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AM Business Notebook

>>Judge Rejects Trump Request To Stay Penalties In Civil Fraud Case

(New York, NY)  --  A New York judge is denying Donald Trump's request to pause the enforcement of penalties in his civil fraud case while he appeals the judgment.  The president's request to stay the enforcement of the more than 450-million-dollars in penalties was rejected yesterday.  Trump's legal team had offered to post a 100-million dollar bond while the appeals process plays out, writing in court filings that the judgment made it impossible to cover the full amount.  Trump was found liable for fraudulently inflating his net worth on years of financial statements. 

 

>>Musk Says Tesla Roadster Out Next Year

(Austin, TX)  --  Tesla CEO Elon Musk says the electric automaker plans to start shipping its Roadster sports car next year.  In a series of posts on X Wednesday, Musk said the design was a collaboration between Tesla and his rocket company SpaceX.  Musk also said the luxury vehicle will be capable of going from zero to 60 in less than a second.

 

>>FAA Gives Boeing 90 Days To Fix Critical Quality And Safety Issues

(Washington, DC)  --  The FAA is giving Boeing 90 days to fix its quality and safety issues.  FAA Administrator Mike Whitaker and Boeing CEO Dave Calhoun reportedly had a day-long meeting on Wednesday about the deadline. An FAA-commissioned investigation that took a year found a "disconnect" between the company's executives and employees on safety and added that workers worry about reassignment or restricted career growth for reporting safety issues. The FAA is auditing Boeing's production line after a door plug blew open mid-flight.

 

>>Hundreds Of Thousands Of Jeep Grand Cherokees Recalled  

(Undated)  --  Over 338-thousand Jeep Grand Cherokees are being recalled because of a steering wheel issue.  Chrysler says the issue could cause the steering wheel to fall outward and make drivers lose control of the vehicle.  The recall includes 2021-2023 Jeep Grand Cherokee L and 2022-2023 Jeep Grand Cherokee vehicles.  Chrysler says it's not aware of any accidents potentially related to the recall.

 

>>Teamsters Reach Deal With Anheuser-Busch To Avoid Strike

(St. Louis, MO)  --  Anheuser-Busch and the Teamsters Union have reached a deal to avoid a company-wide strike.  The Budweiser brewer and union leaders each announced the tentative five-year agreement on Wednesday.  The union said the deal will raise pay "significantly," while also improving health care and retirement benefits, and provide more job security. The announcement comes after 99-percent of the workers across 12 breweries agreed to strike if a deal wasn't reached by today.  


 

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