Volkswagen benefited as car demand in Europe accelerated at the fastest pace in 5 1/2 years. Fairfax. by Craig Trudell and Masatsugu Horie.
General Motors Co. GM -0.03 % will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S.
MARKETS AT A GLANCE. (Data as of approximately 5 p.m. ET). LAST, CHANGE, % CHG. DJIA, 17440.6, -127.94, -0.73%. Nasdaq, 5039.78, -48.85, -0.96%.
LONDON— BP BP -1.42 % PLC on Tuesday swung to a loss in the second quarter, as earnings were hit by lower oil prices and a multibillion-dollar charge relating to the deal it reached earlier this month to settle U.S.
Procter & Gamble Co. PG -0.40 % brought back A.G. Lafley two years ago to pull the company out of a protracted slump. This week, P&G is poised to announce his replacement.