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Jeep exec named Fiat Chrysler CEO

posted: 07/22/2018 4:02 a.m. Discuss

Jeep executive Mike Manley will be the new chief executive officer of Fiat Chrysler Automobile after longtime leader Sergio Marchionne's health suddenly deteriorated following surgery, the company announced Saturday.

Brazil farmers stuck in hard place

posted: 07/22/2018 2:08 a.m. Discuss

These should be jubilant times across the sprawling savanna of southeastern Brazil. Soybean is king there. And with the China-U.S. trade war pushing Chinese buyers to frantically search the globe for alternatives to American soy, Brazil is the most logical first stop.

EU, Chinese stinging U.S., Trump tweets

updated: 07/21/2018 4:04 a.m. Comments 7

President Donald Trump on Friday accused China and the European Union of manipulating their currencies and continued to criticize the Federal Reserve for raising interest rates, saying those moves are putting the United States at a disadvantage.

Calls for tariffs unnerve retailers; China at center of supply worries

posted: 07/21/2018 2:04 a.m. Comments 4

With President Donald Trump's administration hinting Friday that it is considering tariffs on nearly all Chinese imports, Walmart and other U.S. retailers face the possibility of paying more for their Christmas-season inventory. Shoppers, in turn, will feel the effect of the tariffs in their pocketbooks.

Saudis pumping oil per Trump request, then doubt the need

posted: 07/21/2018 2:02 a.m. Discuss

Under pressure from President Donald Trump, Saudi Arabia has rushed to increase oil production -- only to discover that global markets might not yet need it.

Fiat Chrysler denies report on plans to cover for ill CEO

posted: 07/21/2018 1:59 a.m. Discuss

Fiat Chrysler Automobiles NV denied an Italian media report that Chairman John Elkann will convene top managers in Turin today to discuss how to temporarily redistribute the powers of convalescing Chief Executive Officer Sergio Marchionne.

Business news in brief

updated: 07/21/2018 1:56 a.m. Discuss

Krispy Kreme to buy Insomnia Cookies

Debate heats up over tariffs on cars; president’s threat stirs opposition at Commerce Department hearing

posted: 07/20/2018 4:30 a.m. Comment 1

A procession of industry group and foreign government representatives lined up Thursday to oppose President Donald Trump's proposed tariffs on autos and auto parts.

Chinese AC maker buys Springdale firm

posted: 07/20/2018 2:02 a.m. Discuss

As foreign competitors deal with U.S. tariffs on imported metals, a Chinese air-conditioning manufacturer plans to keep its edge with help from a maker of copper and aluminum parts in Springdale.

Auto industry urges U.S. to hit brakes on proposed car tariffs

posted: 07/19/2018 11:43 a.m. Discuss

WASHINGTON — Automakers, dealers and suppliers are united in opposition to President Donald Trump's proposed tariffs on imported cars, trucks and auto parts.

Google hit with $5B fine by EU

posted: 07/19/2018 2:06 a.m. Discuss

European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record $5 billion Wednesday for forcing cellphone makers that use the company's Android operating system to install Google search and browser apps.

Startup sets up virtual ATMs

posted: 07/19/2018 2:02 a.m. Discuss

A Swiss company, Sonect AG, believes every shop can be a virtual ATM.

EU fines Google a record $5 billion over mobile practices

posted: 07/18/2018 11:12 a.m. Discuss

BRUSSELS — The European Union fined Google a record $5 billion Wednesday for forcing cellphone makers that use the company's hugely popular Android operating system to install Google apps.

Elon Musk apologizes for calling cave rescue diver a 'pedo'

posted: 07/18/2018 8:32 a.m. Comment 1

BANGKOK — Tesla and SpaceX CEO Elon Musk has apologized for calling a British diver involved in the Thailand cave rescue a pedophile, saying he spoke in anger but was wrong to do so.

Japan, Europe OK deal on trade

posted: 07/18/2018 2:02 a.m. Discuss

President Donald Trump is inciting a trade war, undermining NATO and painting Europe as a foe. It's no wonder, then, that the European Union is looking elsewhere for friends.

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