Wall Street edges up after recent losses, mixed data
(Reuters) – U.S. stocks ended with modest gains on Monday, recovering part of last week’s losses in a session marked by cautious trading as investors reacted to mixed economic data.
Etihad Airways rejects subsidy claims, attacks U.S. airline ‘oligopoly’
(Reuters) – Etihad Airways on Monday issued it strongest response yet to claims that it received market-distorting subsidies, saying it is required to repay loans and that its U.S. competitors have a “condescending” view of non-U.S. law.
Takata will change design for certain air bag inflators
(Reuters) – Takata Corp said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators.
Intel to buy Altera for $16.7 billion in its biggest deal ever
(Reuters) – Intel Corp agreed to buy Altera Corp for $16.7 billion as the world’s biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers.
Mylan says Teva’s stake buy violates U.S. anti-trust rules
(Reuters) – Mylan NV said Teva Pharmaceutical Industries Ltd , which has made an unsolicited offer for the company, violated U.S. anti-trust rules by acquiring a stake.
Google says 21 percent of tech hires in 2014 were women
(Reuters) – Google Inc said 21 percent of tech hires last year were women, boosting overall number of women in technical roles by 1 percent, as part of efforts to increase diversity.
Takata agrees to quit using chemical in air bags: story withdrawn
DETROIT (Reuters) – Please be advised that the story on Takata agreeing to quit using chemical in airbags is wrong and has been withdrawn. A new story will follow shortly.
Uber targeted by Canada’s largest city amid cabbie protest
TORONTO (Reuters) – Taxi drivers packed a courtroom in Canada’s largest city on Monday as Toronto stated its case that the Uber ride-sharing service should be regulated, as are the traditional cabs with which Uber competes.
Cautious consumers cast doubt on U.S. growth outlook
WASHINGTON (Reuters) – U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.
Merrill Lynch pays $11 million to settle short sale violations
WASHINGTON (Reuters) – Two units of Bank of America’s brokerage arm Merrill Lynch agreed to pay $11 million and admitted they violated certain federal rules by using inaccurate data for short sale orders, U.S. regulators said on Monday.
