GM names new vehicle safety chief after ignition-switch recall
DETROIT (Reuters) – General Motors Co on Tuesday named a new vehicle safety chief who will be responsible for heading off issues like the faulty ignition switches linked to 12 deaths and the recall of more than 1.6 million vehicles.
Weak U.S. inflation, housing data point to sluggish growth
WASHINGTON (Reuters) – U.S. inflation was muted in February and housing starts fell for a third straight month, giving the Federal Reserve plenty of room to keep interest rates low even as it scales back the amount of money it is pumping into the econo…
U.S. CEOs a bit more upbeat on economy; growth seen slow: survey
(Reuters) – U.S. chief executive officers are somewhat more positive about the economy, including plans for hiring and capital spending over the next six months, although they expect only tepid growth this year, according to a quarterly survey by the B…
Apple replaces iPad 2 with iPad 4, launches cheaper iPhone 5C
(Reuters) – Apple Inc said it would offer an iPad 4 tablet in place of the mid-range iPad 2 at the same price and the company launched a cheaper, lower capacity version of its plastic-backed iPhone 5C in Australia, China and some European countries.
SNB to keep franc cap, may never need to exit it at all
ZURICH (Reuters) – The Swiss National Bank is not expected to lift its lid on the Swiss franc until at least 2015, a Reuters poll showed on Tuesday, with some economists suggesting the central bank may never need to officially exit the currency cap at …
New York official seeks curbs on high-frequency traders
NEW YORK (Reuters) – New York’s attorney general urged U.S. stock exchanges and other venues on Tuesday to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the markets.
Alibaba to hold U.S. IPO kick off meeting on March 25
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd will hold the kickoff meeting for its planned U.S. initial public offering on March 25, setting in motion the most high-profile listing since Facebook Inc’s offering nearly two ye…
Greece, lenders clinch deal on new aid after ‘toughest’ review
ATHENS (Reuters) – Greece and its international lenders struck a deal to unlock the next tranche of loans under its rescue package on Tuesday, ending six months of negotiations that Athens called its “toughest” review since being bailed out.
Germany will support Portugal’s decision on bailout exit: Merkel
BERLIN (Reuters) – Germany will support Portugal in its forthcoming decision on how to exit its bailout program, Chancellor Angela Merkel said on Tuesday, adding that she expected a decision from Lisbon soon partly because confidence in the euro zone w…
GE’s credit card business faces two federal investigations
(Reuters) – Federal regulators are conducting two investigations into General Electric Co’s credit card business for potential violations of consumer finance laws, according to a regulatory filing related to the unit’s planned initial public offering.
