Greece, Troika start talks on common reform ground
BRUSSELS (Reuters) – Greece and its international creditors started talks on Friday on reforms needed to keep the country financed, increasing the possibility of a interim compromise deal between the euro zone and Athens at a ministerial meeting on Mon…
German growth stunner cheers markets
LONDON (Reuters) – A forecast-smashing growth reading from Germany sent stock markets higher and low-rated bond yields lower on Friday, putting global equities on track for a second straight week of gains.
Mercedes to unveil Pullman limo, hybrid C-Class in Geneva
FRANKFURT (Reuters) – Daimler will unveil a new version of the Mercedes-Benz Pullman at next month’s Geneva auto show, a six-seater stretch limousine known in the past for its popularity with plutocrats, dictators and politicians.
Alibaba’s Jack Ma seeks to reassure employees over U.S. lawsuits
BEIJING (Reuters) – Alibaba Group Holding Ltd Executive Chairman Jack Ma urged employees to relax about U.S. lawsuits against the firm over possible failure to disclose information to investors, in a letter to staff posted on his official microblog on …
Apple $1 trillion stock market value could be years away
SAN FRANCISCO (Reuters) – Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker’s stock value to get there.
Two JPMorgan executives tied to Asia hiring probe to exit: WSJ
(Reuters) – Two senior executives at JPMorgan Chase & Co who are connected to an investigation into its hiring practices in Asia will exit the bank, the Wall Street Journal reported, citing people with knowledge of the matter.
Kraft Foods shakes up leadership, reports quarterly loss
(Reuters) – Kraft Foods Group Inc said on Thursday that its chief financial officer would leave her role and two other senior executives would depart from the company, marking the first major changes at the maker of Velveeta cheese and Oscar Mayer meat…
GM faces investor demand for slice of $25 billion cash hoard
DETROIT (Reuters) – An investor group demand that General Motors Co give back more of its $25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders.
Exclusive: Shire moves to prepare Salix bid – sources
(Reuters) – British pharmaceutical company Shire Plc has taken initial steps towards a bid for U.S. bowel drugmaker Salix Pharmaceuticals Inc and is working with advisers on a potential offer, according to people familiar with the matter.
Record number of vehicles recalled in U.S. last year: regulator
WASHINGTON (Reuters) – A record 63.9 million vehicles were recalled in the United States last year, the U.S. auto safety regulator said on Thursday, led by high-profile recalls of General Motors Co ignition switches and Takata Corp air bags.
