Deaths linked to GM ignition-switch defect rise to 29
A program to compensate victims of a faulty ignition switch in General Motors Co (GM.N) vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program.
Oct 21, 2014 11:50 AM EDT
As China gets tougher on fuel economy, some carmakers may be left behind
Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.
Dollar softer after run-up, yen supported by stock gains
Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen.
Japanese stocks lead shares worldwide, IBM weighs on Dow
Equity markets worldwide edged higher on Monday, lifted by gains in Japanese shares, while mixed performance in U.S. stocks after IBM's quarterly results disappointed helped keep safe-haven U.S. Treasuries prices steady.
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Adidas shares jump on report of bid for Reebok unit
Shares in German sportswear firm Adidas AG (ADSGn.DE) jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid to buy Reebok.
Oct 20, 2014 11:31 AM EDT
U.S. Marines tap female executives for advice on growing women in ranks
Last spring, U.S. Marine Corps Commandant General James Amos did not even know who Sheryl Sandberg was.
Oct 20, 2014 11:28 AM EDT
VW recalls 1.1 million cars in North America, China over suspension issue
German automaker Volkswagen AG (VOWG_p.DE) said it is recalling more than 1.1 million cars in North America and China to correct a potential problem with rear suspension parts.
Oct 20, 2014 11:22 AM EDT
GM's top lawyer, hammered during recall hearing in Congress, to retire
General Motors Co's (GM.N) top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths.
Oct 20, 2014 11:11 AM EDT
BMW finance chief sees further growth in 2015: paper
BMW expects sales to rise further next year as new models boost demand, the German carmaker's finance chief told a newspaper on Saturday, without giving a detailed forecast.
Oct 20, 2014 11:05 AM EDT
Toyota recalls 247,000 vehicles in U.S. over Takata air bag issue
Toyota Motor Corp (7203.T) recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because they are equipped with potentially defective front passenger air bag inflators from Japan's Takata Corp (7312.T) that can rupture and spray metal shrapnel, according to U.S. safety regulators.
Oct 20, 2014 10:59 AM EDT
Dollar edges higher on strong U.S. consumer sentiment data
The U.S. dollar edged higher against a basket of major currencies on Friday after strong data on U.S. consumer sentiment calmed nerves after a week of severe market volatility.
Oct 17, 2014 11:58 AM EDT
Russia and Ukraine reach tentative gas deal in tough Milan talks
Russia and Ukraine made progress on Friday towards resolving a row over gas supplies, but European leaders said Moscow had to do much more to prop up a fragile ceasefire and end fighting in eastern Ukraine.
Oct 17, 2014 11:45 AM EDT
U.S. housing recovery rolls on as groundbreaking rises
U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.
Oct 17, 2014 11:41 AM EDT
Exclusive: Indonesia's new president plans steep fuel price rises next month
Indonesia's President-elect Joko Widodo plans to raise subsidised gasoline and diesel prices by around 50 percent next month in a bid to bring down the budget deficit in Southeast Asia's largest economy, an adviser told Reuters on Friday.
Oct 17, 2014 11:34 AM EDT
GE profit tops views as cost cuts drive margins; shares up
General Electric Co (GE.N) reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts' targets.
Oct 17, 2014 11:29 AM EDT
Wind blows away fossil power in the Nordics, the Baltics next
Wind power is blowing gas and coal-fired turbines out of business in the Nordic countries, and the effects will be felt across the Baltic region as the renewable glut erodes utility margins for thermal power stations.
Oct 17, 2014 11:22 AM EDT
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