Fiat Chrysler names first 86 Alfa Romeo dealers in North America
DETROIT (Reuters) – The first 86 dealerships to relaunch the sporty Alfa Romeo brand in North America, most of them now selling Fiat cars, were announced on Tuesday by Fiat Chrysler Automobiles .
RadioShack burns through cash in failed attempt to stem losses
(Reuters) – U.S. electronics retailer RadioShack Corp reported its ninth straight quarterly loss and is burning through cash as its struggles to sustain its turnaround efforts, which so far has failed to bear fruit.
Allergan CEO undaunted by likely long battle with Valeant
(Reuters) – The chief executive of Allergan Inc said Tuesday he is an “endurance player” who is prepared for a long, drawn-out effort to fend off a hostile takeover attempt by Valeant Pharmaceuticals International Inc and its ally, hedge fund billionai…
Hollande taps bank economist to steer economic policy
PARIS (Reuters) – Francois Hollande has chosen a senior economist at a U.S. bank as his new top economic advisor, an official in the French president’s office said on Tuesday, as France tries to sustain a sputtering economic recovery.
GM plans no more dismissals linked to switch recall: CEO
DETROIT (Reuters) – General Motors Co does not plan more employee dismissals relating to the company’s handling of a defective ignition switch linked to at least 13 deaths, Chief Executive Mary Barra said on Tuesday.
Ford to keep Fiesta production in Germany after cost-saving deal
BERLIN (Reuters) – Ford Motor Co will keep production of the Fiesta, its top-selling European car, in high-wage Germany after agreeing with workers to cut assembly costs as it looks to end years of losses on its European operations.
Victims of 2004 Ion crash sue GM to reopen case
(Reuters) – Victims of the crash of a Saturn Ion in 2004 have filed a lawsuit against General Motors Co to reopen a settlement and accusing the automaker of fraud.
U.S. futures dip, S&P 500 comes off fourth straight record
NEW YORK (Reuters) – U.S. stock index futures edged lower on Tuesday, as investors found few reasons to keep buying with the Dow and S&P 500 just off the latest in a string of records.
Betting on boring brings stock outperformance in 2014
NEW YORK (Reuters) – Largely ignored during much of last year’s 30 percent rally in the Standard & Poor’s 500 Index, the stocks leading the U.S. market this year rank among its usually sleepiest components.
Money market rates hit new low as ECB moves gain traction
TOKYO, June 10 (Reuters) – An all-time low for euro zone money market rates bolstered the region’s bond rally and held down the euro on Tuesday, providing clear evidence that the European Central Bank’s latest support measures are gaining traction.
