GO
Loading...

Alabama

More

  • *Takata CEO says still examining recall costs- shareholder. TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • Since Detroit filed the biggest municipal bankruptcy in U.S. history last July, Syncora has objected to the city's moves nearly every step of the way- from an early agreement with investment banks over interest rate swaps to the more recent "grand bargain" designed to save the Detroit Institute of Arts.

  • The Fed and the SEC also brought civil charges against three former managers at the company's Regions Bank unit: Thomas Neely Jr, once a senior commercial credit executive; Jeffrey Kuehr, who led a problem loan workout department; and Michael Willoughby, who was chief credit officer.

  • *Honda, Nissan, Mazda recall vehicles for potential Takata air bag issue. TOKYO/ DETROIT, June 23- Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.

  • New York Governor Andrew Cuomo, a Democrat, has backed the proposed increase to $8.50 from the current $7.25 an hour, but the bill has met heavy resistance in the state senate, where Republicans have a power sharing agreement with a breakaway group of Democrats.

  • June 19- Aluminum giants Alcoa Inc and Novelis Inc spent decades wooing Detroit's automakers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminum.

  • *Company changed name to Airbus Group from EADS. ATLANTA, June 17- Airbus Group's recent name change is enhancing how the European weapons and planemaker is perceived, particularly among U.S. government customers, a company executive said on Tuesday. The new name matched the company's legal title to its flagship brand and commercial plane unit, Airbus.

  • NEW YORK, June 10- Largely ignored during much of last year's 30 percent rally in the Standard& Poor's 500 Index, the stocks leading the U.S. market this year rank among its usually sleepiest components. The best sector in 2014 is utilities, including Consolidated Edison, about as staid a group as one can get.

  • *Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks were nearly flat on Monday after the Dow and S&P 500 hit intraday record highs again on more deal news, while Wall Street's fear gauge rebounded.

  • DETROIT, June 5- The United Auto Workers union said on Thursday it will announce as soon as next week a plan to organize workers at the Daimler AG Mercedes-Benz plant in Alabama. Casteel did not offer details of the UAW's plan in Alabama.

  • DETROIT, June 2- Retiring United Auto Workers President Bob King said in his farewell address on Monday said that if the union is to regain the power it once had it will have to make itself a global player, including organizing foreign automakers in the United States.

  • TOKYO, June 2- Japanese insurer Dai-ichi Life Co is in advanced talks to buy U.S. peer Protective Life Corp in a deal that could be worth over $5 billion, extending a drive to buy assets abroad as an antidote to a weak domestic outlook.

  • TOKYO, June 2- Japan's Nikkei share average climbed to a two-month closing high on Monday after strong Chinese factory data lifted sentiment. But Dai-ichi Life Insurance Co Ltd tumbled on news that it is in talks to buy a U.S. life insurance company, with investors wondering how the company would fund the acquisition.

  • TOKYO, June 2- Japanese insurer Dai-ichi Life Co is in advanced talks to buy Protective Life Corp of the United States in a deal that could be worth over $5 billion, a source with direct knowledge of the matter said on Monday.

  • TOKYO, June 2- Japanese insurer Dai-ichi Life Co is considering the possibility of issuing shares to raise funds if it successfully concludes advanced talks to buy Protective Life Corp of the United States, a source with direct knowledge of the matter said.

  • TOKYO, June 2- Japan's Nikkei share average climbed to an eight-week high after strong Chinese factory data and rising Japanese corporate spending lifted sentiment. But Dai-ichi Life Insurance Co Ltd tumbled on news that it is in talks to buy a U.S. life insurance company, with investors wondering how the company would fund the acquisition.

  • *Acquisition likely to be worth over $5 billion. TOKYO, June 2- Japanese insurer Dai-ichi Life Co is in advanced talks to buy Protective Life Corp of the United States, a source with direct knowledge of the matter said, in a deal likely to be worth over $5 billion, the biggest acquisition by a Japanese insurer.

  • King, 67, said the UAW remains actively involved in talks with Volkswagen AG about representing workers at a Chattanooga, Tennessee, plant, where the union lost a close vote in February despite having tacit support from VW.

  • *Brent rises above $109, Libya oil recovery short-lived. NEW YORK, May 16- Global equity markets turned higher late on Friday after being down most of the session on concerns about economic growth, while government debt prices fell on surprisingly strong U.S. housing data.

  • *J.C. Penney, Nordstrom soar a day after results. NEW YORK, May 16- U.S. stocks slipped on Friday, trimming some of their earlier declines after some positive earnings, though investors remained wary of lingering weakness in small-cap names.