Investing Business Daily

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October 2019

A Fiat-PSA Merger Looks Like a Go—and It Appears the Italians Got the Better End of the Deal

Fiat Chrysler Automobiles and France’s PSA Group tentatively agreed on Thursday to one of the biggest merger deals in the history of the automotive industry as both companies grapple with an expensive push to develop lower-emission vehicles and the reality… Continue Reading →

Auto Workers at Ford Reach a Tentative Union Contract Agreement

The United Auto Workers union has reached a tentative contract agreement with Ford after three days of intense bargaining. The union said the deal was reached Wednesday night but didn’t give details. The deal still has to be approved by… Continue Reading →

Fiat Chrysler Merger With PSA Peugeot Appears Headed for Approval

In a merger deal that appears to be heading for approval, Fiat Chrysler stands to gain electric vehicle technology while PSA Peugeot Citroen could benefit from a badly needed dealership network to reach its goal of selling vehicles in the… Continue Reading →

Announcing Brainstorm Finance 2020—The Ledger

In June, Fortune convened a gathering of top minds to discuss the biggest issues in money and technology at the inaugural Brainstorm Finance conference. The invite-only event, which attracted everyone from big bank CEOs to cutting-edge cryptocurrency founders, was a… Continue Reading →

Fiat and PSA Are Talking Auto Industry Mega-Merger. But a Tie-Up Won’t Fix Their China Woes

Fiat Chrysler Automobiles NV and French carmaker PSA Group said they’re in talks about a possible combination, in a potential deal that would reshape the global auto industry and create a European powerhouse to rival Volkswagen AG. “There are ongoing… Continue Reading →

Ford Recalls 300,000 Vehicles in North America for Three Separate Safety Issues

Ford is recalling roughly 300,000 vehicles in North America for a trio of safety issues. The automaker unveiled three separate recalls Tuesday for four lines of cars and trucks. The biggest recall impacts owners of 2015-2017 Ford Transit vehicles. The… Continue Reading →

China Prepares to Launch Its Own Digital Currency as Facebook’s Libra Languishes

China is moving closer to releasing the world’s first government-backed digital currency. Li Wei, the head of technology for the People’s Bank of China, the central bank, said on Monday that commercial banks should increase their use of blockchain technology,… Continue Reading →

Trump’s Emissions Fight With California Pits GM Against Ford

General Motors Co., Toyota Motor Corp. and Fiat Chrysler Automobiles NV plan to back President Donald Trump in a contentious battle with California officials over automobile emissions rules, splitting with major rivals including Ford Motor Co. GM, Toyota and several… Continue Reading →

SEC Ushers in New Era By Allowing Blockchain-Based Stock Settlement

In the 1970s, U.S. stock brokers produced such a glut of paper records that exchanges had to close one day a week to keep pace. In response, the financial industry introduced a centralized electronic clearing system that could confirm trades… Continue Reading →

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