U.S. transportation chief pledges hard look at GM recall
WASHINGTON (Reuters) – U.S. Transportation Secretary Anthony Foxx on Thursday promised an “aggressive investigation” into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led t…
Exclusive: Carrefour seeks Brazil private stake sale; Diniz eyes deal
SAO PAULO (Reuters) – France’s Carrefour SA could raise as much as 5 billion reais ($2.1 billion) from the sale of a stake in its Brazilian unit, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund, a person with …
Red light in Brazil auto market raises risk of a pile-up
SAO PAULO (Reuters) – Growth in Brazil’s car market has screeched to a halt, but it is way too late for automakers to hit the brakes.
Deutsche adds to fears for slow start to year at investment banks
PARIS (Reuters) – Deutsche Bank said on Thursday it has had a “slow” start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.
EBay CEO sees Icahn getting louder, tells employees not to listen
SAN FRANCISCO (Reuters) – Carl Icahn’s campaign to convince eBay Inc to spin off its PayPal payments service will intensify in the run-up to eBay’s shareholders’ meeting in May, eBay’s chief executive said on Thursday, warning employees to ignore the “…
Exchange CEOs say they are on high alert over cyber security
BOCA RATON, Florida (Reuters) – Cyber security is emerging as one of the biggest threats for exchange operators as hackers become more sophisticated in their efforts to disrupt the global financial system, a group of exchange leaders told an industry c…
McDonald’s hit by worker lawsuits claiming it steals wages
(Reuters) – McDonald’s Corp workers in three U.S. states filed lawsuits this week against the fast-food chain, alleging it is stealing wages by forcing them to work off the clock, by cheating them out of overtime and by denying them rest breaks.
U.S. budget deficit smaller than expected in February
WASHINGTON (Reuters) – The U.S. government posted a smaller budget deficit than expected in February as receipts came in stronger than in the same period a year ago.
GE files to spin off credit card unit
(Reuters) – General Electric Co’s credit card unit filed for an initial public offering on Thursday, the first step in the conglomerate’s long-awaited plan to exit retail finance and reduce its dependence on its financing arm.
EU, U.S. to commit to remove all duties on bilateral trade: draft
BRUSSELS (Reuters) – U.S. President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at their summit on March 26, an ambitious step towards the world’s largest free-trade deal, according to a draft statement…
