GM employees under probe for defective ignition switch: sources
(Reuters) – U.S. prosecutors are interviewing present and former General Motors Co employees as part of the criminal probe into the automaker’s ignition-switch problem that has been linked to at least 13 deaths, two sources said.
Exclusive: Complaint about shutting off Camaro with knee dates back a year
DETROIT (Reuters) – U.S. safety regulators received a complaint about a Chevrolet Camaro driver accidentally shutting off the car with a knee more than a year before General Motors on Friday recalled half a million of the sports cars over the issue, wh…
Iraq conflict brings defense stocks in focus
NEW YORK (Reuters) – With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention next week.
GM recalls half million Camaros, safety crisis deepens
DETROIT (Reuters) – General Motors Co recalled 511,528 Chevrolet Camaros on Friday for an ignition switch problem similar to the defect linked to at least 13 deaths in Chevrolet Cobalts and other models.
FCC looking into slow Internet download speeds
WASHINGTON (Reuters) – U.S. regulators will review agreements between Netflix, Verizon, Comcast and other content and Internet providers to figure out whether they are causing slow web download speeds for some consumers, especially for streaming video …
Wall St. edges up on Intel but posts weekly decline
NEW YORK (Reuters) – U.S. stocks edged up on Friday, boosted by bullish news from the tech sector, but major indexes fell for the week as unrest in Iraq kept investors on edge.
U.S. to sue Citigroup over faulty mortgage bonds: sources
WASHINGTON/NEW YORK (Reuters) – The U.S. Department of Justice is preparing to sue Citigroup Inc on charges that the bank defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, after talks to reso…
Exclusive: Honda expects to expand Takata airbag recall by more than 1 million cars – source
TOKYO (Reuters) – Honda Motor Co expects to recall more than 1 million more vehicles with potentially defective air bags, expanding a massive, multi-company air bag recall, according to a person with knowledge of the matter.
Alitalia board votes to accept Etihad offer, rapidly do deal: CEO
ROME (Reuters) – The board of Italy’s troubled airline Alitalia on Friday voted to accept an offer by Etihad Airways to invest in the company, and said it would move quickly to conclude the tie-up, the company’s chief executive said.
Ackman sues Allergan over questions about poison pill
(Reuters) – William Ackman’s Pershing Square Capital Management on Friday it filed a lawsuit against Allergan Inc seeking confirmation that its request to hold a special meeting of Allergan shareholders would not trigger poison pill takeover defense.
