Janet Yellen with the former Fed chairs Ben Bernanke, center, and Paul Volcker. Donald Trump said he would most likely replace her as Fed chairwoman if he became president.
Exxon Mobil Corp., which has criticized the idea of investing in renewable energy, is working with a clean-energy company to develop technology to fight climate change.
WASHINGTON—Consumers are set to gain new powers to sue banks under a proposal unveiled Thursday by the Consumer Financial Protection Bureau.
Ford Motor Co. F 0.12 % on Thursday said it would invest $182.2 million in Pivotal Software Inc., a closely held software-development tools and services company, another sign of the automotive industry's drive to beef up its software skills.
Merck MRK -2.07 % & Co. posted a revenue decline as generic competition and currency fluctuations hurt its results. Merck said it expects 2016 adjusted earnings per share of between $3.65 and $3.77, compared with its previous projection of $3.60 to $3.75.