Chrysler recalls 18,092 Fiat 500L cars for transmission issue
DETROIT (Reuters) – Chrysler Group is recalling 18,092 Fiat 500L cars in the United States because drivers may not be able to shift out of park, according to documents filed with U.S. safety regulators.
Growth in compensation for U.S. CEOs may have slowed
BOSTON (Reuters) – Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an early review of annual regulatory f…
Activist investors bump into each other in campaigns
NEW YORK, March 17 (Reuters) – When Barington Capital Group in October reported a stake of more than 2 percent in Darden Restaurants Inc with a vow to shake up the company, another investment firm was caught off guard.
Renault and Nissan name management team to step up integration
PARIS/TOKYO (Reuters) – Renault and Japanese alliance partner Nissan unveiled their boldest steps yet to combine key operations and pursue economies of scale to rival auto giants like Volkswagen .
China’s yuan dips in widened band, but scope for big swings seen limited
SHANGHAI/HONG KONG (Reuters) – China’s yuan eased against the dollar on Monday after the central bank doubled the currency’s daily trading band as part of its commitment to let markets play a greater role in the economy.
Stocks near one-month low as western sanctions on Russia loom
LONDON (Reuters) – World stocks traded near a one-month low on Monday and the dollar and German bonds held firm as investors worried about the economic impact of possible western sanctions on Moscow after Crimea voted to separate from Ukraine.
Toyota suspends India production as pay dispute drags
TOKYO (Reuters) – Toyota Motor Corp’s Indian unit has temporarily closed its two plants where some workers had stopped production lines to protest a delay in salary hikes after 10 months of negotiations.
As giant U.S. IPO nears, Alibaba’s China e-commerce crown slips
SHANGHAI (Reuters) – Alibaba’s dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 bil…
Damage control at Pimco after Gross, El-Erian clash
NEW YORK (Reuters) – In mid-February, a group of current and former Pimco employees were invited to a private farewell party for Mohamed El-Erian on March 10, to mark his impending departure as chief executive of the world’s largest bond fund.
Vodafone to buy Spain’s Ono for $10.03 billion: source
(Reuters) – Britain’s Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters.
