China April data to show growth stabilizing, for now
BEIJING (Reuters) – Growth in China’s factory output and investment likely stabilized in April as the government uses targeted policy measures to underpin growth, while the pace of declines in exports and imports may have eased, a Reuters poll showed.
Fiat Chrysler bets on Jeep, Alfa revamp to go global
DETROIT (Reuters) – Fiat Chrysler will build Jeeps in China and Brazil and is expected to invest billions of euros to revamp its battered Alfa Romeo sports-car brand in a bid to convince investors it can turn the newly merged automaker into a thriving …
Barclays’ senior U.S. tech banker to leave for Evercore: FT
(Reuters) – British bank Barclays Plc’s senior technology banker in the United States will become the fifth top investment banker to leave the bank ahead of a strategic overhaul due this week, the Financial Times reported, citing people familiar with t…
Ford suspends vehicle assembly in Venezuela
CARACAS (Reuters) – U.S. automaker Ford has halted operations in Venezuela on Monday due to a lack of foreign currency to import parts for assembly, workers at its plant said.
Boeing, backers to fight for funding for 22 Boeing jets
ST. LOUIS (Reuters) – Boeing Co and its supporters on Monday vowed to fight for $2.1 billion in funding for 22 EA-18G electronic attack planes in fiscal 2015 to keep the plane’s St. Louis production line running past 2016 and preserve 60,000 jobs aroun…
Credit Suisse in talks to pay $1.6 billion to resolve U.S. tax probe: source
WASHINGTON (Reuters) – Credit Suisse Group AG is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank’s role in helping Americans evade U.S. taxes, a person familiar with the matter said on …
Wall St. ends up as ISM data upbeat; Apple above $600
NEW YORK (Reuters) – U.S. stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since late 2012.
Shareholder ends lawsuit against IBM over China risks, NSA scandal
NEW YORK (Reuters) – An IBM Corp shareholder has voluntarily ended a lawsuit accusing the company of concealing how its cooperation with a National Security Agency spying program cost it business in China and led to a nearly $13 billion plunge in the c…
Target’s decision to remove CEO rattles investors
(Reuters) – Target Corp’s decision to oust Gregg Steinhafel as chairman and chief executive some five months after a massive data breach has triggered concerns the No. 3 U.S. retailer might have even more bad news for investors.
AIG’s income from premiums fall, shares down
(Reuters) – American International Group Inc posted a 27 percent fall in quarterly income, hurt by a drop in earnings from premiums and higher disaster losses in its core property and casualty insurance business.
