Federal prosecutors open criminal probe of GM recall: source
NEW YORK/WASHINGTON/DETROIT (Reuters) – Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, acco…
Profit-taking drags Wall Street lower
NEW YORK (Reuters) – U.S. stocks fell on Tuesday, with selling picking up late in the session, as investors cashed in some of the recent market gains, but the S&P 500 finished less than 1 percent away from a record high set last week.
Anti-union workers win voice in UAW fight at Tennessee VW plant
(Reuters) – Anti-union Volkswagen workers will get a chance to defend the results of a mid-February union election that the United Auto Workers lost at a Chattanooga, Tennessee VW plant, the U.S. National Labor Relations Board has decided.
Ackman accuses Herbalife of breaking laws in China
BOSTON (Reuters) – Billionaire investor William Ackman renewed his attack on Herbalife on Tuesday, saying he has evidence showing the nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market.
Media executives question Comcast-Time Warner Cable deal
(Reuters) – One of the top executives of Twenty-First Century Fox Inc has raised questions about Comcast’s potential dominance of the U.S. broadband Internet market if regulators allow its $45.2 billion merger with Time Warner Cable to be completed.
Men’s Wearhouse stitches up deal to buy Jos. A. Bank
(Reuters) – Men’s Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival.
Federal prosecutors open criminal probe of GM recall: source
NEW YORK/WASHINGTON/DETROIT (Reuters) – Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, acco…
Exclusive: China central bank ready to cut bank reserves if growth falters – sources
BEIJING (Reuters) – China’s central bank is prepared to take its strongest action since 2012 to loosen monetary policy if economic growth slows further, by cutting the amount of cash that banks must keep as reserves, sources involved in internal policy…
U.S. judge freezes assets of Mt. Gox bitcoin exchange boss
(Reuters) – A U.S. federal judge on Tuesday temporarily froze the U.S. assets of Mt. Gox chief Mark Karpeles and allowed alleged victims of the shuttered bitcoin exchange to demand evidence of what they claim is a massive fraud.
Beware Bitcoin: U.S. brokerage regulator
(Reuters) – Bitcoin can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to the virtual currency’s significant risks, a brokerage industry watchdog warned on Tuesday.
