Business

China’s BYD Co. reportedly is hiring the former U.K. chief of Stellantis NV as the EV maker builds a team of European executives to lead its expansion in the region.

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.

WASHINGTON — The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country.

The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.

Adjusted earnings before interest and taxes this year will be about $10 billion, down from a previous outlook for as much as $12 billion, the company said Oct. 28.

United Rentals Inc. set a quarterly revenue record in Q3 on surging demand in its specialty rentals segment, but the company faced margin pressure on bottom-line results.

PepsiCo said the decision was difficult, but it described the 60-year-old building as a facility with “physical limitations.” The company said it would pay workers for the next 60 days

Profit at International Motors almost doubled year on year in Q3 as the OEM cleared a delivery backlog caused by a Q2 fire at a mirror supplier, with truck sales jumping more than 40%.

The average level of trust in the Fed’s ability measured 3.2 on a scale of 1 to 7, with 7 representing the highest trust. The authors also found a political divide among respondents.

Third-party logistics specialist Total Distribution Inc. is adding 10 facilities across West Virginia and Georgia through the acquisition of REO Processing & REO Logistics, it said in a release.