Asia shares, crude oil buoyant; euro near 3-month lows
SYDNEY (Reuters) – Asian shares climbed on Monday and crude oil rose to a 2-year top, while the euro loitered around a 3-month low as the European Central Bank’s decision to extend its stimulus further fattened the dollar’s yield advantage.
GM settles California county recall case for $13.9 million
WASHINGTON (Reuters) – General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition sw…
GE Board did not know about CEO’s extra plane: WSJ
(Reuters) – General Electric Co executives did not tell the multinational conglomerate’s board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported on Sunday, citing people …
Italian bank inquiry points to improper behavior, commission’s chairman tells paper
MILAN (Reuters) – A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behavior, the commission’s chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview.
Chevron drops decision to leave Bangladesh
DHAKA (Reuters) – The U.S. oil company Chevron will not sell three subsidiaries and leave Bangladesh as planned, Chevron said on Sunday.
CVS bid for Aetna: A $66 billion bet on cutting drug costs
NEW YORK (Reuters) – The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman.
Telekom CEO argues for strong No. 3 player in U.S. wireless market: newspaper
FRANKFURT (Reuters) – A strong No. 3 player in the U.S. wireless market would enhance competition, the chief of Deutsche Telekom told a German newspaper, as T-Mobile US Inc seeks to merge with Sprint Corp .
China’s Baidu teams up with Shouqi on driverless cars: Xinhua
BEIJING (Reuters) – Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday.
China central bank boosting oversight of loans offered on the internet – media
BEIJING (Reuters) – China is stepping up its oversight of cash loans offered through the internet amid growing concerns over rapid growth in the lightly regulated industry, a business media report said on Saturday.
U.S. wants to remove ‘unnecessary’ barriers to self-driving vehicles
WASHINGTON (Reuters) – The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars.
