Porsche pulls 22,000 vehicles for cheating emissions standards
The German government ordered 22,000 Porsche Cayenne sport-utility vehicles to be pulled after the carmaker was implicated in a diesel-cheating scandal.
Optimism on market rebalancing drags oil prices lower
Renewed optimism about the rebalancing of the crude oil market brought concerns about excitability and dragged the price for oil lower early Thursday.
Fed keeps interest rate unchanged amid low inflation
The Federal Reserve declined Wednesday to raise its benchmark interest rate amid a low inflation rate that's lagging despite a strong job market.
Google starts $50M project to help displaced job seekers
Google launched a $50 million initiative Wednesday to assist "the most vulnerable" job seekers find jobs and do well in them.
Police arrest Russian wanted by U.S. in $4B bitcoin scheme
Greek police arrested a Russian man wanted in the United States related to an alleged $4 billion bitcoin money-laundering gang, authorities said Wednesday.
Coca-Cola ditches Coke Zero for reformulated product
Twelve years after its introduction, Coca-Cola Zero is saying goodbye to make way for a new product the company said Wednesday tastes more like original Coke.
Britain to start taking gas, diesel vehicles off roads in 2040
For environmental reasons, Britain will ban all new gasoline- and diesel-powered vehicles from its roads beginning in 23 years, a government report says.
EU concerned over U.S. sanctions on Russia
The European Union on Wednesday said it is concerned with the United States' proposed additional sanctions against Russia, citing a threat to energy independence.
U.S. inventory declines, OPEC trouble help extend oil price rally
A bullish report on crude oil inventories from the United States added to planned and unplanned shortages from OPEC to give oil prices another rally Wednesday.
Reduced Saudi oil imports lead U.S. oil inventories lower
Low imports of crude oil from Saudi Arabia, coupled with firm domestic petroleum demand, will likely reduce U.S. oil inventories, analysts said Tuesday.
Senate committee rejects privatizing air traffic controllers
A Senate subcommittee on Tuesday rejected the Trump administration's goal of privatizing U.S. air traffic controllers, by approving a budget for the Federal Aviation Administration.
Court: Former VW executive to plead guilty in emissions scandal
Oliver Schmidt, a German national who formerly worked as a Volkswagen executive, has agreed to plead guilty over the massive emissions-cheating scandal, a court spokesman said Tuesday.
Supply and demand factors mean higher gas prices
Supply and seasonal demand pressures are catching up with U.S. travelers, pushing gas prices up in all but 11 states, motor club AAA reported.
Samsung releases its first biosimilar drug in U.S.
Electronics giant Samsung made its first foray into U.S. pharmaceuticals Monday when it joined efforts with Merck to release a lower-cost version of a rheumatoid arthritis drug.