Latest News Updates From Bloomberg News

GovernmentBusinessFuel

OPEC+ Nations Strive for Agreement on Size of Next Oil Hike

OPEC+ nations are trying to reach consensus on how to adjust their oil production next month, with either a modest or more substantial supply increase possible, delegates said.

October 3, 2025
BusinessSafetyFuel

Chevron Refinery Fire Near Los Angeles Extinguished

Chevron Corp.’s El Segundo refinery in Los Angeles County has extinguished a fire that broke out the night of Oct. 2 and shut multiple units.

October 3, 2025
GovernmentBusinessEquipment

GM, Ford Balk at Stellantis Request for Truck Tariff Waiver

GM and Ford argue that shielding Stellantis from the tariffs would hand the company a cost advantage over U.S.-assembled trucks that contain imported parts already subject to tariffs.

October 3, 2025
BusinessEquipment

Stellantis to Explore Sale of Car-Sharing Unit Free2move

CEO Anthony Filosa is under pressure to steady the carmaker that has suffered market share losses in the U.S. and Europe.

October 2, 2025
GovernmentBusiness

EU to Ramp Up Tariffs on Steel Imports, Mirroring US Duties

The European Commission will propose early next week a long-term mechanism that will also reduce the bloc’s existing quotas for foreign steel by almost half.

October 1, 2025
BusinessEquipment

Auto Parts Maker First Brands Files for Bankruptcy

The filing caps weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing.

September 29, 2025
GovernmentBusinessTechnologyLogistics

UP-Norfolk Southern Deal Boosts Rare $1 Trillion M&A Market

Global deal values have topped $1 trillion in a third quarter for only the second time ever, thanks to transactions like the Sept. 29 $55 billion take-private of video game maker Electronic Arts.

September 29, 2025
BusinessEquipment

Parts Supplier First Brands Preps for Bankruptcy With No Plan

Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.

September 26, 2025
GovernmentBusinessLogisticsPrivateGlobal Freight

Amazon to Pay $2.5B to Settle Prime Subscriptions Case

Amazon will pay $1 billion in civil penalties and will refund $1.5 billion to customers to resolve allegations that it misled millions into signing up for Prime and then made it hard to cancel.

September 25, 2025
GovernmentBusiness

Trump’s Steel Tariffs Trigger Counterstrikes From Neighbors

Mexico, Brazil and Canada are each seeking to negotiate with the Trump administration to reduce the tariffs, but they’re also focused on blocking the rising tide of cheap Chinese supply.

September 25, 2025