Nissan to recall 841,000 vehicles due to steering wheel glitchTOKYO (Reuters) - Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No.2 automaker … More »Nissan to recall 841,000 vehicles due to steering wheel glitch
TOKYO (Reuters) - Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No.2 automaker said on Thursday. Nissan is recalling certain models of the Micra compact car produced in Britain and Japan between 2002 …
- Average U.S. 401(k) balance tops $80,000, up 75 percent since 2009
BOSTON (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity … More »Average U.S. 401(k) balance tops $80,000, up 75 percent since 2009
BOSTON (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts. Most of the recovery is linked to a stock market …
Jobless claims data suggests labor market strengthBy Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening … More »Jobless claims data suggests labor market strength
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. The improving job market tone is helping to prop up housing, with rising home prices keeping domestic …
Apple enjoyed Irish tax holiday from the startBy Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's … More »Apple enjoyed Irish tax holiday from the start
By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism …
EU wants big companies to reveal national tax billsBy John O'Donnell BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians … More »EU wants big companies to reveal national tax bills
By John O'Donnell BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said …
- U.S. House votes to force approval of Keystone pipeline
By Ros Krasny WASHINGTON (Reuters) - The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the … More »U.S. House votes to force approval of Keystone pipeline
By Ros Krasny WASHINGTON (Reuters) - The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration. The Republican-controlled …
U.S., Chinese factories struggle, Fed hints at less stimulusBy Andy Bruce and Steven C. Johnson LONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, … More »U.S., Chinese factories struggle, Fed hints at less stimulus
By Andy Bruce and Steven C. Johnson LONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam. Thursday's downbeat business surveys …
Wall St. drops on stimulus plan unease, China dataBy Chuck Mikolajczak NEW YORK (Reuters) - Stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus … More »Wall St. drops on stimulus plan unease, China data
By Chuck Mikolajczak NEW YORK (Reuters) - Stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus may be scaled back sooner than hoped and after weak data in China. The S&P 500 had posted its biggest decline in three …
Ford to close Australia auto plantsSYDNEY (Reuters) - Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief Executive Bob Graziano said … More »Ford to close Australia auto plants
SYDNEY (Reuters) - Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief Executive Bob Graziano said the company will close its engine plant in Geelong and its assembly plant in Broadmeadows, both in the state of Victoria. …
Global shares sink on U.S. stimulus pullback, Chinese growth fearsBy Richard Hubbard LONDON (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals … More »Global shares sink on U.S. stimulus pullback, Chinese growth fears
By Richard Hubbard LONDON (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus program. The yen bounced sharply off recent lows and German …
- Borders gift card holders deserve nothing, judge rules
By Jonathan Stempel (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled … More »Borders gift card holders deserve nothing, judge rules
By Jonathan Stempel (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday. U.S. District Judge Andrew Carter said it would be unfair to other creditors of the former Borders Group …
HP raises 2013 outlook as Whitman's plan takes holdBy Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking … More »HP raises 2013 outlook as Whitman's plan takes hold
By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, …
New home sales rise, prices surge to record highs(Reuters) - Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact. The Commerce Department said … More »New home sales rise, prices surge to record highs
(Reuters) - Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact. The Commerce Department said on Thursday sales increased to a seasonally adjusted annual rate of 454,000 units. Economists polled by Reuters had expected …
Fed not "that close" to winding down stimulus: BullardBy Marc Jones LONDON (Reuters) - A senior central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke … More »Fed not "that close" to winding down stimulus: Bullard
By Marc Jones LONDON (Reuters) - A senior central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke sent stock markets tumbling. James Bullard, president of the Federal Reserve Bank of St. Louis, said on Thursday …
Apple, former Washington wallflower, now at center of tax fightBy Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now … More »Apple, former Washington wallflower, now at center of tax fight
By Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker has taken the lead, perhaps inadvertently, on a top priority for U.S. business: simplifying America's tax …
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