DETROIT, Dec 12- Compensation for Mary Barra, who will become General Motors Co chief executive on Jan. 15, has not yet been determined, the automaker said in a U.S. regulatory filing on Thursday. Barra, who is 51 but will turn 52 by the time she takes over as CEO, had total compensation of about $4.9 million in 2012, including a $750,000 cash salary, according to the filing.» Read More
*JPMorgan stock rises after quarterly profit jumps. NEW YORK, July 12- The broad U.S. stock market took a break on Friday after a six-day climb, although bank stocks gained slightly after strong earnings from big lenders JPMorgan Chase and Wells Fargo.
*Zurich sells $283 mln worth of shares in New China Life. HONG KONG/ ZURICH, July 12- Zurich Financial Services has sold about $283 million worth of shares in New China Life Insurance, paring its stake in China's third-biggest life insurer in an attempt to diversify its Asian portfolio.
FRIEDRICHSHAFEN, Germany, July 12- Makers of outdoor clothing are bowing to pressure to get rid of many of the chemicals in their kit that help keep hikers and climbers warm and dry but are also harmful to the environment.
July 12- The U.S. Securities and Exchange Commission has barred three former employees of Bernard Madoff's now defunct brokerage and investment advisory firm from the securities industry for assisting the convicted Ponzi schemer with his multi-billion dollar scam, according to orders from the agency.
NEW YORK, July 12- Welder Mark Moynihan crawled down a narrow tube into a space the size of a car interior to seal the crack in the fermentation tank at Calhoun's Bar-B-Q& Brewery in Knoxville, Tennessee. He died 75 days after the 2009 accident, just before his 40th birthday, said his widow, Kim Moynihan.
*Dollar up on view that U.S. will be first to halt stimulus. NEW YORK, July 12- The dollar rose broadly on Friday as investors bought back the currency in the wake of a steep selloff, confident that the U.S. Fed Chairman Ben Bernanke cast doubts on Wednesday over when the central bank will start slowing its asset-purchase program.
WASHINGTON, July 12- China acknowledged U.S. concerns about cyber theft of intellectual property and trade secrets and agreed to steps that would open its financial and government procurement markets, the U.S. Treasury Department said on Friday.
Krafcik declined to comment on whether Hyundai has a new plant in North America coming. " Hyundai said in May that it was considering building new assembly plants outside South Korea.
*Nokia to report second-quarter earnings. HELSINKI, July 12- Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own.
NEW YORK, July 12- Upscale fashion accessories maker Michael Kors Holdings Ltd sued Costco Wholesale Corp on Friday, accusing the largest U.S. warehouse club retailer of running a "bait-and-switch" false advertising scheme.
WASHINGTON, July 12- The U.S. Commodity Futures Trading Commission voted 3-1 on Friday to delay the date when financial firms must begin complying with some of its new cross-border derivatives rules. The swaps regulator had already approved new guidance laying out how its rules will apply to foreign firms doing business with U.S. companies.
*Exporters sell U.S. corn to China. CHICAGO, July 12- New-crop U.S. soybean and corn futures sank on Friday as traders took profits following recent gains, while nearby contracts gyrated in extremely volatile conditions ahead of their expiration.
LONDON, July 12- European shares edged lower on Friday, with mixed economic data and renewed concerns about the political risks in the euro zone prompting investors to lock in profits at the end of the market's best week since April.
Trade Representative Michael Froman urged India on Thursday to reverse course on policies that he said discriminated against American companies and were fraying relations between the world's two largest democracies.
NEW YORK, July 12- World stock indexes were little changed on Friday, pausing after recent sharp gains as investors' focus shifted to U.S. corporate earnings while the dollar bounced from a steep sell-off.
WASHINGTON, July 12- The U.S. Commodity Futures Trading Commission voted on Friday to adopt final guidance laying out how its derivative rules will apply to foreign companies dealing with U.S. firms. The U.S. swaps regulator reached a deal this week with the European Union on how to handle the divisive issue regarding the $630 trillion derivatives market.
*Portugal worries add safe-haven bids for Treasuries. Political and financial troubles in Portugal and a warning about weakening Chinese growth revived safe-haven bids for less risky U.S. government debt, sending benchmark yields to their lowest level in a week and some 20 basis points below a near two-year peak set on Monday.
*Agreements reached with UK, Switzerland, Germany other countries. To help banks in countries with legal issues, Treasury and the IRS have been working on agreements that will let the home-country governments of foreign banks act as information-disclosing intermediaries to deal with the IRS.
*Vatican bank struggles to get past scandals. ROME, July 12- The Vatican said on Friday it had frozen funds belonging to a senior cleric at the centre of a suspected money smuggling operation, and could open investigations into other individuals.
WASHINGTON, July 12- Worries about rising interest rates and falling stock prices hit U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices that could make the U.S. The Thomson Reuters/ University of Michigan's preliminary reading for its index of U.S. consumer sentiment edged down to 83.9 from 84.1 in June.