Companies

Princess Cruises to Pay $40M Penalty for Polluting Ocean (Video)

The cruise line will plead guilty to seven felony charges 'stemming from its deliberate pollution of the seas and intentional acts to cover it up.' (AOL Screenshot)
The cruise line will plead guilty to seven felony charges 'stemming from its deliberate pollution of the seas and intentional acts to cover it up.' (AOL Screenshot)

Princess Cruises is in some royally big trouble. According to a statement the U.S. Department of Justice released Thursday, Carnival’s Princess cruise line will plead...




  • FILE - In this Friday, Nov. 23, 2012, file photo, Tashalee Rodriguez, of Boston, uses a smartphone app while shopping at Macy's in downtown Boston. Shoppers are flocking online Monday, Nov. 28, 2016, as “Cyber Monday” sales hit their peak. Each year, during the busy holiday shopping weekend that kicks off on Thanksgiving and the Friday after, known as Black Friday, more and more shoppers decide to skip the mayhem in stores and shop online. (AP Photo/Michael Dwyer, File)

    With Deals Offered Early, Will Shoppers Buy on Cyber Monday?

    NEW YORK—Millions of Americans paused during the Monday after Thanksgiving to check out online deals and check off people on their holiday gift list. But... Read more

  • Workers at the assembly line of the Honda Motors factory in Celaya, Guanajuato state, Mexico, on Feb. 21, 2014. (OMAR TORRES/AFP/Getty Images)

    How Trump Will Reshape America’s Auto Industry

    Trade, immigration, tax cuts, and deregulation were the big issues of Donald Trump’s campaign. The automotive industry didn’t feature prominently, but his presidency will have... Read more

  • Paul Poirier shops for sales at Target on Black  in Wilmington, Mass, on Nov. 25, 2016. (AP Photo/Elise Amendola)

    Dialing up Deals: Black Friday Online Sales Hit New High

    Holiday shoppers eager to snag big discounts turned to the internet in record fashion this week, one tracking company said, driving online sales on Black... Read more

  • (Drew Angerer/Getty Images)

    Why Is Buffett Buying US Airline Stocks?

    Investors have shunned airline stocks for many years given the corporate mismanagement of the past. But recently, the U.S. airlines industry has been thriving on... Read more

  • SafetyNet members (L-R) Alex Steeves, Abdullah Mostafa, Suzana Vukovic, Thomas Le, and Herman Liao at the University of Ottawa on Nov. 20, 2016. (Rahul Vaidyanath/Epoch Times)

    Startup Weekend More Than Transforming Ideas Into Reality Quickly

    OTTAWA—Startup Weekend provides the water and sunlight from which a remarkable transformation takes place in about 48 hours. An exuberant and perhaps naïve individual with... Read more

  • Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, CA., on April 30, 2015. (DAVID MCNEW/AFP/Getty Images)

    Tesla Motors Officially Owns Solar Panel Installer SolarCity

      PALO ALTO, California—Tesla Motors now owns the nation’s largest solar panel installer. Tesla’s deal to acquire SolarCity Corp. closed Monday morning. Shareholders of both... Read more

  • A Hertz car rental agency stands in Manhattan, New York on June 30, 2016. Shares of Hertz Global Holdings Inc. crashed 23 percent on Nov. 8 after the company announced disappointing results.(Spencer Platt/Getty Images)

    Hertz Gets Hurt by Uber but Still Attracts Investors

    Car rental companies could be the next victims of Uber and other ride-hailing companies that are constantly challenging traditional business models. Facing sluggish revenue growth, Hertz... Read more

  • Elon Musk, CEO of Tesla Motors Inc., talks about the Model X car at the company's headquarters, in Fremont, CA., in this file photo. (AP Photo/Marcio Jose Sanchez, File)

    Tesla, SolarCity Get Shareholder Approval for Merger

        Tesla Motors got approval from investors to combine with SolarCity Corp. in an effort to expand the market for solar power and give... Read more

  • The LinkedIn headquarters in Mountain View, Calif., on Feb. 11, 2011. (Justin Sullivan/Getty Images)

    Russian Regulator Moves to Shut LinkedIn After Court Ruling

      MOSCOW—Russia’s state telecommunications regulator has moved to block business-focused social network LinkedIn after a court ruled it violated a law on data storage. Roskomnadzor... Read more

  • NEW YORK, NY - MAY 14: A man uses his cell phone by a sign outside of the JPMorgan Chase headquarters on May 14, 2012 in New York City. Following a $2 billion trading blunder, JPMorgan Chase's chief investment officer Ina Drew retired and will be succeeded by Matt Zames, an executive from JPMorgan's investment bank. At least two others are also being held accountable for the mistake. (Photo by Justin Sullivan/Getty Images)

    JPMorgan Chase to Pay $264 Million in Chinese Bribery Case

      NEW YORK—JPMorgan Chase & Co. has agreed to pay $264.4 million in fines to federal authorities to settle criminal and civil charges that it... Read more

  • President-elect Donald Trump meets with President Barack Obama in the Oval Office of the White House on Nov. 10, 2016. (AP Photo/Pablo Martinez Monsivais)

    What Trump’s Presidency Means for Health Care Sector

    Health care was one of the issues that dominated the election debates. Pharmaceutical and biotechnology companies, which had been worried about Hillary Clinton’s crackdown on... Read more

  • A Canadian flag flies at BlackBerry's headquarters in Waterloo. The Canadian tech sector could gain an edge over the U.S. in attracting talented immigrants. (The Canadian Press/Geoff Robins)

    Canada’s Tech Sector Expected to Get Boost From Trump Fears

    MONTREAL—Nervousness in Silicon Valley about Donald Trump’s election could give Canada’s technology sector a competitive edge if new labour restrictions ratchet up the war for... Read more

  • Robinhood

    How a New App Takes On Traditional Stock Brokerages

    NEW YORK—People love stories about Robin Hood, a legendary outlaw who took from the corrupt clergy and ruling class in the England of the Middle... Read more

  • Adam Bain at a press conference in Jakarta on Aug. 29, 2014.  (ROMEO GACAD/AFP/Getty Images)

    Twitter’s Chief Operating Officer Steps Down as Company Falters

    NEW YORK—Twitter’s chief operating officer is leaving the company, the latest high-profile departure from the troubled communication service. San Francisco-based Twitter said Wednesday that Adam... Read more

  • Specialist Charles Boeddinghaus (L) directs trading at his post on the floor of the New York Stock Exchange, on Nov. 9, 2016. (AP Photo/Richard Drew)

    US Stocks Surge Following Trump Victory; Bond Prices Tumble

    It turns out that President Donald Trump may not be bad for the stock market after all. Asian stock markets stumbled shortly after Trump overtook... Read more

  • In this photo illustration two bars of the Toblerone Swiss chocolate are shown, at front is the new style 150 gram bar showing the reduction in triangular pieces, in the background is the older style 360 gram bar, pictured in London, on Nov. 8, 2016. (AP Photo/Alastair Grant)

    Toblerone Fans Are Outraged at Recent Shape Change

    GENEVA—More valleys, fewer peaks: The maker of Toblerone Swiss chocolate has widened the spaces in some of its iconic, triangle-array bars, offering about 10 percent... Read more

  • Receive Our Epoch 10 Newsletter
    Important stories from around the world,
    in your inbox daily.

    Top