Month: April 2022

Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch

Amazon.com Inc. launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc., FedEx Corp., and the U.S. Postal Service as being the fastest in the online delivery race, CNBC reports. The…


Why This Data Point From Tesla’s Q1 Earnings Spells Trouble for Legacy Automakers

Tesla Inc. posted strong quarterly results on Wednesday, with positive commentary from the management on the earnings call. But one particular data from its report signaled legacy automakers could be struggling with their transition away from internal combustion engine (ICE) vehicles. What Happened Tesla reported regulatory credits of $679 million for the first quarter, more than double from…


Ohio Jury Finds Doctor Not Guilty of Murder in Fentanyl Case: Columbus Dispatch

An Ohio jury on Wednesday found Dr. William Husel, who had been accused of giving patients lethal doses of fentanyl, not guilty of 14 counts of murder, the Columbus Dispatch newspaper reported. Husel, a former doctor with the Columbus-area Mount Carmel Health System, was accused in Franklin County of purposely causing the death of 14…


Plane Crash Onto Busy Haitian Street Kills at Least 6

PORT-AU-PRINCE—A small plane crashed onto a busy street in the Haitian capital of Port-au-Prince on Wednesday, killing at least six people including the pilot, officials said. The plane took off from the Port-au-Prince airport at 3:44 p.m. ET (1944 GMT) on route to the Haitian city of Jacmel, the Haitian civil aviation authority said, adding…


Delta to Restore Flight Privileges to Passengers Barred Over Mask Violations

WASHINGTON—Delta Air Lines said on Wednesday it plans to restore flight privileges to about 2,000 customers who were barred from flights after failing to comply with mask rules. The Biden administration on Monday said it would no longer enforce a U.S. mask mandate on public transportation and airlines after a federal judge struck down the…


Musk’s Boring Company Valued at $5.6 Billion After Latest Funding Round

Elon Musk’s The Boring Company has raised $675 million in Series C funding round, which now values the tunneling enterprise at $5.675 billion, the company said on Wednesday, adding that the proceeds will be used to ramp up its hiring across sectors. The Austin, Texas-based company, which plans to expand its workforce in engineering, operations,…


Judge Rejects ‘Gag Order’ for Elon Musk

Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc. shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. District Judge Edward Chen in San Francisco agreed with Musk and Tesla that the proposed…


Strong Winds Could Lead to Explosive Fire Growth in West

FLAGSTAFF, Ariz.—Firefighters fanned out across blackened landscape in Arizona’s high country, digging into the ground to put out smoldering tree stumps and roots as helicopters buzzed overhead with buckets of water to drop on a massive blaze. The work has been tedious and steady—all with the recognition that already strong winds will become stronger Friday…


San Diego Special Operations Sailor Dies Training With Marines in Hawaii

By Andrew Dyer From The San Diego Union-Tribune SAN DIEGO—A San Diego-based explosive ordinance disposal and dive officer died Sunday during training at a Hawaii Marine Corps base, the Navy said Wednesday. Lt. j.g. Aaron Fowler became unresponsive during training and was pronounced dead at a hospital, the Navy said in a statement. Fowler, 29,…


Elon Musk Scores Hat Trick of Tesla Compensation Goals Worth $23 Billion

With Tesla’s strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new compensation. The world’s most valuable carmaker posted March quarter revenue and profit that surged past Wall Street estimates as it raised prices in response to inflation, offsetting the impact…