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Audit faults U.S. oversight of auto safety...
on July 18, 2018 at 7:07 pm

A government audit released on Wednesday faulted the National Highway Traffic Safety Administration's (NHTSA) oversight of auto safety recalls and said its "delayed action" may have delayed the expansion of a record-setting callback of millions of vehicles for Takata air bag inflators. […]

U.S. housing starts hit nine-month low; permits...
on July 18, 2018 at 6:54 pm

U.S. homebuilding fell to a nine-month low in June and permits for future construction declined for a third straight month, dealing a blow to the housing market as it struggles with a dearth of properties available for sale. […]

Airbus inks deal to sell passenger planes to...
on July 18, 2018 at 6:53 pm

Airbus said on Wednesday it had signed an agreement to sell two commercial passenger planes to Uganda as part of the country's plan to revive its national airline which has been defunct for years. […]

World stocks hit month peak; dollar firms to...
on July 18, 2018 at 6:38 pm

A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies. […]

Wall Street traders set for best year since...
on July 18, 2018 at 6:32 pm

Wall Street trading desks may have reached a post-crisis turning point, with revenue on track for the best year since 2011, second-quarter earnings reports from big U.S. banks showed. […]

Google, hit with record $5 billion EU antitrust...
on July 18, 2018 at 6:25 pm

EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal. […]

U.S. tech enforcer says will read 'closely' EU...
on July 18, 2018 at 6:25 pm

The head of the U.S. Federal Trade Commission, which has investigated Alphabet's Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe's recent decision to fine the company 4.34 billion euros ($5 billion). […]

Financial, industrial stocks lift S&P 500...
on July 18, 2018 at 6:22 pm

The benchmark S&P 500 breached a five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations of a solid second quarter. […]

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