The board of the capital-markets regulator approved a proposal to limit the offer for sale (OFS) by promoters in small and medium enterprises (SME) IPOs to 20% of an issue size. It also said they cannot sell more than 50% of their holding in an IPO.
Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger.
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.
The prospective class-action lawsuit alleges Amazon has quietly stopped providing faster deliveries to Prime members in underserved areas, specifically in lower-income ZIP codes with high populations of people of color.
U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
Service could look different on individual routes and at certain times of day or days of the week than it has in the past, as the CTA adjusts schedules to reflect changing ridership.
