Exxon Profit Plummets With Plenty of Oil to Go Around
IRVING, Texas — Exxon Mobil’s profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped.
November 1, 2019Fiat Chrysler, Peugeot to Create Fourth-Biggest Carmaker
MILAN — Fiat Chrysler and France’s PSA Peugeot said Oct. 31 they have agreed to merge to create the world’s fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies.
October 31, 2019General Motors Workers Ratify Contract, 40-Day Strike to End
ROMULUS, Mich. — Striking General Motors factory workers will put down their picket signs after approving a new contract that will end a 40-day strike that paralyzed the company’s U.S. production.
October 25, 2019Trump Taps Perry Deputy Dan Brouillette to Replace Him at Energy Department
WASHINGTON — President Donald Trump says he is nominating a deputy to Energy Secretary Rick Perry to replace him in the top job at the Energy Department.
October 18, 2019FedEx Files $212 Million Building Permit for World Hub in Tennessee
MEMPHIS, Tenn. — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee.
October 17, 2019Mack Truck Workers Begin Strike at Plants in 3 States
Thousands of Mack Truck workers were on strike Oct. 13 at plants in three states, the first such walkout in decades.
October 15, 2019Hope of Coming Back to Shuttered GM Plant Fades for Workers
Many former Lordstown assembly plant workers now spread across GM factories in seven states were hoping that the automaker would agree during contract talks to revive production that ended in March and rescue their old jobs. But that hope is dwindling.
September 27, 2019Long-Term Mortgage Rates Fall; 30-Year at 3.64%
WASHINGTON — U.S. long-term mortgage rates fell this week following a sharp rise the week before, making September the most volatile month for the key 30-year loan since March.
September 26, 2019UPS to Pay $8.4 Million to Settle Claim of Overcharging Government
WASHINGTON — The Justice Department says United Parcel Service Inc. must pay $8.4 million to settle allegations that the company was overcharging the federal government for package deliveries.
September 13, 2019NHTSA Opens Probe Into Nissan Rogue Automatic Emergency Braking
DETROIT — The U.S. government’s road safety agency is investigating complaints that the automatic emergency braking on the Nissan Rogue can turn on for no apparent reason.
September 12, 2019