Business

NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Nov. 2.

DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.

Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

AURORA, Colo. — Port leaders believe they are part of the solution to capturing renewable wind energy off of their coasts and under their operation with giant wind turbines that float on the water.

Traton SE experienced an increase in revenue and operating results despite market headwinds during the third quarter of 2023, the company reported Oct. 25.

Profits at Eaton Corp. jumped year-over-year in the third quarter, but executives are not optimistic about commercial vehicle prospects in 2024.

Forward Air Corp. reported an 82.2% drop in earnings during the third quarter of 2023 as revenue declined amid a weak freight environment, the company reported Oct 30.

West Virginia will use an FMCSA grant for $140,729 to provide more accurate and timely data to state law enforcement about commercial motor vehicle safety accidents.

WEST POINT, Miss. — Executives from Yokohama Tire Corp. said their motor carrier customers have adjusted well to the post-COVID economy, but it's not business as usual.