Ford recalling 46,000 Edge SUVs over fuel leak
DETROIT (Reuters) – Ford Motor Co is recalling about 46,000 Edge SUVs from the 2012 and 2013 model years on a fuel system leak that could lead to a fire, the company and U.S. regulators said.
J&J to sell slow-growing diagnostics unit to Carlyle
(Reuters) – Johnson & Johnson said it would sell its ortho clinical diagnostics unit to private equity firm Carlyle Group for $4.15 billion, shedding a slow-growing business to focus on more lucrative products.
Euro zone inflation slows in December on one-off effect in Germany
BRUSSELS (Reuters) – Euro zone inflation slowed in December, the European Union’s statistics office confirmed on Thursday, in what the European Central Bank attributed last week to a one-off change in the method of calculating price growth in Germany.
No reason for ‘irrational inflationary fears’ – ECB’s Weidmann
BERLIN (Reuters) – The president of Germany’s Bundesbank said on Thursday there was no reason for “irrational inflationary fears” and dismissed suggestions of a danger of the euro zone falling into deflation, echoing the European Central Bank’s outlook…
Consumer prices post largest gain in six months
WASHINGTON (Reuters) – U.S. consumer prices recorded their largest increase in six months in December as gasoline prices rebounded, but there was little to suggest a broader pick-up in prices with underlying inflation muted.
Exclusive: Dubai Group signs $10 bln debt restructuring deal – sources
DUBAI (Reuters) – Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate’s 2009 financial crisis.
UnitedHealth says quarterly profit rose, sees 2014 growth
(Reuters) – UnitedHealth Group Inc, the largest U.S. health insurer, on Thursday reported a higher fourth-quarter profit and the addition of 170,000 members, and said 2014 earnings would improve as well.
Microsoft considers Ericsson CEO for top job: report
SAN FRANCISCO/STOCKHOLM (Reuters) – Microsoft Corp is considering Ericsson Chief Executive Hans Vestberg as a possible successor to outgoing CEO Steve Ballmer, Bloomberg reported, citing sources briefed on the software giant’s executive search.
New Saudi airline in $2 billion deal for Bombardier planes
MANAMA (Reuters) – Saudi Gulf Airlines, a new carrier born of the deregulation of Saudi Arabia’s aviation market, has signed a $2 billion deal with Canada’s Bombardier Inc to buy 16 CSeries jets with options for 10 more, the airline’s owner said on Thu…
Luxury in China loses luster as wealthy flee
HONG KONG (Reuters) – Wealthy Chinese are likely to buy fewer luxury goods again this year after the steepest cut-back on spending in at least five years, changing the game for high-end retailers like Louis Vuitton which have staked their growth on Chi…
