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Bloomberg Daimler AG’s Mercedes Benz has agreed to pay as much as $20 million in penalties for violations of how it operated its vehicle recall programme. Mercedes Benz’s US arm must pay $13 million immediately while the remainder is deferred in case there are additional violations. The penalty was announced by the National Highway Traffic Safety Administration. The company had …

Bloomberg Apple Inc, Alphabet Inc’s Google and Amazon.com Inc — three of the biggest smart-home and voice-assistant providers — are joining forces to make internet-connected homes easier to set up and safer to use. The rivals announced that they’re working with the Zigbee Alliance, a foundation that promotes standards for the Internet of Things, and its members including Samsung Electronics …

Bloomberg Boeing Co. scrubbed plans for its CST-100 Starliner to rendezvous with the International Space Station on the capsule’s debut flight, raising doubts over whether the company will be able to ferry astronauts to the orbiting laboratory next year. The mishap represented another high-profile setback for an aerospace giant that was already contending with the prolonged grounding of its top-selling …

Bloomberg Walmart Inc. plans to place its giant brick-and-mortar stores at the center of its strategy to take on its web-based retail rival Amazon.com Inc., Dow Jones reported. Walmart President and CEO Doug McMillon, outlining the plans at a strategy meeting, pitched a vision where the company’s stores and its retail shopping model is the base of an expanding array …

Bloomberg United Airlines Holdings Inc. has given up on flying the Boeing Co. 737 Max until June, two months longer than rival US carriers, as the regulatory fate of the grounded aircraft remains unclear. The Max will be removed from its schedule until June 4, the Chicago-based carrier said. American Airlines Group Inc. and Southwest Airlines Co., the other US …

Bloomberg A pilot on a jet carrying Amazon.com Inc. packages that crashed near Houston in February had a record of repeatedly flunking flight tests and may have become disoriented in clouds, according to newly released documents. The pilot mistakenly thought the plane’s nose was pointed too high and jerked the jet down so steeply that the Boeing Co. 767 dove …

Bloomberg H/2 Capital Partners scrapped an auction for J.C. Penney Inc.’s term loan held by the hedge fund after a weak reception from potential buyers, according to people with knowledge of the situation. Bids for H/2’s sale of about half J.C. Penney’s $1.7 billion term loan didn’t meet the seller’s minimum price. The hedge fund will continue to own its …

Bloomberg Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares ended 2.8% lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion. The stock was included …

Bloomberg China’s government-bond investors will soon be looking for reassurance from the central bank that there’s plenty of cash in the financial system. The country will see a “liquidity hole” of 2.8 trillion yuan ($400 billion) in January, in large part because people across the nation will withdraw cash for the Lunar New Year holiday, according to Guotai Junan Securities …

Bloomberg The European Central Bank’s (ECB) Single Supervisory Mechanism will likely lift the ceiling on Greek banks’ holdings of the country’s sovereign bonds, people familiar with the situation said. The supervisory ceiling set in 2015 is expected to be lifted in February, according to the people, who asked not to be named discussing ongoing deliberations. European and national authorities warned …