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  • Hyundai recalls more than 419K vehicles

    Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems.

  • S&P 500 has its worst week in 2 years

    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 vote in favor of Chrysler merger

    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 strikes $5.1B deal to buy Bally

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    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.

    US auto sales sizzle in July, helped by discounts

    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 recalls bikes for ignition switch problem

    Harley-Davidson is recalling more than 3,300 FXDL Dyna Low Rider bikes because engine vibration can turn the switches from “run” to “accessory.”

    Steelmaker ArcelorMittal sees US, Europe improving

    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 2Q profit drops 34 percent

    Hyatt Hotels Corp. on Thursday reported earnings declined 34 percent in its second quarter but beat analysts’ expectations.

    Panasonic, Tesla to build big US battery plant

    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 names Pepsi’s Cornell as chairman, CEO

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    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.

    Adidas issues profit warning on Russia risks

    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.

    Nokia in wireless network deal with Panasonic

    Finnish wireless equipment maker Nokia says it has a preliminary agreement to acquire part of the wireless network business of Japan’s Panasonic Corp.

    Quinn: Workers’ compensation rate to fall in 2015

    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 firm expands Illinois rail car plant

    Japanese rail car manufacturer Nippon Sharyo is expanding its plant in north-central Illinois, adding 90 jobs.

    Cargill to close beef plant, cites cattle shortage

    Cargill plans to close a Milwaukee beef-processing plant that employs about 600 people Friday due to a shortage of cattle.