BUSINESS

Word of the departure of Ricardo Reyes comes just two weeks before the California automaker unveils its Model 3 electric sedan.

The Federal Reserve opted Wednesday to hold interest rates steady, projecting slower growth and forecasting fewer rate hikes in years to come.

Further helping to boost oil prices was Qatar’s announcement of an April meeting among OPEC and non-OPEC members.

The U.S. Federal Reserve left interest rates unchanged at the conclusion of a two-day meeting Wednesday, but adjusted its plans for further rate hikes this year.

Fed Chair Janet Yellen and her colleagues — who decided to hold interest rates steady Wednesday — have monitored a wide range of data to decide whether to make any adjustments.

But mosquitoes that are genetically modified or injected with bacteria could lead to unpredictable consequences, critics warn.

The announcement comes as part of Britain’s 2016 budget, which includes a series of austerity measures and cuts to growth forecasts.

Groundbreaking for housing rebounded more than expected in February, hitting its highest level in five months, as builders ramped up construction.

Both the Dow and the S&P 500 closed at their highest points for the year on Wednesday.

The largest U.S. coal producer said it missed a $71.1 million interest payment, raising the risk of a bankruptcy filing this spring.

The latest data on consumer prices could keep the Federal Reserve on course to gradually raise interest rates this year.

The long-anticipated merger would create a pan-European entity worth an estimated $30 billion.

The 220-year-old Jose Cuervo company has started talking with banks about an initial public offering in Mexico, a report said.

The potential claims relate to a bankruptcy protection filing by Caesars Entertainment Operating Co. in January 2015.

Investors see the Federal Reserve holding steady on interest rates as monetary policymakers meet to survey the health of the U.S. economy.

After a series of outbreaks that sickened dozens of customers, the restaurant chain has brought in E. coli expert James Marsden.

The Italian luxury automaker needs to replace floor mats and accelerator pedal covers.

Academic institutions in energy-rich U.S. states have seen funding from oil and gas companies and state budgets decline over the last year.

As shares in the embattled pharma company cratered Tuesday, prominent hedge fund managers saw billions of dollars in value evaporate.

Local officials had put the brakes on Tesla doling out semi-autonomous features late last year.

The head of its self-driving car program is urging Congress to grant national auto safety regulators new authority to speed up their introduction on U.S. roads.

Cleaning service startup Managed by Q — which employs people like Evan Bochner — aims to prove good technology that is compatible with a positive work environment.

Major oil producers like Saudi Arabia, Russia, Qatar and Venezuela have proposed freezing their output to January levels, but the global excess is still at least 1 million barrels a day.

The decision, which could come as soon as Tuesday, follows an outpouring of opposition from coastal communities from Virginia to Georgia.

January retail sales data for the U.S. was revised downward Tuesday while oil prices extended Monday’s declines.

The Canadian drugmaker, known for sharp price increases, has lowered its earnings guidance, citing competitive pressures and accounting headaches.

The move is not an inversion but an effort to streamline operations, executives at the cosmetics manufacturer say.

Sales fell less than expected in February, but a sharp downward revision to January’s figures could reignite growth concerns.

Key data from the United States, such as the producer price index, retail sales and housing market index are expected Tuesday.