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AIG strikes deal with Icahn, avoids proxy fight

The agreement with Icahn comes just two days ahead of AIG's deadline for shareholders to submit board candidates. Sandler O'Neill & Partners LP analyst Paul Newsome said the deal does not signal the end of the tussle between AIG's management and Icahn. AIG said it agreed to nominate Paulson, a billionaire investor and president of Paulson & Co, and Samuel Merksamer

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AIG strikes deal with Icahn, avoids proxy fight

Yellen’s dilemma: a downturn with no easy response

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve's carefully scripted decision to raise interest rates last December, and begin a return to “normal” policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. Fed chair …

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Yellen’s dilemma: a downturn with no easy response

Asian shares slip as bank fears add to global gloom

Asian shares fell for a sixth straight session on Friday as concerns about the health of European banks further threatened a global economy already under strain from falling oil prices and slowdowns in China and other emerging markets. “The markets are clearly starting to price in a sharp slowdown in

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Asian shares slip as bank fears add to global gloom

U.S. judge rejects motion to review GM ignition switch deal

The motion filed by Lance Cooper, a Georgia attorney who first publicly exposed the defect, accused a lawyer leading federal litigation over the switch, Robert Hilliard, of mismanaging the cases and negotiating a multimillion dollar settlement primarily to benefit his own clients, rather than all plaintiffs. Cooper had asked U.S. District Judge Jesse Furman in Manhattan, who oversees the federal switch litigation…

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U.S. judge rejects motion to review GM ignition switch deal

Google to scrub web search results more widely to soothe EU objections

By Julia Fioretti BRUSSELS (Reuters) – Google will start scrubbing search results across all its websites when accessed from a European country to soothe the objections of Europe's privacy regulators to its implementation of a landmark EU ruling, a person close to the company said. The U.S. company has been at loggerheads with several European Union data …

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Google to scrub web search results more widely to soothe EU objections

BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags

FRANKFURT/WASHINGTON (Reuters) – The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. On Wednesday, Volkswagen AG said it would recall 850,000 vehicles and BMW said it would recall 840,000 vehicles. The vehicles to be recalled have Takata-made air bag inflators that

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BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags

Fed’s Fischer worried by emergency credit reporting rules

A top Federal Reserve policymaker on Wednesday expressed concern that U.S. reforms enacted after the global financial crisis may have made it harder to stem a credit market panic, a warning that came…

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Fed’s Fischer worried by emergency credit reporting rules

Yellen: Fed not likely to reverse course on rates despite risks

Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers…

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Yellen: Fed not likely to reverse course on rates despite risks

​Micron21 prepares to launch DDoS mitigation datacentre

Micron21 is preparing to deliver DDoS protection as a service to its global network, which will be hosted from its Melbourne-based datacentre from July.

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​Micron21 prepares to launch DDoS mitigation datacentre

U.S. regulators upgrade, expand Fiat Chrysler gearshift probe

The U.S. National Highway Traffic Safety Administration said Monday it is expanding a defect investigation of 856,000 Fiat Chrysler SUVs and cars because the vehicles may roll away after drivers exit, thinking they have put the transmission in Park.

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U.S. regulators upgrade, expand Fiat Chrysler gearshift probe

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