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Updated: 26 min 6 sec ago

Justice Department probing Moody's for mortgage deal grades: WSJ

1 hour 14 min ago
(Reuters) - The U.S. Department of Justice is investigating Moody's Investors Services for issuing favorable grades on mortgage deals in the lead-up to the financial crisis, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

Obama targets foreign profits with tax proposal, Republicans skeptical

3 hours 46 min ago
WASHINGTON (Reuters) - President Barack Obama's fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday.






CRH confirms $7.34 billion deal to buy assets from Lafarge SA, Holcim: WSJ

5 hours 14 min ago
(Reuters) - Irish building materials company CRH Plc confirmed that it agreed to pay $7.34 billion for assets from cement companies Lafarge SA and Holcim Ltd , the Wall Street Journal reported on Sunday.

Ford CFO says sees ongoing problems in Russia: Handelsblatt

7 hours 15 min ago
FRANKFURT (Reuters) - The finance chief of Ford Motor Co expects ongoing problems in Russia where the decline of the rouble and the struggling economy was weighing on its market share, according to German newspaper Handelsblatt.

Fed's 'solid' growth view faces test as Greek drama unfolds

15 hours 1 min ago
BRUSSELS (Reuters) - The Federal Reserve's upgraded view that growth in the world's biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week.






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

17 hours 51 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.

China factory sector jolts by shrinking in January

Sun, 02/01/2015 - 00:48
BEIJING (Reuters) - China's factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown.






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

Sat, 01/31/2015 - 20:49
(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.

Germany, ECB play hardball with Greece

Sat, 01/31/2015 - 15:42
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

Sat, 01/31/2015 - 15:37
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

Sat, 01/31/2015 - 14:06
(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

Sat, 01/31/2015 - 13:42
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.

JPMorgan to pay $99.5 million to resolve currency rigging lawsuit

Sat, 01/31/2015 - 12:35
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

Sat, 01/31/2015 - 12:05
(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

Sat, 01/31/2015 - 11:34
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

Sat, 01/31/2015 - 11:18
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

Sat, 01/31/2015 - 09:56
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

Sat, 01/31/2015 - 09:55
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.






Honda says fatal crash involved Takata air bag inflator rupture

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

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.