By David Shepardson WASHINGTON (Reuters) -Truck engine maker Cummins Inc has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty…
By Katherine Masters NEW YORK (Reuters) - Last-minute shoppers looking for late deals ahead of Christmas may find smaller discounts and fewer items marked down at major retailers including Macy’s, Target and Ulta Beauty, according to an analyst and two…
By Timothy Gardner WASHINGTON (Reuters) -The U.S. proposed rules on Friday for how energy companies can access billions of dollars in tax credits for producing low-carbon hydrogen using new clean energy sources but left thorny issues, such as how nuclear…
By Samrhitha A and Aditya Soni (Reuters) - Warner Bros Discovery and Paramount Global are likely to be "worse off" together as a merger will leave them billions deeper in debt and saddled with dying traditional television assets, Wall Street…
By Luc Cohen and Dietrich Knauth NEW YORK (Reuters) -Rudy Giuliani filed for bankruptcy on Thursday, just days after he was ordered to pay $148 million to two former Georgia election workers he falsely accused of fraud following Donald Trump's…
By David Shepardson WASHINGTON (Reuters) -The U.S. Department of Commerce said Thursday it will launch a survey of the U.S. semiconductor supply chain and national defense industrial base to address national security concerns from Chinese-sourced chips. The survey aims to…
By David Shepardson WASHINGTON (Reuters) -U.S. new vehicles set a record high for fuel economy in 2022, with the biggest yearly improvement in nine years to an average of 26 miles per gallon (mpg) as electric vehicle sales jumped but…
By Amina Niasse NEW YORK (Reuters) - Mortgage rates fell to a six-month low this week to the lowest figure since June, indicating relief has come to prospective buyers on the back of a rallying bond market. The average fixed-rate…
(Reuters) - Microsoft on Thursday discontinued the "mixed reality" feature for Windows through which some hardware devices and software could tap into augmented and virtual reality technologies. The company launched the feature in a Windows 10 update in 2017, and…
By David Shepardson WASHINGTON (Reuters) -Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed. The recall covers 2020 through 2022 model…