WASHINGTON (Reuters) -The Trump administration has billed its plan to undo U.S. climate regulation as a way to cut costs for industry, but it may backfire by forcing automakers, utilities, and manufacturers into a future of regulatory uncertainty and litigation risk, according to lawyers and trade groups. Republican President Donald Trump's administration announced on Tuesday a plan to rescind the...

Illinois Tool Works Inc. ( ITW ) on Wednesday reported better-than-expected second-quarter results and raised its full-year 2025 earnings guidance. Margin expansion and disciplined execution across its diversified industrial portfolio supported record quarterly performance. The company posted second-quarter earnings of $2.58 per share, up from $2.54 a year ago and above the consensus estimate of $2.54. Revenue rose 1% year-over-year...

Penske Automotive Group, Inc. ( PAG ) shares are trading lower on Wednesday. Check out how PAG stock is doing here. The company reported second-quarter adjusted earnings per share of $3.78, beating the analyst consensus estimate of $3.60. Quarterly sales of $7.662 billion (down 0.4% year over year) missed the Street view of $7.929 billion. Gross Profit rose 2.6% to...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...