Fiat Chrysler considers 5 billion euro special dividend as part of potential deal with Peugeot: Bloomberg
Italian automaker Fiat Chrysler is considering a 5 billion euro ($5.56 billion) special dividend, as part of a potential combination with Peugeot owner PSA , according to a verified tweet by a Bloomberg reporter on Wednesday.
Boeing CEO admits mistakes on key 737 MAX safety system, gets pummeled on compensation
Boeing Co Chief Executive Dennis Muilenburg acknowledged the company made mistakes in the development of a key safety system at the center of two fatal 737 MAX crashes, and was hammered over his compensation at a U.S. House hearing on Wednesday.
Boeing CEO Muilenburg says he has not offered to resign
Boeing chief executive Dennis Muilenburg told a U.S. House panel on Wednesday he has not offered to resign or submitted a resignation letter in the wake of two devastating 737 MAX crashes.
U.S. nears 1MDB recovery deal with Malaysian fugitive Jho Low: Bloomberg
The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost $1 billion that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter.
GM President Mark Reuss takes on additional leadership role
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
White House says it still aims to sign U.S.-China trade deal next month
The Trump administration still expects to sign an initial trade agreement with China next month despite the cancellation of the APEC summit in Chile where officials had hoped to finalize the pact, the White House said on Wednesday.
Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession.
U.S. stocks, Treasury yields drop ahead of Fed decision
Wall Street fell and U.S. Treasury yields dipped as data showed weakening U.S. economic growth and investors looked to an expected rate cut from the Federal Reserve.
Potential FCA, Peugeot merger would be credit positive: S&P
A potential merger between Fiat Chrysler and Peugeot would be credit-positive for both car makers, S&P Global Ratings said on Wednesday, after the companies confirmed they were in talks over a possible tie-up.
Oil extends losses as U.S. stockpiles jump
Oil prices extended losses Wednesday after a steep U.S. crude inventory build added to worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand.
