GM to cut South Korean jobs as Chevy pullout looms in Europe
SEOUL (Reuters) – General Motors Co plans to slash its headcount in South Korea next year as it prepares to withdraw its Chevy brand in Europe, a major export market for South Korean-made cars.
Insight: U.S. asks if car dealers ganged up on shopping website TrueCar
WASHINGTON (Reuters) – It used to be that people in the market for a new car could go to the car-shopping website TrueCar.com, which collects bids from auto dealerships, and get dealers to undercut one another on price. Dealers could see the rival pric…
Boeing announces $10 billion buyback, raises dividend
SEATTLE (Reuters) – Boeing Co’s board raised the company dividend about 50 percent on Monday and approved $10 billion in new share buyback authority that the company said it would use in the next two to three years.
SEC seeks $1.1 million-plus from ex-Goldman VP Tourre
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission asked a federal judge to order former Goldman Sachs Group Inc vice president Fabrice Tourre to pay more than $1.1 million for his role in a failed 2007 mortgage deal, according to a court…
Exclusive: Comcast weighs three options for Time Warner Cable deal: sources
NEW YORK (Reuters) – Comcast Corp is examining three scenarios for a potential deal with Time Warner Cable Inc, including a full takeover bid for the second-largest cable operator, people close to the situation said on Monday.
Jury hears final arguments in insider trading trial of SAC’s Steinberg
NEW YORK (Reuters) – A lawyer for Michael Steinberg, an SAC Capital Advisors portfolio manager on trial for insider trading, urged jurors on Monday to find his client not guilty, saying the government’s star witness has been lying.
Lockheed may revise 2014 outlook if U.S. budget deal passes
WASHINGTON (Reuters) – U.S. weapons maker Lockheed Martin Corp may revise upward its financial outlook for 2014 if Congress passes a two-year budget deal that would blunt the effect of mandatory budget cuts, Marillyn Hewson, the company’s president and…
Upbeat data, deals lift Wall Street; traders keep eye on Fed
NEW YORK (Reuters) – U.S. stocks rose on Monday after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week.
Lockheed may revise 2014 outlook if U.S. budget deal passes
WASHINGTON (Reuters) – U.S. weapons maker Lockheed Martin Corp may revise upward its financial outlook for 2014 if Congress passes a two-year budget deal that would blunt the effect of mandatory budget cuts, Marillyn Hewson, the company’s president and…
Exclusive: Comcast weighs three options for Time Warner Cable deal: sources
NEW YORK (Reuters) – Comcast Corp is examining three scenarios for a potential deal with Time Warner Cable, including a full takeover bid for the second-largest cable operator, people close to the situation said on Monday.
