Business news in brief
By The Associated Press
Boeing crash victim relatives ask U.S. to fine company $24.8B
Families of some of the people who died in two Boeing 737 Max crashes are asking federal officials to fine Boeing $24.8 billion and move quickly to prosecute the company on a criminal charge that was set aside three years ago.
A lawyer for the families said in a letter Wednesday to the Justice Department that a large fine is justified “because Boeing’s crime is the deadliest corporate crime in U.S. history.”
The lawyer, Paul Cassell, also wrote that the government should prosecute officials who were leading Boeing at the time of the crashes in 2018 and 2019, including then-CEO Dennis Muilenburg. In all, 346 people were killed in the crashes.
Snapchat Inc. to pay $15 million to settle lawsuit
SAN FRANCISCO | Snapchat Inc. will pay $15 million to settle a lawsuit brought by California’s civil rights agency. The California Civil Rights Department accused the company of discriminating against female employees, failing to prevent workplace sexual harassment and retaliating against women who complained.
The department announced Wednesday that the settlement covers women who worked for the company in California between 2014 and 2024. It is subject to court approval. The bulk of the settlement will pay compensation to employees who faced discrimination at the company.
The company says it disagrees with the agency’s claims but that it decided to settle to avoid costly and lengthy litigation.
Onsemi to invest in chip production facility in
Czech Republic
PRAGUE | The U.S. chipmaker onsemi is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic. The government said the money will be invested in the company’s existing production facility in the eastern Czech town of Roznov. It’s the biggest single foreign investment in the country since the split of Czechoslovakia in 1993.
The company based in Scottsdale, Arizona, currently produces 10 million chips a day in Roznov. The government said the investment would increase production by hundreds of percent and create more jobs.
—From AP reports
