Toyota recalling more than 400,000 vehicles in Saudi Arabia
(Reuters) – Toyota Motor Corp is recalling more than 400,000 vehicles in Saudi Arabia that were produced from 2006 to 2010 due to concerns about unintended acceleration, the company and Saudi Arabia’s trade ministry said.
Tension rises ahead of Monte Paschi meeting on cash call
SIENA, Italy (Reuters) – Tensions at troubled Monte dei Paschi di Siena grew on Friday with sources saying Chairman Alessandro Profumo may quit if the Italian bank’s top investor slaps him on the face by delaying a vital 3 billion euro ($4.11 billion) …
U.S. 10-year yield at two-year high, stocks rally
NEW YORK/PARIS (Reuters) – U.S. benchmark government bond yields rose above 3 percent, hitting a two-and-a-half year high on Friday, while major global equity markets extended gains to a seventh day in a broad year-end surge.
U.S. economic growth gauge strengthens slightly: ECRI
NEW YORK (Reuters) – A measure of future U.S. economic growth increased last week while the annualized growth rate slowed, a research group said on Friday.
March of state companies resets global trading patterns
LONDON (Reuters) – As U.S. and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an attempt to exert greater control over the pricing of the raw materials on which their economies so heavily depe…
Rosneft to focus on Morgan Stanley deal completion, not more buys
MOSCOW (Reuters) – Rosneft said on Friday it will focus on integrating Morgan Stanley’s oil trading unit it agreed to buy last week rather than making new acquisitions.
Discounts, promotions spur sales in U.S. holiday season
(Reuters) – Sales during the 2013 U.S. holiday season grew from a year earlier as deep discounting and increased promotions encouraged consumers to buy more.
Audi boosts investments through 2018
FRANKFURT (Reuters) – Germany’s Audi said it would invest about 22 billion euros (£18.25 billion) in new models, plants and technology in the five years through 2018.
Textron to buy Beechcraft for $1.4 billion
(Reuters) – Textron Inc , maker of Cessna planes, said it will buy aircraft maker Beechcraft Corp for about $1.4 billion in cash, in a deal that sees Textron expand its aviation business.
UPS glitches could boost U.S. delivery competition
NEW YORK (Reuters) – UPS scrambled on Thursday to deliver packages that had failed to arrive in time for Christmas as the No. 1 U.S. ground delivery service sought to limit the fallout from the delays.
