Exclusive: BlackRock to ramp up impact investing
(Reuters) – BlackRock Inc is planning an array of new investment products that will allow clients to invest in addressing large societal issues, such as global hunger or poverty, an executive at the New York-based firm said.
GM gets 57 more claims for faulty ignition switch compensation
(Reuters) – General Motors Co received another 57 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 4,237, according to the administrator of the company’s compensation program.
McDonald’s January sales dragged down by China, Japan
(Reuters) – McDonald’s Corp on Monday reported a steeper-than-expected drop in January sales at established restaurants and pinned a big portion of the blame on the after-effects of food safety scandals in China and Japan.
Transformers, Marvel toys drive Hasbro’s profit beat
(Reuters) – Hasbro Inc reported a better-than-expected quarterly adjusted profit, helped by demand for its toys for boys based on Transformers movies and characters from Marvel comics in the holiday shopping season.
G20 plan for investment targets runs into stiff opposition
ISTANBUL (Reuters) – Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.
SodaStream looks to flavored waters as consumers shun sugary drinks
AIRPORT CITY, Israel (Reuters) – Facing new competition from the expected launch of Keurig Green Mountain Inc’s at-home soda machine in 2015, top player SodaStream International is seeking to appeal to increasingly health-oriented consumers.
GM extends top lawyer’s stay as search for successor still ongoing
DETROIT (Reuters) – General Motors Co said it has extended the tenure of its top lawyer, whose department was criticized over how it handled the issue of the automaker’s defective ignition switch linked to more than 50 deaths, and the search for a repl…
Swiss sight deposits rise, add to signs of possible SNB intervention
ZURICH (Reuters) – The amount of cash commercial banks hold with the Swiss National Bank crept up slightly last week, adding to signs that the central bank may have intervened to weaken the franc since removing the currency’s cap last month.
British PM chairs meeting on possible Greek exit from euro: spokesman
LONDON (Reuters) – British Prime Minister David Cameron chaired a contingency meeting on a possible Greek exit from the euro zone with finance ministry and Bank of England officials on Monday, his spokesman said.
Exclusive: Qualcomm nears $1 billion deal resolving China antitrust dispute
BEIJING (Reuters) – Qualcomm Inc is likely to pay China a record fine of around $1 billion, ending a 14-month government investigation into anti-competitive practices, after the U.S. chipmaker and the regulator made significant progress during talks la…
