Outlook brighter, but not enough yet for higher rates
LONDON (Reuters) – Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror.
As recalls mount, Takata, Japan automakers stuck in uneasy reliance
TOKYO (Reuters) – Air bag manufacturer Takata Corp and Japanese carmakers including Honda Motor Co are locked in the commercial equivalent of a bad marriage; not entirely happy in each other’s company but unable to break apart and wary of potentially c…
GM’s lighter 2016 Camaro ups the ante in U.S. muscle car wars
DETROIT (Reuters) – General Motors Co unveiled the sixth generation of its Chevrolet Camaro on Saturday, upping the ante as Detroit’s muscle cars enjoy a renaissance fueled by cheap oil.
Greek PM warned lenders of not repaying IMF debt in May: report
ATHENS (Reuters) – Greece’s Prime Minister Alexis Tsipras had at one stage warned foreign creditors that Athens would not repay 750 million euros due to the IMF in May unless they provided it with immediate liquidity, the Kathimerini newspaper reported…
Alibaba sued in U.S. by luxury brands over counterfeit goods
NEW YORK (Reuters) – A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world.
Fiat Chrysler’s U.S. unit redeems bonds due 2019
MILAN (Reuters) – The U.S. unit of carmaker Fiat Chrysler Automobiles (FCA) has redeemed senior secured notes that mature in 2019 with a total face value of $2.875 billion, a filing with U.S. market regulator SEC showed.
China, U.S. must speed up progress on investment treaty: Chinese minister
BEIJING (Reuters) – China and the United States must work together to speed up progress on a bilateral investment treaty, China’s Foreign Minister Wang Yi said on Saturday.
Hedge fund activists buy McDonald’s, but are they lovin’ it?
(Reuters) – Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC, took new positions or raised their equity stakes in fast food chain McDonald’s Corp during the first quarter, according to regulatory filings on Friday.
Hedge fund activists buy McDonald’s, but are they lovin’ it?
(Reuters) – Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC took new positions or raised their equity stakes in fast food chain McDonald’s Corp during the first quarter, according to regulatory filings on Friday.
A few managers boost Herbalife stakes in first quarter joining Soros, Icahn
BOSTON (Reuters) – A handful of big money managers boosted their stakes in Herbalife Ltd during the first quarter, joining billionaire investors Carl Icahn and George Soros in their gamble the company will overcome a raft of U.S. federal investigations…
