Alitalia seeks capital hike, Air France-KLM votes against: source
ROME (Reuters) – Struggling Italian carrier Alitalia will seek a capital increase of at least 100 million euros ($135 million), it said on Thursday after reporting another heavy loss for its first half.
Chrysler reinstates shift at Ohio plant making Jeep Cherokee
DETROIT (Reuters) – Chrysler Group LLC, a unit of Fiat SpA , said on Thursday that the second shift producing the 2014 Jeep Cherokee sports utility vehicle in Ohio will resume work on Monday after a five-day halt.
Fed needs better way to signal policy, officials say
FRANKFURT/STOCKHOLM/HOUGHTON, Michigan (Reuters) – The Federal Reserve confused financial markets over scaling back its bond buying, three top officials said on Thursday, with one arguing the central bank should link tapering to drops in the jobless ra…
Exclusive: KKR pulls out of Jones Group auction – sources
NEW YORK (Reuters) – Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group Inc , two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company.
Exclusive: KCG nears $12 million settlement with SEC on Knight glitch – sources
NEW YORK (Reuters) – The successor company to Knight Capital Group is near a settlement of around $12 million with the U.S. Securities and Exchange Commission related to last year’s trading glitch that disrupted equity markets and led to Knight’s sale,…
SEC chair says big fines key to attacking wrongdoing
WASHINGTON (Reuters) – The head of the Securities and Exchange Commission warned that her agency will aggressively use its powers to fine wrongdoers and is seeking other creative ways to hold companies and individuals accountable for their misdeeds.
GE invests $515 million in Turkish energy and other projects
ISTANBUL (Reuters) – General Electric has already invested more than half of the $900 million it has earmarked for Turkey on projects ranging from energy to healthcare to locomotive production, Chief Executive Jeff Immelt said on Thursday.
Toyota recalls about 694,000 Sienna minivans in North America
DETROIT (Reuters) – Toyota Motor Corp’s U.S. unit said on Thursday it is recalling about 694,000 Sienna minivans in North America due to a shift lever problem.
Nasdaq revokes ‘self-help’ against BATS exchange
NEW YORK (Reuters) – Nasdaq, Nasdaq BX and Nasdaq PSX said on Thursday they have revoked “self-help” against the BATS stock exchange.
Penney reported to see no need to raise cash, shares jump
(Reuters) – J.C. Penney Co Inc Chief Executive Myron Ullman told investors he does not see the need to raise cash this year, CNBC reported, reversing a sharp fall in the retailer’s shares.
