Honda recalls nearly 900,000 Odyssey vans in U.S. for fire risk
DETROIT (Reuters) – Honda Motor Co is recalling nearly 900,000 Odyssey minivans that could catch fire, the U.S. National Highway Traffic Safety Administration said in a recall notice posted on Friday.
New York takes London’s crown as top financial center: survey
LONDON (Reuters) – New York has knocked London from its position as the world’s leading global financial center after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen.
Credit Suisse’s German offices searched in insider trading probe
FRANKFURT (Reuters) – Credit Suisse’s headquarters in Germany was one of the offices raided by German authorities last month as part of an investigation into insider trading, a spokeswoman for the state prosecutor’s office in Stuttgart said.
Dubai’s Emaar plans $2.5 billion listing of shopping mall unit
DUBAI (Reuters) – Dubai’s Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise 8 to 9 billion dirhams ($2.18-$2.45 billion), making it one of the region’s largest equity offers…
U.S. class action over bitcoin losses names Mizuho as defendant
(Reuters) – One of Japan’s largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers’ digital currency.
Pimco CEO Hodge says El-Erian’s departure caught all by surprise: paper
FRANKFURT (Reuters) – Pimco Chief Executive Douglas Hodge said the resignation of his predecessor Mohamed El-Erian caught everybody by surprise but an internal succession plan enabled the bond fund manager to distribute his tasks swiftly.
India’s Maruti Sukuzi to seek minority shareholder nod for plant
MUMBAI (Reuters) – Maruti Suzuki India said on Saturday it will seek minority shareholder approval for a plan to outsource production at a new factory to its largest shareholder, Suzuki Motor , after its leading investors opposed the move.
Fed nominee Fischer: policy decisions are best made early
PALO ALTO, California (Reuters) – Stanley Fischer, U.S. President Barack Obama’s pick for the No. 2 job at the Federal Reserve, said on Friday that decades of crisis-fighting have taught him the importance of making policy decisions quickly, even befor…
Lawsuit kicks off class action claims against GM
NEW YORK (Reuters) – General Motors was hit on Friday with what appeared to be the first lawsuit related to the recall of 1.6 million cars, as customers claimed their vehicles lost value because of ignition problems blamed for a series of fatal crashes…
Sears’ board approves spinning off Lands’ End clothing business
(Reuters) – Eddie Lampert-controlled Sears Holdings Corp said on Friday its board approved the spin off on April 4 of its Lands’ End clothing business.
