Fiat Chrysler’s Wall Street debut draws muted response
MILAN/NEW YORK (Reuters) – Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles (FCA), a move that shifts the carmaker’s center of gravity away from Italy and caps a decade of canny dealmaking and tough restructurin…
Wall St. drops in late selloff; worst three days for S&P 500 since 2011
NEW YORK (Reuters) – The S&P 500 dropped more than 1 percent and posted its worst three-day slide since November 2011 on Monday following worries that global economic weakness will dampen U.S. earnings, along with concern about the spread of Ebola.
J.C. Penney taps Home Depot executive as CEO, big challenges ahead
(Reuters) – J.C. Penney Co Inc named Home Depot Inc executive Marvin Ellison as its new chief on Monday, ending an 18-month search but barely allaying investor concerns over problems facing the money-losing department store chain.
Former UBS banker fined in Switzerland for handing data to U.S.
BERNE (Reuters) – A former banker at Switzerland’s biggest bank, UBS , has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors’ office.
ADM in deal to buy another health ingredient supplier
CHICAGO (Reuters) – Archer Daniels Midland Co plans to buy Specialty Commodities Inc for $170 million in its second deal for a health-focused ingredient supplier in three months, the agribusiness company said on Monday.
Fed’s Evans sees slow inflation rise, counsels patience on rate decision
INDIANAPOLIS (Reuters) – The Federal Reserve should err on the side of caution in its coming decision about when to raise interest rates for fear of upending the U.S. recovery in a weak world economy, Chicago Federal Reserve President Charles Evans sai…
Deaths linked to GM ignition-switch defect rise to 27
NEW YORK (Reuters) – A program to compensate victims of a faulty ignition switch in General Motors vehicles has approved three new death claims, bringing the total number of deaths linked so far to the switch to 27, according to a report released on Mo…
Ford to add 850 jobs at Dearborn factories for new F-150 truck
DEARBORN Mich. (Reuters) – Ford Motor Co said on Monday it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck.
Exclusive: Privately, Saudis tell oil market- get used to lower prices
LONDON/NEW YORK (Reuters) – Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those …
GE aircraft unit to buy helicopter lessor Milestone for $1.78 billion
(Reuters) – General Electric Co’s aircraft leasing unit said it would buy Dublin-based helicopter leasing company Milestone Aviation Group for $1.78 billion.
