U.S. to sell nonperforming Fisker Auto loan next month
DETROIT (Reuters) – The U.S. Department of Energy will auction next month a green technology loan made to Fisker Automotive, a move that may allow the struggling company to mount a comeback under a new owner.
U.S. commission reviews white-collar sentences
NEW YORK (Reuters) – As the U.S. government remains under pressure to hold individuals accountable for the financial crisis, a federal commission is launching a review that could actually reduce sentences for white-collar criminals.
Wall Street climbs on expectations for modest Fed taper
NEW YORK (Reuters) – U.S. stocks advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to its stimulus that has been highly supportive of stocks and other assets at the conclusion of its two-day meeting.
JPM’s Whale troubles may not end with civil settlement
NEW YORK (Reuters) – U.S. prosecutors are still investigating JPMorgan Chase & Co’s “London Whale” trading scandal for potential criminal wrongdoing, according to people familiar with the probe, in a sign that an expected $700 million regulatory settlement may not put the issue to rest for the largest U.S. bank.
History and the rise of Shandong set challenge for Japan’s car makers in China
BEIJING/SHANGHAI (Reuters) – A year after their China sales were battered by protests in a territorial dispute, Japan’s big automakers are finding it tough to bounce back in the world’s biggest market. Demand for cars is rising fastest in provinces whe…
Exclusive: Onex looks to sell The Warranty Group – sources
NEW YORK (Reuters) – Canadian private equity firm Onex Corp is preparing to sell The Warranty Group, a provider of extended warranty contracts, which is expected to fetch more than $1 billion, two people familiar with the matter said this week.
Exclusive: GM plans to more closely intertwine Buick and Opel brands
DETROIT (Reuters) – Buick customers in the United States and China could see more European design and engineering in an expanded range of new models by 2020, as General Motors Co more closely integrates global product development between Buick and GM’s…
G’day caller: Aussie firms offshore jobs to ‘little brother’ NZ
SYDNEY/WELLINGTON (Reuters) – When Australian customers of Quickflix ring the online video rental and streaming service’s support center, the voice at the other end of the line sounds reassuringly familiar.
Boeing’s stretched 787-9 Dreamliner makes first flight
SEATTLE (Reuters) – A longer version of Boeing Co’s Dreamliner made its first flight on Tuesday, passing a key milestone for a plane that should be more profitable both for Boeing to sell and for its customers to operate than the current production mod…
Tennessee plant in lead to build new VW crossover: U.S. VW executive
DETROIT (Reuters) – Volkswagen AG is leaning toward building a seven-passenger crossover utility vehicle at its plant in Chattanooga, Tennessee, rather than at its facility in Puebla in Mexico, a U.S. executive of the German automaker said on Tuesday.
