GM recalling 500 large trucks, SUVs because air bags may not work
DETROIT (Reuters) – General Motors Co said Friday it is recalling 500 large trucks and SUVs because air bags may not deploy.
Apple, Google, Intel, Adobe to pay $325 million to settle hiring lawsuit
(Reuters) – Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees who accused them of limiting competition by colluding not to poach each other’s talent.
Stock funds worldwide post $7 billion outflows over week: BofA
NEW YORK (Reuters) – Fund investors worldwide pulled $7 billion out of stock funds in the week ended May 21 on weak U.S. economic data and disappointing corporate results, data from a Bank of America Merrill Lynch Global Research report showed on Frida…
Toyota recalls 50,220 SUVs for seat belt problem
DETROIT (Reuters) – Toyota Motor Corp is recalling an estimated 50,220 Highlander sport utility vehicles globally, most in the United States, for a software problem that could result in the front passenger seat belt not working properly.
GM sales appear resilient amid recalls, dealers optimistic
CHICAGO (Reuters) – In the midst of an historic run of recalls, including over one defect linked to at least 13 deaths, General Motors Co sales are showing resilience.
Barclays slapped with $44 million fine over gold price fix
LONDON (Reuters) – Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2…
USDA warns of sticker shock on U.S. beef as grilling season starts
WASHINGTON (Reuters) – The Department of Agriculture has warned of sticker shock facing home chefs on the eve of the Memorial Day holiday weekend, the unofficial start of the U.S. summer grilling season.
Valeant must up Allergan bid to $180-$200/share: JPMorgan survey
(Reuters) – When Valeant Pharmaceuticals International Inc raises its offer for Allergan Inc next week as it has indicated it will, it needs to hit the range of $180 to $200 per share, according to a JPMorgan survey of investors.
Exclusive: Airbus may cut more defense jobs in German export row
BERLIN (Reuters) – Germany faces defense industry job cuts beyond those already planned and could even see factories closed or moved abroad if the government insists on toughening restrictions on arms exports, the head of Airbus Group told Reuters.
Visa, Mastercard vow to stay as Russia softens tone on rules
ST PETERSBURG/MOSCOW (Reuters) – The world’s two largest credit and debit card companies Visa Inc and Mastercard Inc pledged on Friday to stay in Russia after officials showed a willingness to relax laws that hinder their operations in the country.
