Chrysler working on loan refinancing: Fiat CEO
FLORENCE, Italy (Reuters) – Italian carmaker Fiat SpA’s U.S. unit Chrysler is still working on a $3 billion loan refinancing, Fiat CEO Sergio Marchionne said on Thursday, confirming what sources had earlier told Reuters.
Exclusive: GE lifts 2014 plane engine production to meet demand
NEW YORK (Reuters) – Riding a wave of demand for new airplanes, General Electric Co’s aviation unit said it expects to produce 3,800 commercial aircraft engines with its partners next year, up from 3,600 expected in 2013.
Jobless claims fall; labor market healing ongoing
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market.
Retail sales beat expectations as automobiles surge
WASHINGTON (Reuters) – Retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, suggesting the economy was squeezing out of a recent soft patch.
Analysis: No quick fix for corporate tax take as pressure to act builds
BRUSSELS/LONDON (Reuters) – Europe’s leaders are talking tough about making companies pay more tax but they are expected to take only baby steps for fear of alienating big business during an economic slump.
G8 may discuss role of central banks: German source
BERLIN (Reuters) – Leaders of the Group of Eight (G8) industrialized nations are likely to discuss the role of central banks and monetary policy at a summit in Northern Ireland next week, a German source said on Thursday.
Mulberry defends price rises as pins hopes on Asia push
LONDON (Reuters) – British luxury fashion group Mulberry defended its plans to move further upmarket, saying it was crucial to expansion plans in Asia, where local shoppers and outbound tourists are still spending heavily on top-end lines.
IDB’s Property and Building sells Barneys building in Chicago
TEL AVIV (Reuters) – Israeli real estate developer Property & Building , a subsidiary of debt-ridden conglomerate IDB Holding , has agreed to sell the Barneys building in Chicago for $154 million.
EU regulators put Visa Europe’s antitrust concessions to rivals
BRUSSELS (Reuters) – EU regulators asked Visa Europe’s customers and rivals to assess its offer to cap inter-bank credit card fees at the same level as competitor MasterCard , a concession intended to end an antitrust investigation and avoid a possible…
New Vatican bank head says mission is total transparency
VATICAN CITY (Reuters) – Don’t even think of calling Ernst von Freyberg, the president of the Vatican bank, God’s New Banker.
