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Under the settlement GM agreed to hire an independent monitor of its recall process to insure the company continues to comply with federal safety reporting regulations. ( GM ) is expected to reach a criminal settlement with the U.S. Justice Department as soon as Thursday, over...

Oil traded steady to higher on Tuesday, buoyed by gains on Wall Street that helped prices rebound after a tumble in the previous session, ahead of an industry report that’s expected to show if US crude stockpiles have fallen after weeks of gains.

In early US trading, the Dow Jones industrial average fell 10.79 points, or 0.06 per cent, to 16,729.16, the S&P 500 declined 0.2 points, or 0.01 per cent, to 1,995.11 and the Nasdaq Composite shed 8.01 points, or 0.16 percent, to 4,897.24.

Having made a name for itself with its Mercedes-Benz and Smart tunes, Brabus now wants a piece of the Tesla Model S cake. This formula was also realized successfully in the case of the Tesla Model S. Tailor-made aerodynamic-enhancement components that received their finishing...

This indicates that they’re still waiting for signs that inflation – which has largely faded because of cheaper oil prices and a stronger dollar – will pick up.

Early findings show the failure occurred where the engine was under the highest pressure, though there was no immediate indication of what caused it or the fire that forced 170 people to evacuate Tuesday at McCarran international Airport as smoke poured from the aircraft.

KKR & Co.-owned Samson is planning to file for bankruptcy at midnight in Delaware, said one of the people.

Geelani further said that the case of Kashmiri people was strong and Pakistan’s principled position could lead India to be held accountable before the comity of nations and give up its obstinate policy.

As well, the committee supported the staff recommendation to reduce the so-called passenger “drop fee” from $4.25 to $3.25, as well as a further 10 per cent reduction in the overall fare effective Nov. 1.

The cartel has upped its expectation for oil demand growth this year by 84,000 barrels per day to 1.46 mn bpd, but revised its forecast lower for next year by 50,000 bpd to 1.29 mn bpd.

Perrigo said its board of directors reviewed Mylan’s unsolicited tender offer to acquire all of the outstanding shares of Perrigo and in consultation with its financial and legal advisors, “unanimously determined that the offer substantially undervalues the company...

Against all odds – including predictions that it would take up to a century to reach this milestone – the country’s Minister of Foreign Affairs, Oldemiro Júlio Marques Baloi, has today officially declared the country to be “free of all known landmines”.

But, for banks, what the Fed projects about where rates will be at the end of next year may be far more important. For mortgage rate trends, check with Zillow Mortages for its up-to-the-minute mortgages rates.

KKR-owned oil and gas driller Samson Resources filed for Chapter 11 bankruptcy protection last night to carry out a debt-cutting plan reached with key lenders who will assume control of the company. Samson has more than $2.4 billion in liabilities and assets of up to $50 million....

UAW President Dennis Williams recently indicated that a strike target will now be announced by today. So far, an agreement hasn’t been reached and the union members are preparing for battle. GM and Ford, even with the higher labour costs, are more profitable than Fiat...