Sure, yields are puny. But when stocks next tumble, the value of cash will be clear, says columnist Morgan Housel.
A Russian car-making venture owned by Peugeot Citroën and Mitsubishi Motors will temporarily suspend production at its factory in Russia and cut jobs in response to the nation’s plunge in auto sales.
Ford Motor Chief Executive Mark Fields earned $18.6 million in 2014, mostly in stock compensation and other incentives.
Mondelez International Inc. said Chief Executive Irene Rosenfeld’s total compensation rose 50% in 2014, boosted by an increase to her annual incentive award and pension value.
German auto maker says its coming offering will appeal to existing pickup owners looking for greater luxury and comfort than now available from midsize pickups from Toyota, General Motors and others.
Grappling with years of uneven performance, image problems and deep-pocketed clients who have distanced themselves, hedge-fund managers are taking pains to avoid the moniker.
Chevron plans to sell its stake in an Australian oil-refining business for about $3.60 billion, as the U.S. oil company sheds assets to buffer its balance sheet from tumbling oil prices.
Interest in trading palm oil futures is growing beyond its traditional heartlands in southeast Asia, thanks to growing consumption of the edible oil and opportunities for traders.
New York City Comptroller Scott Stringer will call for stockbrokers and financial advisers operating in New York state to be required to disclose whether they are obligated to put their clients’ interests ahead of their own.
Ronald Read, who died in June at 92, spent years pumping gas. His friends were shocked when they learned his estate was valued at almost $8 million.