Business News Headlines

Sat, Aug 30 2014

Fiat-Chrysler sees New York stock market listing on October 13

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RIMINI Italy - Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month.

30 Aug 2014

Worried EU leaders call jobs, growth summit for October 7: draft

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BRUSSELS - European Union leaders are set to hold an emergency summit on promoting growth and jobs on Oct. 7 at the suggestion of Italy, according to a draft of a statement to be issued after an EU summit on Saturday.

30 Aug 2014

Fri, Aug 29 2014

U.S. coal stocks could gain on Russia tension

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NEW YORK - Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe’s natural gas supply.

Investors' eyes pinned on ECB as Europe's health deteriorates

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BRUSSELS - The European Central Bank meeting on Thursday is the prime event for markets seeking clarity on the bank's response to a stalled recovery, disappearing inflation and the sluggish pace of reform in the euro zone.

5:15am EDT

Swatch prefers go-it-alone route for smartwatch plans

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BIEL (Switzerland) - Swatch Group is happy to go it alone with a launch next year of watches with "smart" features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion.

Tech, Media 5:20am EDT

Sat, Aug 30 2014

Alibaba aims to launch share sale in early September: source

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HONG KONG - Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday.

30 Aug 2014

China graft watchdog probes another executive at Chinese car maker

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BEIJING - China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company.

30 Aug 2014

Fiat-Chrysler CEO says shareholders backing of merger is 'huge step ahead'

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RIMINI Italy - The fact that most Fiat shareholders chose not to exercise an option that could derail a merger with its U.S. unit Chrysler is a "huge step ahead" for the car maker, Fiat and Chrysler Sergio Marchionne said on Saturday.

30 Aug 2014

Fri, Aug 29 2014

Exclusive: U.S. options exchanges craft rules to fend off turmoil

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NEW YORK - A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transactions, according to draft documents seen by Reuters.

Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission

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NEW YORK - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday.

29 Aug 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.