Business

Eugene Scalia’s nomination to become the next Secretary of Labor in the Trump administration was advanced by a U.S. Senate committee Sept. 24.

The Environmental Protection Agency notified California in a letter Sept. 24 that it has failed to file complete plans for fighting conventional air pollution and may lose highway funding as punishment.

U.S. consumer confidence posted the biggest drop since the start of the year as Americans’ expectations for the economy and the job market deteriorated, posing a risk to the household spending that is underpinning growth.

German prosecutors fined Daimler AG 870 million euros for “negligent violation” in a probe into selling rigged diesel cars.

Home-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates.

LISLE, Ill. — Navistar International Corp. announced it is pushing into 2020 with plans for a new truck plant, electric trucks and a Class 8 with a Level 2 option, and it will place greater reliance on a single vehicle platform to optimize R&D, parts and tooling.

The Chinese government has given new waivers to several domestic state and private companies to buy U.S. soybeans without being subject to retaliatory tariffs, according to people familiar with the situation.

WASHINGTON — The oil refining industry is ready for an upcoming mandate on the type of fuel to be used by the maritime industry, but shippers are scrambling to get ready as the deadline draws near.

The U.S. average retail price of diesel soared 9.4 cents to $3.081 a gallon, the Department of Energy reported Sept. 23, bolstered by a crisis in Saudi Arabia after a drone attack on a major oil plant Sept. 14.

Nissan Motor Co. and Carlos Ghosn will pay a combined $16 million to settle a U.S. regulator’s allegations that they failed to disclose more than $140 million in compensation that the automaker’s ex-chairman was slated to receive in retirement.