Unions hope to revive talks, end strike at Daimler plant
(Reuters) – Unions representing more than 700 workers at a Daimler AG truck factory in Portland, Oregon, hope to revive contract talks with the German company and avoid a lengthy strike, a union official said on Wednesday.
U.S. judges okay JPMorgan $546 million settlement with MF Global trustee, customers
NEW YORK (Reuters) – Customers of MF Global’s failed broker-dealer unit and the trustee overseeing its liquidation won court approval on Wednesday for a $546 million settlement with JPMorgan Chase & Co .
JPMorgan, Bank of NY Mellon win dismissal of forex lawsuits
NEW YORK (Reuters) – JPMorgan Chase & Co and officials at Bank of New York Mellon Corp on Wednesday won the dismissal of lawsuits accusing them of overcharging clients for trading currencies.
Jobs data upbeat, but trade and services dim outlook
WASHINGTON (Reuters) – Private employers stepped up hiring in June and new applications for unemployment benefits fell for a second straight week last week, pointing to a steadily improving labor market picture.
Wall St. posts modest gains in short volatile session
NEW YORK (Reuters) – Stocks ended slightly higher in a volatile half-day session on Wednesday as traders squared positions before the holiday and Friday’s job market data.
Airbus A380 marks start to fleet modernization for British Airways
LONDON (Reuters) – British Airways receives its first Airbus A380 jet at Heathrow airport on Thursday, marking the start of modernizing its aging fleet with new, more fuel-efficient planes able to better compete with fast-growing rivals.
Chrysler recalls more than 500,000 vehicles, most for head rests
DETROIT (Reuters) – Chrysler Group LLC said on Wednesday it will recall more than 500,000 vehicles, most of them for possibly malfunctioning active restraint head rests.
LightSquared splits $3 billion exit financing
NEW YORK (Reuters) – Wireless broadband communications company LightSquared Inc is splitting its proposed $3 billion senior secured exit term loan into a $2 billion first-lien loan and $1 billion second-lien tranche, sources told Thomson Reuters LPC. T…
SEC ends probe of key witness against Goldman’s Tourre
NEW YORK (Reuters) – The SEC has ended a probe of a central witness it intends to call at this month’s fraud trial against former Goldman Sachs Group Inc vice president Fabrice Tourre for his role in a notorious 2007 debt instrument that hedge fund bil…
Merkel hosts jobs summit, faces criticism
BERLIN (Reuters) – European leaders promised on Wednesday to step up the fight against soaring youth unemployment, but offered no new solutions or money at a meeting critics derided as a “show summit” to soften Angela Merkel’s image ahead of a German e…
