GM recalls 15,000 Malibu sedans for fire threat
DETROIT (Reuters) – General Motors Co is recalling nearly 15,000 Chevrolet Malibu sedans from model year 2013 to check for faulty wiring harnesses that could cause a fire.
U.S. economic growth gauge slips in latest week- ECRI
NEW YORK (Reuters) – A measure of future U.S. economic growth edged lower last week, although the annualized growth rate rose, a research group said on Friday.
New American Airlines to trade under symbol ‘AAL’ on Nasdaq
(Reuters) – American Airlines Group, the company that will be formed when AMR Corp’s American and US Airways Group Inc complete their merger, will trade under the symbol “AAL” on the Nasdaq market, the companies said on Friday.
U.S. wholesale inventories rise in line with forecasts
WASHINGTON (Reuters) – U.S. wholesale inventories rose in line with expectations in September, reinforcing the view that much of the strength in economic growth during the third quarter came from businesses restocking their shelves.
U.S. industrial output falls on utilities, mining
WASHINGTON (Reuters) – U.S. industrial production unexpectedly fell in October as output at power plants and mines declined, but a third straight month of gains in manufacturing suggested the economy remained on a moderate growth path.
NY factories slow down in November in bad sign for U.S. economy
NEW YORK/WASHINGTON (Reuters) – Factory activity declined in New York state earlier this month and employment in the sector failed to grow for the first time since June, signs that U.S. manufacturing may have lost a step.
Bill Gates wants Norway’s $800 billion fund to spend more in Africa, Asia
OSLO (Reuters) – Philanthropist and Microsoft co-founder Bill Gates called on Norway’s $800 billion oil fund, one of the biggest investors in the world, to spend more in the poorest countries, gaining the prime minister’s support with his proposal.
Shares head towards five year highs as Yellen backs easy Fed policy
LONDON (Reuters) – World shares climbed back towards five-year highs on Friday as markets cheered a robust defense of the Federal Reserve’s money printing by Janet Yellen, who is expected to take charge of the U.S. central bank next year.
Jos. A. Bank terminates offer to buy Men’s Wearhouse
(Reuters) – Jos. A. Bank Clothiers Inc terminated its offer to buy Men’s Wearhouse Inc , sending Men’s Wearhouse shares down as much as 11 percent before the bell, although Jos. A. Bank did not rule out another bid for its larger rival in future.
Former JPMorgan ‘Whale’ supervisor opposes U.S. extradition
MADRID (Reuters) – A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain…
