U.S. Justice Department issues subpoenas to automakers in California emissions probe
The U.S. Justice Department has issued civil subpoenas to four major automakers, demanding that they disclose details on a deal struck with California in July...
China, U.S. agree tariff rollback if phase one trade deal is completed
China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed,...
‘Lion King’ lifts Disney earnings as streaming costs stay under budget
Walt Disney Co’s popular theme parks and a remake of “The Lion King” pushed earnings past Wall Street targets on Thursday, and the company spent...
Democrats question FAA decisions on two Boeing safety issues
Two Democratic U.S. House lawmakers said on Thursday the Federal Aviation Administration overruled agency technical specialists on two Boeing Co safety issues involving the 737...
GM sells shuttered Ohio plant to EV truck start-up
General Motors Co confirmed on Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to...
Global stocks, dollar rally on renewed U.S.-China deal hopes
Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a...
Juncker says Trump won’t impose tariffs on European cars: Sueddeutsche
Outgoing European Commission President Jean-Claude Juncker does not believe U.S. President Donald Trump will impose tariffs on imported European cars next week, he told Germany’s...
Exclusive: Freddie Mac hires McKinsey to review capital with government overhaul looming
Housing finance giant Freddie Mac has hired management consultancy McKinsey & Company to advise on capital management, a spokesman said Thursday, as Freddie and its...
Wall St. gains as China, U.S. agree to remove tariffs in phases
U.S. stocks were higher late on Thursday as the latest signs of progress in U.S.-China trade relations relieved investors, though indexes pared gains after another...
Airbus reshuffles supply chain as former autos executive leaves group
Airbus is seeking a new permanent leader of a $50 billion supply chain as Klaus Richter, chief procurement officer, steps down from his post at...