Wal-Mart appoints Walton family member as vice chairman
(Reuters) – Wal-Mart Stores Inc appointed Gregory Penner as vice chairman, showing again that the world’s largest retailer is looking at younger executives to revive its fortunes.
GM sets four more recalls, covering over 105,000 vehicles
DETROIT (Reuters) – General Motors Co on Friday announced four more recalls covering 105,688 cars and trucks globally, raising the number of recalls to 34 including the high-profile for defective ignition switches linked to at least 13 deaths.
U.S. recoups jobs lost in recession as economy picks up
WASHINGTON (Reuters) – U.S. employment returned to its pre-recession peak in May with a solid pace of hiring that offered confirmation the economy has snapped back from a winter slump.
Shares rally after U.S. jobs data; dollar gains
NEW YORK (Reuters) – Global equity markets and the dollar rose on Friday, with U.S. stocks closing at record highs, after data on U.S. jobs creation bolstered risk appetite that was also fed by the European Central Bank’s pledge to douse deflation with…
Jobs report takes Dow, S&P to fresh record highs
NEW YORK (Reuters) – U.S. stocks rose on Friday, with the Dow and the S&P 500 closing at records, after the May payrolls report provided the latest confirmation of improving economic conditions.
U.S. consumer credit surges on increased credit card use
WASHINGTON (Reuters) – U.S. consumer credit surged in April as Americans ramped up their use of credit cards, a potentially positive sign for consumer spending.
Big risks seen in Putin’s idea to beef up Gazprom
MOSCOW (Reuters) – President Vladimir Putin’s idea of a massive boost to Gazprom’s share capital has taken bankers and the energy industry by surprise, with some fearing it could further strain Russia’s sanctions-hit economy and undermine the rouble.
New UPS CEO plans expansion in emerging markets, services
(Reuters) – The incoming head of United Parcel Service Inc UPS.N said on Friday the world’s largest parcel delivery company will continue investing to build capacity in emerging markets and to expand its services, especially in healthcare, its fastest-…
Exclusive: As bank fines soar, U.S. threatened $16 billion BNP penalty
WASHINGTON/NEW YORK (Reuters) – U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France’s biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter.
SEC charges Liquidnet, Wedbush with regulatory violations
WASHINGTON (Reuters) – U.S. securities regulators filed civil lawsuits on Friday against a “dark pool” trading venue and a major brokerage firm as part of a crackdown on market structure rule violations.
