Fiat bets on electric ‘500’ as it moves on from Renault
Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday,...
Futures pare gains after inflation data
U.S. stock index futures pared gains on Thursday after U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June, dimming hopes...
Europe stocks rally wanes on trade woes, earnings jitters
Europe’s early stocks rally faded and global bond yields rose after jitters over corporate earnings and trade doused an early rally fueled by enthusiasm over...
U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: Wall Street Journal
The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad...
Reckitt to pay $1.4 billion to end opioid addiction treatment probes
Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its...
Delta Air quarterly profit surges 39% on higher fares
Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller...
Delta CEO sees ‘marginal benefit’ as competitors grapple with Boeing MAX grounding
Delta Air Lines Inc sees the momentum behind 6.5% quarterly revenue growth continuing throughout the year, Chief Executive Ed Bastian said, citing strong domestic demand...
FCA to invest 700 million euros for new electric 500 model production
Fiat Chrysler will invest an overall amount of 700 million euros ($788 million) to build a production line for the new electric version of the...
Wall Street banks bailing on troubled U.S. farm sector
In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business...
Vitol faces possible $6 million fine for U.S. power market manipulation
Global energy trader Vitol faces a possible fine of $6 million from a U.S. energy regulator for alleged manipulation in California’s power market, an order...