Chrysler recalls 10,700 SUVs for cruise control defect
(Reuters) – Chrysler Group LLC [CHRY.UL] said it was recalling about 10,700 sport utility vehicles to fix a defect that leads to unintended acceleration in cruise-control mode.
Jobless claims data points to strong labor market
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend continued to point to a firming labor market.
Fed officials put financial stability concerns on front burner
BOSTON/SAN FRANCISCO (Reuters) – A pair of Federal Reserve officials on Wednesday warned that raising U.S. interest rates to fend off bubbles and other troubling signs of financial market unrest could undercut the Fed’s efforts to put the U.S. economy …
Warren Buffett’s charity lunch auction bid tops $1 million and may rise
(Reuters) – Warren Buffett’s annual auction to benefit a San Francisco charity has drawn a bid of more than $1 million, surpassing last year’s top offering, with a day of bidding remaining for a chance to eat lunch with the billionaire investor.
Sprint agrees to pay about $32 billion to buy T-Mobile: source
NEW YORK (Reuters) – Sprint Corp S.N has agreed to pay about $40 per share to buy T-Mobile US Inc, a person familiar with the matter said, marking further progress in the attempt to merge the third and fourth-biggest U.S. mobile network operators.
China port probe into metal financing rattles banks, trade houses
SYDNEY/HONG KONG (Reuters) – Global trading houses and banks are scrambling to check on their exposure to a probe into metal financing at China’s Qingdao port, as concern grows that a crackdown on commodity financing could hit trade in the world’s top …
U.S. futures slightly higher after ECB cuts rates
NEW YORK (Reuters) – U.S. stock index futures were slightly higher on Thursday after the European Central Bank cut interest rates to record lows while indicating further monetary policy actions will follow.
U.S. futures slightly higher as ECB decision looms
NEW YORK (Reuters) – U.S. stock index futures were slightly higher on Thursday as investors awaited what is expected to be a significant easing move from the European Central Bank.
Europe stocks hold steady, euro hostage to ECB decision
LONDON (Reuters) – European shares held steady and the euro hovered near four-month lows against the dollar on Thursday, with the common currency hostage to expectations the European Central Bank will ease monetary policy to support a fragile economic …
ECB ready to cut rates and push banks into lending to boost euro zone economy
FRANKFURT (Reuters) – The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation.
