GM, Ford to ask UAW for new lower-pay tier in U.S.: Bloomberg
(Reuters) – U.S. automakers General Motors Co and Ford Motor Co are considering asking the United Auto Workers union to create a new tier of lower-paid union workers in their U.S. factories, Bloomberg reported, citing people familiar with the matter.
Fed’s Williams says mid-year rate rise may be appropriate
SYDNEY (Reuters) – Federal Reserve policymakers should wait no more than a few months before considering raising U.S. interest rates from their current near-zero level, a top Fed official said on Tuesday.
Japan finance minister says would be desirable for AIIB to work with ADB
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday it would be desirable if the China-backed Asian Infrastructure Investment Bank (AIIB) could work with the Asian Development Bank (ADB) in meeting growing demand for infrastructure fin…
GM to make next-generation Chevrolet Cruze in Mexico
MEXICO CITY/DETROIT (Reuters) – General Motors Co will build its next-generation Chevrolet Cruze compact in Mexico, the company said on Monday, as automakers look to expand in the Latin American nation to take advantage of low labor costs and free trad…
Italy prosecutors wrap up tax probe into Apple: sources
MILAN (Reuters) – Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday.
U.S. court authorizes Citigroup to process Argentine bond payments
BUENOS AIRES (Reuters) – Citigroup Inc said it has been authorized by a U.S. judge to process two Argentine debt payments, which could ease tensions between the bank and the default-hit nation.
Icahn raises stake in Chesapeake Energy to 11 percent
(Reuters) – Activist investor Carl Icahn raised his stake in Chesapeake Energy Corp to almost 11 percent even as the company continues to cope with low oil and gas prices.
Madoff feeder fund settles; victims’ recovery tops $10.6 billion
NEW YORK (Reuters) – The trustee recovering money for Bernard Madoff’s victims on Monday announced a settlement to recoup $93 million from a “feeder fund” that sent client money to the swindler’s firm, boosting the total sum raised to roughly $10.65 bi…
Oil rises more than 1 percent, boosted by weaker dollar
NEW YORK (Reuters) – U.S. crude futures settled more than 1 percent higher on Monday, boosted by a falling dollar that outweighed pressure on prices from a global supply glut.
GM to make next generation Chevrolet Cruze in Mexico
MEXICO CITY/DETROIT (Reuters) – General Motors Co will build its next-generation Chevrolet Cruze small car in Mexico, the company said on Monday, as automakers look to expand there to take advantage of low labor costs and free trade agreements. GM will…
