U.S.-China trade talks extended amid some signs of progress
The United States and China will continue trade talks in Beijing for an unscheduled third day, U.S. officials said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s marke…
Sears workers demand hardship fund after Toys ‘R’ Us success
As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys ‘R’ Us, whose workers collected $20 million in severance pay from its former owners….
Exclusive: Fiat Chrysler nearing U.S. diesel emissions settlement – source
Fiat Chrysler Automobiles NV is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal limits, a person briefed o…
GM did not heed call to keep Oshawa, Ontario plant open: union boss
The head of Canada’s auto union blasted General Motors Co on Tuesday for pushing ahead with plans to phase out work at its Oshawa, Ontario, assembly plant despite calls by workers and politicians in Canada to find a new vehicle to build there.
Apple, Facebook propel Wall Street to three-week peak
The S&P 500 jumped to a three-week high on Tuesday, led by Apple, Amazon, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war.
Tesla sued for passenger death due to defective battery
Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc alleging that its 2014 Model S sedan had a defective battery pack that caused the death of an 18-year old passenger in an accident last year.
On brink of demise, Sears to reconsider billionaire chairman’s bid
Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from billionaire Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department-store chain.
World stocks rise on U.S.-China trade talk hopes
An index of world stocks rose for the third straight session on Tuesday, with investors hopeful that the United States and China would strike a deal to end their months-long trade war that has hurt sentiment in financial markets.
Apple and Amazon propel Wall Street to three-week high
The S&P 500 ascended to a three-week high on Tuesday, led by Apple, Amazon and a rally in industrials on bets that the United States and China would strike a deal to end a trade war.
Mercedes claims luxury car crown as analysts eye challenger Tesla
Mercedes-Benz sold 2.31 million passenger cars last year, likely enough to make it the top-selling premium automotive brand in 2018, although some analysts are questioning how much longer German manufacturers can dominate the luxury car industry.
