Grace Cha

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Greece's credit rating just got downgraded AGAIN by S&P

That S&P downgrade sends Athens even further into junk territory, down from B- to CCC+.<p>Here's what S&P had to say:<p>The downgrade reflects our view that Greece's solvency hinges increasingly on<br>favorable business, financial, and economic conditions. <b>In our view, these conditions have worsened due to</b> …

Amazon blasts FAA on pace of drone regulation process

The Federal Aviation Administration is taking too long to approve commercial drone regulations, risking the US falling behind other countries in the burgeoning sector of unmanned aircraft, an Amazon executive told US lawmakers on Tuesday.<p>Less than a week after Amazon was granted a special permit to …

Drones

Mark Cuban takes stand in insider-trading trial

DALLAS — Mark Cuban sparred with a government lawyer Thursday over why the billionaire and Dallas Mavericks owner dumped his shares in a Canadian search-engine company in 2004.<p>Cuban says he had several reasons for selling his stock, including learning about ties between the company and a convicted …

Hyundai to defer payments due from US government staff

<b>Hyundai Motor will defer payments due from US federal employees affected by the partial government shutdown.</b><p>More than 700,000 employees face unpaid leave due to the shutdown which was triggered after the two houses of Congress did not agree on a new budget.<p>Hyundai said affected employees who …