GM sued over deaths, injuries linked to ignition switch
(Reuters) – General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches.
Argentina’s euro bondholders ask U.S. judge to suspend debt ruling
NEW YORK/BUENOS AIRES (Reuters) – Holders of Argentina’s euro-denominated exchange bonds urged a U.S. judge on Tuesday to suspend a debt ruling in favor of holdout investors suing the country that risks toppling Latin America’s No. 3 economy into defau…
Twitter assuages growth concerns for now as shares soar 35 percent
SAN FRANCISCO (Reuters) – Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer’s World Cup, assuaging concerns for now that the online messaging service had peaked.
Icahn cuts stake in Family Dollar
(Reuters) – Activist investor Carl Icahn cut his stake in Family Dollar Stores Inc , a day after the company agreed to be bought by rival discount chain Dollar Tree Inc for $8.5 billion.
Ex-Im internal watchdog finds no proof of systemic corruption
WASHINGTON (Reuters) – There is currently no evidence of widespread fraud within the U.S. Export-Import Bank, its internal watchdog said, as critics of the bank flagged a wider probe of corruption claims.
U.S. trial over S&P ratings could begin in September 2015, take 4 months
SANTA ANA CALIFORNIA (Reuters) – A trial on the U.S. government’s $5 billion lawsuit against Standard & Poor’s over the company’s ratings of mortgage bonds prior to the 2008 financial crisis could begin in September 2015 and last four months, the federal judge overseeing the case said on Tuesday.
Prosecutors, defense spar over $150 billion forfeiture for Madoff aides
NEW YORK (Reuters) – Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial’s key question: What did they know, and when did th…
In China food testing, safety inspectors are often one step behind
SHANGHAI/HONG KONG (Reuters) – When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-…
U.S. home prices down in May, but consumer confidence strong
NEW YORK (Reuters) – U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.
U.S. seen maintaining solid pace of jobs growth in July
WASHINGTON (Reuters) – U.S employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year.
