Uber has closed a new round of funding that values the five-year-old ride-hailing company at close to $51 billion, reaching the mark faster than Facebook did.
Oil prices are dropping and on pace to set new multi-month lows Friday as data show U.S. producers are putting more drilling rigs to work despite a lingering world-wide glut.
Italian sports-car maker Lamborghini envisions big changes for its product line and production methods, aiming to build its first sport-utility with components borrowed from parent Volkswagen vehicles.
Big Oil’s resiliency is strained amid low oil prices, but Exxon could yet capitalize via acquisitions.
The U.S. Marine Corps said Lockheed’s F-35 Joint Strike Fighter is finally ready for combat, a milestone for the world’s most expensive weapons program.
Oil majors pulled the Dow Jones Industrial Average lower in afternoon trading Friday after a report indicated an increase in U.S. oil drilling.
ArcelorMittal, the world’s biggest steelmaker, said it needs to raise health-care premiums for its U.S. workers and retirees and freeze or cut pay for some employees.
Amgen shareholders should be watching the development of U.S. biosimilars carefully.
Trading in Greek stocks will resume next week on the Athex exchange, ending a more than monthlong closure during which the country struggled to avoid an exit from the eurozone.