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Dollar rallies, equities gain in unsettled trading on U.S. recovery hopes

The dollar rallied to four-month highs and global equity benchmarks edged higher Thursday as investors looked past rising coronavirus cases in Europe and focused on signs that the U.S. economy

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Ford idles F-150 truck plant through Sunday due to global chip shortage

Ford Motor Co said on Thursday it will idle production of its highly profitable F-150 pickup truck at a plant in Michigan through Sunday due to the global semiconductor chip

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Suez Canal could be blocked for weeks by ‘beached whale’ ship

A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on

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Greensill Capital files for bankruptcy protection in New York

British fund Greensill Capital on Thursday filed for Chapter 11 bankruptcy protection in New York, days after it filed for insolvency in Britain. Greensill began to unravel earlier this month

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U.S. Supreme Court rules against Ford in product liability venue dispute

The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing

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Tesla CEO Musk’s anti-union tweet from 2018 must be deleted: U.S. labor board

Tesla Inc Chief Executive Officer Elon Musk’s 2018 tweet threatening employees would lose their stock options if they formed a union was illegal and should be deleted, the U.S. National

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Massachusetts judge allows state lawsuit over Uber, Lyft driver status to proceed

A Massachusetts judge on Thursday denied a bid to dismiss a lawsuit by the state’s attorney general challenging Uber’s and Lyft’s classification of drivers as independent contractors instead of employees

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