Italy-made Jeep true test of Fiat-Chrysler’s global ambitions
GENEVA (Reuters) – The Jeep Renegade, which debuted at the Geneva auto show on Tuesday, will be the first true test of the recent marriage between Italian carmaker Fiat and its U.S. unit Chrysler, meant to allow both to share technology, cash and deale…
Madoff aides used ‘avalanche of lies’ to hide fraud: prosecutor
NEW YORK (Reuters) – Five former aides of infamous swindler Bernard Madoff used an “avalanche of lies” to help him carry out his decades-long Ponzi scheme, each with a specific role to ensure that investors, auditors and regulators were kept in the dar…
U.S. payrolls improvement eyed, but weather still a drag
WASHINGTON (Reuters) – U.S. job growth likely picked up enough in February to encourage the Federal Reserve to continue to scale back its monetary stimulus, although the gain is likely to be tepid given the unrelentingly harsh winter weather.
Exclusive: Mercedes, Infiniti to pool small cars, plant – sources
GENEVA (Reuters) – Daimler’s Mercedes and Nissan’s Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker’s North American production and broaden the Infiniti lineup, people familiar with the matter said.
U.S. justices extend employee whistleblower protections
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday said whistleblower protections apply not just to publicly traded companies but also to subcontractors that do business with them.
GM CEO said ignition-switch recall will take time to play out
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said the No. 1 U.S. automaker was sorry for the recent recall of an ignition-switch linked to 13 deaths, and said the process would take time to play out but the company would work to ens…
Caterpillar CEO ‘guardedly optimistic’ about global economy
(Reuters) – Caterpillar Inc’s chief executive said on Tuesday several of the company’s biggest markets, including China and North America, were strengthening modestly, but he warned that the global economy was largely fragile and sensitive to unexpecte…
Itaú-CorpBanca merger plan draws fire from U.S. investor
SAO PAULO/NEW YORK (Reuters) – An activist U.S. investor has asked Chilean bank CorpBanca SA to reconsider its approval of a merger with Brazil’s Itaú Unibanco Holding SA and to launch a new auction, alleging CorpBanca had sold its minority investors short while benefiting its key shareholder.
Banks, funds line up for landmark Spanish property sale: sources
FRANKFURT/MADRID (Reuters) – Banks such as Deutsche Bank and JPMorgan are teaming up with international funds to bid for a multi-billion-euro portfolio of Spanish property loans as the country’s real estate market thaws, sources close to the process sa…
U.S. appeals court says BP bound by Gulf spill accord
(Reuters) – A divided U.S. appeals court has rejected BP Plc’s bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.
