Dow, S&P 500 set record highs in light volume
NEW YORK (Reuters) – The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market’s recent rally in light volume as consumer discretionary shares gained.
Keeping consumer foothold, GE launches ‘connected home’ products
NEW YORK (Reuters) – Despite General Electric Co’s impending sale of its appliances business, the company is not abandoning the consumer.
AT&T’s Mexico deal a cheap foothold outside saturated U.S. market
WASHINGTON/MEXICO CITY (Reuters) – AT&T’s $1.7 billion agreement to buy Iusacell, Mexico’s No. 3 cellular operator, puts it in the unfamiliar position of market underdog, owning an asset that may require billions in investment to catch up to the market’s two larger players.
Fiat Chrysler CEO sees Ferrari IPO in second quarter-third quarter of 2015
BALOCCO Italy (Reuters) – The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, the chief executive of parent Fiat Chrysler Automobiles (FCA) said on Tuesday.
Microsoft unveils first Lumia smartphone without Nokia name
(Reuters) – Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company’s handset business.
U.S. safety regulators probe Honda, Nissan vehicles for steering issues
DETROIT (Reuters) – U.S. safety regulators have opened separate investigations into potential steering issues in an estimated 374,000 Honda Accord sedans and an estimated 17,000 Infiniti EX35 compact crossover vehicles.
Xi urges faster APEC talks on China-backed free trade area
BEIJING (Reuters) – The global economic recovery is unstable and nations in the Asia Pacific Economic Cooperation (APEC) bloc should speed up free trade talks to spur growth, Chinese President Xi Jinping said on Tuesday.
Easier mortgage rules, stable rates bring back U.S. home buyers
(Reuters) – Many U.S. home buyers are returning to the market after almost a year as interest rates stabilize and regulators propose more relaxed rules on mortgage lending.
UAW expects union recognition soon at VW Tennessee plant
(Reuters) – The United Auto Workers expect Volkswagen AG to announce soon a policy change that would allow for union representation at the company’s plant in Chattanooga, Tennessee, where the union has faced challenges organizing workers.
Apple must face U.S. lawsuit over vanishing iPhone text messages
(Reuters) – Apple Inc was ordered to face a U.S. federal lawsuit claiming it failed to tell consumers that its messaging system would block them from receiving text messages if they switched to Android-based smartphones from iPhones.
