GM emails show more unheeded warnings about ignition defects
WASHINGTON (Reuters) – U.S. lawmakers on Wednesday accused General Motors Co of a “disturbing pattern” of neglecting safety and revealed emails from 2005 in which a GM employee warned a “big recall” may be necessary over an ignition-switch problem that…
U.S. ignition-switch investigation extended to Chrysler
DETROIT/WASHINGTON (Reuters) – U.S. safety regulators are investigating about 1.2 million Chrysler vehicles for potential ignition-switch problems, expanding a probe beyond General Motors Co to another Detroit automaker.
Argentina to negotiate with holdout investors for first time
NEW YORK (Reuters) – Argentine officials will seek next week to negotiate for the first time with hedge funds that refused to take part in its debt restructuring, a lawyer for the country said in Manhattan federal court on Wednesday, potentially bringi…
EU threat on banking in U.S. trade talks is empty, official says
WASHINGTON/BRUSSELS (Reuters) – The European Union’s threat to take access to financial services off the table in a trade deal with the United States is an empty one because it has already signed up to international agreements allowing such access, an …
Pipeline go-ahead raises risks for Canada’s Conservatives
OTTAWA/VANCOUVER (Reuters) – Its decision to approve development of the controversial Northern Gateway oil pipeline could cost Canada’s governing Conservatives critical support in British Columbia, where they will need a strong showing in the 2015 elec…
Advisers turn to alternative mutual funds on U.S. rate rise fears
NEW YORK (Reuters) – Investment advisers, bracing for the U.S. Federal Reserve to raise interest rates, are seeking alternatives to plain-vanilla bond funds, and some are turning to mutual funds that employ hedge-fund-like tactics, including the abilit…
Wall Street gains on Fed’s view; S&P 500 ends at a record
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with the S&P 500 ending at a record after the Federal Reserve hinted at a slightly faster pace of interest-rate increases starting next year but suggested rates in the long run would be lower than it had indicated previously.
Argentines want debt deal as economic woes pile up
BUENOS AIRES (Reuters) – Argentina’s decision to talk with holdout creditors to end its long-running bond dispute and possibly avoid another damaging default is likely to be popular in a country that is sliding into recession, even as many Argentines say they despise the hedge funds involved.
L’Oreal CEO says U.S. market is not improving
PARIS (Reuters) – French cosmetics giant L’Oreal on Wednesday said the US market for mass beauty consumer goods remained flat, dashing hopes of an improvement in the current quarter, but pointed to continued recovery in Europe, notably in southern coun…
Amazon tries to break from pack with 3D-ready ‘Fire’ phone
SEATTLE (Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos unveiled a “Fire” smartphone on Wednesday equipped with a 3D-capable screen and the ability to recognize objects, music and TV shows, hoping to stand out in a crowded field dominated…
