China antitrust regulator fines two Japan auto parts makers
Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.
Aug 19, 2014 3:03 PM EDT
U.S. consumer prices rise modestly in July
U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.
UK inflation falls more than expected; 2014 rate rise less likely
British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.
Lehman's London staff win $300 million pensions fight
More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.
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GM expands website for owners of recalled vehicles
General Motors Co's (GM.N) website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.
Aug 19, 2014 2:55 PM EDT
Former top Obama aide to lead Uber's global political campaign
Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.
Aug 19, 2014 2:51 PM EDT
Porsche prevails at U.S. appeals court over VW short squeeze
Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that accused the German automaker of fraudulently cornering the market in Volkswagen AG shares.
Aug 15, 2014 3:39 PM EDT
FedEx indicted on new criminal charges in online pharmacy case
FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.
Aug 15, 2014 3:30 PM EDT
Exclusive: Bombardier, Hitachi lead bids for Finmeccanica's rail units - sources
Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said.
Aug 15, 2014 3:28 PM EDT
Electrolux in talks to buy GE's appliances business
World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric's household appliances business.
Aug 14, 2014 1:52 PM EDT
Wall St. edges up after Putin comments, Cisco falls
U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.
Aug 14, 2014 1:51 PM EDT
GM to invest $2.8 billion in Brazil in five years: CEO
General Motors Co will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday.
Aug 14, 2014 1:49 PM EDT
Deutsche Bank, BayernLB agree to settle $810 million U.S. suit
Deutsche Bank, Germany's largest bank, and state-backed lender BayernLB [BAYLB.UL] have agreed to settle an $810 million lawsuit in connection with residential mortgage-backed securities, or RMBS, that Deutsche sold to BayernLB.
Aug 14, 2014 1:48 PM EDT
Berkshire Hathaway stock hits new milestone at $200,000
Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.
Aug 14, 2014 12:44 PM EDT
Jobless claims up, trend favors strong labor market
The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the increase did little to change views that the labor market was strengthening.
Aug 14, 2014 12:42 PM EDT
Wal-Mart cuts forecast as it spends more on healthcare, online
Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.
Aug 14, 2014 11:59 AM EDT
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