EU prepares rules for tackling failed financial firms outside banking
LONDON (Reuters) – The European Union is looking at creating rules on how to deal with financial firms outside the banking industry that run into trouble, including clearing houses, insurers and asset managers, the EU’s financial services chief said on…
Emirates says still waiting to hear from Airbus on A380 revamp
LONDON (Reuters) – Emirates [EMIRA.UL] president Tim Clark said on Friday the airline is still waiting for a decision from Airbus over whether the planemaker will proceed with a revamp of the A380 superjumbo.
Nokia CEO says French jobs pledge is business as usual
HELSINKI (Reuters) – Finland’s Nokia on Friday defended its commitment to protect jobs in France following its planned takeover of Alcatel-Lucent , and suggested future job cuts could focus on countries other than the two home bases.
U.S. companies use more of their bank credit lines in sign of confidence
NEW YORK (Reuters) – U.S. banks are reporting that companies are tapping more of their credit lines to fund hiring and expand their businesses, a promising sign for the economy.
With SUVs, Chinese carmakers at last unsettle foreign brands
BEIJING (Reuters) – Two years ago, just one Chinese SUV ranked among the country’s top-10. In the first three months of this year, that number jumped to eight – a sign that Chinese automakers may have found their sweet-spot to battle foreign rivals in …
Fed may allow banks to use muni bonds to meet liquidity rules: WSJ
(Reuters) – The U.S. Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, the Wall Street Journal reported, citing people familiar with the matter.
Laid off American Apparel workers seek damages in lawsuit – court filing
(Reuters) – Three former American Apparel Inc employees who were among 200 laid off earlier this year are suing the retailer, saying they were not given appropriate legal notice, their attorney said on Thursday.
Nissan says to expand U.S. regional recall for Takata air bags
TOKYO (Reuters) – Nissan Motor Co said on Friday it would expand an investigative recall in certain U.S. regions to replace air bags made by Takata Corp , adding about 45,000 Sentras from the 2004-2006 model years that weren’t included previously.
AmEx revenue misses on strong dollar, loss of co-branded tie-ups
(Reuters) – American Express Co, the world’s largest credit card issuer, reported quarterly revenue that fell short of analysts’ estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups.
AmEx revenue misses on strong dollar, loss of co-branded tie-ups
(Reuters) – American Express Co, the world’s largest credit card issuer, reported quarterly revenue that fell short of analysts’ estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups.
