UAW chief says VW vote tainted by outside ‘threats’
OAKLAND, Calif./WASHINGTON (Reuters) – The head of the United Automobile Workers said on Monday the union’s appeal of a failed organizing vote at a Volkswagen plant in Tennessee will focus on the actions of outsiders, not VW — in a clear reference to …
Harsh weather tests optimism over U.S. economy
WASHINGTON (Reuters) – Unusually cold weather will take a bite out of U.S. economic growth this quarter, but a rebound seems likely on the horizon and expectations for stronger growth this year have not changed.
Second Madoff aide testifies at trial, denies knowledge of fraud
NEW YORK (Reuters) – Longtime Bernard Madoff assistant Annette Bongiorno on Monday testified that she had no idea her boss was operating a vast Ponzi scheme, despite the decades she spent helping run the trading business where it originated.
S&P 500 ends less than 1 point below record closing high
NEW YORK (Reuters) – U.S. stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers’ shares and optimism about merger activity.
Deutsche Bank to pay $20 million to settle Brazil charges
SAO PAULO (Reuters) – Deutsche Bank AG agreed on Monday to pay $20 million to settle charges in Brazil that Europe’s largest investment bank by revenue helped manage funds embezzled by former city of São Paulo officials in the 1990s, a prosecutor said on Monday.
UAW appeal in VW vote to center on outsiders
(Reuters) – The head of the United Automobile Workers said on Monday that the union’s appeal of a failed organizing effort at a Volkswagen plant in Chattanooga, Tennessee, will focus on the actions of outside parties, not the German automaker itself.
GE will increase energy spending to aid drilling boom, Immelt says
(Reuters) – General Electric Co plans to intensify research focusing on complex energy projects such as waterless fracking and gas turbine efficiency by earmarking an additional $10 billion through 2020 for its “ecoimagination” budget.
AT&T speaking to Netflix about deal for faster speeds
(Reuters) – AT&T Inc said it is talks with Netflix about a possible agreement to improve performance for broadband customers who use the streaming video service.
Senate committee sets date for Comcast, Time Warner Cable hearing
WASHINGTON (Reuters) – The Senate Judiciary Committee plans to hold a hearing on March 26 to examine how the proposed merger of Comcast Corp and Time Warner Cable Inc would affect consumers, the committee’s chairman said on Monday.
Men’s Wearhouse keeps up chase for Jos. A. Bank with higher offer
(Reuters) – Men’s Wearhouse Inc pressed on with its bid for Jos. A. Bank Clothiers Inc , boosting its offer by more than 10 percent in spite of the smaller company’s effort to stay independent by buying outdoor clothing retailer Eddie Bauer.
