Credit Suisse’s Verde sticks with bet against Brazilian real
SAO PAULO (Reuters) – Money managers at Credit Suisse Group’s CSHG Verde FIC FIM, the largest Brazilian hedge fund, said on Monday they were sticking with their bet on a decline in Brazil’s currency, as concerns grow over the sustainability of public f…
GM ignition-switch recall poses first big test for new CEO
DETROIT (Reuters) – In her first big test as General Motors Co’s chief executive, Mary Barra has taken a hands-on approach behind the scenes in directing the automaker’s response to ignition-switch problems that have been linked to 13 deaths.
Honda Motor setting up separate Honda, Acura units in U.S.
DETROIT (Reuters) – Honda Motor Co Ltd said Monday it is setting up separate Honda and Acura divisions in the United States, with dedicated sales and marketing teams for each brand.
U.S. Justice Department, American Airlines dispute value of slots
WASHINGTON (Reuters) – The U.S. Justice Department said on Monday that American Airlines Group made $425 million by selling takeoff and landing slots at two busy East Coast airports, as required to win approval for the merger that set up the company.
Lautenschlaeger says ECB still has room to act: WSJ
FRANKFURT (Reuters) – The European Central Bank has not run out of options yet and will take action if necessary, ECB Executive Board member Sabine Lautenschlaeger told the Wall Street Journal.
Evans says flatly: Fed will keep trimming bond purchases
COLUMBUS, Georgia (Reuters) – The Federal Reserve will continue to trim its monthly asset purchases at a $10 billion pace, an influential Fed official said on Monday as he also detailed how the U.S. central bank might rewrite its plan for keeping inter…
Boeing’s Muilenburg says confident about $25 billion in deferred 787 costs
NEW YORK (Reuters) – Boeing Co Chief Operating Officer Dennis Muilenburg said on Monday that the company remains very confident about its estimated $25 billion in deferred costs for its 787 Dreamliner.
BMW says demand for i8 hybrid outstrips initial production run
FRANKFURT (Reuters) – Germany’s BMW said it saw strong demand for the i8 hybrid sportscar which will go into series production in April and start customer deliveries in June.
Pizza chain Sbarro files for bankruptcy protection
NEW YORK (Reuters) – Pizza chain Sbarro LLC has filed for bankruptcy protection for the second time in three years after struggling with too much debt and fewer customers in malls that house many of its restaurants.
Boeing starts streamlining effort for military aircraft unit
NEW YORK (Reuters) – Boeing Co said on Monday it was launching a “business optimization” effort for its military aircraft division, according to an internal memo seen by Reuters and confirmed by the company.
