S&P may downgrade Tesco to junk
LONDON (Reuters) – Ratings agency Standard & Poor’s said it may downgrade Tesco’s credit rating after its latest profit warning, moving the British grocer closer to losing its investment grade status.
Japan automakers add 550,000 cars to Takata air bag recalls
TOKYO (Reuters) – Three Japanese automakers will recall more than half a million cars globally to replace air bag inflators made by Takata Corp , bringing the total tally of Takata-related recalls across all brands to around 20 million since 2008.
Fed’s debate shifts from lift-off to long march to normal
WASHINGTON (Reuters) – For the Federal Reserve, deciding when to raise rates for the first time in nearly a decade has become the easy part.
Nissan to recall around 152,000 cars worldwide over Takata air bags
TOKYO (Reuters) – Nissan Motor Co said on Thursday it would recall around 152,000 cars worldwide that carry potentially defective Takata Corp air bags.
New York banking regulator probing Barclays, Deutsche Bank’s FX algorithm: source
(Reuters) – The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters.
Fiat Chrysler prices share offering at $11 each
(Reuters) – Fiat Chrysler Automobiles NV said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan.
Judge sides with California workers in Walmart labor dispute
(Reuters) – An administrative law judge found Walmart threatened employees trying to organize workers at two stores in California, in a victory for workers’ rights groups challenging labor practices at the retail giant.
Oil crashes 5 percent, nears $60 on weak U.S. demand, Saudi inaction
NEW YORK (Reuters) – Oil prices tumbled as much as 5 percent on Wednesday, pushing U.S. crude to five-year lows near $60 a barrel after data showed a spike in U.S. inventories and Saudi Arabia’s oil minister reiterated that he has no plans to cut outpu…
Ex-Madoff computer programmer gets two-and-a-half years prison for fraud
NEW YORK (Reuters) – A former computer programmer for Bernard Madoff was sentenced to 2-1/2 years in prison on Wednesday for helping the imprisoned fraudster carry out his multibillion dollar Ponzi scheme.
Indexes end down more than 1 percent as energy falls further
NEW YORK (Reuters) – U.S. stocks lost more than 1 percent on Wednesday in the S&P 500’s biggest decline since Oct. 13 as another big drop in oil prices hammered energy shares.
