Chrysler to recall 900,000 SUVs to fix mirror wiring
(Reuters) – Chrysler Group LLC [CHRY.UL] will recall about 900,000 sport utility vehicles (SUVs), its largest recall this year, weeks before a shareholder meeting called by its parent Fiat SpA to seek approval for their merger.
Fed closer to tightening policy than many think: Plosser
(Reuters) – A top U.S. central banker said on Friday the Federal Reserve may be “closer than a lot of people think” to raising interest rates given the firmer recent inflation and labor data.
Not a ‘catastrophe’ if U.S. inflation rises over 2 percent: Fed’s Evans
(Reuters) – The Federal Reserve could well let inflation rise to 2.4 percent or so, above its 2-percent target, if the economy requires it, a top U.S. central banker said.
U.S. judge finds Texas tycoon Wyly not liable for insider trading
NEW YORK (Reuters) – Texas tycoon Sam Wyly and his late brother, Charles, were found not liable for insider trading by a U.S. judge on Friday, two months after a federal jury found them liable for committing fraud by using offshore trusts to hide stock…
U.S. cigarette maker Reynolds in talks to buy rival Lorillard
LONDON (Reuters) – U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would reshape one of the world’s biggest and most profitable tobacco markets, the companies said on Friday.
As Shire stays silent, some investors urge talks with AbbVie
LONDON (Reuters) – Some top investors in Shire are urging it to engage with AbbVie to discuss the U.S. drugmaker’s $51 billion takeover bid as a prolonged silence from the London-listed drugmaker adds to uncertainty over a possible deal.
GM hires Infiniti chief to runs its Cadillac brand
TOKYO/DETROIT (Reuters) – General Motors Co said on Friday it has hired Johan de Nysschen, chief of Nissan Motor Co’s Infiniti premium brand, to run its Cadillac division.
CME, Thomson Reuters win battle to replace century-old silver benchmark
LONDON (Reuters) – CME Group and Thomson Reuters will operate an electronic silver benchmark when the 117-year-old “fix” is disbanded in August, in a move widely seen preceding sweeping reforms of precious metals price-setting.
Stock futures up, but indexes on track for worst week in months
NEW YORK (Reuters) – U.S. stock index futures were modestly higher on Friday, indicating a rebound from recent losses, though major indexes remained on track for their biggest weekly decline since April.
With Alstom deal settled, focus on GE turns to margins, orders
NEW YORK (Reuters) – General Electric Co’s second-quarter earnings report next Friday comes soon after it prevailed in a two-month fight to acquire the power assets of France’s Alstom .
