GM sees improved profit in 2015 on China, U.S. growth
DETROIT (Reuters) – General Motors Co on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States.
Wall St. ends down for fourth day on global growth worries
NEW YORK (Reuters) – U.S. stocks fell for a fourth day on Wednesday as a World Bank forecast fueled concerns about global economic weakness and copper prices sank, although a late-day rebound in energy shares left the market well off its lows after a v…
Google partners with auto suppliers on self-driving car
DETROIT (Reuters) – Internet search company Google Inc has begun discussions with most of the world’s top automakers and has assembled a team of traditional and nontraditional suppliers to speed efforts to bring self-driving cars to market by 2020, a G…
U.S. retail sales drop biggest in 11 months, but seen as a blip
WASHINGTON (Reuters) – U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, tempering expectations for a sharp acceleration in consumer spending in the fourth quarter.
SEC adopts rules establishing regime for swap data warehouses
(Reuters) – U.S. securities regulators took another step toward shedding more light on the over-the-counter derivatives market Wednesday, adopting a raft of measures to give them a direct window into the opaque market.
GM offers aggressive outlook in CEO Barra’s ‘do-over’ year
DETROIT (Reuters) – General Motors Co Chief Executive Officer Mary Barra said on Wednesday the largest U.S. automaker would increase its profit this year, as she counted on investors to give her a second chance after her first year behind the wheel was…
ISS reverses stance, backs Dollar Tree’s bid for Family Dollar
(Reuters) – Institutional Shareholder Services advised Family Dollar Stores Inc shareholders to vote for the retailer’s acquisition by Dollar Tree Inc , reversing its previous stance.
Daimler recalls 114,000 Mercedes in Germany over seal fault
FRANKFURT (Reuters) – Daimler said it is recalling 114,000 of its four-cylinder diesel-engined Mercedes-Benz cars in Germany because some are equipped with faulty seals that can cause potential oil leaks.
Continental CEO pledges shares as collateral for personal loan
(Reuters) – Continental Resources Inc said Harold Hamm, its chief executive officer and majority shareholder, has pledged about one-fourth of the company shares he owns as collateral for a personal loan, according to a regulatory filing.
Ericsson files complaint against Apple over tech license payments
STOCKHOLM (Reuters) – Swedish telecom equipment supplier Ericsson said on Wednesday it filed a complaint against Apple Inc over mobile technology license payments, responding to a lawsuit from the iPhone maker earlier this month.
