Banks slash payments to index funds for Russell rebalance
NEW YORK (Reuters) – With the annual rebalance of the Russell stock indexes just a day away, brokerage firms are shaving the discounts they typically offer to big index funds on what is usually one of the biggest trading days of the year.
Share valuations of world’s top medical glove makers surge – but not on MERS
KUALA LUMPUR/BENGALURU, June 25 (Reuters) – Share valuations of the four biggest medical glove makers in Malaysia – in the world, in fact – have soared to historic highs, but not because of the MERS outbreak.
GM’s Chevy brand puts hopes for global growth on Cruze
DETROIT – (Reuters) – General Motors Co on Wednesday unveiled the new-generation Chevrolet Cruze compact car, a linchpin of its effort to attract new buyers to the brand and a symbol of the U.S. automaker’s competitive challenges.
South Korea says 24,808 automobiles to be recalled for Takata air bgas
SEOUL (Reuters) – South Korea’s transport ministry said on Thursday it has ordered four automakers to recall 24,808 automobiles that may contain faulty air bags made by Takata Corp , given the possibility of injury to drivers.
Greek debt talks stumble before EU leaders gather
BRUSSELS (Reuters) – Negotiations to avert a Greek debt default stumbled on Wednesday and euro zone finance ministers accused Athens of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone.
Southwest grants Delta temporary right to keep Dallas flights
(Reuters) – Southwest Airlines Co has agreed to make room for rival Delta Air Lines Inc in its gates at Dallas Love Field Airport while the carriers await a long-term resolution of their dispute in court, the airlines said Wednesday.
GM’s Chevy brand puts hopes for global growth on Cruze
DETROIT – (Reuters) – General Motors Co on Wednesday unveiled the new-generation Chevrolet Cruze compact car, a linchpin of its effort to attract new buyers to the brand and a symbol of the U.S. automaker’s competitive challenges.
Wall Street ends broadly lower on Greek debt concerns
NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday, dropping in a broad decline as the outcome of negotiations between Greece and its international creditors remained up in the air, prompting investors to drop riskier assets like equities.
Exclusive: JPMorgan executive chosen to rebuild transaction-policing unit leaves
ST. LOUIS (Reuters) – A high-ranking JPMorgan Chase & Co executive responsible for revamping the bank’s anti-money laundering practices after U.S. regulators found lax controls has left in recent days, according to internal memos read to Reuters and confirmed by the bank.
U.S. economy contracts mildly in first quarter, but growth rebounding
WASHINGTON (Reuters) – The U.S. economy contracted in the first quarter but less than previously estimated as it struggled with bad weather, a strong dollar, spending cuts in the energy sector and disruptions at West Coast ports.
