Two more deaths identified by GM ignition-switch program
NEW YORK (Reuters) – Two additional deaths have been attributed to a faulty ignition switch in General Motors Co vehicles, bringing the total to 35, according a report on Monday from the lawyer overseeing a program to compensate for deaths and accident…
U.S. services sector activity grows, November rate slows: Markit
NEW YORK, Nov 24 (Reuters) – The U.S. services sector expanded in November at a slower rate than the previous month as growth in new business slowed, an industry report showed on Monday.
Some fund managers see oil falling to $60 without OPEC cut
LONDON (Reuters) – Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week.
United Technologies CEO Louis Chenevert retires
(Reuters) – United Technologies Corp , the maker of elevators and air conditioners, said Chairman and Chief Executive Louis Chenevert would retire immediately.
China corruption watchdog launches inspections, eyes Sinopec
BEIJING (Reuters) – China’s corruption watchdog has launched a series of inspections into state-owned enterprises and government bodies including China Petrochemical Corp (Sinopec Group), Asia’s largest oil refiner, state media said on Monday.
Carlyle seeking $5 billion for fund with longer life: Bloomberg
(Reuters) – Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.
Visteon eyes $3.6 billion sale of South Korean unit: reports
SEOUL (Reuters) – U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea’s Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said.
French, British banks press EU to revise bank reform plans
PARIS (Reuters) – French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks, warning the move could discourage lending to struggling economies.
BioMarin to buy Prosensa in $840 million deal
(Reuters) – BioMarin Pharmaceuticals Inc said it would buy Dutch drug developer Prosensa Holding NV for about $840 million including milestone payments, aiming to add to its portfolio of drugs to treat rare diseases.
Fashion chain Gap in deal with online retailer Zalando
BERLIN (Reuters) – Gap Inc has struck a deal with Europe’s largest dedicated online fashion retailer Zalando to sell its core brand from next May, hoping to reach more consumers, particularly in markets where it has no physical stores.
