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Markets

NY Fed spotted JPMorgan 'Whale' risks four years before scandal: report

The New York Federal Reserve knew about risks J.P. Morgan faced from certain credit derivative exposure as early as 2008, but failed to act properly to head them off, the central bank's inspector general said on Tuesday.

Oct 21, 2014 12:36 PM EDT

Markets

Coca-Cola Co profit falls; company expands cost-cutting

Coca-Cola Co (KO.N) said on Tuesday that its quarterly profit fell 14 percent as sales of carbonated beverage volumes in North America declined.

Markets

Two more lawsuits filed against Honda, Takata for air bag defect

The recall crisis involving Takata-made air bags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars.

Markets

U.S. to scrap trade deal on Russian steel duties

The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities.

Wall St. rallies 1 percent; S&P up for fourth straight day

U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments jumped following their results.

Oct 21, 2014 11:56 AM EDT

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.

Oct 21, 2014 11:45 AM EDT

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.

Oct 20, 2014 11:38 AM EDT

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.

Oct 20, 2014 11:35 AM EDT

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