Bloomberg US factory production unexpectedly declined in May for the first time in four months, restrained by ongoing supply challenges and hints of cooler demand for some big-ticket consumer goods. The 0.1% decrease followed 0.8% increases in the prior two months, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, rises 0.2% last month. Median ...

  Bloomberg General Motors Co. plans to return to Europe with battery-powered models starting with the Cadillac brand and is considering selling the hulking Hummer electric vehicle. The carmaker may start importing the electric Cadillac Lyriq model, which is already on sale in the US, the people said, asking not to be identified discussing confidential deliberations. Broadening GM’s offering would ...

  Bloomberg A UnitedHealth group Inc unit has agreed to acquire Emis group Plc in an all-cash deal that values the UK health-technology company at about £1.24 billion ($1.51 billion). The companies said in a statement that Bordeaux UK Holdings II Limited, an affiliate of UnitedHealth’s Optum business in the UK, has agreed to buy Emis for 1,925 pence in ...