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October 25, 2018 2:05 PM PPG Industries backs CEO after shareholder Trian calls for his ouster

(Reuters) - Paints and coatings maker PPG Industries (PPG.N) said its board unanimously backed Michael McGarry as Chairman and CEO, in response to Nelson Peltz-owned Trian Fund Management’s call for his ouster. Peltz’s Trian Fund, which owns a 2.9 percent stake in PPG, had reportedly asked for the current CEO to be replaced by his predecessor, Charles 74

October 24, 2018 11:48 AM Domestic shipping drives UPS profit

FILE- In this Jan. 5, 2018, photo, a UPS delivery driver loads his cart with packages from his truck, in Boston. UPS Inc. reports earnings Wednesday, Oct. 24. (AP Photo/Bill Sikes, File) ATLANTA – Domestic shipping is helping to drive revenue higher at UPS and third-quarter profits rose 20 percent, but shares are down before the opening bell with U.S. markets 64

October 23, 2018 2:13 PM Forget the Ferrari—Today Is an El Camino Day

A car-lover finds himself favoring the classic half-car, half-pickup truck from Chevrolet in his collection Chuck Grantham, a book publisher from Raleigh, N.C., on his 1985 Chevrolet El Camino, as told to A.J. Baime. I never had any kids. I worked, I raced cars, I jumped out of airplanes and I guess I ran out of time. Today, my cars are like my kids. I would 93

October 23, 2018 12:12 PM Russian fund CEO says Saudi economic drive important for world

RIYADH (Reuters) - Saudi Arabia’s economic transformation plan is important for the world, the chief executive of the Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) said on Tuesday. Kirill Dmitriev, who runs the $10 billion Russian fund, told an investment conference in Riyadh that Saudi Arabia is an important partner and that partnership 67

October 21, 2018 6:42 PM Watch: DeAndre Hopkins makes incredible one-handed catch over Jalen Ramsey

JACKSONVILLE, Fla. -- The matchup between receiver DeAndre Hopkins and cornerback Jalen Ramsey has been one to watch since the corner came into the league in 2016. But for at least one play during Sunday's game between the Houston Texans and Jacksonville Jaguars, Hopkins came out on top with a spectacular catch. On the Texans' second drive, quarterback 52

October 21, 2018 2:15 AM Knicks rookie Kevin Knox sprains left ankle; X-rays negative

NEW YORK -- Knicks rookie Kevin Knox suffered a sprained left ankle in the first quarter of Saturday's game against the Boston Celtics. The severity of Knox's injury is unclear. The Knicks said X-rays for Knox are negative. Knox, 19, turned his ankle on a hard drive to the basket. It was a non-contact injury. He didn't put any weight on his left leg after 61

October 19, 2018 10:18 PM Fed’s Kaplan: Too Soon to Know How Saudi Tensions Could Affect Economy

Dallas Fed chief sees a risk of rising energy prices as Iran faces sanctions, buys says the Saudi situation is unpredictable Federal Reserve Bank of Dallas President Robert Kaplan said Friday it is too soon to say what rising tensions with Saudi Arabia over the suspected killing of a Saudi journalist might mean for the U.S. economy, but he acknowledged 71

October 19, 2018 1:29 AM Tesla launches new $45,000 Model 3

(Reuters) - Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. According to the website, the rear-wheel-drive model has a “mid range” battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 71

October 18, 2018 10:54 PM White House Seeks to Slow Rollout of Rules for Cleaner Ship Fuels

International regulations, set to take effect in 2020, would require lower sulfur levels in marine fuel The Trump administration is pushing to ease the rollout of new international rules to power commercial ships with environmentally cleaner fuels, fearing the measures will drive up costs for consumers and businesses. The rules, set roughly a decade 64

October 17, 2018 6:33 PM Uber enters trailer leasing business

(Reuters) - Uber Technologies Inc [UBER.UL] said on Wednesday it is entering the trailer leasing business. The business, called Powerloop, will be a part of Uber Freight, which connects truckers with shippers, the company said. Powerloop, which would rent trailers to carriers, is currently available in Texas, Uber said, adding that it expects to expand 70