Fed’s Lacker: China not affecting fundamentals of U.S. economy
WASHINGTON (Reuters) – Federal Reserve Bank of Richmond President Jeffrey Lacker said on Tuesday that the economies of the United States and China are linked less than recent volatility in U.S. equity markets seem to imply.
Exclusive: Printing services company Lexmark considers breaking up – sources
(Reuters) – Printing services company Lexmark International Inc is considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process, according to people familiar with the matter.
Aetna CEO sees Humana deal on track to close this year
SAN FRANCISCO (Reuters) – Aetna Inc Chief Executive Mark Bertolini said on Tuesday that he still expects the company’s $37 billion acquisition of rival Humana Inc to close this year.
Bewkes against HBO spinoff, open to Time Warner sale: NY Post
(Reuters) – Time Warner Inc Chief Executive Jeff Bewkes is against a sale or a spinoff of premium cable channel HBO, but hinted he would be open to a sale of the whole company, the New York Post reported, citing sources.
New York jury hears claim GM concealed ignition switch defect
NEW YORK (Reuters) – General Motors Co should pay for concealing an ignition switch defect from its customers that has been linked to nearly 400 injuries and deaths, a lawyer for an Oklahoma man injured in a car crash told a Manhattan jury on Tuesday.
Tumbling oil trades below $30 a barrel for first time in 12 years
NEW YORK (Reuters) – Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.
California board rejects Volkswagen’s diesel fix plan
(Reuters) – The California Air Resources Board said on Tuesday it had rejected Volkswagen AG’s plan to fix 2.0 liter diesel cars with software that allow them to emit up to 40 times legally allowable pollution.
Ford unveils resurrected Lincoln Continental, targets China market
(Reuters) – Ford Motor Co unveiled on Tuesday a new luxury flagship full-size Continental sedan aimed at Chinese and American consumers.
BlackRock reshuffles senior leadership of investment teams: memo
NEW YORK (Reuters) – BlackRock Inc on Tuesday informed staff that it was reshuffling the managers of some of its most important investment units, including its stock and bond-picking businesses, according to an internal memo seen by Reuters.
High U.S. job openings point to pick-up in wage growth
WASHINGTON (Reuters) – U.S. job openings rose in November and employers appeared to have trouble finding qualified workers, a trend that could trigger a pick-up in wage growth this year.
