Business

Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called "Car.Software" by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.

Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo LR aircraft with Japan's Peach Aviation Ltd.

Boeing Co raised its rolling 20-year industry forecast for passenger aircraft by 3% on Monday, fueled by strong air traffic predictions, though global geopolitical and economic risks could upset the rosy outlook.

Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline of oncology drugs.

This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs, ornaments and Santa hats.

Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.