Wells Fargo stops giving loans to most independent car dealerships
Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by...
Center for Democracy and Technology files lawsuit against Trump’s executive order on social media
The Washington-based Center for Democracy and Technology filed a lawsuit on Tuesday against U.S. President Donald Trump’s executive order on social media, arguing it violates...
Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a...
California court hears appeal of $289 million verdict against Bayer in first Roundup cancer trial
A California appeals court on Tuesday heard arguments in the first case that went to trial over allegations that Bayer AG’s glyphosate-based weed killer Roundup...
U.S. launches trade probe into digital taxes, plowing ground for new tariffs
The U.S. Trade Representative’s office said on Tuesday it was launching a “Section 301” investigation into digital services taxes adopted or under consideration by a...
U.S. board urges helicopter manufacturers to add crash-data recorders
The National Transportation Safety Board (NTSB) on Tuesday urged six major manufacturers to equip turbine-powered helicopters with crash-resistant systems to record data, audio and images,...
Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns
Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference...
No major conditions on Renault’s state-backed loan, chairman says
France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker’s chairman said on Tuesday, although...
Financing hunt during pandemic lifts May U.S. convertible debt issuance to record
U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the...
Britain, EU clash over financial market access: diplomats
Britain wants binding commitments from the European Union on financial market access to avoid the country’s finance industry suddenly being cut off from the bloc,...