Do digital technologies offer a better way to loan people money?

A new paper in the Quarterly Journal of Economics finds that a new form of digital technology—essentially preventing people from using an asset for which they have a loan if they don't make payments, rather than repossessing ...

US auto industry legend Lee Iacocca dies age 94

Automobile industry legend Lee Iaococca, who is credited with creating the iconic Ford Mustang and saving Chrysler from bankruptcy, died Tuesday at the age of 94, US media reported.

Ford to cut 12,000 jobs in Europe as part of restructuring

Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars.

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