Wal-Mart Stores Inc. agreed to buy e-commerce startup Jet.com Inc. for about $3.3 billion, giving the world’s largest retailer the resources for a stronger shopping website to compete with market leader Amazon.com Inc.
August 8, 2016Business
SAF Offers $495 Million for Haldex in Truck-Parts Combination
SAF-Holland SA has offered $495 million (4.2 billion kronor) to buy Haldex AB, a combination of truckmaking suppliers that could help match mechanical parts with sensors and electronic components as big rigs increasingly link up to the internet.
July 14, 2016BusinessTechnology
NHTSA Opens Investigation Into Fatal Crash of Tesla on Autopilot
U.S. regulators are investigating a fatal accident involving a Tesla Motors Inc. sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for the future of self-driving cars.
July 1, 2016BusinessFuel
OPEC Decides Not to Set Cap on Oil Output
OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling.
June 2, 2016Business
Filings for Jobless Benefits Fall for Third Straight Week
Filings for U.S. unemployment benefits declined for a third consecutive week, signaling sustained firming in the labor market.
June 2, 2016Business
Consumer Spending Up in April; Confidence Down in May
Consumer spending climbed in April by the most in almost seven years, but consumer confidence unexpectedly fell in May to the lowest level in six months, according to two reports released May 31.
May 31, 2016BusinessFuel
OPEC Said to Work on Oil Deal to Restore Unity
OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Business
Consumer Sentiment in US Increases Less Than Forecast in May
Consumer confidence in the United States climbed less than forecast in May as Americans were a little less ebullient about the economy’s prospects in the run up to the presidential election, the University of Michigan’s report showed May 27.
May 27, 2016GovernmentBusiness
US Economy Grew Faster Than Anticipated in First Quarter
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, as gross domestic product rose at a 0.8% annualized rate in the three months ended in March.
May 27, 2016BusinessFuel
Oil Eases Gains After Exceeding $50 for First Time This Year
Crude prices in New York and London briefly breached the long-anticipated $50-a-barrel barrier May 26, with West Texas Intermediate touching as high as $50.21 before paring gains and closing at $49.48 on the New York Mercantile Exchange.
May 26, 2016