GM yet to reap full benefits of European alliance plans
FRANKFURT (Reuters) – General Motors Co scaled back its alliance with Peugeot on Thursday and put a brave face on yet another setback for its efforts to seek growth in Europe through collaboration and partnerships.
German court rejects former Deutsche Bank CEO’s bid to bar evidence
MUNICH/STUTTGART, Germany (Reuters) – Germany’s highest court has rejected a request by former Deutsche Bank Chief Executive Josef Ackermann to keep a trove of documents out of a long-running lawsuit brought by heirs of the collapsed Kirch media empire…
GM to sell its 7-percent stake in French automaker Peugeot
DETROIT (Reuters) – General Motors Co said Thursday it will sell its entire 7 percent stake in French alliance partner PSA Peugeot Citroen because the investment is no longer necessary.
VW’s U.S. chief leaves company; Horn named replacement
DETROIT (Reuters) – Volkswagen AG’s U.S. Chief Executive Officer Jonathan Browning has left the company for personal reasons and is to be replaced by 51-year-old Michael Horn, the company announced from its Wolfsburg, Germany headquarters on Thursday.
Airbus promises to limit development risks
PARIS (Reuters) – European aerospace group EADS pledged to shun risky investments and new aircraft programs for at least a decade as it promised investors a smoother ride under its Airbus brand in the wake of earlier development problems.
Pimco sees U.S. growth at 2.25 to 2.75 percent in 2014
(Reuters) – Pimco, home to the world’s largest bond fund run by co-founder Bill Gross, said on Thursday that it expects U.S. economic growth to run between 2.25 and 2.75 percent in 2014.
Liberty Global in talks to buy cable firm Ziggo
BRUSSELS (Reuters) – U.S. cable group Liberty Global is in takeover talks with Dutch operator Ziggo, its latest move to consolidate the sector in Europe with a deal analysts say could cost around 5 billion euros ($6.9 billion).
Hilton Worldwide Holdings shares open at $21.30 in IPO
(Reuters) – Shares of Hilton Worldwide Holdings Inc , the world’s largest hotel operator, rose 7 percent in their New York Stock Exchange debut on Thursday.
VW’s U.S. chief Browning leaves company, Horn named replacement
DETROIT (Reuters) – Volkswagen AG U.S. Chief Executive Officer Jonathan Browning has left the company for personal reasons and is to be replaced by 51-year-old Michael Horn, the company announced from its Wolfsburg, Germany headquarters on Thursday.
Wall Street willing to offer Freedom Group more debt: sources
NEW YORK (Reuters) – Some creditors of Freedom Group Inc, maker of the Bushmaster rifle used in the Newtown, Connecticut, school massacre, are willing to offer the company more debt, despite the fact many of its private equity fund investors want out.
