Business

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.

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.

Taiwan's Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state's governor said he wanted to renegotiate the deal.

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.

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.

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.