ECB’s Draghi wins new central bank governor’s award
LONDON (Reuters) – European Central Bank Governor Mario Draghi has won the inaugural Governor of the Year award for 2014 from specialist publication Central Banking, the London-based media group said on Monday.
Etihad chief says will not be rushed on Alitalia decision
BERLIN (Reuters) – Etihad will not be rushed into making a decision over an investment in struggling Italian airline Alitalia , the chief executive of the Abu Dhabi-based airline said on Monday.
Analysis: High-priced index funds? The worst deal for investors
NEW YORK (Reuters) – When Vanguard founder Jack Bogle created the first index fund in 1974, the idea was to offer investors a cheap way to buy the performance of a broad market. That idea has caught on, especially recently: In 2013, everyone from 401(k…
With data vulnerable, retailers look for tougher security
BOSTON/NEW YORK (Reuters) – A top retail trade group executive on Sunday called for tougher security standards that could mean more spending for the industry, its banks and business partners after a series of data breaches at major merchants.
BMW keeps luxury sales crown as Audi, Mercedes catch up
BERLIN (Reuters) – BMW posted the smallest gain in December sales of Germany’s top three premium-car brands as the battle with Audi and Mercedes-Benz for the luxury-sales crown is heating up.
Bavaria considers financial backing for insolvent Weltbild bookseller
FRANKFURT (Reuters) – The German state of Bavaria may offer insolvent bookseller Weltbild financial backing to try to avert thousands of job losses, a newspaper cited Bavarian state premier Horst Seehofer as saying.
Fonterra recalls cream after E.Coli contamination
WELLINGTON/SYDNEY (Reuters) – New Zealand’s Fonterra said on Monday it was recalling products distributed in the country that had been contaminated with the E.Coli bacteria in the second food-safety scare faced by the company in less than six months.
New Acer CEO disappoints with lack of detail on future plans
TAIPEI (Reuters) – Investors looking for specifics as to the future of Acer Inc, the world’s No.4 PC vendor, came away disappointed when the new CEO spent more time delivering a history of the company’s past mistakes than on where it was headed.
Global stocks rise, dollar falls as Fed rate path reassessed
LONDON (Reuters) – World stocks rose towards a six-year high on Monday and the dollar and bond yields slipped as last week’s weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.
Chrysler trumpets shared design with Fiat as Chrysler 200 debuts
DETROIT (Reuters) – The Chrysler 200 mid-sized sedan to be rolled out this week at the Detroit auto show will be the third model built on the same European-based vehicle architecture by Chrysler Group LLC, as the company moves forward with a design str…
