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Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems.
U.S. stocks declined for a second day Friday, adding to the massive sell-off the day before and giving the market its worst week in two years. Investors found little reason to move money into stocks, faced with the growing geopolitical concerns in Israel and Ukraine, as well as banking problems in Europe.
Fiat shareholders have voted in favor of a merger with Chrysler that has been five years in the works and will shift the 115-year-old carmaker’s center of gravity abroad.
Scientific Games plans to buy Bally Technologies in a $5.1 billion deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.
Big discounts helped U.S. auto sales sizzle in July. Toyota, Ford, Nissan and Chrysler all saw double-digit sales gains as the industry had its best July since 2006.
Harley-Davidson is recalling more than 3,300 FXDL Dyna Low Rider bikes because engine vibration can turn the switches from “run” to “accessory.”
ArcelorMittal, the world’s largest steelmaker, says it swung to a profit in the second quarter on higher steel shipments and better margins, and it sees improving markets in the United States and Europe.
Hyatt Hotels Corp. on Thursday reported earnings declined 34 percent in its second quarter but beat analysts’ expectations.
American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.
Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada.
Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
Finnish wireless equipment maker Nokia says it has a preliminary agreement to acquire part of the wireless network business of Japan’s Panasonic Corp.
Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year. Quinn announced Wednesday the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees and proposes new premium figures. …
Japanese rail car manufacturer Nippon Sharyo is expanding its plant in north-central Illinois, adding 90 jobs.
Cargill plans to close a Milwaukee beef-processing plant that employs about 600 people Friday due to a shortage of cattle.