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Oil up on Big U.S. Gasoline Draw; WTI Back Above $40

Oil prices jumped more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No. 1 oil consumer.

Mercedes Pushes Uber Upscale Golf Car at PGA

Mercedes-Benz is rolling out its latest concept car for the golfer who has everything, just in time for this weekend’s fourth and final men’s major golf tournament--the PGA Championship at Baltusrol Golf Club in Springfield, New Jersey.

Ford Shares Fall on Profit Miss

Ford Motor reported second quarter profit that was weaker than expected as the company said sales in the United States and China did not match company expectations.