France tells investors: just learn to play game our way
PARIS (Reuters) – For the boss of General Electric, the trials and tribulations of doing business in France are summed up in the lyric of an old Rolling Stones’ song: “You can’t always get what you want, but if you try sometimes you just might find you get what you need.”
Ford tells owners to park 2014 F-150 trucks for steering issue
DETROIT (Reuters) – Ford Motor Co has told owners of its top-selling current model 2014 F-150 pickup trucks to park them until a power steering issue affecting 5,675 of the vehicles is fixed, the company said on its website on Tuesday.
U.S. services sector expands at fastest pace in four-and-a-half years
NEW YORK (Reuters) – The U.S. services sector expanded in June at the fastest pace in at least 4-1/2 years, pushed higher by increasing business activity, a survey showed on Wednesday.
Futures point to lower open after weak GDP report
NEW YORK (Reuters) – U.S. stock index futures pointed to a lower open on Wednesday as the latest economic data came in below expectations, giving investors further reasons to take profits amid ongoing tension in Iraq.
GM says other defective ignition switch made in China
DETROIT (Reuters) – General Motors Co said a defective ignition switch linked to the recall of almost 3.4 million cars was made in China, where another car maker discovered a problem part earlier this year.
U.S. durable goods unexpectedly fall in May
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods unexpectedly fell in May, suggesting an anticipated rebound in growth this quarter could fall short of expectations, even as a measure of business capital spending plans rose.
Valeant calls its shareholders to a special meeting
(Reuters) – Valeant Pharmaceuticals International on Wednesday said it had called a special meeting for its shareholders to approve the issuance of new shares, another step in its pursuit of Botox maker Allergan Inc.
Deutsche Bank completes $11.6 billion cap hike
FRANKFURT (Reuters) – Deutsche Bank successfully completed an 8.5 billion euro ($11.6 billion) capital increase aimed at fortifying its regulatory ratios and paying for restructuring at Germany’s biggest lender.
Fed’s Dudley sees mid-2015 rate hike as ‘reasonable’
(Reuters) – The U.S. Federal Reserve can reasonably wait to raise interest rates until mid-2015 without risking an undesirable rise in inflation, an influential Fed policymaker said on Tuesday.
U.S. mortgage applications fall in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week as both purchase and refinancing applications dipped, an industry group said on Wednesday.
