GM to build mobility design center in Pasadena, California
DETROIT — General Motors said Tuesday that it plans to spend more than $71 million to build a design center in Pasadena, Calif., that will…
AP Wire
Bank of England ditches dividend limits on UK banks
LONDON — The Bank of England today ditched limits on banks to pay dividends to their shareholders that were first introduced at the outset of…
JPMorgan’s 2Q profits more than double, beating expectations
NEW YORK — JPMorgan Chase said its second quarter profits more than doubled from a year ago — a reflection of the improving global economy…
Elon Musk, on witness stand, defends SolarCity acquisition
WILMINGTON, Del. — Tesla CEO Elon Musk took the witness stand today to defend his company’s 2016 acquisition of a troubled company called SolarCity against…
Stocks mixed ahead of earnings season; banks in focus
Stocks were wobbling between small gains and losses in early trading today ahead of a wave of earnings reports from big U.S. companies coming out…
Nordstrom buys minority share in 4 UK fashion brands
NEW YORK — Nordstrom says it’s acquiring a minority interest in four fashion brands owned by a British company called Asos as the department store…
WhatsApp faces EU consumer complaint over privacy update
LONDON — Facebook’s WhatsApp faces a complaint from European Union consumer groups who say the chat service has been unfairly pressuring users to accept a…
Federal Reserve pledges ‘powerful support’ for economy
WASHINGTON — The Federal Reserve says its low interest rate policies are providing “powerful support” for the economy as it recovers from the coronavirus pandemic….
IMF approves $650 billion expansion to fight pandemic
WASHINGTON — The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they battle…
GM recall: Side air bags can explode in Chevy, GMC pickups
DETROIT — General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side air bags can explode without warning and spew…