Exclusive: Ford to build current and new F-150 pickups at same time
DETROIT (Reuters) – Ford Motor Co will produce both its current F-150 pickup and a new model for about six months to avoid disrupting sales of the top-selling U.S. vehicle and safeguard against potential kinks tied to the truck’s extensive overhaul, pe…
Exclusive: Ford to build current and new F-150 pickups at same time
DETROIT (Reuters) – Ford Motor Co will produce both its current F-150 pickup and a new model for about six months to avoid disrupting sales of the top-selling U.S. vehicle and safeguard against potential kinks tied to the truck’s extensive overhaul, pe…
Key witness bolsters SEC case against Fabrice Tourre
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission called its top witness in the fraud trial of Fabrice Tourre on Tuesday, a day before the former Goldman Sachs trader himself takes the stand.
S&P 500 dips and Dow gains on UTX; Apple up late
NEW YORK (Reuters) – The S&P 500 snapped a four-day winning streak on Tuesday and pulled back from Monday’s record closing high, while healthy earnings from United Technologies gave the Dow a slight lift.
Analysis: Cabela’s building on gun sale gains by leveraging data
NEW YORK (Reuters) – Few companies have benefited more from the record number of gun sales in the U.S. than hunting, fishing and outdoor products retailer Cabela’s .
Ex-HSBC banker emerges as frontrunner for RBS top job: FT
(Reuters) – Mark McCombe, the former head of HSBC’s Hong Kong operations, has emerged as the external frontrunner for the top job at Royal Bank of Scotland , the Financial Times reported on Tuesday, citing three people close to the process.
Lockheed snags contract for U.S. defense weather satellite program
WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday was awarded an Air Force contract worth about $101 million over a decade, to modify the U.S. defense weather satellite program, the U.S. Department of Defense said.
At Senate, Wall St. and Fed feel heat over commodity trade
WASHINGTON/NEW YORK (Reuters) – Wall Street’s multibillion-dollar commodity trading operations came under the political spotlight on Tuesday as a powerful Senate committee questioned whether commercial banks should control oil pipelines, power plants a…
KKR to finance $3.9 billion Gardner Denver deal at record low rates
NEW YORK (Reuters) – KKR & Co LP on Tuesday secured the cheapest borrowing rates it ever got to fund a leveraged buyout, which could cut hundreds of millions of dollars from interest it will pay to finance its $3.9 billion takeover of Gardner Denver Inc , banking sources said.
Analysis: Argentina shows new pragmatism with Chevron deal
BUENOS AIRES (Reuters) – After years of nationalist rhetoric and protectionist policies, Argentina is seeking to lure foreign investment to its Vaca Muerta shale oil and gas field in an bid to jumpstart the country’s energy sector and reverse a decline…
