Business

Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings. Technology shares led all three major U.S. stock averages …

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Tesla Inc (TSLA.O) is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and …

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Swiss elevator maker Schindler (SCHP.S) would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s (TKAG.DE) lift division with rival Kone (KNEBV.HE), board …

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South Korean car giant Hyundai Motor (005380.KS) has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its …

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MGM Resorts International’s (MGM.N) Chief Executive Officer Jim Murren will step down before completing his contract, the U.S. casino operator said on Wednesday. Murren will remain CEO and chairman until …

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Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the U.S. economic outlook, even as he said he expected some drag “soon” from China’s new coronavirus epidemic and …

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The Pentagon is likely to back new U.S. restrictions on Huawei Technologies, reversing earlier opposition to a proposal meant to further crack down on exports to the blacklisted Chinese company, …

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