Business

GM ignition switch fund gets 63 death case claims

GM ignition switch fund gets 63 death case claims

(Reuters) – The attorney overseeing a General Motors Co fund set up to compensate victims of accidents caused by inaccurate ignition switches in its cars said he obtained claims for cases involving sixty three deaths. Kenneth Feinberg, who is overseeing the fund, also told Reuters that because the fund was […]

 
 

Argentina threatened with contempt order by U.S. judge

Argentina threatened with contempt order by U.S. judge

By means of the use of Joseph Ax and Andrew Chung NEW YORK/BUENOS AIRES (Reuters) – Argentina’s economy ministry as quickly as again defiantly asserted the united states has made a required debt fee on restructured sovereign bonds on Friday night time, just hours after a U.S. decide threatened a […]

 
 

Dividend payers attractive again as bond yields fall

Dividend payers attractive again as bond yields fall

Via Caroline Valetkevitch NEW YORK (Reuters) – Traders once again are snapping up excessive-dividend-paying U.S. shares as Treasury yields fall, which must preserve utilities and telecom stocks near the highest of the shopping for checklist for the near future. The S&P 500 utility sector , whose dividend yield at 3.9 […]

 
 

Wall St rises despite Iraq air strikes; indexes off for week

Wall St rises despite Iraq air strikes; indexes off for week

Through Rodrigo Campos NEW YORK (Reuters) – U.S. shares rose on Friday, with excessive dividend-paying utility stocks leading gains and benchmark Treasury yields at a 14-month low, at the same time as U.S. air strikes in Iraq brought to a string of geopolitical uncertainties. "Technically you could assume 1,900 (on […]

 
 

McDonald’s casts doubt on sales outlook after China food scare

McDonald’s casts doubt on sales outlook after China food scare

McDonald's Corp stated on Friday that its world gross sales forecast for 2014 was once in danger after a China meals scandal drove away diners and compelled the chain to scramble to are seeking for out new suppliers of substances for Hen McNuggets and Massive Macs. The warning might portend […]

 
 

U.S. wholesale inventories rise less than expected, sales slow

U.S. wholesale inventories rise less than expected, sales slow

U.S. wholesale inventories rose less than expected in June, which can have an effect on the expansion estimate for the second-quarter. The Commerce Department mentioned on Friday wholesale inventories elevated zero.3 percentafter a downwardly revised 0.three % acquire in May just. Economists polled by way of Reuters had expected shares […]

 
 

Japan says prices ‘rising moderately’ for first time in more than five years

Japan says prices ‘rising moderately’ for first time in more than five years

Through Tetsushi Kajimoto TOKYO (Reuters) – Japan's govt described consumer prices as "rising rather", the usage of that wording for the primary time due to the fact that October 2008, an indication that the economy is making steady growth in opposition to exiting 15 years of cussed deflation. The federal […]

 
 

Stock buyers hesitant; euro holds gains

Stock buyers hesitant; euro holds gains

By means of Marc Jones LONDON (Reuters) – Hesistant share traders stored a wary eye on interest rates in China while the euro left the dollar in its wake on Wednesday after smooth U.S. financial information argued against any fast withdrawal of Federal Reserve stimulus. "The euro strength over the […]

 
 

Peugeot’s $3 billion loss shows rescue deal is just a start

Peugeot’s $3 billion loss shows rescue deal is just a start

With the aid of Laurence Frost PARIS (Reuters) – PSA Peugeot Citroen plans to build new vehicles and increase in Asia under a French-backed rescue deal agreed with China's Dongfeng, the carmaker stated on Wednesday, because it posted a $three.2 billion loss that underscores the size of the duty ahead. […]

 
 

Japan PM keen to cut corporate tax rate – chief cabinet secretary

Japan PM keen to cut corporate tax rate – chief cabinet secretary

By way of Linda Sieg and Yuko Yoshikawa TOKYO (Reuters) – Prime Minister Shinzo Abe is decided to cut Japan's corporate tax fee, Chief Cupboard Secretary Yoshihide Suga said, a step specialists say might boost the worldwide competitiveness of Jap corporations and make the united states extra sexy to international […]

 
 

Loss at Volkswagen plant upends union’s plan for U.S. South

Loss at Volkswagen plant upends union’s plan for U.S. South

With the aid of Bernie Woodall CHATTANOOGA, Tennessee (Reuters) – In a stinging defeat that would speed up the many years-lengthy decline of the United Auto Employees, Volkswagen AG workers voted in opposition to union illustration at a Chattanooga, Tennessee plant, which had been seen as prepared labor's perfect probability […]

 
 

Wall St. Week Ahead: U.S. stock investors face Fed view, tech charts

Wall St. Week Ahead: U.S. stock investors face Fed view, tech charts

By using Rodrigo Campos NEW YORK (Reuters) – With financial knowledge being shoveled aside like snow and revenue season winding down, U.S. stock buyers might zero in subsequent week on the Fed's view of the financial system and technical prognosis charts because the S&P 500 nears its file excessive. The […]

 
 

S&P’s 4-day rally ends on P&G’s view; Cisco off late

S&P’s 4-day rally ends on P&G’s view; Cisco off late

Via Ryan Vlastelica NEW YORK (Reuters) – The S&P 500 closed flat on Wednesday, with a four-day rally within the index simply barely coming to an finish after Procter & Gamble minimize its outlook, although some positive earnings restricted the decline and eased issues that valuations had become stretched. The […]

 
 

Analysis: U.S. car sales slowdown triggers discount war

Analysis: U.S. car sales slowdown triggers discount war

Via Paul Lienert DETROIT (Reuters) – A one-two punch of bad climate and overproduction has ignited a price cutting war among U.S. car sellers and producers. Frigid temperatures and iciness storms in the past six weeks have slowed retail sales and showroom traffic, inflating inventories of unsold automobiles and triggering […]

 
 

Jobless drop will force Fed to more ‘traditional’ policy: Bullard

Jobless drop will force Fed to more ‘traditional’ policy: Bullard

By means of Jonathan Spicer NEW YORK (Reuters) – The Federal Reserve will almost certainly have to come back to more "traditional" coverage-making now that the U.S. jobless rate has fallen to 6.6 percent, so as regards to the U.S. critical bank's current 6.5-percent threshold for considering an interest-fee rise, […]