GM launches new employee pricing program
DETROIT (Reuters) – General Motors Co has rolled out a new program to simplify the pricing discounts its employees and retirees receive when buying the U.S. automaker’s cars and trucks.
Fed’s Dudley, in remarks on systemic risk, does not address policy
NEW YORK (Reuters) – New York Federal Reserve President William Dudley said on Friday that more needs to be done to reduce risks in collateralized short-term funding markets, but made no reference to the U.S. economy or monetary policy in his prepared …
Fed decision not to trim bond buys was ‘close call’: Fisher
LITTLE ROCK, Arkansas (Reuters) – Policymakers at the Federal Reserve were sharply split last month over whether to trim the U.S. central bank’s massive bond-buying stimulus, although they ultimately chose not to, a top Fed official said on Friday.
Exclusive: Spain’s bad bank close to big land sale as disposals pick up
MADRID (Reuters) – Spain’s “bad bank” is about to start its biggest sale so far of land taken over from bailed-out lenders, as property prices in some of the countries worst hit by the euro zone crisis show signs of recovery.
Exclusive: AgustaWestland invokes arbitration over India chopper deal
NEW DELHI (Reuters) – AgustaWestland has invoked arbitration over a scandal-tainted deal to sell helicopters to the Indian government, according to a statement on Friday from the unit of Italy’s Finmeccanica .
U.S. debt row keeps dollar near eight-month low, stocks subdued
LONDON (Reuters) – The government shutdown and impending debt deadline in the United States kept the dollar near an eight-month low despite signs of a fight back on Friday and drove world shares towards a second week of losses.
Barclays wraps up $9.4 billion cash call to bolster capital
LONDON (Reuters) – Barclays completed its 5.8 billion pound ($9.4 billion) fundraising on Friday to meet a capital shortfall identified by its regulator, after almost 95 percent of the British bank’s investors stumped up more cash.
Washington debt row hits European stocks with U.S. tilt
LONDON (Reuters) – European companies with big sales in the United States are already suffering from the threat of a protracted political standoff over the U.S. budget, with analysts cutting earnings forecasts and shares underperforming.
Stock futures edge higher, shutdown still in focus
NEW YORK (Reuters) – Stock futures edged modestly higher on Friday, indicating a rebound after a series of losses, though the uncertain outcome of a partial U.S. government shutdown, now in its fourth day, continued to worry investors.
UK banks slow to compensate firms for swaps mis-selling
LONDON (Reuters) – British banks have paid out only a fraction of the 3 billion pounds ($4.85 billion) they set aside to compensate small firms mis-sold complex hedging products, drawing criticism from businesses and the financial watchdog.
