U.S. FAA downgrades India aviation rating; Air India, Jet hit
NEW DELHI (Reuters) – U.S. authorities have downgraded India’s aviation safety rating, citing a lack of safety oversight, meaning Indian carriers cannot increase flights to the United States and face extra checks for existing ones.
Exclusive: Obama considering Citi’s Sheets for senior Treasury post – sources
WASHINGTON (Reuters) – The Obama administration is considering nominating Citigroup economist Nathan Sheets to be the Treasury Department’s top official for international affairs, according to two sources familiar with the matter.
Keystone report raises pressure on Obama to approve pipeline
WASHINGTON (Reuters) – Pressure for President Barack Obama to approve the Keystone XL pipeline increased on Friday after a State Department report played down the impact it would have on climate change, irking environmentalists and delighting proponent…
Big chill gives Dow, S&P worst month since May 2012
NEW YORK (Reuters) – A selloff in emerging markets sent a cold chill down Wall Street, triggering a slide on Friday and making January its worst month since May 2012 after one of its best years in more than a decade.
Ackman’s Pershing Square trims holdings of Beam
BOSTON (Reuters) – Hedge fund manager William Ackman sold 7.3 million shares in Beam Inc this week, according to a regulatory filing on Friday, trimming his holdings three weeks after the share price spiked on news of a planned takeover by Japanese whiskey maker Suntory Beverage & Food Ltd
Chevron opts to keep massive budget in bid to boost output
(Reuters) – Chevron Corp plans to keep spending roughly $40 billion per year for the next several years on new oil and natural gas projects in a bid to lift production that is on track to be flat for the third straight year.
Fiat to present small Jeep SUV in March, 500X in October: union
MILAN (Reuters) – Italian carmaker Fiat will present a Jeep-branded small sports utility vehicle (SUV) at the Geneva car show in March while its 500X crossover vehicle will be presented at the Paris show in October, an Italian trade union official said…
Fed draws criticism from abroad as emerging markets still reeling
MUMBAI/NEW YORK (Reuters) – The Federal Reserve’s decision to keep trimming its economic stimulus drew fire on Friday as India’s central bank chief said Americans should be more attuned to the global impact of their policies, and the IMF called for vig…
Court approves Bank of America’s $8.5 billion mortgage settlement
NEW YORK (Reuters) – A New York state judge on Friday approved Bank of America Corp’s $8.5 billion settlement with investors in mortgage securities, which would resolve much of the bank’s liability from its acquisition of Countrywide Financial Corp dur…
U.S. FAA downgrades India aviation rating; Air India, Jet hit
NEW DELHI (Reuters) – U.S. authorities have downgraded India’s aviation safety rating, citing a lack of safety oversight, meaning Indian carriers cannot increase flights to the United States and face extra checks for existing ones.
