BlackRock planning to cut 400 jobs: source

A BlackRock spokesman declined comment. BlackRock hired about 800 people in 2015. Of the top 10 U.S. companies by mutual fund and exchange-traded fund assets, all but one – Vanguard Group Inc – saw those assets decline over the one-year period through February, according to Lipper,

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BlackRock planning to cut 400 jobs: source

U.S. jury finds GM ignition switch defective but did not cause crash

A U.S. jury found on Wednesday that a defective ignition switch was not to blame for a 2014 accident in a General Motors car, the first trial to reach a verdict since the company recalled millions of vehicles with the part. The eight jurors, who deliberated less than a day following a two-week trial in Manhattan, found that the ignition switch …

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U.S. jury finds GM ignition switch defective but did not cause crash

Appaloosa calls for removal of SunEdison’s TerraForm execs

Billionaire David Tepper's Appaloosa Management is seeking to overhaul TerraForm Power Inc's Conflicts Committee, claiming the company's controlling shareholder SunEdison Inc has breached its fiduciary duties. Appaloosa is calling for removal of Peter Blackmore, Jack Jenkins-Stark and Christopher Compton from

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Appaloosa calls for removal of SunEdison’s TerraForm execs

Boeing plans to cut up to 8,000 airplane jobs: sources

Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus. Boeing on Wednesday acknowledged plans to cut about 4,000 jobs in its commercial airplanes division by…

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Boeing plans to cut up to 8,000 airplane jobs: sources

U.S. judge strikes down MetLife designation of ‘too big to fail’

MetLife had argued in court that the Financial Stability Oversight Council (FSOC), made up of the heads of the country's financial regulatory agencies, used a secretive and flawed process when in 2014 it designated the …

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U.S. judge strikes down MetLife designation of ‘too big to fail’

Bank of England warns on Brexit risks, tightens buy-to-let lending rules

The Bank of England said on Tuesday that risks around Britain's referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage lending to landlords. The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up. “The outlook for financial stability in the United…

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Bank of England warns on Brexit risks, tightens buy-to-let lending rules

Fed’s Williams urges U.S. central bank to stay on track with rate rises

“Others' economic fates do not spell our own,” Williams said in prepared remarks before an audience at the National University of Singapore. The U.S. central bank left interest rates unchanged two weeks ago and signaled its cautiousness by forecasting two further rate hikes this year, down from four at its December meeting, when the Fed raised rates from near zero for the first time in almost a decade.

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Fed’s Williams urges U.S. central bank to stay on track with rate rises

Orange and Bouygues boards to meet Wednesday on telecoms tie-up: sources

The Orange and Bouygues boards are scheduled to meet separately on Wednesday to discuss the planned sale of Bouygues's telecom unit, two sources close to the matter said. With one day remaining before the deadline set by both companies for agreement on the 10 billion euro …

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Orange and Bouygues boards to meet Wednesday on telecoms tie-up: sources

Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

SHANGHAI (Reuters) – Fiat Chrysler Automobiles NV's China unit will recall over 60,000 sport-utility vehicles in the country due to issues related to the cars' anti-skid braking (ABS) systems, a Chinese regulator said in a statement on Tuesday. China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said that under …

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

U.S. succeeds in cracking Apple’s iPhone, drops legal action

The U.S. Justice Department said on Monday it had succeeded in unlocking an iPhone used by one of the San Bernardino shooters and dropped its legal case against Apple, ending a high-stakes legal battle but leaving the broader struggle over encryption unresolved. The abrupt end to a confrontation that had transfixed the tech industry was a victory for Apple, which vehemently opposed a court order obtained by the Justice Department that would have required it to write new software to get into the iPhone. “From the beginning…

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U.S. succeeds in cracking Apple’s iPhone, drops legal action

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