Wall Street slumped more than 2 percent on Tuesday, pushing all three major indexes into the red for the year, after weak data from China escalated fears that the slowdown in the world's second-largest economy will constrain global growth.
WASHINGTON U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing.
MOSCOW—Russia won't cut crude-oil production in order to support prices, although output may fall if prices remain low for a sustained period, Russian news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying Tuesday.
Yahoo Inc Chief Executive Marissa Mayer said she was pregnant with identical twin girls, likely due in December, but promised she would take limited time away as she works toward turning around the company's struggling online ad business.
Sept 1 Fiat Chrysler Automobiles NV will move the production of Jeep Cherokee out of Toledo, Ohio as the automaker readies the facility for producing its redesigned Jeep Wrangler, Automotive News website reported.