Europe, Brazil, U.S. car markets seen growing in 2015: Marchionne
DETROIT (Reuters) – Fiat Chrysler CEO Sergio Marchionne said on Monday he expects the car markets in Europe, Brazil and the United States to post single-digit growth in 2015.
Daimler CEO still sees strong momentum in China
DETROIT (Reuters) – Daimler Chief Executive Dieter Zetsche on Monday said he sees global demand for passenger cars rising around 4 percent in 2015, adding that the maker of Mercedes-Benz luxury cars aims to outgrow the market thanks to continued demand…
Dubai World gets majority creditor backing for $14.6 billion debt deal
DUBAI (Reuters) – State-owned conglomerate Dubai World [DBWLD.UL] edged closer to a second major restructuring in four years on Monday after announcing it had reached agreement with a “substantial majority” of creditors to back its $14.6 billion debt d…
SanDisk’s memory chip sales weak, shares fall
(Reuters) – SanDisk Corp said it expects fourth-quarter revenue to be lower than its forecast, citing weaker-than-expected sales of retail products and flash memory storage chips.
GM gets 141 more claims for faulty ignition switch compensation
(Reuters) – General Motors Co received 141 additional claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,710, according to the official administering the compensation program.
U.S. top court declines to hear Gupta’s appeal over officer ban
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected former Goldman Sachs Group director Rajat Gupta’s challenge to a permanent ban from acting as a public company officer.
Exclusive: Facebook, Xiaomi discussed possible investment in the Chinese smartphone maker – sources
HONG KONG/BEIJING (Reuters) – Mark Zuckerberg and Xiaomi Inc CEO Lei Jun discussed a potential investment by Facebook in China’s top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialized, several people with k…
Venezuela, Iran plea for oil cut hits Gulf OPEC brick wall
DUBAI/DOHA (Reuters) – A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group’s Gulf members to do so for now, delegates said on Monday.
U.S. top court turns away banks’ appeal in credit unions case
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear an appeal filed by several banks objecting to a lawsuit filed by a federal regulatory agency over their alleged role in selling mortgage-backed securities to now-failed credit uni…
BMW issues cautious 2015 forecast for group sales
DETROIT/FRANKFURT (Reuters) – German luxury auto maker BMW Group said on Monday it saw vehicle sales growth slowing this year following a cooling in demand for premium cars in China in late 2014.
