NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday, holding near record highs on a day of light volume, though a number of retail stocks traded heavily after reporting results.
DETROIT - An investor group offered to loan the city of Detroit as much as $4 billion - up from a $2 billion offer in April - to help the city pay off creditors, reinvest in services and emerge from Chapter 9 bankruptcy.
Drivers will see the cheapest prices at the pump this Labor Day since 2010, thanks to a slowdown in demand, a quiet Hurricane season and lack of geopolitical tensions in oil-producing regions, according to GasBuddy.
Three Moscow restaurants, including the first iconic Russian outlet that opened in Pushkin Square in 1990, have been closed to customers since last week after unplanned inspections by the regulator.
It sounds ominous: International Monetary Fund chief Christine Lagarde on Aug. 27 was placed under formal investigation by a French court for approving a payout to a corruption-tainted business tycoon when she was France's finance minister.