Bloomberg Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent. As those grim numbers suggest, the US auto industry was blindsided last month by just how fast sedans have fallen out of favor with Americans now embracing roomier sport utility vehicles. Family-friendly crossovers may be more profitable, but the quick shift is causing ...

  Bloomberg Switzerland’s financial regulator said it’s still probing UBS Group AG and three other private banks in relation to alleged corruption and money laundering at the Malaysian government fund known as 1MDB. “There are still a handful of cases related to 1MDB that have not been concluded,” Mark Branson, chief executive officer of the regulator Finma, told reporters in ...

  Bloomberg US President Donald Trump rescinded a rule requiring internet service providers to seek subscribers’ permission before using their web browsing history for marketing, handing broadband providers a victory and giving Democrats a campaign issue. Trump signed a resolution, which passed Congress with only Republican votes, to repeal the privacy rule adopted last year by Democrats at the Federal ...