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U.S. auto sales shrink as high interest rates discourage buyers

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Sales of new cars and trucks fell 4.4% in August, unable to overcome high interest rates and a somewhat slower economy.

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Fed vice chair for supervision, FDIC chief of supervision say they’ll stay on the job

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Two of the U.S. government’s most powerful banking regulators said, in response to pointed questions about their futures from Republicans on the House Financial Services Committee, that they have no plans to step down.

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Ford to cut 4,000 workers in struggling European business

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Ford outlined plans to lay off 4,000 employees in the U.K. and Germany in response to a series of losses it blamed on unprecedented competitive, regulatory and economic headwinds in Europe’s car market.

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Will Comcast’s spinoff of some cable networks give the stock the desired bump?

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Investors are often hopeful spinoffs will lead to improved valuations. But one analyst questioned whether that will play out for Comcast given the decay of legacy media.

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