Wall St. higher as bank stocks gain after GDP data
(Reuters) - U.S. stocks were higher in morning trading on Thursday as bank stocks gained after data showed that the domestic economy grew at a faster pace in the fourth-quarter than previously estimated.
Fourth-quarter economic growth revised higher, boosted by consumer spending
WASHINGTON (Reuters) - U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years.
Volkswagen settles 10 U.S. state diesel claims for $157 million
WASHINGTON (Reuters) - Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal.
Einhorn's GM plan poses conflict challenge for board
NEW YORK (Reuters) - Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's
shares into two classes poses a potential corporate governance minefield for GM board members.
U.S. awards AT&T contract to build wireless network for first responders
(Reuters) - The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks.
Unions threaten to scupper Linde-Praxair merger
FRANKFURT/MUNICH (Reuters) - Linde
labor representatives will vote against the German industrial gases group's planned $65 billion merger with U.S. rival Praxair , the head of the German works council told Reuters on Thursday, in a move that could scupper the deal.
Saudi Aramco formally appoints banks to advise on share sale
LONDON (Reuters) - Saudi Aramco
has formally appointed JPMorgan Chase & Co , Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters.
Investors bet on a quiet tech revolution in Europe
LONDON (Reuters) - It's not banking or mining shares, but rather technology stocks, that have come up trumps in Europe this year and are poised to end the first quarter as the best-performing sector.
China's LeEco secures $2.2 billion for expansion from new investors
TAIPEI (Reuters) - Chinese tech conglomerate LeEco has successfully raised nearly $2.2 billion from new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings <1918.HK>, stock market filings on Thursday showed.
Ford hires 400 engineers, mostly in Canada, as cars go high tech
SAN FRANCISCO (Reuters) - Ford Motor Co
said on Thursday it was hiring 400 engineers, mostly in Canada, to work on connectivity software and hardware, part of a wider push to meet demand for more connected cars.