Greek finance minister says deal with EU will be done, ‘even at eleventh hour’
ATHENS (Reuters) – Greek Finance Minister Yanis Varoufakis said on Saturday he believed Athens would reach an agreement with its EU lenders about the way out of its international bailout, “even at the last minute”.
GM recalling 81,000-plus vehicles over steering problem
WASHINGTON (Reuters) – General Motors Co on Saturday recalled 81,123 cars because of concerns about their electric power steering systems.
Barra, other top GM executives awarded shares as incentive pay
(This Feb 13 story corrects Barra’s restricted stock award for 2014 in third paragraph)
GE to use new India manufacturing facility as export hub
CHAKAN, India (Reuters) – General Electric Co will use its new manufacturing facility in India, which was formally inaugurated on Saturday, as an export hub, with plans to send half of its output to the conglomerate’s global factories.
U.S. West Coast ports closed to cargo vessels again for weekend
LOS ANGELES (Reuters) – Clogged ports along the U.S. West Coast were closed to cargo freighters for the third time in a week on Friday night, and shippers vowed to keep a partial shutdown in effect through Monday barring a settlement in labor talks wit…
At record high, U.S. stocks look to extend breakout
NEW YORK (Reuters) – U.S. stocks are poised for more upward momentum even as uncertainty over oil prices and Greek debt negotiations keeps the market on tenterhooks, analysts say.
McDonald’s needs to shake up board, union fund adviser says
(Reuters) – Union pension fund adviser CtW Investment Group on Friday demanded in a letter to key McDonald’s Corp directors that the struggling fast-food chain follow up its recent chief executive officer replacement with a turnover of its board.
U.S. airlines, hotel industry wary of Expedia-Orbitz merger
(Reuters) – The U.S. airline industry expressed concerns on Friday about the tentative merger of Expedia Inc and Orbitz Worldwide Inc , saying it could hurt the travel business, but hinted it would not lobby actively against the deal.
Boeing wins $403 million upgrade deal for Japan government
WASHINGTON (Reuters) – Boeing Co has won a contract valued at $403 million to upgrade four 767-based airborne warning and control aircraft for the government of Japan, the Pentagon said in its daily list of major contract awards on Friday.
Citigroup, Goldman, UBS in $235 million mortgage settlement
NEW YORK (Reuters) – Citigroup Inc , Goldman Sachs Group Inc and UBS AG agreed to pay $235 million in cash to settle U.S. litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the glob…
