Chrysler recalls 630,300 Jeep SUVs for two separate issues
DETROIT (Reuters) – Chrysler Group LLC is recalling 630,300 newer-model Jeep SUVs, some because of delayed deployment of airbags and others due to the potential of leaking transmission fluid, the company and U.S. regulators said on Thursday.
Mortgage insurer Genworth to cut 400 jobs
(Reuters) – Life and mortgage insurer Genworth Financial Inc said it will cut 400 jobs to reduce costs by up to $90 million a year.
EU’s Libor supervision plan seen as “intrusive”
LONDON/BRUSSELS (Reuters) – European Union plans to wrest from London the supervision of Libor and other benchmarks, such as those covering oil and commodities, are “intrusive” and likely to be changed, a top EU lawmaker said on Thursday.
Fed’s Raskin calls for simpler capital rules, decries delays
WASHINGTON (Reuters) – A Federal Reserve official on Thursday will call on regulators to write simpler capital rules, saying delays in finishing up the requirements could hurt banks’ balance sheets.
PepsiCo denies in talks to buy SodaStream
TEL AVIV (Reuters) – PepsiCo Inc denied a published report that it was in talks to buy Israel’s SodaStream International Ltd , whose machines make carbonated drinks from tap water.
Bank of England holds policy steady as King heads for exit
LONDON (Reuters) – Bank of England Governor Mervyn King’s final rate-setting meeting ended in a subdued fashion on Thursday with no change to policy despite the governor’s calls for more stimulus.
Raiffeisen’s eastern strategy on the line after CEO exit
VIENNA (Reuters) – The central and eastern European banking empire that Herbert Stepic forged at Austrian lender Raiffeisen may be the casualty of a power struggle at the group exposed by his sudden exit.
Sumitomo cuts Barclays stake with $400 million sale
LONDON (Reuters) – Japan’s Sumitomo Mitsui Banking Corp (SMBC) has sold a 260 million pound ($400 million) stake in Barclays , about half its holding in the British bank.
Insight: Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf
(Reuters) – The day after Wal-Mart Stores Inc published Simco Group’s name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from U.S. retailer J.C. Penney Co Inc for 500,000 pairs of pajamas.
Euro gains as ECB seen on hold, Fed worries linger
LONDON (Reuters) – The euro hit a four-week high against the dollar on Thursday as investors positioned for the European Central Bank to leave rates unchanged, but uncertainty over the U.S. Federal Reserve’s next move kept equity markets on edge.
