Fiat, PSA face EU antitrust probe over $50 billion merger: sources
Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned...
Ford recalls 2.15 million U.S. vehicles for potentially faulty door latches
Ford Motor Co said on Wednesday it will recall 2.15 million U.S. vehicles with potentially faulty door latches....
ConcoPhillips CEO says surprised by swift recovery in oil prices
ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in...
Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020
The U.S. Federal Reserve on Wednesday signaled it would provide years of extraordinary support for an economy facing a torturous slog back from the coronavirus...
Dollar sinks to three-month lows as Fed keeps easing policy
The dollar extended losses, dropping to a fresh three-month low against a basket of major currencies on Wednesday after the Federal Reserve made no policy...
Fiat, PSA $50 billion merger faces lengthy EU antitrust probe: sources
Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after they declined to offer concessions in a bid to allay EU antitrust...
S&P 500 slips in volatile trade following Fed
The S&P 500 was down slightly in choppy trading on Wednesday after the Federal Reserve repeated its promise of support for the economy but projected...
U.S. inflation subdued with economy in recession
U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid...
U.S. states accuse 26 drugmakers of generic drug price fixing in sweeping lawsuit
Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce...
S&P 500 turns positive as Fed pledges support
The S&P 500 turned positive on Wednesday after the Federal Reserve repeated its promise of support for the economy....