Solid construction, auto sales data boost U.S. growth picture
WASHINGTON (Reuters) – U.S. construction spending recorded its largest gain in five months in October, easing concerns of a sharp slowdown in fourth-quarter economic growth.
Solid construction, auto sales data boost U.S. growth picture
WASHINGTON (Reuters) – U.S. construction spending recorded its largest gain in five months in October, easing concerns of a sharp slowdown in fourth-quarter economic growth.
Takata taps former U.S. transport chiefs in air bag safety crisis
DETROIT (Reuters) – Takata Corp said on Tuesday it had recruited three former U.S. transportation secretaries to help the Japanese air bag supplier navigate a growing auto safety crisis.
Exclusive: Citigroup to shutter LavaFlow stock trading venue
NEW YORK (Reuters) – Citigroup Inc is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs.
RadioShack says lender’s covenant breach claims ‘self serving’
(Reuters) – RadioShack Corp said it received a notice from lender Salus Capital Partners accusing it of breaching covenants on a $250 million term facility, claims the troubled electronics retailer called “wrong and self serving.”
Oil falls below $72 after sharp rally in volatile market
LONDON (Reuters) – Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day’s rally from five-year lows, as traders voiced uncertainty over whether the market had reached a floor or would keep falling.
BP shares rise, traders cite talk of bid from Shell
LONDON (Reuters) – Shares of UK energy major BP rose more than 3 percent on Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell .
Aviva agrees to terms of $8.8 billion Friends takeover
LONDON (Reuters) – British insurer Aviva agreed terms on Tuesday for a 5.6 billion pound ($8.8 billion) all-share takeover of rival Friends Life , responding to pressures caused by pension industry reform.
Ford cancels SKF components contract, hits South African jobs
JOHANNESBURG (Reuters) – Some 250 jobs at a South African forging company could be cut after U.S. motor company Ford canceled a components contract with SKF , just weeks after strikes hit car parts manufacturers, a union said on Tuesday.
Jaguar Land Rover agrees UK pay deal with union
LONDON (Reuters) – British luxury carmaker Jaguar Land Rover said on Tuesday it has reached a deal over pay and pensions with union representatives after revising its offer, which will now be recommended to staff to settle a dispute that had threatened…
