The U.S. Senate Commerce Committee on Sept. 16 will hold a hearing to consider a bill to strengthen U.S. oversight of aircraft certification following two fatal Boeing Co 737 MAX crashes.
Volkswagen's trucks arm Traton on Thursday increased its takeover offer for U.S. peer Navistar to US$43.00 per Navistar share, up from US$35 per share.
Tesla shares edged up on Thursday in U.S. premarket trade, extending a recovery from this week's drop, but analysts see a bumpy ride ahead as an extreme build-up in derivative positions caps the stock and precludes a full rebound.
U.S. producer prices rose a bit more than expected in August as the cost of services increased solidly, while underlying producer inflation continued to firm.
France's Citroen has a new vehicle it hopes will reach a market most major carmakers have not tapped - drivers as young as 14.
Citigroup Inc Chief Executive Officer Michael Corbat will step down in February 2021, after 37 years with the bank.
The number of Americans filing new claims for unemployment benefits hovered at high levels last week, strengthening views that the labor market was settling into a more gradual path of recovery from the COVID-19 pandemic.
Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory panel to a U.S. markets regulator found.
Communist-run Cuba will soon devalue the peso's one-to-one exchange rate with the U.S. dollar for the first time since the 1959 revolution, according to three sources who requested anonymity due to the sensitivity of the subject.
JPMorgan Chase & Co , Citigroup Inc and State Street Corp have invested US$11 million in Capitolis, a New York-based technology startup that seeks to help banks use capital more efficiently, the companies said.
