GM adds 284,000 older cars as number of U.S. recalls this year hits 29
DETROIT/WASHINGTON (Reuters) – General Motors Co is recalling more than 284,000 older Chevrolet small cars in the United States and other markets because of a potential fire hazard, bringing U.S. recalls at the automaker this year to 29 and a record nu…
TV picture looks fuzzy for consumers in AT&T-DirecTV deal
(Reuters) – AT&T Inc’s planned takeover of DirecTV has been touted as a deal that will redefine video and broadband, but translating that to reality for a potential 70 million subscribers could take a while.
Boeing wants to be more like Apple, CEO McNerney says
SEATTLE (Reuters) – Boeing Co Chief Executive Jim McNerney said the company wanted to be more like Apple Inc in the way it innovates, rather than doing a “moon shot” development every 25 years.
McDonald’s workers protest low wages as shareholders weigh executive pay
(Reuters) – Hundreds of low-wage McDonald’s workers protested near the fast-food chain’s headquarters on Wednesday calling for a significant pay hike as shareholders prepare to weigh in on the company’s executive compensation.
GE CEO Immelt says still expects to close Alstom deal
(Reuters) – General Electric Co Chief Executive Jeff Immelt said on Wednesday that GE is still going to “work constructively” with the French government on its bid for the power business of Alstom and that he expects the deal to close.
BP to appeal Gulf oil spill payment ruling to U.S. Supreme Court
(Reuters) – BP Plc, seeking to limit costs related to the 2010 Gulf of Mexico oil spill, said it would ask the U.S. Supreme Court to review whether it must pay some businesses for economic damages without proof that the spill caused such losses.
Swiss pressure rises on Credit Suisse boss Dougan after U.S. deal
ZURICH (Reuters) – Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week’s $2.5 billion settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their as…
Fiat Chrysler CEO wants lower wage scale for all new U.S. hires
WASHINGTON (Reuters) – Fiat Chrysler Automobiles wants to eliminate the two-tier wage system that pays new U.S. automotive workers a lower rate than veterans by gradually phasing out the higher scale as older workers leave the company, Chief Executive …
Senate backs Fischer for Fed board
WASHINGTON (Reuters) – The U.S. Senate on Wednesday approved Stanley Fischer’s nomination to the Federal Reserve Board of Governors, adding a potentially influential voice to the developing debate over Fed policy in the post-crisis era.
U.S. may seek more than $5 billion in BNP settlement: Bloomberg
(Reuters) – U.S. authorities are seeking more than $5 billion from BNP Paribas SA to settle federal and state investigations into the French lender’s dealings with sanctioned countries, Bloomberg reported, citing a person familiar with the matter.
