U.S. regulators probe 37,656 Nissan minivans for fuel gauge issue
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into an estimated 37,656 Nissan Quest minivans after receiving complaints about stalling due to inaccurate fuel gauges.
Dutch head of KPMG resigns amid criminal investigation
AMSTERDAM (Reuters) – The head of KPMG in the Netherlands resigned on Monday, the accounting firm said in a statement, less than a month after authorities launched a criminal investigation into alleged tax fraud at its joint venture to develop a new Du…
AIG narrows CEO search to two internal candidates: WSJ
(Reuters) – American International Group Inc’s search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter.
UniCredit swings back to profit, bad loans fall
MILAN (Reuters) – UniCredit , Italy’s biggest bank by assets, returned to profit in the first quarter of 2014 thanks to lower loan loss charges after last year’s massive balance-sheet clean up, it said on Monday.
No end in sight for Deutsche Bank Libor probe: sources
FRANKFURT (Reuters) – There is no end in sight to investigations into the Libor benchmark rate scandal at Deutsche Bank, two sources familiar with the probe said on Monday, rejecting a report saying senior managers had received an “all-clear” signal.
Apple tries to lift online sales by cutting refund times in half
SAN FRANCISCO (Reuters) – Apple Inc has cut in half the time it takes to give refunds to online store customers who want to return their iPhones and other gadgets, a small but crucial step to try to get more people to buy direct from its website.
Pfizer defends ‘powerhouse’ Astra deal as CEO braces for grilling
LONDON (Reuters) – Pfizer defended the business case behind its plan to acquire AstraZeneca on Monday and questioned the UK drugmaker’s ability to stand alone for much longer as the New York-based group’s CEO prepared for a grilling from British lawmak…
GE oil chief sees more growth despite Alstom deal
NEW YORK (Reuters) – General Electric Co’s $16.9 billion bid for Alstom SA’s power business will do little to slow down GE’s oil and gas division, according to the head of the unit, even though such a transaction could preclude any more big deals by th…
Credit Suisse, BNP ask U.S. authorities for leniency in probes: NYT
(Reuters) – BNP Paribas and Credit Suisse Group have appealed to U.S. authorities to allow their local subsidiaries, rather than the parent companies, to plead guilty to criminal charges they face in the United States, the New York Times reported, citi…
Shares cautious on Ukraine anxiety; China, India lead gains
LONDON (Reuters) – Shares advanced cautiously on Monday as investors braced for a possible escalation in Ukraine’s civil conflict after anti-Kiev rebels declared victory in a referendum on self-rule.
