Venezuela congress to weigh 2020 PDVSA bond payment next week

Venezuela's opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.

Will the Benettons use Alitalia to fly in from the cold?

Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.

SEC fines Prosper Funding $3 million for overstating net returns to investors

The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.

U.S. homebuilding near two-year low; permits extend decline

U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.

Return of the bench seat: Concept EVs show space big enough for sofas

Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats.

Fiat Chrysler recalls 320,000 Dart cars that could roll away

Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part that could allow the shift cable to detach from the transmission.

China will keep supporting economy as 'pressure' lingers: politburo

China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.

Nissan slams output cut report as 'completely incorrect'

Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan.

Qualcomm's joint venture with Chinese province to shut down: The Information

A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China's Guizhou province will shut down by the end of the month, The Information reported on Friday, citing employees at the venture.

U.S. refiners planning major plant overhauls in second quarter

U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to data from the U.S. Energy Information Administration.

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