Jobless drop forces Fed’s hand on forward guidance: Lockhart
ATLANTA (Reuters) – The Federal Reserve should clarify its future plans for raising interest rates now that U.S. unemployment has dropped to 6.7 percent, close to the central bank’s stated threshold of 6.5 percent for considering tighter policy, a top …
Marchionne to stay as Fiat-Chrysler CEO until at least 2017
DETROIT/MILAN (Reuters) – Sergio Marchionne has pledged to stay on as chief executive of Fiat-Chrysler for at least three years to see through the full merger of the Italian carmaker and its U.S. business, and a new strategy to turn around its loss-mak…
Daimler CEO: Company may hit targeted savings before deadline
DETROIT (Reuters) – The top executive at Daimler AG said on Monday the German automaker was likely to achieve its cost-savings target earlier than expected – and he declined to rule out the possibility the savings might exceed the company’s goals.
Federal judge overseeing Madoff liquidation dies
(Reuters) – The federal bankruptcy judge presiding over the liquidation of assets related to Bernard Madoff’s Ponzi scheme has died, a clerk to the U.S. Bankruptcy Court in New York said on Monday.
Marchionne: top-selling U.S. Fiat dealers to get first batch of Alfas
DETROIT (Reuters) – The head of Fiat SpA said on Monday that the company’s top-performing U.S. dealers will get the first tranche of Alfa Romeo vehicles when the sporty Italian brand is reintroduced to the U.S. market this spring.
U.S. money funds put $72 billion into Fed’s reverse repos: J.P. Morgan
NEW YORK (Reuters) – U.S. prime money market funds parked $72 billion with the Federal Reserve in December as the central bank ramped up its testing of a program aimed to help the central bank achieve its targeted interest rate when it eventually begin…
Nissan sees Sentra demand delivering U.S. market gains
DETROIT (Reuters) – Nissan Motor Co Ltd expects to outpace overall growth in the U.S. automobile market, which it sees rising by 1 percent at most in 2014, as the Japanese automaker meets pent-up demand for the Sentra, Nissan’s chief planning officer s…
ECB’s Mersch says recovery on wobbly legs
FRANKFURT (Reuters) – The euro zone economic recovery is still very tentative and fragile and is Europe’s number one challenge for 2014, European Central Bank Executive Board member Yves Mersch said on Monday.
Volvo Cars returns to profit, aims for faster U.S. growth than market
STOCKHOLM (Reuters) – Chinese-owned Swedish carmaker Volvo Car Group has returned to profit and is aiming for a bigger share of the market in the United States, its biggest market, in 2014.
Monte Paschi’s top managers seen staying despite cash call delay
LONDON/MILAN (Reuters) – The top managers at Italy’s Monte dei Paschi di Siena are not expected to go through with threats to resign at a board meeting on Tuesday despite being forced to delay a vital fundraising, investment bankers close to the matter…
