Business

Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal

WASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including a near catastrophe last year. Ortberg faced questioning from the Senate Commerce Committee about how the company will ensure that it doesn’t repeat past accidents or manufacturing defects, in his first hearing since he became...
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Meta’s head of AI research announces departure

Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company.  Joelle Pineau, the company’s vice president of AI research, announced her departure in a LinkedIn post, saying her last day at the social media company will be May 30.  Her departure comes at a challenging time for Meta. CEO Mark Zuckerberg has...
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Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout

Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed by the company’s founders. Hooters, like other casual dining restaurants, has struggled in recent years due to inflation, the high costs of labor and food and declining...
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Trump commutes sentence of Ozy Media founder Carlos Watson

President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due to begin serving a 116-month prison term for a multi-million-dollar scheme that included falsely claiming the start-up had deals with Google and Oprah Winfrey, a senior White House official said. Watson had expected to surrender Friday afternoon to the Federal Correctional Institution in Lompoc, California,...
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