Navistar CEO says company’s big divestitures behind it
(Reuters) – Navistar International Corp , the U.S. commercial truck maker that was forced to sell a number of businesses in recent years, has wrapped up the biggest divestitures related to that turnaround, its top executive said on Wednesday.
Strong factory orders, auto sales brighten U.S. economic picture
WASHINGTON (Reuters) – New orders for U.S. factory goods posted a record gain in July and auto sales last month accelerated to their highest level in 8-1/2 years, offering further bullish signals for the economy.
Carmakers report best U.S. August since 2003
DETROIT (Reuters) – U.S. August auto sales were the highest for that month in more than a decade, thanks in part to heavy discounting by the manufacturers and a strong Labor Day weekend close, with the industry selling at an annualized pace not seen si…
Wall Street ends mixed as Apple weighs on Nasdaq
NEW YORK (Reuters) – U.S. stocks ended mostly down on Wednesday, as a decline in Apple shares dragged the Nasdaq lower and investors held off on big bets before the European Central Bank’s upcoming policy meeting.
Detroit, creditors lay groundwork for fight over bankruptcy plan
DETROIT (Reuters) – Detroit claimed on Wednesday that its plan to adjust its debt and exit bankruptcy is feasible and fair to creditors, but a bond insurance company contended the plan calls for “historic levels of discrimination” among creditors.
Tesla settles on Nevada for battery factory: source
DETROIT (Reuters) – Tesla Motors Inc is finalizing terms of a deal to build its first lithium-ion battery plant in Nevada and will make an announcement about the deal on Thursday, a person familiar with the matter said.
Apple, Google resume talks with tech workers in hiring lawsuit: filing
SAN FRANCISCO (Reuters) – Four technology companies, including Apple and Google , have resumed mediation talks with tech workers in a high-profile lawsuit over hiring practices in Silicon Valley, according to a court filing.
U.S. regulators adopt tighter rules for banks’ cash needs
WASHINGTON (Reuters) – U.S. regulators on Wednesday issued rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.
Exclusive: Icahn sells entire stake in Family Dollar – sources
NEW YORK (Reuters) – Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc , making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.
Google’s Calico, AbbVie forge deal against diseases of aging
(Reuters) – U.S. drugmaker AbbVie Inc and Calico, a new company set up by Google Inc to cure diseases of aging, will each invest $250 million to help create Calico research facilities and collaborate on discovery and development of new medicines.
