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Boeing CEO faces heat in Congress after 737 Max crashes: ‘The whole world’s watching’

Boeing’s CEO Dennis Muilenburg faces two congressional hearings this week over the 737 Max.

Volkswagen sets up autonomous driving subsidiary, plans Silicon Valley site next year

Monday’s news is the automotive giant’s latest move in the sector

Spotify shares rise as much as 18% after turning a surprise profit

Spotify Technology shares surged as much as 18% Monday after a better-than-expected rise in premium subscriptions boosted profits.

After weak third-quarter sales, Tim Hortons’ parent rolls up its sleeves to fix struggling business

After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business.

Ford to discontinue Flex crossover as it shifts focus to trucks, SUVs

Ford couldn’t immediately say how many employees will be displaced at its Oakville Assembly plant in Ontario, Canada, where the Flex is built.

Estee Lauder downgraded by Piper Jaffray, who says teenagers are wearing less makeup

Estee Lauder was downgraded from overweight to neutral by Piper Jaffray, who says teenagers are wearing less makeup and changing their shopping habits as the “VSCO girl” trend continues.

Walgreens cuts jobs at its US headquarters as drugstore chain slashes costs

Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday.

California wildfires intensify amid hurricane-force winds, forcing evacuations, power shutoffs

California’s governor declared a statewide emergency on Sunday as wildfires fueled by high winds continue to ravage parts of the state and millions are left without power because of planned power shutoffs.