ECB’s Coeure presses euro zone governments to reform economies
NICOSIA (Reuters) – The euro zone risks a loss of economic momentum and a delayed recovery unless governments match the European Central Bank’s monetary stimulus with fiscal and structural policies to support growth, ECB policymaker Benoit Coeure said …
U.S. opens probe into Honda reporting of Takata air bag failures
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it will examine whether Honda Motor Co Ltd failed to report deaths or injuries involving air bags that are now part of a sweeping federal review.
Citi’s Linville slowly turns around bank’s card business
NEW YORK (Reuters) – When Jud Linville joined Citigroup in 2010 to head its main credit card business, he discovered a card called “Simplicity” that was anything but.
Dow, S&P 500 close slightly lower; semis boost Nasdaq
NEW YORK (Reuters) – The S&P 500 and the Dow closed with slight losses on Monday after briefly touching intraday records, but strength in semiconductors boosted the Nasdaq.
Sprint cuts 2000 jobs, more leadership changes to come
WASHINGTON (Reuters) – Sprint Corp announced on Monday it will fire 2,000 employees and it cut its 2014 adjusted earnings forecast as the company attempts to reduce costs and turn around several quarters of losses.
AIG beats third-quarter estimates, will buy back more shares
NEW YORK (Reuters) – Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations.
Herbalife slashes full-year forecast, shares slide
(Reuters) – Herbalife Ltd , a maker of weight-loss and nutritional products, slashed its full-year revenue and adjusted profit forecast as it wrote down the value of its Venezuelan assets.
Alibaba’s first earnings to test mettle, investor enthusiasm
SAN FRANCISCO/BEIJING (Reuters) – Alibaba Group Holding Ltd’s first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searc…
U.S. opens probe into Honda reporting of Takata air bag failures
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it had opened an investigation into whether Honda Motor Co Ltd failed to report to the auto regulator deaths or injuries involving Takata Corp air bags.
Dow, S&P 500 close slightly lower; semis boost Nasdaq
NEW YORK (Reuters) – The S&P 500 and the Dow closed with slight losses on Monday after briefly touching intraday records, but strength in semiconductors boosted the Nasdaq.
