Asian stocks catch Wall Street tailwind
SYDNEY (Reuters) – Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.
Canada unveils major wireless spectrum plan
TORONTO (Reuters) – The Canadian government unveiled a major update to its wireless airwave policy on Thursday, as it seeks to lower cellphone bills and bolster its coffers ahead of a federal election next year.
Icahn offers $20 million to keep Atlantic City Trump casino open
(Reuters) – Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey’s troubled Atlantic City, was once the only major destination for gambl…
U.S. holiday sales may recover with help of deep discounts
CHICAGO (Reuters) – Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers.
Oil tumbles after brief rebound; Brent back below $60
NEW YORK (Reuters) – Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.
Goldman’s Waldron promoted to co-head of investment banking
NEW YORK (Reuters) – Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of the investment bank since the 1920s.
Ford expands Takata driver-side air bag recall in U.S.
DETROIT (Reuters) – Ford Motor Co on Thursday expanded the recall of older-model Mustang cars that have driver-side Takata air bags with inflators, to include about 502,500 vehicles.
U.S. December auto sales seen up 10.4 percent: JD Power, LMC
DETROIT (Reuters) – U.S. auto sales will end the year strongly, as December sales will be 10.4 percent higher than a year ago, JD Power & Associates and LMC Automotive said on Thursday.
Mercedes recalls 4,871 cars, SUVs in U.S. for possible oil leak
DETROIT (Reuters) – Mercedes-Benz is recalling 4,871 sedans and SUVs in the United States because of a potential oil leak, according to documents filed with U.S. safety regulators.
Mazda recalls 2,800 cars in Mexico to check Takata air bags
MEXICO CITY (Reuters) – Mazda Motor Corp’s Mexican arm is recalling around 2,800 cars to check for possible defects in Takata air bags, the company said, the second such recall by an automaker in Mexico in as many weeks.
