Chrysler to freeze U.S. salaried pension plans by December 31
DETROIT (Reuters) – Chrysler Group LLC, the U.S. automaker controlled by Italy’s Fiat, will freeze its U.S. pension plans for some 8,000 white-collar workers hired before 2004 on December 31.
Exclusive: Creditors, governments must pay in any euro bank rescue – document
BERLIN (Reuters) – Bondholders and governments will always have to contribute to shoring up a failing euro zone bank even when the bloc’s bailout fund ESM offers direct aid, according to an EU document obtained by Reuters.
EU insurance watchdog unveils benchmark capital rules
FRANKFURT (Reuters) – The European Union’s insurance watchdog on Friday unveiled its proposals for rules to regulate long-term savings guarantees that are popular with life insurance policy holders.
Air rivalry intensifies as Airbus A350 makes first flight
TOULOUSE, France (Reuters) – After the Dreamliner, the Hushliner?
Consumer and factory data signal steady economy
WASHINGTON (Reuters) – Consumer sentiment edged off a six-year high in June while manufacturing output picked up a bit last month after two straight months of declines, suggesting the economy remains on a moderate growth path.
Chesapeake Energy shareholders reject board declassification
(Reuters) – Chesapeake Energy Corp shareholders on Friday rejected a proposal that would have made it easier to replace the entire board of directors of the natural gas driller in one step.
G8 to say risks to economy lower, reforms needed: draft
LONDON (Reuters) – Leaders of the world’s richest nations are likely to say next week that they are not content with progress so far in fixing their economies after the financial crisis.
JPMorgan’s private equity unit to become independent
(Reuters) – JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses.
Vodafone mulls improved Kabel Deutschland bid: source
FRANKFURT (Reuters) – British mobile firm Vodafone is considering raising its offer for Kabel Deutschland after an initial 7.2 billion euro ($9.6 billion) bid was knocked back by Germany’s biggest cable operator, one person close to the matter said.
France Tel CEO decision to be unveiled Monday: Hollande
PARIS (Reuters) – French President Francois Hollande said a decision on the future of France Telecom’s chief executive Stephane Richard would be announced on Monday after an executive board meeting to be held on the same day.
