Volvo trucks with faulty steering to be taken off U.S. roads: DoT
(Reuters) – The U.S. Department of Transportation (DoT )said on Wednesday that defective Volvo trucks that were yet to be repaired under the company’s safety recall should be immediately taken out-of-service.
New York banking regulator gives blessing to Goldman, GE bank deal
WASHINGTON (Reuters) – The New York Department of Financial Services on Wednesday approved Goldman Sachs Group Inc acquisition of GE Capital Bank’s U.S. online deposits.
U.S. moves to block release of Siemens anti-bribery monitor reports
NEW YORK (Reuters) – The U.S. Department of Justice is pushing to block the release of documents detailing how the German industrial conglomerate Siemens AG improved compliance in the wake of a sweeping bribery case, in the latest battle over how much …
Fed talk spurs dollar strength, energy drags stocks
NEW YORK (Reuters) – Global equity markets fell and the dollar advanced on Wednesday as hawkish comments by Federal Reserve officials raised the possibility of more U.S. interest rates hikes this year than investors are anticipating.
U.S. new home sales rise on strong gains in the West
WASHINGTON (Reuters) – New U.S. single-family home sales rebounded modestly in February as a surge in the West offset sharp declines in other regions, pointing to a gradually improving housing sector amid a dearth of properties available on the market….
U.S. new home sales rise on strong gains in the West
WASHINGTON (Reuters) – New U.S. single-family home sales rebounded modestly in February as a surge in the West offset sharp declines in other regions, pointing to a gradually improving housing sector amid a dearth of properties available on the market….
Credit Suisse cuts show decline of the European bank trading floor
LONDON (Reuters) – Credit Suisse’s announcement on Wednesday that it will lay off thousands more employees from its trading operations shows how much ground Europe’s big banks are losing to U.S. rivals in financial market trading.
Ford CEO defends investment strategy amid Trump criticism
NEW YORK (Reuters) – Ford Motor Co CEO Mark Fields on Wednesday defended the automaker’s investment strategy amid criticism from Republican presidential front-runner Donald Trump.
Audi plans 12 refreshed, new U.S. vehicles by 2019
NEW YORK (Reuters) – Volkswagen AG’s Audi of America luxury unit plans to unveil 12 updated and new vehicles in the United States over the next three years, the company said on Wednesday.
Yum in talks with KKR, others to sell stake in China unit: WSJ
(Reuters) – Yum Brands Inc is in talks with private equity company KKR & Co LP and others about a possible sale of a nearly 20 percent stake in its China business, the Wall Street Journal reported, citing people familiar with the matter.
