Glencore has approached grain trader Bunge about combining, which would give the Swiss miner a major presence in U.S. agriculture.

Fiat Chrysler was sued by the Justice Department, which alleged the car maker used illegal software to cheat on emissions tests.

China's credit rating was cut by Moody's, which cited expectations for a deterioration in the country's financial strength in coming years.

Mexico and Canada said talks with the U.S. to update Nafta should be trilateral, and that bilateral pacts would be impractical.

New-home sales fell sharply in April, a potential sign of weakening in the market amid rising prices and limited inventories.

Uber said it mistakenly underpaid New York City drivers for the past 2 1/2 years, an error that will likely cost it tens of millions of dollars.

The Labor Department cleared the fiduciary rule for retirement savings to take effect in June.

Financial shares lifted U.S. stocks to a fourth day of gains. The Dow rose 43.08 points to 20937.91.

Target agreed to pay $18.5 million to resolve an investigation by state prosecutors into a 2013 hack.

Sears reached an agreement to extend the maturities for some of its debt.

Honeywell will decide whether to break off its aerospace division by the fall, the company said.

(END) Dow Jones Newswires

May 24, 2017 02:47 ET (06:47 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.