Fiat Chrysler bets on Jeep, Alfa revamp to go global
DETROIT (Reuters) – Fiat Chrysler is betting on a breakneck expansion of its upmarket Alfa Romeo, Jeep and Maserati brands to transform itself into a global carmaking powerhouse within five years.
Germany’s Siemens presents long-awaited overhaul
BERLIN (Reuters) – German conglomerate Siemens unveiled a long awaited corporate overhaul on Tuesday under which the company will be restructured into nine divisions, its healthcare unit managed separately, and its hearing aids business publicly listed…
Exclusive: Congressional probe looks at Barra’s, GM executives’ links to switch
WASHINGTON (Reuters) – Congressional investigators are examining whether General Motors Co Chief Executive Mary Barra and other senior executives were more involved than they have publicly acknowledged as the automaker considered how to deal with a dea…
Asia banks turn to ‘diplomats’ as regulatory burden bites
SINGAPORE (Reuters) – Banks have a new buzzword to describe their strategy in Asia: diplomacy.
Target’s interim CEO does not want job permanently
BOSTON (Reuters) – Target Corp interim Chief Executive John Mulligan said he has no interest in becoming the company’s chief executive, though that will not undermine his ability to help the company recover from its massive data breach and missteps in …
Fiat Chrysler posts first-quarter net loss, trading profit stable
MILAN (Reuters) – Automaker Fiat Chrysler ended the first quarter of the year with a net loss, hit by one-off charges linked to a deal to fully acquire its U.S. operations and by currency fluctuations, the company said on Tuesday.
Wall St. falls in broad selloff; Twitter tumbles
NEW YORK (Reuters) – U.S. stocks fell broadly on Tuesday, closing at session lows, with AIG pulling financial shares lower after disappointing earnings and as a slide in Twitter took down other names in the technology and internet space.
DirecTV adds U.S. customers, shares rise
(Reuters) – DirecTV , the No. 1 U.S. satellite TV provider, reported a higher-than-expected quarterly profit on Tuesday and said Los Angeles customers were not canceling their subscriptions even though they are shut out from watching LA Dodgers’ baseba…
Exclusive: SEC probing brokerages over handling of retail orders – sources
(Reuters) – The Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers’ orders are routed, executed and filled, according to several people familiar with the…
UBS defeats shareholders’ U.S. appeal over mortgage losses, tax probe
NEW YORK (Reuters) – A federal appeals court in New York rejected appeals by UBS AG shareholders seeking to hold the Swiss bank liable for their losses for having concealed its exposure to risky mortgage-backed securities and helping clients evade U.S….
