Conference hopes to put Miami on America’s tech startup map
MIAMI (Reuters) – Silicon Valley need have no fear, but look out for the latest upstart to enter the tech arena: Miami.
Long bond price rises as traders await Yellen
NEW YORK (Reuters) – The 30-year bond and other long-maturity U.S. Treasuries rose on Tuesday in thin, meandering trade ahead of potentially market-moving congressional testimony by Federal Reserve Chair Janet Yellen.
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 car making powerhouse within five years.
Bayer wins Merck & Co’s $14 billion consumer unit auction
FRANKFURT (Reuters) – Germany’s Bayer AG has trumped rival bidders for Merck & Co Inc’s consumer care business in a $14.2 billion deal, adding to a string of major cross-border deals in the healthcare industry.
AstraZeneca fights Pfizer bid by predicting sales surge – eventually
LONDON (Reuters) – AstraZeneca Plc laid out its defense against Pfizer Inc’s $106-billion takeover approach on Tuesday by predicting its sales would rise by three quarters over the next decade, although only after a short-term drop.
GM’s defective switch also caused no-start condition in some Saturns
DETROIT (Reuters) – General Motors Co’s defective ignition switch that has been linked to at least 13 deaths also was the subject of an unrelated 2006 technical service bulletin to U.S. dealers related to the inability of some Saturn Ion owners to star…
U.S. trade gap narrows, but not enough to help GDP
WASHINGTON (Reuters) – The U.S. trade deficit narrowed in March as exports rebounded, but the improvement was probably not enough to prevent the government from revising down its estimate of first-quarter growth to show a contraction.
Office Depot to close 400 U.S. stores, shares jump
(Reuters) – Office Depot Inc said it would close at least 400 stores in the United States over two years as it looks to consolidate operations after acquiring OfficeMax, and the company raised its forecast for full-year adjusted operating income.
France, Germany press on with trading tax but plans still vague
BRUSSELS (Reuters) – France and Germany led a group of countries on Tuesday in calling for a tax on financial trading, but their failure to agree central elements of the plan means it will fall far short of its original ambitions.
GM recalls 59,628 Saturn Aura cars for transmission cable issue
DETROIT (Reuters) – General Motors Co is recalling 59,628 Saturn Aura mid-sized cars in the United States and Canada because the automatic transmission shifters may fail, according to documents filed with U.S. safety regulators.
