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Chrysler recalls 127,350 Dodge Chargers, Chrysler 300s
(Reuters) – Chrysler Group is recalling some 127,350 current model Dodge Charger and Chrysler 300 vehicles in the United States and Canada due to potential problems in electrical stability control and anti-lock braking systems, the company and U.S. safety regulators said The rest is here: Chrysler recalls 127,350 Dodge Chargers, Chrysler 300s Read More →
Third Point demands Yahoo CEO hiring documents
(Reuters) – Activist hedge fund Third Point, which has called for the ouster of Yahoo Inc Chief Executive Scott Thompson for padding his resume, formally demanded in a letter that the Internet company provide access to all documents relating to Thompson’s hiring. Third Point CEO Daniel Loeb, who has been waging a public battle to place his firm’s nominees on Yahoo’s board,... [Read more]
Swiss bank Pictet gave data to U.S. in tax probe
ZURICH (Reuters) – Swiss bank Pictet said on Sunday it handed over bank account details to U.S. authorities probing cases of tax evasion, as a newspaper reported it had accepted funds from two former UBS clients suspected Here is the original: Swiss bank Pictet gave data to U.S. in tax probe Read More →
Architects hit the road to survive property crash
(Reuters) – Working for one of the world’s best-known architecture firms, Norman Morgan and Brent Sparks were used to new business landing on their desks. But when the financial crisis struck in 2008, they abandoned the Fort Worth office of HKS Inc, jumped into Morgan’s Ford pick-up truck and began to criss… Here is the original: Architects hit the road to survive property... [Read more]
Law firm Dewey warns of possible closure
NEW YORK (Reuters) – Law firm Dewey & LeBoeuf notified attorneys and staff on Friday that they could face mass layoffs, in the starkest sign yet that Dewey could be on the verge of collapse. “Although we continue to pursue various View original here: Law firm Dewey warns of possible closure Read More →
Jobless claims tumble, service sector slows
WASHINGTON/NEW YORK (Reuters) – The number of Americans filing new claims for jobless aid dropped by the most in a year last week, easing fears the labor market recovery was stalling. But separate data on the vast U.S. services sector was less upbeat, with the rate of growth slowing more than expected and a gauge of employment falling to its lowest level in four months. … Go here to see... [Read more]
Facebook’s IPO show to hit the road on May 7: source
SAN FRANCISCO (Reuters) – The roadshow for Facebook Inc’s initial public offering is scheduled to start on Monday, meaning the company’s shares should begin trading on May 18, a source familiar with the process said on Tuesday. Founder and CEO Mark Zuckerberg, who has mostly operated in the background during Facebook’s closely See the original post: Facebook’s IPO... [Read more]
Analysis: EU hunts for quicker, sharper growth kick
BRUSSELS (Reuters) – Slowly but surely, the European Union is shifting its message on promoting economic growth and is coming to the realization that it may have been looking for it in the wrong place. The question is whether the bloc can come up with a strategy that convinces skeptical… Read the original post: Analysis: EU hunts for quicker, sharper growth kick Read More →
GM, Isuzu to talk on capital tie-up: Nikkei
TOKYO (Reuters) – General Motors Co will begin talks about taking an around 10 percent stake in Isuzu Motors Ltd , as the two carmakers look to jointly sell commercial vehicles in Asia and in Central and South America, the Nikkei business daily said on Saturday. If realized, the deal would revive a 35-year capital alliance that was scrapped during GM’s 2006 restructuring. It may also prompt... [Read more]
Apple growth hinges on China, new devices
SAN FRANCISCO (Reuters) – Sometimes even eye-popping results are not enough. Apple Inc’sO> shares may have risen 9 percent on Wednesday on the back of another spectacular quarter that included soaring iPhone sales in China View original here: Apple growth hinges on China, new devices Read More →