Ford says January China auto sales up 53 percent year-on-year
SHANGHAI (Reuters) – Ford Motor Co and its Chinese joint ventures sold 94,466 vehicles in China in January, an increase of 53 pct from a year earlier, the U.S. automaker said on Wednesday.
Yellen stays the course, says Fed to keep trimming stimulus
WASHINGTON (Reuters) – Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus even thou…
Judge allows customers’ lawsuit against MF Global’s Corzine
NEW YORK (Reuters) – A federal judge on Tuesday allowed a lawsuit to move forward that seeks to hold former MF Global Holdings Ltd Chief Executive Officer Jon Corzine and other executives responsible for the brokerage’s collapse.
Bitcoin hit by denial of service attacks as regulators prepare clampdown
WASHINGTON/NEW YORK (Reuters) – Bitcoin is being hit by attacks from unknown computer hackers who are sending “mutated” lines of code into the program that runs the virtual currency, a spokeswoman from its main trade organization said in a statement on…
Unassuming aircraft a drawcard at Asia’s arms bazaar
SINGAPORE (Reuters) – The star attraction at Asia’s biggest arms and aerospace bazaar is an outwardly unassuming aircraft parked in a distant corner of the tarmac, past the sleek jet fighters and menacing attack helicopters.
UK F-35 order seen next month, U.S. orders seen down: sources
WASHINGTON (Reuters) – Britain is still expected to order 14 F-35 fighter jets built by Lockheed Martin Corp although the $5 billion deal may not be finalized until next month, several sources familiar with the matter said on Tuesday.
Icahn calls for return of Glass-Steagall: FOX Business
(Reuters) – Billionaire activist Carl Icahn, who has been making headlines with his epic battle with Apple Inc., might have another one on his hands – this time with his banker friends.
Fed’s Lacker calls for new laws to end too-big-to-fail threat
PALO ALTO, California (Reuters) – Calling too-big-to-fail banks “the most critical issue facing our financial system,” a top Federal Reserve official on Tuesday urged new laws to address the problem, including ending Fed emergency lending powers.
New York planning a reality check for virtual currencies
WASHINGTON/NEW YORK (Reuters) – New York’s financial regulator on Tuesday revealed new details on how the state plans to govern virtual currencies such as bitcoin, just as problems in the nascent market took a turn for the worse.
House approves ‘clean’ debt limit after Republicans drop demands
WASHINGTON (Reuters) – The House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama’s demands to allow a debt limit increase without any conditions.
