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The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the owner of the New York Mercantile Exchange for $9.5 billion, the Associated Press reported.

The Federal Reserve Sunday cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds, Bloomberg reported.

Volvo Trucks North America and the United Auto Workers said they reached a tentative agreement for a new three-year contract at Volvo’s Virginia heavy-duty truck assembly plant, where about 2,600 workers have been on strike since Feb. 1.

Less-than-truckload carrier Con-way Freight announced last week that it will set speed governors on its trucks at a maximum of 62 mph, down from 65 mph — a move the company said will cut its diesel consumption by about 3.2 million gallons a year.

Historically, trucking companies have relied on information technology systems — both in the cab and in the office — that run proprietary software on proprietary hardware, effectively making it impossible for one manufacturer’s system to access data gathered by another service.

The U.S. average retail diesel price broke its record high for the third straight week, surging to $3.819 a gallon and topping $4 a gallon in some places, pushed by soaring crude oil prices that also set all-time highs and closed above $110 a barrel for the first time in history.

U.S. consumer confidence fell to a 16-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index, released Friday.