GM asks Supreme Court to reverse ignition switch claims ruling
(Reuters) – General Motors Co on Tuesday asked the U.S. Supreme Court to overturn an appellate court’s ruling that the automaker’s 2009 bankruptcy does not shield it from lawsuits over a faulty ignition switch linked to 124 deaths and 275 injuries.
Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue
NEW YORK (Reuters) – Credit Suisse is the latest bank to shutter one of its private U.S. stock trading venues, as increasing regulatory scrutiny makes it harder to justify the costs of running such trading systems.
GM delivers its first Bolt electric car in Tesla’s backyard
(Reuters) – General Motors Co on Tuesday said it delivered its first Chevrolet Bolt electric cars to three customers in Fremont, California, home to rival electric automaker Tesla Motors Inc’s assembly plant.
Stock, bond markets could see sharp declines: U.S. financial watchdog
WASHINGTON (Reuters) – Stock and bond markets may be riding for a fall as equity prices soar and interest rates stay low, a federal monitor of U.S. financial stability said on Tuesday, warning that such a tumble could inflict serious damage on banks, l…
JetBlue to double share buyback as checked bag fees boost revenue
NEW YORK (Reuters) – JetBlue Airways Corp on Tuesday said it was earning more than expected from checked bag fees and higher-priced fares and it plans to double the money it will return to shareholders via stock buybacks.
Slack data management exposed BP to high safety risk: leaked report
LONDON (Reuters) – BP’s refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015.
Meet Waymo, Google’s self-driving car company
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google self-driving car project recast itself as Waymo on Tuesday, an independent entity within the technology giant, as executives suggested the company is close to bringing its autonomous driving to the publi…
Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval
CHICAGO (Reuters) – Shareholders of U.S. seeds and agrochemicals company Monsanto Co approved the company’s $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017.
Boeing to move defense unit headquarters to Washington, D.C.
(Reuters) – Boeing Co said on Tuesday it would move the headquarters of its defense unit to Washington, D.C. from St. Louis, a move that coincides with President-elect Donald Trump’s push to get defense contractors including Boeing to rein in costs.
After Alaska flop, Shell’s search for oil moves closer to home
LONDON (Reuters) – In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves.
