GM to Build Facility for Self-Driving Cars, Add Employees
General Motors Co. will build a development facility in San Francisco and eventually add 1,100 employees there to work on autonomous vehicles, a major expansion of GM's Silicon Valley presence as it vies with other auto makers to lead the race for self-driving cars.
J.P. Morgan, Citi Score Big Gains, but Shareholders Want More
Some of the nation's largest banks warned Thursday that the benefits investors anticipated from rising interest rates and the election of Donald Trump as president aren't panning out quite as quickly as many had hoped.
Michael Dell Makes Millions in FCC's Airwaves Auction
Michael Dell's bold bet on local television stations appears to have yielded a $350 million profit. He emerged as one of the beneficiaries of the government's airwaves auction when results were released Thursday.
Uber's New Problems in Europe Cast Cloud Over Win in Asia
Uber Technologies is battling fresh regulatory problems in Europe, overshadowing its success in restoring service in Taiwan after a two-month suspension stemming from a dispute with authorities there.
Volkswagen Says Diesel-Buyback Program Is Well Ahead of Schedule
Volkswagen has bought back or terminated the leases of nearly 238,000 diesel vehicles from owners affected by the company's emissions-cheating scheme, surpassing the 50% milestone earlier than it anticipated.
AIG CEO Peter Hancock's Total Pay Fell 23% in 2016
American International Group CEO Peter Hancock's total compensation fell 23% last year as the global insurance conglomerate suffered setbacks in its profit-improvement plan.
BlackRock CEO Laurence Fink Earned $25.5 Million Last Year
The board of BlackRock Inc., the world's largest asset manager, cut Chief Executive Laurence Fink's pay by 2%.
Activist Steps Up Pressure on On Deck Capital
Marathon Partners Equity Management, which is pushing for a new direction at On Deck Capital Inc., intensified its campaign on Thursday, asking other shareholders to join him in voting against re-electing three board members at the online small-business lender's annual meeting next month.
FCC's TV Airwaves Auction Drew $19.8 Billion, Led by T-Mobile
T-Mobile US Inc., Dish Network Corp. and Comcast Corp. were among the top buyers in the U.S. government's auction of airwaves, which drew $19.8 billion in bids.
Shipping Line Rickmers to Wind Down
The trustee of Rickmers Maritime said the container ship operator would be winding down its business after failing to reach an agreement with creditors that would allow it to continue operating.