Feed aggregator

Germany, ECB play hardball with Greece

Breaking Business News - 1 hour 20 min ago
BERLIN/HELSINKI (Reuters) - German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package.






Greece seeks to reassure Europe as tensions rise

Breaking Business News - 1 hour 26 min ago
ATHENS (Reuters) - New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement.

U.S. regulators recall 2.1 million vehicles in new air bag issue

Breaking Business News - 2 hours 57 min ago
(Reuters) - The auto industry’s air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.






McDonald's to slow Russia expansion due to fall in rouble

Breaking Business News - 3 hours 21 min ago
MOSCOW (Reuters) - McDonald's Corp. will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters.

Publisher: Why I joined the Silicon Valley Business Journal

Talking Biz News - 3 hours 38 min ago
Malcolm Bordelon, the new publisher of the Silicon Valley Business Journal, writes about why he joined the American City Business Journals paper. Bordelon writes, “I’ve passed around SVBJ’s paper edition to make sure another...

How Bloomberg could buy the NY Times

Talking Biz News - 3 hours 43 min ago
Henry Blodget of Business Insider writes about how Michael Bloomberg could add the New York Times to his media empire. Blodget writes, “As cheery a picture as New York Times leaders paint of their...

JPMorgan to pay $99.5 million to resolve currency rigging lawsuit

Breaking Business News - 4 hours 27 min ago
NEW YORK (Reuters) - JPMorgan Chase & Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.

Exclusive: Treasury official among those eyed for regional U.S. Fed openings

Breaking Business News - 4 hours 58 min ago
(Reuters) - A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.






BMW, Bosch join Deutsche Bahn in airline cartel damages claim

Breaking Business News - 5 hours 28 min ago
FRANKFURT (Reuters) - German carmaker BMW and car supplier Bosch [ROBG.UL] said on Saturday they would join Deutsche Bahn [DBN.UL] in two claims for about 2.1 billion euros ($2.4 billion) in damages from air freight carriers who were involved in a cartel.






Exclusive: GM and China’s SAIC to push into Indonesia with no-frills vans

Breaking Business News - 5 hours 44 min ago
BEIJING (Reuters) - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.

Energy may see further weakness as key names report

Breaking Business News - 7 hours 7 min ago
NEW YORK (Reuters) - Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week.

Greek emergency funding would be a decision for ECB council: Constancio

Breaking Business News - 7 hours 8 min ago
CAMBRIDGE, England (Reuters) - ECB Vice-President Vitor Constancio said on Saturday that a decision on whether to give Greece emergency funding would be up to the central bank's Governing Council.






Energy reporter laid off at the KC Star

Talking Biz News - Fri, 01/30/2015 - 21:28
Steve Everly, who has covered energy and utilities at the Kansas City Star and been there for 28 years, was among those laid off at the paper, reports David Hudnall of Pitch. Hudnall writes,...

This week’s top business news — Jan. 26-30, 2015

Talking Biz News - Fri, 01/30/2015 - 21:17
Two CEOs resigned, more earnings poured in and economic indicators were announced, but this week’s business news centered around one thing: the Super Bowl. With Sunday quickly approaching, business journalists covered every aspect of...

Brady leaves Bloomberg Businessweek

Talking Biz News - Fri, 01/30/2015 - 21:14
Diane Brady, a senior editor at Bloomberg Businessweek, has left the magazine. Her last day was on Friday. On her Facebook page, Brady said she was joining a new media venture. Brady had been...

Honda says fatal crash involved Takata air bag inflator rupture

Breaking Business News - Fri, 01/30/2015 - 20:50
DETROIT (Reuters) - Honda Motor Co Ltd on Friday said it has confirmed that a Takata Corp air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver.

Wall St. closes down for January, Shake Shack rallies in debut

Breaking Business News - Fri, 01/30/2015 - 20:29
NEW YORK (Reuters) - U.S. stocks closed down on Friday after a volatile session as investors worried at the end of a rough month for the market about weak U.S. growth data and whether instability in Europe could hurt corporate earnings in the United States.






Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval

Breaking Business News - Fri, 01/30/2015 - 20:00
WASHINGTON (Reuters) - Food distributor Sysco Corp and its biggest rival, US Foods Inc , have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters.

Honda says fatal crash involved Takata air bag inflator rupture

Breaking Business News - Fri, 01/30/2015 - 19:34
DETROIT (Reuters) - Honda Motor Co on Friday said it has confirmed that a Takata Corp air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver.






AT&T top buyer at U.S. airwaves auction; Dish spends big

Breaking Business News - Fri, 01/30/2015 - 19:27
WASHINGTON/SAN FRANCISCO (Reuters) - AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday.