Fiat Chrysler workers skeptical of new UAW deal’s impact on wages
KOKOMO, Ind. (Reuters) – Workers outside the gates of a Fiat Chrysler plant here greeted news early on Thursday of a new tentative agreement between the automaker and the United Auto Workers skeptically, giving an indication of the challenges the union…
No room for mistakes by central banks amid ‘new mediocre’
LIMA (Reuters) – Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund’s …
Shake Shack shares fall as early investors get chance to cash out
(Reuters) – Burger chain Shake Shack Inc’s shares fell as much as 11.3 percent on Thursday after the company said it would convert about 21 million of its Class B shares into Class A shares, allowing pre-IPO investors to cash out.
Fed awaiting evidence global chill not knocking U.S. off track
WASHINGTON (Reuters) – The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course.
Could Air France shrink like Alitalia?
PARIS/BERLIN (Reuters) – In 2008, air passenger demand was dipping, Gulf countries were building up their national fleets, and easyJet set up shop in Paris. Other European airlines cut routes and jobs in response. Air France did not. It has not made a …
Los Angeles drops discrimination lawsuit against Citigroup
NEW YORK (Reuters) – Los Angeles has dropped a lawsuit accusing Citigroup of discriminatory mortgage lending, marking the second time a major bank has escaped claims that it steered the city’s minorities into high-cost loans and led to foreclosures and…
Wall Street rises after release of ‘dovish’ Fed minutes
(Reuters) – U.S. stocks ended higher on Thursday with the S&P 500 closing at a seven-week high as investors saw further signs of dovishness in the Federal Reserve’s September meeting minutes which shed light on its decision to keep interest rates near zero.
Tesco CEO buys shares worth about 200,000 pounds: filing
(Reuters) – UK retailer Tesco PLC’s Chief Executive Dave Lewis has purchased 99,950 Tesco shares for 200.1 pence a share, according to a regulatory filing.
Dell looks to EMC deal to boost corporate presence
(Reuters) – Dell Inc is in talks with banks to fund a takeover of data storage company EMC Corp, sources familiar with the matter said, as the world’s No.3 PC maker looks to beef up its cloud-based offerings for corporate customers.
Bill Gross sues Pimco for $200 million over forced ouster
NEW YORK (Reuters) – Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying a greedy “cabal” of executives drove him out of the bond fund giant he helped found b…
