Fiat Chrysler to invest $4.5 billion in Michigan for new Jeep SUV models
Fiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of Jeeps to compete in the lucrative market for full-size, three-row SUVs currently dominated by rivals General Motors Co and Ford Motor Co.
U.S. senators tell drug company executives pricing is ‘morally repugnant’
U.S. senators called drug pricing practices “morally repugnant” and told drug company executives they do not want to hear them blame others for the high prices, taking an aggressive stance at a Senate hearing on the rising costs of prescription medicin…
Fiat Chrysler to cut nearly 1,400 jobs at Illinois plant
Fiat Chrysler Automobiles NV said on Tuesday it will cut nearly 1,400 jobs at an Illinois assembly plant where it builds the Jeep Cherokee sport utility vehicle.
Walmart seeks ad business boost in fight with Amazon
Walmart Inc will consolidate advertising sales for its stores and websites, it said on Tuesday, aiming to boost profits from an untapped business as the world’s largest retailer competes with marketing titans Amazon.com Inc, Alphabet Inc’s Google and F…
Wall St. flat as tech gains limited by weakness in consumer discretionary
U.S. stocks were little changed in choppy trading on Tuesday, as gains in technology sector were offset by losses in shares of consumer discretionary companies including Home Depot.
JPMorgan keeps key profit goal, cautious on U.S. recession risks
JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth.
Fiat Chrysler to invest $4.5 billion in Michigan to add new Jeep SUV models
Fiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of Jeeps to compete more effectively in the lucrative market for full-size, three-row SUVs currently dominated by rivals General Motors Co and F…
With OPEC likely to ignore Trump, oil prices stabilize
Oil futures steadied on Tuesday on signs that OPEC plans to maintain production cuts despite pressure from U.S. President Donald Trump, whose comment criticizing rising crude prices sent the market into a tailspin a day earlier.
Senators tell drug company executives pricing is ‘morally repugnant’
U.S. Senators called drug pricing practices “morally repugnant” and told drug company executives they do not want to hear them blame others for the high prices, taking an aggressive stance at the start of a Senate hearing on the rising costs of prescri…
Senators say will support Judiciary panel if it looks into drug patents
Republican Senators John Cornyn and Chuck Grassley said on Tuesday that they would support the powerful Senate Judiciary committee if the panel were to examine the patent system under which drug companies protect the exclusivity of their medicines.
