West Texas Intermediate crude fell for a second day after U.S. stockpiles unexpectedly increased and Federal Reserve Chairman Ben S. Bernanke said the central bank may start reducing bond purchases later this year.
Japan’s companies stockpile of cash reached a record in the first quarter as they poured investment abroad, underscoring Prime Minister Shinzo Abe’s challenge to boost the nation’s investment and wages.
Chrysler Group LLC’s decision to fix some of the 2.7 million sport-utility vehicles linked to 51 deaths in post-crash fires averts what could have been the biggest showdown with U.S. regulators in three decades over a safety defect.
General Motors Co. led one of the auto industry’s most closely watched quality measures for the first time since the survey began almost three decades ago, pacing U.S. carmakers producing their best cars in a generation.
U.S. Secretary of State John Kerry plans to meet this weekend with European and Mideast allies to discuss what weapons to provide Syrian rebels, who face an imminent offensive by regime troops in Aleppo and the Damascus suburbs.
Former Italian Prime Minister Silvio Berlusconi lost a procedural challenge over a court’s failure to grant him a delay to attend a Cabinet meeting in a case where he was eventually convicted of tax fraud last year.