Former US nuclear command officer charged with diverting military contracts to her own company

US Navy Captain Heather Cole has been charged with criminal conspiracy after failing to disclose her active-duty military status while negotiating over half a million dollars in defense contracts with her own company. Cole pleaded not guilty before court martial and is set to go to trial in December on charges of criminal conspiracy linked […]

US semiconductor company claims Huawei tried to steal its technology

Huawei has faced quite a bit of pushback in the US as lawmakers and government agencies continue to claim the company and its potential connections to the Chinese government pose a security threat to the country. But the company is also now receiving pressure from California-based firm CNEX Labs, which claims Huawei has been trying […]

Limo company operator in New York crash charged with negligent homicide

[unable to retrieve full-text content] Filed under: Government/Legal,Safety,Commercial Vehicles All 20 victims listed in the felony count. Continue reading Limo company operator in New York crash charged with negligent homicide Limo company operator in New York crash charged with negligent homicide originally appeared on Autoblog on Wed, 10 Oct 2018 19:10:00 EDT. Please see our […]

LinkedIn, a Microsoft company, bought an employee surveying company in a deal said to be valued at over $400 million (MSFT)

Chip Somodevilla/Getty LinkedIn announced its intent to buy the employee survey software company Glint in a deal said to be valued at more than $ 400 million.  Glint specializes in employee surveys measuring satisfaction with management, compensation, and other internal issues.  The company last raised $ 20 million in November 2017, at a $ 220 million valuation.  […]

European offshore wind giant buys US‘ most successful offshore wind company

Enlarge / Gode wind farm off the coast of Germany. (credit: Ørsted) One of the biggest offshore wind developers in Europe, a Danish company called Ørsted, purchased US offshore wind developer Deepwater Wind on Monday. The move suggests confidence in an expanding US offshore wind industry. There are more than 15 gigawatts (GW) of offshore […]

Costco exec says the company still pays better than any rival following Amazon’s decision to raise wages to $15 per hour (COST)

Tim Boyle / Getty Images Costco is unconcerned about losing potential employees to Amazon despite the e-commerce giant’s higher minimum wage. CFO Richard Galanti said that Costco’s average pay still “dwarfs any other retail or retail-type entity out there” in a call with investors on Thursday.  According to Galanti, Costco workers make an average of […]

MoviePass’ parent company just freed up some room to sell more stock — after already increasing its share count by 80,000% since July (HMNY)

Hollis Johnson/Business Insider Helios and Matheson, the parent of MoviePass, is required to reserve millions of shares of stock as part of a series of debt agreements. The company’s creditors have agreed to reduce the number of shares it has to set aside. The move could free the company up to sell new shares to […]

Company that sucks CO2 from air announces a new methane-producing plant

Enlarge / Air capture at Climeworks’ Troia, Italy, plant. (credit: Climeworks) It’s been a banner week for hydrocarbons made from waste gases. Earlier this week, a company announced that it had delivered 4,000 gallons of jet fuel made from steel-plant waste gases to Virgin Atlantic. Now, Swiss company Climeworks has announced the opening of a […]

After working with Tesla’s Australia battery, wind company wants more batteries

Enlarge / Bloomberg Best of the Year 2017: Powerpacks which will be used to form the world’s largest lithium-ion battery stand on display during a Tesla Inc. event at the Hornsdale wind farm, operated by Neoen SAS, near Jamestown, South Australia, on Friday, Sept. 29, 2017. (credit: Carla Gottgens/Bloomberg via Getty Images) In the first half of 2018, energy […]