Japan factory output drops, but recovery seen intact
TOKYO (Reuters) – Japan’s factory output fell by the most in more than two years in June although the labor market improved, a sign Prime Minister Shinzo Abe’s pro-growth policies are bearing fruit but still have far to go to establish a durable recove…
UBS to repay Swiss bailout loan, cautious on third-quarter
ZURICH (Reuters) – UBS will repay a loan and buy back equity in a fund set up as part of its 2008 bailout, a move the Swiss bank said on Tuesday would bolster its capital later this year.
GM to debut new Spark in 2015, delays Aveo launch: Korean union
SEOUL (Reuters) – General Motors Co plans to launch its next-generation Chevrolet Spark mini car in the first half of 2015, but will delay the launch of its revamped Aveo small car to 2016, a South Korean labor union spokesman said on Tuesday.
Spirit Airlines chairman to exit as Indigo divests stake
NEW YORK (Reuters) – The chairman of Spirit Airlines Inc plans to resign in August as funds affiliated with private equity firm Indigo Partners LLC divest their stake in the company, the carrier announced on Monday.
U.S. says JP Morgan manipulated market; settlement seen
WASHINGTON (Reuters) – The U.S. power regulator outlined its case of market manipulation against JPMorgan Chase & Co on Monday as industry sources said a final settlement on the issue should come on Tuesday.
BMW eases path to EV ownership to gain ‘meaningful’ sales
LONDON/NEW YORK (Reuters) – BMW aims to win a “meaningful” segment of the electric car market with its i-series battery-powered models by offering luxurious styling and packages designed to help owners overcome the traditional hurdles to electric car o…
U.S. says JP Morgan manipulated market; settlement seen
WASHINGTON (Reuters) – The U.S. power regulator outlined its case of market manipulation against JPMorgan Chase & Co on Monday as industry sources said a final settlement on the issue should come on Tuesday.
BMW eases path to EV ownership to gain ‘meaningful’ sales
LONDON/NEW YORK (Reuters) – BMW aims to win a “meaningful” segment of the electric car market with its i-series battery-powered models by offering luxurious styling and packages designed to help owners overcome the traditional hurdles to electric car o…
U.S. regulators moving cautiously on mortgage reforms
WASHINGTON (Reuters) – U.S. bank regulators, wary of upsetting the fragile housing market, are moving cautiously in fashioning dozens of new rules to prevent reckless underwriting and other mortgage market abuses.
Plains All American affiliate files for IPO of up to $1 billion
(Reuters) – Plains All American Pipeline LP affiliate Plains Gp Holdings LP filed with U.S. regulators to raise up to $1 billion in an initial public offering of Class A shares.
