General Motors issues three new recalls, cites ignition systems
NEW YORK (Reuters) – General Motors Co began the new year by announcing three new vehicle recalls on Thursday, as the ignition switch crisis continued to dog the automaker after millions of vehicles were recalled in 2014.
Free delivery creates holiday boon for U.S. consumers at high cost
SAN FRANCISCO/CHICAGO (Reuters) – For top U.S. retailers, free delivery is now the norm. That is good news for shoppers, but not so much for investors.
Global factory growth ends 2014 on low note: PMI
LONDON (Reuters) – Global manufacturing activity expanded at its weakest pace in more than a year at the end of 2014, even though factories cut their prices at the steepest rate for nine months, a business survey showed on Friday.
Failure to stop Petrobras scandal could haunt Brazil’s Rousseff
RIO DE JANEIRO/BRASILIA (Reuters) – When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil’s state-run oil company had nothing to hide.
U.S. factory sector suffers end-of-year chill
WASHINGTON (Reuters) – The U.S. factory sector grew at its slowest pace in six months in December, a sign that weakness in the global economy is weighing on the United States.
Fed’s Mester sees rate rise in next six months: Fox TV
(Reuters) – A top Federal Reserve official said on Friday she could see the U.S. central bank raising interest rates in the first half of the year, earlier than some expect, given that the economy is on a “very firm footing.”
U.S. construction spending unexpectedly falls in November
WASHINGTON, (Reuters) – U.S. construction spending unexpectedly fell in November, held back by a drop in government outlays and by less money spent by businesses on projects other
U.S. factory activity growth slips to 11-month low in December: Markit
NEW YORK, (Reuters) – The U.S. manufacturing sector slowed in December to its lowest rate of growth since last January, and a gauge of employment sentiment fell, an industry report said on Friday.
Draghi drives euro to four and a half year low
LONDON (Reuters) – The euro started 2015 with another downward lurch, hitting a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.
Weak factory reports from Asia, Europe suggest more central bank action
LONDON/SYDNEY (Reuters) – The global economy ended 2014 in a fragile state as factories struggled to maintain growth across Europe and Asia, business surveys showed, adding to pressure on central banks to implement more stimulus.
