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Chrysler To Recall Nearly 870,000 SUVs For Brake Problem

Wed, 04/02/2014 - 7:41am
Chrysler Group said on Wednesday it would recall nearly 870,000 vehicles to fix a defect in the brake systems following complaints about excessive brake-pedal firmness.
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Philip Morris To Stop Cigarette Production In Australia

Wed, 04/02/2014 - 7:37am
American cigarette and tobacco company Philip Morris International Inc (NYSE:PM) said it will cease cigarette production in Australia this year because of restricted export opportunities due to government regulations.
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BlackBerry Won't Renew License with T-Mobile

Wed, 04/02/2014 - 7:32am
BlackBerry won't renew its license with T-Mobile to sell its products after the current contract expires on April 25.
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GlaxoSmithKline Throws In Towel On Lung Cancer Vaccine Trial

Wed, 04/02/2014 - 7:28am
GlaxoSmithKline Plc (GSK) has stopped a high-profile clinical trial using a novel vaccine to fight lung cancer after deciding it will not be possible to find a sub-group of patients who might benefit.
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Chrysler To Recall 644,354 Jeeps And Dodges

Wed, 04/02/2014 - 7:26am
Chrysler will recall 644,354 vehicles due to a problem with the brakes that may inhibit ease of use, according to the U.S. Department of Transportation Tuesday.
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Prada Posts Less Than 1 Pct Gain In 2013 Profit, Missing Estimates

Wed, 04/02/2014 - 7:22am
Prada SpA, known for its luxury handbags, reported a less than 1 percent increase in 2013 full-year profit on Wednesday, hurt by a continued weakness in European markets.
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Is 'Too Big to Fail' Still a Thriving Concept?

Wed, 04/02/2014 - 7:19am
Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and well.
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Gold Edges Up, But Still Near 7-Week Low Ahead Of U.S. Data

Wed, 04/02/2014 - 7:13am
Gold rose on Wednesday, recouping some strength after two days of losses but remained near its lowest in seven weeks on expectations of strong jobs data in the world's largest economy.
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EU Regulators Fine Goldman Sachs, Prysmian For Cable Cartel

Wed, 04/02/2014 - 7:06am
Goldman Sachs, Prysmian, Nexans, and eight cable firms were fined $416 million by EU antitrust regulations for running a cartel.
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U.S. Mortgage Applications Fell Last Week -MBA

Wed, 04/02/2014 - 7:03am
Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said on Wednesday.
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European Stocks Edge Up After Six-session Win Streak

Wed, 04/02/2014 - 7:00am
European markets rose higher, but gains were small after a run of six straight wins for the region's equity benchmark. 
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Chrysler to recall about 800,000 SUVs

Wed, 04/02/2014 - 6:58am
Chrysler Group on Wednesday said it would recall about 800,000 vehicles to fix a defect in the brake systems, after it received complaints about excessive brake-pedal firmness.
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'Too Big to Fail' still thriving

Wed, 04/02/2014 - 6:39am
Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and well.
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German cabinet signs off on minimum wage from 2015

Wed, 04/02/2014 - 5:30am
Germany's cabinet gave the green light on Wednesday to a national minimum wage of 8.
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Deutsche Boerse Unit Probed Over Iran Sanctions

Wed, 04/02/2014 - 4:43am
Clearstream Banking SA, a unit of Deutsche Boerse AG , is being investigated by U.S. authorities over allegations it violated money-laundering laws and Iran sanctions, The
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Ford Initiated At Neutral, GM Reduce At Nomura

Wed, 04/02/2014 - 4:28am
Nomura initiated coverage on two major U.S. automakers on Wednesday, starting Ford Motor Co. at neutral and General Motors Co. at reduce.
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BlackBerry Ends T-Mobile U.S. Licensing Deal

Wed, 04/02/2014 - 3:57am
BlackBerry Ltd. said it will not renew the T-Mobile U.S. Inc. license to sell BlackBerry products, due to expire April 25, 2014.
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Massive Chile Earthquake Triggers Tsunami

Tue, 04/01/2014 - 9:10pm
A major 8.2-magnitude earthquake has struck off the coast of Chile, the U.S. Geological Survey said late Tuesday, with the temblor reportedly triggering a tsunami.
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Families of GM crash victims bring their anguish to Washington

Tue, 04/01/2014 - 8:25pm
Standing on the lawn of the U.S. Capitol on Tuesday morning in the path of an early spring breeze, Renee Trautwein tearfully braced herself to relive the worst morning of her life.
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Factbox: GM taps disaster fund expert for potential recall victims' fund

Tue, 04/01/2014 - 6:31pm
General Motors Co said on Tuesday it has hired Kenneth Feinberg, a lawyer widely known for administering funds to compensate victims of high-profile disasters and accidents, to help assess its options for dealing with victims harmed by recalled vehicles.
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