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5 ways to keep from making these top common money mistakes

How to avoid making bad spending decisions, whether it's an irresistible jacket or a gym membership that you're sure will help you meet your fitness goals.

5 years ago

PSA not sure if engines it delivered to Mitsubishi are part of German probe

French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi between 2015 and 2018 are part of a probe in Germany.



5 years ago

Fiat Chrysler CEO: Peugeot merger talks progressing well

Fiat Chrysler's chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world's No. 4 carmaker are progressing well and he hopes to have a deal sealed within 12-14 months.



5 years ago

ValueAct CEO Jeff Ubben to step down: source

ValueAct Capital Partners LP's founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund's president, Mason Morfit, according to a source familiar with the matter.



5 years ago

S&P 500, Nasdaq hit record on IBM, waning China virus fears

The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China's efforts to contain a virus outbreak eased worries about a wider financial fallout.



5 years ago

Tesla races past $100 billion in market valuation

Tesla Inc on Wednesday became the first publicly listed U.S. carmaker to cross $100 billion in market valuation, in a stunning rally that has seen its stock more than double in the past three months.



5 years ago

U.S. existing home sales vault to near two-year high

U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018.



5 years ago

Trump threatens big tariffs on car imports from EU

U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal.



5 years ago

Drug, nutrition product sales power Abbott's revenue beat

Medical device maker Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, benefiting from higher demand for its nutrition products and generic drug sales.



5 years ago

Safe-haven currencies slip as China virus worries ebb

The U.S. dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.



5 years ago

Toyota recalls 361,000 vehicles for air bag inflator issue

Toyota Motor Corp said on Wednesday it is recalling 361,000 older vehicles worldwide for potentially defective air bag inflators.



5 years ago

Philly refinery sale draws $240 million winning bid from real estate developer

Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.



5 years ago

Real estate developer in $240 million deal to buy Philadelphia refinery

Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions oil refinery, which was the largest and oldest on the East Coast, according to court documents on Wednesday.



5 years ago

Morgan Stanley executive Rich Portogallo to retire: memo

Veteran Morgan Stanley executive Rich Portogallo, who was key in building the bank's prime-brokerage business, is retiring, according to an internal memo seen by Reuters on Wednesday.



5 years ago

Oil slides 2% as surplus forecast overshadows Libya disruption

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output.



5 years ago