U.S. wholesale inventories slipped in August for the sixth straight month. (MarketWatch)
The International Monetary Fund lifted its forecast for U.S. economic growth this year to 2.1%. (MarketWatch)
The European Commission is dropping global shipping lines’ exemption from the bloc's antitrust rules. (Dow Jones Newswires)
The Global Port Tracker projects U.S. container imports will fall 13.5% this year. (Dow Jones Newswires)
General Motors Canada reached a tentative agreement with autoworkers that ends a strike after 13 hours. (WSJ)
PepsiCo’s sales revenue grew 8.8% last quarter but underlying volumes fell 2.5% from last year. (WSJ)
Mallinckrodt won court approval for a plan that wipes out more than $1 billion of payments meant for opioid addicts while handing control of the drug company to its lenders. (WSJ)
Mitsubishi Electric and auto-parts supplier Denso will invest $1 billion in Coherent, a U.S. supplier of materials used to make chips for the automotive industry. (Reuters)
China’s Huawei has been stockpiling components for months as it aims to double its smartphone shipments next year. (Nikkei Asia)
John Fredriksen’s Frontline could reach a $6 billion market capitalization after securing the largest-ever deal for tankers. (TradeWinds)
Target lost ground over the past year in its goal to reduce use of plastics. (Retail Dive)
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