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GM PRESIDENT AMMANN SAID FEINBERG WILL DECIDE WHO GETS COMPENSATION INDEPENDENT FROM COMPANY.
GM CEO BARRA SAYS 113,000 CARS HAVE BEEN REPAIRED SO FAR IN THE RECALL.
WARREN, Mich., June 5- General Motors Co suffered from "incompetence and neglect" in dealing with a long-running ignition-switch defect in vehicles linked to at least 13 deaths, CEO Mary Barra said on Thursday, as she announced the creation of a fund to compensate victims.
GM CEO BARRA SAYS HAS PRODUCED OVER 280,000 KITS TO REPAIR THE CARS AFFECTED IN RECALL.
GM CEO BARRA SAYS GENERAL COUNSEL MICHAEL MILLIKIN STILL EMPLOYED AT COMPANY.
BONN, Germany, June 5- Global warming is causing trillions of dollars of damage to coral reefs, aggravating risks to tropical small island states threatened by rising sea levels, a U.N. report said on Thursday.
GM CEO BARRA SAYS COMPANY WILL NOT MAKE NAMES OF 15 EXECUTIVES WHO HAVE LEFT PUBLIC.
*Interest rates have been stuck at 12 pct since 2011. ABUJA, June 5- Nigeria's new central bank governor said on Thursday he would seek to gradually lower interest rates for the first time in over two years, abandoning the hawkish monetary policy of his ousted predecessor that cut inflation to single digits.
GM CEO BARRA SAYS COOPERATING FULLY WITH DEPARTMENT OF JUSTICE AND OTHERS DOING PROBES.
GM CEO BARRA SAYS RECALL DECISION PROCEDURE NOW INCLUDES HERSELF, AMMANN AND REUSS.
GM CEO BARRA SAYS TWO ROOT ISSUES, PART DIDN'T MEET PERFORMANCE REQUIREMENTS AND PEOPLE AT COMPANY DIDN'T UNDERSTAND CONNECTION OF THAT TO THE PROBLEMS THAT AROSE.
OBAMA SAYS "WOULD HAVE BEEN PREFERABLE TO PRESS THE PAUSE BUTTON" ON FRENCH SALE OF MISTRAL SHIPS TO RUSSIA.
June 5- Mining equipment maker Joy Global Inc reported a better-than-expected quarterly profit and said orders for maintenance services rose for the second straight quarter. Joy Global shares rose as much as 5.3 percent in early trading on Thursday.
GM PRESIDENT AMMANN SAYS RULES AND ELIGIBILITY OF COMPENSATION FUND WILL BE SET BY KEN FEINBERG.
LONDON, June 5- Britain's anti-fraud agency is examining information from a global investigation into the possible manipulation of currency markets, in the first sign it might follow the United States in launching a criminal investigation.
GM PRESIDENT AMMANN SAYS THE 13 FATALITIES LINKED TO BAD PART IS WHAT THE COMPANY KNOWS, DIDN'T SPECULLATE IF NUMBER WOULD RISE.
GM CEO BARRA SAYS THERE HAS BEEN A LOT OF STRENGTHENING DONE IN PRODUCT DEVELOPMENT AND MORE WILL BE MADE.
GM CEO BARRA SAYS FOUR DIFFERENT DEPARTMENTS WERE REPRESENTED IN THE DEPARTURES OF THE 15 EMPLOYEES.
GM CEO BARRA COULDN' T SAY WHY ENGINEERS FAILED TO CATCH THE PROBLEM EARLY ON.
GM'S REUSS SAYS REPORT DOES NOT ADDRESS WHETHER OTHER PARTS MAY HAVE BEEN CHANGED WITHOUT THE PART NUMBER BEING CHANGED.