DoubleLine’s Gundlach: Puerto Rico munis not a ‘big bet’ for firm
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said Puerto Rico municipal bonds represent about 1 percent of his DoubleLine closed-end fund.
Fed mulled supporting key debt market in case of U.S. default
WASHINGTON (Reuters) – The Federal Reserve investigated how it could keep a massive short term lending market from freezing up if America defaulted on its debt, according to a person familiar with planning that was done by the New York Fed.
GM recalling more than half million Malibu sedans, pickup trucks
DETROIT (Reuters) – General Motors Co will recall about 522,000 vehicles, including Chevrolet Malibus and two pickup truck models, due to two different issues, the company said on Tuesday.
Exclusive: Cablevision to drop $1 bid for NY Daily News – source
NEW YORK (Reuters) – It was one dollar too much for Cablevision Systems Corp . The cable company is planning to pull out of the auction process for the New York Daily News after spending hundreds of hours analyzing a potential deal, according to a pers…
GM halts factory in southern Brazil amid shipping standoff
SAO PAULO (Reuters) – General Motors Co said it suspended production at a factory in southern Brazil on Tuesday due to a standoff with truckers shipping vehicles from the plant.
Boeing says efficiency supports strong outlook, despite hurdles
NEW YORK (Reuters) – Citing steady demand from airlines, Boeing Co said on Tuesday it is capable of raising 737 jetliner output by 43 percent to 60 a month, as it gave a rosy outlook despite concerns about orders, overall production and defense spendin…
Southwest pilots announce strike preparation as contract talks lag
(Reuters) – The pilots union at Southwest Airlines Co on Tuesday announced staffing and funding for a committee to prepare pilots and the flying public for a walkout, in case it cannot reach a contract deal with management in coming months.
Union calls on New Jersey Attorney General to probe Herbalife
BOSTON (Reuters) – A union representing workers in New Jersey gambling hub Atlantic City said on Tuesday it asked the state’s top prosecutor to investigate Herbalife Ltd, saying it is worried the nutrition supplements company could “prey” on unemployed…
Greek PM says time for action from lenders, IMF payment scrapes by
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras on Tuesday called on lenders to break an impasse in cash-for-reform talks after Athens had to resort to a temporary expedient to make a crucial payment to the IMF.
Nomura, RBS face $805 million damages after U.S. ruling: lawyer
NEW YORK (Reuters) – A U.S. judge’s ruling that Nomura Holdings Inc and Royal Bank of Scotland Group Plc made false statements selling mortgage-backed securities to Fannie Mae and Freddie Mac could result in a judgment exceeding $805 million, a U.S. re…
