October 22, 2016

LONDON — British American Tobacco has offered to buy out Reynolds American Inc. for $47 billion in an attempt to gain a strong presence in the U.S., a lucrative market where sales of electronic cigarettes are booming as traditional smoking fades.

The takeover would create the world’s…

Home sales rebound in September despite tight supply

October 21, 2016

WASHINGTON — More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale.

The National Association of Realtors said Thursday that sales of existing homes rose 3.2 percent from August to a seasonally adjusted annual rate of 5.47…

Tesla equipping cars to drive completely on their own

October 20, 2016

SAN FRANCISCO — Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility.

The announcement made late Wednesday by Tesla CEO Elon Musk marks…

Ford cuts production as consumer demand slows

October 19, 2016

DETROIT — Ford Motor Co. is cutting production as U.S. demand for new vehicles slows, but so far, its rivals aren't doing the same.

Ford said Tuesday it will temporarily idle four of its North American assembly plants this month to better align production with demand.

After six straight years…