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Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion

Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.

June 16, 2025

Nippon Wins Conditional Approval to Buy US Steel

Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

June 16, 2025

Israel-Iran Clash Revives $100-a-Barrel Oil Fears

The barrage of headlines has revived memories of the political upheavals and price spikes of the 1970s — and yet even when oil prices have jumped, it inevitably proved short-lived.

June 13, 2025

Port of Los Angeles Imports Sink 19% Amid Trump Tariffs

The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.

June 13, 2025

US to Ease Rules Hindering Tesla’s Self-Driving Cybercab

The Trump administration is taking steps that would make it easier for automakers to deploy-self driving cars without driver controls.

June 13, 2025

Oil Tanker Market Roiled by Israeli Airstrikes Against Iran

Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.

June 13, 2025

Ford CEO Says Rare Earth Supply Is ‘Day to Day’

Ford continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.

June 13, 2025

Trump Plans Biofuel Quota Boost

The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year while seeking to discourage the use of imported supplies.

June 13, 2025

Amazon, Walmart Consider Issuing Own Stablecoins: Report

Amazon and Walmart are among large multinational companies that have discussed issuing their own stablecoins in the U.S., the Wall Street Journal reported, citing unidentified people.

June 13, 2025