Exclusive: GE nears deal to sell over $30 billion of loans to Wells Fargo - source

- General Electric Co is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co , according to a person familiar with the matter, as the industrial conglomerate returns to its roots.

Recent Business News

UAW leaders send Fiat Chrysler pact to workers for vote

DETROIT - U.S. union United Auto Workers' leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV , sending the proposed agreement to 40,000 workers for a ratification vote.

09 Oct 2015

Twitter plans layoffs next week: Re/code

- Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources.

09 Oct 2015

Bombardier in talks with North American airlines on CSeries jet orders

TORONTO/PARIS - Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers.

China concerns leave central banks in difficult spot

LONDON - The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight.

09 Oct 2015

California gives Volkswagen November 20 deadline for technical fix in diesel scandal

SAN FRANCISCO - California has given carmaker Volkswagen until November 20 to come up with a plan to fix the diesel cars affected by its rigging of emissions tests, a spokesman for the California Air Resources Board (CARB) said on Friday.

09 Oct 2015


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