GM will rehire 500 Michigan workers slated for layoffs
WASHINGTON (Reuters) – General Motors Co plans next year to rehire 500 Michigan assembly plant workers who are to be laid off in May, citing increased demand for larger vehicles, the company said on Wednesday.
AT&T’s $85.4 billion deal for Time Warner wins EU thumbs-up
(Reuters) – AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 U.S. wireless carrier said on Wednesday.
Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement
NEW YORK (Reuters) – Wells Fargo & Co, Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million class-action settlement of investor claims over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc.
Wall St. up as Fed raises rates but stays course
NEW YORK (Reuters) – U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected.
CEO of Australia’s Atlassian says he’ll meet seven-day Tesla batteries deadline
SYDNEY (Reuters) – The co-founder of Australian software firm Atlassian Corp Plc said on Tuesday he was close to meeting a self-imposed one-week deadline of getting political and financial support for a plan to use batteries from Tesla Inc to bridge an…
Unilever review covers costs, deals, balance sheet: FT
LONDON (Reuters) – Unilever is considering returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts as part of its business review, the Financial Times reported.
Audi searched by German police in Dieselgate swoop
INGOLSTADT, Germany (Reuters) – German prosecutors searched Audi’s two biggest plants and other sites on Wednesday in connection with the emissions scandal still rocking parent Volkswagen , adding to pressure on the luxury division and its Chief Execut…
British government cuts stake in Lloyds to below 3 percent
LONDON (Reuters) – The British government has reduced its stake in Lloyds Banking Group to just below 3 percent, putting the lender on track to be back in private ownership within the next few months.
China’s Premier Li touts free trade, says no hard landing for economy
BEIJING (Reuters) – China’s Premier Li Keqiang reassured investors on Wednesday that the world’s second-largest economy is strong and not at risk of a hard landing, while stressing Beijing’s support for globalization and free trade at a time of rising …
Fed raises rates as job gains, firming inflation stoke confidence
WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target.
