Daimler labor representative: Trucks cost cut plans put 2,000 jobs at risk
FRANKFURT (Reuters) – Daimler management wants to cut costs further at its truck plants in Germany, an objective which could threaten around 2,000 jobs, labor representative and deputy supervisory board chairman Michael Brecht said on Wednesday.
Chrysler too slow to fix Jeep fuel-tank risk, regulators say
DETROIT (Reuters) – U.S. safety regulators are demanding an explanation for what they say is Chrysler’s slow pace in making fixes to protect rear fuel tanks in older model Jeep SUVs even though the regulators have accepted the automaker’s remedy in the…
Foreign investors shrug off Nigeria security risk: Citibank
LAGOS (Reuters) – Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year.
Last count survives in Rajaratnam brother’s insider trading trial
NEW YORK (Reuters) – Prosecutors avoided the dismissal of the last remaining count against Rengan Rajaratnam on Wednesday, a day after a federal judge tossed the primary fraud charges against Galleon Group founder Raj Rajaratnam’s younger brother.
Boeing gets $2.8 billion contract from NASA
(Reuters) – Boeing Co said it signed a $2.8 billion contract with NASA to develop the core stage of the Space Launch System (SLS).
U.S. Senate panel sets July 17 hearing on GM ignition switch
WASHINGTON (Reuters) – A U.S. Senate panel’s probe into General Motors Co’s botched handling of faulty ignition switches that have been tied to at least 16 fatal car crashes will continue with a second hearing on July 17.
California appeals court backs brokers in $5 million Morgan Stanley ruling
(Reuters) – A California appellate court has reinstated a nearly $5 million ruling against Morgan Stanley in a case initially filed by two brokers who said the company broke promises it made when recruiting them.
Target asks its customers to keep their guns out of stores
DALLAS (Reuters) – U.S. retail giant Target has asked people to keep guns out of its stores after being the subject of campaigns in Texas where people have brandished firearms in store aisles in their attempt to secure more rights to carry guns in publ…
U.S. private job gains in June largest in 1-1/2 years
WASHINGTON (Reuters) – U.S. private-sector hiring hit a 1-1/2-year high in June, reinforcing views that momentum was building to carry the economy through the rest of the year after a dismal start.
JPMorgan shares fall after Dimon disclosure of cancer
NEW YORK (Reuters) – JPMorgan Chase & Co’s shares fell as much as 1.3 percent Wednesday after Chairman and Chief Executive Jamie Dimon said late Tuesday he had been diagnosed with throat cancer.
