A subsidiary of General Electric has agreed to pay $2.7 million to resolve claims its employees made false statements to the U.S. Department of Energy and Nuclear Regulatory Commission about a reactor component.
The Justice Department announced the settlement Thursday with General Electric Hitachi Nuclear Energy Americas, a provider of nuclear energy products and services in Wilmington, N.C.
According to the government, GE Hitachi made false statements to conceal flaws in a component of its advanced nuclear Economic Simplified Boiling-Water Reactor known as the steam dryer. GE Hitachi had received federal funding for up to half of the cost of designing and developing the new nuclear power system.
GE Hitachi spokesman Christopher White said the company denies the allegations, but determined that settling the case was in its best interest.
JetBlue, Etihad Airlines announce partnership
JetBlue Airways Corp. and the national airline of the United Arab Emirates, Etihad Airways, have formed a partnership to allow passengers to fly on routes operated by both carriers on a single ticket.
A statement by the two airlines says that initially, Etihad will codeshare on 40 JetBlue routes within the United States.
The airlines say more codeshare services are planned on JetBlue flights once Etihad commences daily flights to Los Angeles this June.
The agreement is subject to government approval.
Activist investor joins board of snack-maker
Activist investor Nelson Peltz is no longer pushing for PepsiCo to buy Mondelez and create a global snack foods giant, after Mondelez appointed him to its board of directors.
Mondelez, which makes Oreo and Chips Ahoy cookies, says the appointment expands its board to 12 members and that Peltz will be among its nominees for election at its shareholders meeting.