Dollar reserve role secure but set to shrink: BIS
BERLIN (Reuters) – The dollar’s share of central bank reserves may fall by as much as 10-15 percentage points in coming years without threatening its role as the world’s main reserve currency, a senior official from the Bank of International Settlement…
Exclusive: GM crash victims’ families who settled may revisit deals
(Reuters) – Two families who settled with General Motors Co over fatal crashes linked to faulty ignition switches are considering trying to overturn the agreements, after the company disclosed it had known about the issue for years.
GM expands ignition switch recall to 2.6 million cars
DETROIT (Reuters) – General Motors Co expanded its global recall of cars with defective ignition switches to 2.6 million on Friday, adding 971,000 later-model vehicles due to concerns over faulty replacement parts.
U.S. judge OKs class action in e-book suit against Apple
NEW YORK (Reuters) – A federal judge in New York granted class certification on Friday to a group of consumers who sued Apple Inc for conspiring with five major publishers to fix e-book prices in violation of antitrust law.
Citigroup hurt by negligent auditing on failed stress test: Financial Times
(Reuters) – Weaknesses in auditing led to Citigroup Inc failing the U.S. Federal Reserve capital assessments, fueling fears that there is negligence in controls at the U.S. bank, the Financial Times reported on Friday citing executives and others sourc…
U.S. judge rules banks must face lawsuit over alleged rate rigging
NEW YORK (Reuters) – A federal judge in Manhattan has ruled that a group of international banks must face complaints that they violated the U.S. Commodity Exchange Act by manipulating yen-denominated interest rate benchmarks between 2006 and 2010.
Apple, Google lose bid to avoid trial on tech worker lawsuit
SAN FRANCISCO (Reuters) – A U.S. judge on Friday rejected a request from Apple, Google and two other tech companies to avoid a trial in a class action lawsuit alleging a scheme to drive down wages.
Healthy job growth could calm stocks’ nerves
NEW YORK (Reuters) – If hiring picked up in March at a healthy pace, that could convince U.S. stock investors next week that the economy’s recent setbacks caused by the weather were only temporary.
Candy Crush brings IPO market back to earth
NEW YORK (Reuters) – In the weeks leading up to the IPO of King Digital Entertainment, the company’s bankers scrambled to persuade investors that the maker of popular online game “Candy Crush Saga” was more than a one-trick pony, according to a source …
Apple, Google lose bid to avoid trial on tech worker lawsuit
SAN FRANCISCO (Reuters) – A U.S. judge on Friday rejected a request from Apple, Google and two other tech companies to win judgment before trial in a class action lawsuit alleging a scheme to drive down wages among tech workers.
