By David Shepardson (Reuters) -General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles.
U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb
(Reuters) -Warner Bros Discovery is looking at additional opportunities for cost-cutting and raising prices for its Max streaming platform, Bloomberg News reported on Wednesday, citing people with
By Jonathan Stempel (Reuters) -Hyundai's and Kia's American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S.
The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted
Unused European Union funds meant for helping member states recover from the pandemic should be put towards building the defence industry, Poland's deputy prime minister and its
Rescue teams are continuing to search for dozens of construction workers who are believed to be buried in the rubble of an unfinished five-story apartment building that collapsed in South Africa on Monday
Global economic weakness and a slowing domestic economy were among the reasons Australia will report a smaller revenue increase in its federal budget for the year ended June 30
The future of the Tampa Bay Rays is about to come into clearer focus as the St. Petersburg City Council begins discussions about the team's planned $1.3 billion ballpark
(Reuters) -Wells Fargo named former JPMorgan Chase executive Fernando Rivas as co-CEO of its corporate and investment banking (CIB) on Wednesday, as it looks to expand market share on Wall Street.
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.
(Reuters) -Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar
Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday.
Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on
New York Community Bancorp was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
The Prada Group is expanding its production footprint in Italy, including dozens of new jobs at its knitwear factory in Umbria, leaning into “Made in Italy” as integral to the brand’s ethos
An attorney for Donald Trump says the former president looks forward to presenting arguments to a Georgia appeals court that will review a ruling letting Fani Willis keep prosecuting the election interference case against him
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden secured another union's backing on Wednesday as the organization representing American construction workers lined up behind the Democratic
By David Shepardson and Stephen Nellis (Reuters) -Intel said on Wednesday its sales would take a hit after the U.S. revoked some of the chipmaker's export licenses for a customer in China, in a move
Mercedes-Benz Chief Executive Ola Kaellenius on Wednesday spoke against imposing restrictions on trade with China, stressing that the country remains the group's most important
BERLIN (Reuters) -German premium carmaker Mercedes-Benz rejected on Wednesday claims it has been trying to prevent the formation of a union at its Alabama plant, ahead of a critical vote there next
By Mike Spector and Chris Prentice (Reuters) -U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-
Ukraine is pushing to secure a debt restructuring before a two-year payment freeze agreed by holders of its $20 billion of outstanding international bonds
By Alexandra Schwarz-Goerlich and John O'Donnell VIENNA (Reuters) -Austria's Raiffeisen Bank International (RBI) has dropped a bid for a 1.5 billion euro ($1.6 billion) industrial stake linked to
