B for U.S. emissions cheating scandal

WOLFSBURG , Germany, Jan. 11 (UPI) -- Volkswagen Group has agreed to plead guilty to felony criminal charges and pay more than $4 billion in...

Volkswagen ready to plead guilty in emissions scandal, pay $4.3 billion

WOLFSBURG , Germany, Jan. 11 (UPI) -- Volkswagen is ready to plead guilty and pay $4.3 billion in U.S. fines over its emissions cheating scandal,...

Blood-testing startup Theranos to lay off 41% of staff

PALO ALTO, Calif., Jan. 10 (UPI) -- Blood-testing startup Theranos Inc. announced plans to lay off 41 percent of its staff. The Silicon Valley...

Stolen from CES: Razers prototype three-screen laptops

LAS VEGAS, Jan. 10 (UPI) -- Two prototypes of a revolutionary three-screen laptop gaming computer were stolen at Las Vegas Consumer Electronics...