Profit warning shows remodeled Fiat faces rocky road
MILAN/DETROIT (Reuters) – Fiat has cut its 2014 profit forecast following a slump in Latin American sales, underscoring the task the carmaker faces as it completes a merger with U.S. arm Chrysler and shifts its center of gravity away from Italy.
Ex-AIG CEO loses appeal of bailout lawsuit vs N.Y. Fed
NEW YORK (Reuters) – A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at th…
Exclusive: Google close to settling EU antitrust probe – sources
BRUSSELS (Reuters) – Google is close to settling a three-year European antitrust probe with “much better” concessions to allay concerns over blocking rivals such as Microsoft from internet search results, two sources said on Wednesday.
Daimler executive’s exit suggests CEO may stay on: analysts
FRANKFURT (Reuters) – Daimler’s chief executive may have his contract extended beyond 2016 on the back of last year’s recovery, analysts and executives said on Wednesday after the surprise departure of a Mercedes executive who was tipped for the top.
Chrysler Group sees 11 percent rise in 2014 revenue to $80 billion
DETROIT (Reuters) – Chrysler Group LLC, which is owned by Fiat SpA , on Wednesday said its revenue would rise 11 percent to about $80 billion in 2014.
Chrysler CEO seeks U.S. listing for merged group as of October 1
MILAN (Reuters) – The CEO of Fiat-Chrysler said on Wednesday he would like to complete the listing of the newly merged Fiat Chrysler Automobiles in the United States as of October 1, but acknowledged it may be tough to do so.
Canon appoints first outside directors after years of resistance
TOKYO (Reuters) – Canon Inc has appointed its first outside directors, ending years of high-profile resistance to opening up its boardroom as pressure mounts on Japan’s big companies to improve governance and better manage risks.
Fannie Mae to sell $500 million in bills on Wednesday
(Reuters) – Fannie Mae , the largest U.S. home funding source, said on Wednesday it plans to sell $500 million of benchmark bills on Wednesday.
Turkish lira back on the rack as Fed keeps markets on edge
LONDON (Reuters) – Turkey’s lira and other emerging market currencies were back under pressure on Wednesday as expectations the Federal Reserve will press on with stimulus cuts later in the day reheated doubts over developing markets’ appeal for invest…
Fiat cuts 2014 profit forecast, hit by Latin America
MILAN/DETROIT (Reuters) – Italian automaker Fiat has cut its 2014 profit guidance just after taking full control of U.S. unit Chrysler, as a cooling of its large Latin American market eroded earnings.
