Fiat Chrysler boss says tougher U.S. safety stance will raise costs
DETROIT (Reuters) – U.S. vehicle safety regulators’ tougher posture toward automakers is a “new phase” in the government’s relations with the industry and will likely mean higher costs, Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne sai…
Exclusive: UBS must buy back investor’s Puerto Rico bond funds for $1 million
(Reuters) – UBS AG must buy back an investor’s Puerto Rico bond fund portfolio for $1 million, securities arbitrators ruled on Tuesday in a rare, lengthy rebuke of the firm’s sales practices on the Caribbean island.
Wal-Mart eyes Amazon in potentially costly e-commerce battle
(Reuters) – Wal-Mart Stores Inc said that it would take a different approach to online growth than Amazon.com Inc by using its large network of stores as distribution points.
Exclusive: Altice eyes U.S. with TWC, Suddenlink buys – sources
(Reuters) – French telecommunications group Altice SA has held talks to buy Time Warner Cable Inc, and is close to buying smaller peer Suddenlink, moving into the U.S cable market, according to people familiar with the matter.
Exclusive: Altice looking at acquiring Time Warner Cable – source
NEW YORK (Reuters) – French telecom group Altice SA is looking at acquiring Time Warner Cable Inc and has held talks with the U.S.-based company about a potential deal, according to a source familiar with the matter.
Takata doubling U.S. recall for defective air bags to 34 million vehicles
WASHINGTON/DETROIT (Reuters) – Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesd…
Five big banks face criminal charges and $5 billion bill over FX rigging
LONDON/NEW YORK (Reuters) – Five of the world’s biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with U.S. and British authorities over rigging of currency markets.
Wal-Mart sales miss estimates as shoppers save more, spend less
(Reuters) – Wal-Mart Stores Inc on Tuesday joined the list of U.S. retailers reporting disappointing quarterly results, saying consumers’ pocketing tax refunds and savings from cheaper gasoline had dented its sales growth.
Stocks end mixed; Dow creeps up to new record high
(Reuters) – U.S. stocks ended mixed on Tuesday, with the Dow rising marginally to a second straight record high, as Wall Street digested housing data that some saw as hopeful for an economy struggling to grow.
Exclusive: GE says to lose Angola locomotive deal if Ex-Im Bank closes
WASHINGTON (Reuters) – General Electric Co would lose a $350-million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank, a senior GE executive told R…
