Tsipras promises Greece will keep its word amid German spat
PARIS/ATHENS (Reuters) – Prime Minister Alexis Tsipras tried to reassure euro zone partners on Thursday that Greece would stick to an extended bailout agreement with its international creditors even as a war of words rumbled on between Athens and Berli…
GM recalls about 64,000 Chevrolet Volt hybrids: Automotive News
(Reuters) – General Motors Co is recalling about 64,000 Chevrolet Volt hybrid electric cars for a software update to prevent carbon monoxide buildup when a driver forgets to shut off the vehicle, Automotive News reported on Thursday, citing a statement…
Wall St. bounces back in broad rally; bank shares gain
NEW YORK (Reuters) – U.S. stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar’s recent rally and tempered the outlook for interest rates.
Oil down as supply offsets dollar, Brent-U.S. spread near week high
NEW YORK (Reuters) – Global oil prices fell on Thursday on estimates showing another big supply build at the delivery point for the U.S. crude contract, with trade volatile ahead of the expiry of the front-month in benchmark Brent oil.
Cold weather chills U.S. retail sales; jobs market firming
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in February as harsh weather kept consumers from auto showrooms and shopping malls, tempering the outlook for first-quarter growth and a June interest rate increase by the Federal Reserve.
Lumber Liquidators defends floor product safety, offers free tests
(Reuters) – Lumber Liquidators Holdings Inc defended its flooring against allegations that some of its products contain dangerous levels of a cancer-causing substance, delivering a blow-by-blow account of its testing process to assuage investor concern…
Citi’s Corbat says stress test efforts ‘far from over’
(Reuters) – Citigroup Inc Chief Executive Mike Corbat told employees that the bank’s stress test work is “far from over”, despite the Federal Reserve raising no objections to Citi’s capital plan.
Commerzbank to pay $1.45 billion to resolve probes on Iran, Olympus
WASHINGTON (Reuters) – Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money laundering controls, the U.S. authoriti…
Coke CEO compensation rose 23 percent last year
(Reuters) – Coca-Cola Co said its chief executive earned $25.2 million in total compensation in 2014, about 23 percent higher than the previous year, while declining a bonus as the company implements a new cost-cutting plan and tries to boost growth.
Exclusive: Former risk chief warned Deutsche Bank on stress test, emails show
NEW YORK (Reuters) – In the weeks leading up to the U.S. Federal Reserve’s annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank’s U.S. unit that they were painting a far too…
