Exclusive: UK may extend trading plan to sell more Lloyds shares
LONDON (Reuters) – Britain is considering selling more shares in Lloyds Banking Group by extending a trading facility beyond the current deadline at the end of June, people with knowledge of the matter said.
Economists cut second-quarter U.S. jobs growth forecasts: Philly Fed survey
NEW YORK (Reuters) – Economists cut their forecasts for U.S. economic growth in the second quarter and full year, and trimmed expectations for U.S. labor market gains.
U.S. consumer sentiment falls in May
NEW YORK (Reuters) – U.S. consumer sentiment fell more than expected in May, a survey released on Friday showed.
U.S. industrial output falls for fifth straight month
WASHINGTON (Reuters) – U.S. industrial production fell for a fifth straight month in April, weighed down by declines in mining and utilities output, pointing to a lack of momentum in the economy at the start of the second quarter.
Toshiba sets up new panel to expand accounting probe
TOKYO (Reuters) – Toshiba Corp has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years.
Expansion of Toyota air bag recall includes 637,000 U.S. vehicles
DETROIT (Reuters) – Toyota Motor Corp is recalling 637,000 vehicles in the United States as part of a massive expansion of a global recall to replace potentially defective air bags that could rupture and send shrapnel into occupants.
Honda Motor to recall 11,381 cars in India to replace air bags
NEW DELHI (Reuters) – Honda Motor Co’s local unit will recall 11,381 vehicles in India to replace potentially faulty air bags, the company said in a statement on Friday, a day after its Japanese parent said it would recall 5 million vehicles for the sa…
Shares set for weekly gain as bonds stabilize
LONDON (Reuters) – Global shares were on track for a weekly rise on Friday, with Europe following Asia higher, as bond-market jitters eased after a rollercoaster unwind of bets linked to the European Central Bank’s stimulus plan.
Honda exec says latest air bag-linked recall may impact Japan sales
TOKYO (Reuters) – Honda Motor Co could see an impact on sales in Japan from its plans to recall some 5 million cars to replace potentially fatal air bags made by Japan’s Takata Corp, a top executive said on Friday.
SEC a stumbling block in banks’ forex guilty pleas: sources
NEW YORK/WASHINGTON (Reuters) – Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in mult…
