U.S. jobless claims drop, continuing claims lowest since 2007
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market.
China fines Johnson & Johnson and others for price fixing
BEIJING (Reuters) – Johnson & Johnson, Bausch & Lomb Inc and other major producers have been fined more than 19 million yuan ($3.04 million) for fixing prices in China’s eye glass and contact lens market, China’s top economic regulator said on Thursday.
Malaysia Muslim groups call for boycott of Cadbury, Mondelez foods after pork traces
KUALA LUMPUR (Reuters) – Muslim retail and consumer groups in Malaysia on Thursday called for a boycott of products made by Britain-based confectioner Cadbury and its parent Mondelez International Inc, after two chocolate varieties were found to have i…
Shares flirt with record highs on ECB easing bets
LONDON (Reuters) – Global shares flirted with an all-time peak on Thursday while German bond yields held at the lowest levels in a year on bets the European Central Bank would unveil new stimulus measures next week.
Asian shares at one-year high, bonds fly high on ECB hopes
TOKYO (Reuters) – Asian shares inched up to a one-year high on Thursday while global bond prices surged, pushing their yields to multi-month lows, supported by expectations of easier monetary policy from the European Central Bank.
GM engineer said he forgot change to switch in recalled cars: NYT
(Reuters) – A suspended General Motors Co engineer who worked on the defective ignition switch at the heart of a massive recall told congressional investigators that he had forgotten ordering a change to the switch, when he testified in a deposition last year, the New York Times reported.
Hyundai Motor unveils two sedans in South Korea to take on BMW, Audi
BUSAN South Korea (Reuters) – Hyundai Motor Co unveiled two new sedans built for its home South Korean market on Thursday, an unusual step designed to fend off surging imports from the likes of BMW and Audi.
Mercedes allows Chinese to peek under hood in Asia growth push
FRANKFURT (Reuters) – Battling to catch up with German rivals in China, luxury carmaker Daimler is shifting gears, giving local authorities unprecedented access to new Mercedes models and even tailoring engines destined for its home market to Chinese r…
Judge denies Wells Fargo’s bid to dismiss L.A. predatory lending suit
(Reuters) – Wells Fargo & Co lost its bid to dismiss a lawsuit filed by the city of Los Angeles, which accuses the bank of predatory lending practices that targeted minority borrowers and led to the loss of property tax revenue.
Boeing 787 receives U.S. approval for expanded flying
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration on Wednesday approved extended operations for Boeing’s 787 Dreamliner, a move that will allow a wider range of routes and that marks a vote of confidence in the high-tech jet at a time of …
