BMW to reveal Mexico factory plans this week: official
MEXICO CITY/MUNICH (Reuters) – Germany’s BMW AG will unveil this week plans to build a new factory in Mexico, a government official said, as the company seeks to meet growing demand for premium cars.
Bombardier wins order for up to 24 regional jets
TORONTO (Reuters) – Canadian planemaker Bombardier Inc said on Monday an unidentified customer has ordered 16 CRJ900 regional jets in a $727 million deal that could swell to $1.1 billion if options for eight more of the planes are exercised.
Sex video new twist in GSK China bribery scandal
SHANGHAI/LONDON (Reuters) – GlaxoSmithKline Plc’s tangled web of problems in China, including a sex video of its former China chief and anonymous emails alleging corruption, are highlighted in a lengthy draft report prepared for the British drugs firm …
U.S. safety agency probes 2005 Chrysler trucks over axle issue
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into an estimated 260,000 model year 2005 Dodge Ram 1500 pickup trucks of Fiat Chrysler Automobiles because a loose fastener may cause the rear axle to lock up or detach.
Fed’s Williams sees no rate hike until after mid-2015
SUN VALLEY Idaho (Reuters) – The Federal Reserve will probably need to keep interest rates near zero for at least another year, a top Fed official said on Monday, even as he expressed optimism the economy is well on its way to health.
U.S. government to unveil near $9 billion fine for France’s BNP: sources
PARIS/NEW YORK (Reuters) – The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas BNPP.PA involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France’s biggest bank, sources familiar with the matter said.
Madoff, Stanford fraud victims dealt setbacks by U.S. top court
(Reuters) – Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases seeking to recoup more money for them.
ECB to wait for June measures to bite as inflation stays low
BRUSSELS/ FRANKFURT (Reuters) – Euro zone inflation remained stuck at levels last seen during the 2009 recession and lending to companies and households contracted again, data showed on Monday, further highlighting the bloc’s feeble economic state.
U.S. pending home sales hit eight-month high in May
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes hit an eight-month high in May, the latest indication that housing was pulling out of a recent soft patch.
Potentially defective Takata bag inflators shipped also to Subaru, Mitsubishi
DETROIT (Reuters) – Takata Corp , the Japanese auto parts maker, said potentially defective air bag inflators, that could explode with too much force, were also shipped to Japanese automakers Subaru and Mitsubishi Motors Corp .
