Argentina vows to service debt despite new legal blow
WASHINGTON/BUENOS AIRES (Reuters) – President Cristina Fernandez vowed on Monday to find a way to service Argentina’s restructured debt despite suffering a major setback in a long legal battle against “holdout” investors that pushed the country closer …
GM safety crisis grows with recall of 3 million more cars for ignition issues
SAN FRANCISCO/DETROIT (Reuters) – General Motors Co GM.N recalled three million more cars for ignition switch issues on Monday, roughly doubling the number of GM vehicles with known switch problems in a crisis that has defined the automaker and new Chi…
Hedge fund settles SEC case over whistleblower retaliation
WASHINGTON (Reuters) – U.S. securities regulators flexed their new powers to protect whistleblowers on Monday, in civil charges accusing a hedge fund advisory firm of improperly demoting its former head trader after he reported concerns about certain c…
Supreme Court rejects Argentina appeal in bond fight
WASHINGTON/BUENOS AIRES (Reuters) – The U.S. Supreme Court declined on Monday to hear Argentina’s appeal over its battle with hedge funds that refused to take part in its debt restructurings, an unexpected move that risks toppling Latin America’s No 3 economy into a new default.
GM safety crisis grows with recall of 3 million more cars for ignition issues
SAN FRANCISCO/DETROIT (Reuters) – General Motors Co recalled three million more cars for ignition switch issues on Monday, roughly doubling the number of GM vehicles with known switch problems in a crisis that has defined the automaker and new Chief Ex…
American Air, union reach tentative pacts for US Airways workers
(Reuters) – American Airlines Group on Monday said the company and the Machinists’ union reached tentative agreements covering more than 11,000 employed at US Airways as mechanics, maintenance training specialists and baggage handlers.
Supreme Court rejects Argentina appeal in bond fight
WASHINGTON/BUENOS AIRES (Reuters) – The U.S. Supreme Court declined on Monday to hear Argentina’s appeal over its battle with hedge funds that refused to take part in its debt restructurings, an unexpected move that risks toppling Latin America’s No 3 economy into a new default.
Siemens and Mitsubishi challenge GE with Alstom offer
MUNICH/PARIS (Reuters) – Germany’s Siemens and Japan’s Mitsubishi Heavy Industries presented a joint offer to France’s Alstom on Monday that included 7 billion euros ($9.5 billion) in cash, challenging a bid by General Electric.
Boeing 787-9 Dreamliner cleared for on-time delivery
NEW YORK (Reuters) – Boeing Co said on Monday that regulators have certified the 787-9 Dreamliner, clearing the way for the new, stretched jet’s on-time arrival to its first customer, Air New Zealand , possibly later this month.
Morgan Stanley calls Valeant ‘house of cards’ in Allergan pitch
NEW YORK (Reuters) – Morgan Stanley , an adviser to Valeant Pharmaceuticals International Inc in its $53 billion hostile bid for Allergan Inc , initially tried to get hired by Allergan and in its pitch called the unsolicited bidder a “house of cards,” …
