U.S. judge asked to halt GM ignition-switch settlement
NEW YORK (Reuters) – A U.S. judge was asked on Wednesday to rescind approval for a settlement fund to resolve 1,380 lawsuits claiming that an ignition switch in General Motors vehicles caused injuries or deaths, after an attorney said it did not benefi…
Apple shares fall most in two years in wake of earnings report
(Reuters) – Apple Inc shares fell more than 6.5 percent on Wednesday, the biggest percentage drop in two years, after the company reported its slowest-ever rise in iPhone shipments and forecast that quarterly sales for the current period would post the…
Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case
NEW YORK (Reuters) – Daniel Mudd, the last holdout among former top Fannie Mae and Freddie Mac executives accused of concealing risky mortgages that fueled the financial crisis, told a judge on Wednesday a U.S. regulator’s lawsuit seeking to hold him r…
Oil jumps after Russia dangles prospect of OPEC cooperation
NEW YORK (Reuters) – Oil futures surged on Wednesday after Russia indicated there was a possibility of co-operation with OPEC, fanning hopes for a deal to reduce a global oversupply that sent prices to the lowest levels in over a dozen years last week….
Russians want to talk to OPEC about output, pipeline chief says
MOSCOW (Reuters) – Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, remarks that helped spur a sharp rise in worl…
Before arrest, U.S. sought Shkreli’s communications with lawyer
NEW YORK (Reuters) – Days before Martin Shkreli’s arrest for securities fraud, U.S. prosecutors obtained a secret court order ruling that communications between the former pharmaceutical executive and a corporate lawyer also under investigation were no…
New U.S. single-family home sales race to 10-month high
WASHINGTON (Reuters) – New U.S. single-family home sales surged in December to their highest level in 10 months, the latest indication that the housing sector remains on a firmer footing despite a massive stock market sell-off and slowing economic grow…
Goldman CEO Blankfein to speak at one of first public events since cancer diagnosis
(Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein will speak at an upcoming financial services conference, marking one of his first public appearances since being diagnosed with lymphoma in September.
Fiat Chrysler 200 plant to shut six weeks on slack demand
DETROIT (Reuters) – Fiat Chrysler Automobiles will shut its Sterling Heights, Michigan plant, which makes the midsize Chrysler 200 sedan, for six weeks starting on Monday, the company said on Wednesday.
Fiat Chrysler ups 2018 financial targets, Jeep sales goal
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) raised the financial targets of its turnaround plan on Wednesday following a better-than-expected performance in North America and Europe and strong sales of its Jeep SUVs.
