U.S. trading partners expressed alarm about new threatened American tariffs on imported cars, which could hit allies hard and disrupt the industry. (WSJ)
Union Pacific Corp/s chief executive says the General Electric Co. railroad tie-up with Wabtec Corp. provides a 'stable home' for the major locomotive supplier. (WSJ)
Sales of new homes in the U.S. fell 1.5% in April. (WSJ)
Mexico’s economic growth accelerated in the first quarter on a pickup in industrial production. (WSJ)
The Turkish lira has declined more than 20% against the dollar so far this year. (WSJ)
Target Corp.’s overall sales rose 3.5% last quarter while online sales grew 28% from a year ago. (WSJ)
Exxon Mobil Corp. plans to reduce its methane emissions by 15% by 2020. (WSJ)
Uber Technologies Inc. is closing down its self-driving vehicle program in Arizona about two months after a fatal accident. (WSJ)
Cheniere Energy is building a third processing unit at its liquefied natural gas export facility in Corpus Christi, Texas. (Houston Chronicle)
Neiman Marcus Group is using new software to give suppliers more timely updates on sales and inventory levels. (Chain Store Age)
British retailer Tesco PLC is shutting its Tesco Direct e-commerce site. (The Telegraph)
Marks & Spencer Group PLC is closing about a third of its U.K. department stores as it refocuses on online sales. (Bloomberg)
Germany’s Infineon Technologies AG is building a $1.88 billion semiconductor plant in Villach, Austria. (Manufacturing Global)
Federal Maritime commissioner Daniel Maffei says he is open to the idea of reducing container shipping’s big alliances from three to two. (Lloyd’s List)
Philadelphia Shipyard Inc. set plans to lay off 275 workers by July 20. (Philadelphia Inquirer)
Egypt plans a railway connecting the Mediterranean to the Red Sea as an alternative to the Suez Canal. (Rail Freight)
Two major shipping lines say they won’t support a blockchain technology standard being developed by A.P. Moller-Maersk and International Business Machines Inc. (Shipping Watch)
Germany’s MPC Container Ships added three vessels to its growing fleet of feeder ships. (Splash 247)
Genesee & Wyoming Canada Inc. says it is shutting its Huron Central Railway shortline operation after failing to win a Canadian government subsidy. (Northern Ontario Business)
U.S. authorities seized 79,000 counterfeit items at the U.S.-Mexico border that apparently had been shipped from China. (Laredo Morning Times)
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