Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions oil refinery, which was the largest and oldest on the East Coast, according to court documents on Wednesday.
Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.
Toyota Motor Corp said on Wednesday it is recalling 361,000 older vehicles worldwide for potentially defective air bag inflators.
The U.S. dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Medical device maker Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, benefiting from higher demand for its nutrition products and generic drug sales.
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal.
U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018.
Tesla Inc on Wednesday became the first publicly listed U.S. carmaker to cross $100 billion in market valuation, in a stunning rally that has seen its stock more than double in the past three months.
The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China's efforts to contain a virus outbreak eased worries about a wider financial fallout.
ValueAct Capital Partners LP's founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund's president, Mason Morfit, according to a source familiar with the matter.
Fiat Chrysler's chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world's No. 4 carmaker are progressing well and he hopes to have a deal sealed within 12-14 months.
French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi between 2015 and 2018 are part of a probe in Germany.
How to avoid making bad spending decisions, whether it's an irresistible jacket or a gym membership that you're sure will help you meet your fitness goals.
Boeing Co's bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.