Renault Sells Volvo Stake for $1.92B to Lower Debt

Renault SA, which is losing sales faster than any other European carmaker, sold its remaining Volvo AB stake for 12.8 billion kronor ($1.92 billion) to boost funding, ending an 11-year run as the Swedish truckmaker’s largest owner.
Fed: Labor Market and Housing Have Improved
15:08 - Federal Reserve policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff. Bloomberg's Michael McKee reports on "Bloomberg Markets." (Source: Bloomberg)
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