16 September, 2015 by The TZ Newswire Staff Comments Off on GM to pay $900 million, settle U.S. criminal case over ignition switches
GM to pay $900 million, settle U.S. criminal case over ignition switches
General Motors Co (GM.N) has agreed to pay $900 million and sign a deferred-prosecution agreement to end a U.S. government investigation into its handling of an ignition-switch defect linked to 124 deaths, two sources told Reuters. The deal means GM will be charged criminally with hiding the defect from regulators and in the process defrauding consumers, but the case will be put on hold while GM fulfills terms of the deal, one source said.
16 September, 2015 by The TZ Newswire Staff Comments Off on GM to pay $900 million, settle U.S. criminal case over ignition switches
GM to pay $900 million, settle U.S. criminal case over ignition switches
General Motors Co (GM.N) has agreed to pay $900 million and sign a deferred-prosecution agreement to end a U.S. government investigation into its handling of an ignition-switch defect linked to 124 deaths, two sources told Reuters. The deal means GM will be charged criminally with hiding the defect from regulators and in the process defrauding consumers, but the case will be put on hold while GM fulfills terms of the deal, one source said.
16 September, 2015 by The TZ Newswire Staff Comments Off on Oil prices dip as Japan’s exports slow further
Oil prices dip as Japan’s exports slow further
Oil prices dipped on Thursday after Asia’s economies showed new signs of weakness, but prices largely held on to a big jump in the previous session after a U.S. stock draw, with some analysts saying oil markets may have bottomed out. Japan’s exports slowed for a second straight month in August in an increasingly worrying sign that China’s economic slowdown is hurting the entire region. U.S.
16 September, 2015 by The TZ Newswire Staff Comments Off on Oil prices dip as Japan’s exports slow further
Oil prices dip as Japan’s exports slow further
Oil prices dipped on Thursday after Asia’s economies showed new signs of weakness, but prices largely held on to a big jump in the previous session after a U.S. stock draw, with some analysts saying oil markets may have bottomed out. Japan’s exports slowed for a second straight month in August in an increasingly worrying sign that China’s economic slowdown is hurting the entire region. U.S.
16 September, 2015 by The TZ Newswire Staff Comments Off on Fed begins two-day meeting, result seen too close to call
Fed begins two-day meeting, result seen too close to call
The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006. The decision by the U.S. central bank’s Federal Open Market Committee (FOMC) is expected on Thursday at 2 p.m. (1800 GMT). U.S. economic data are flashing conflicting signals, with unemployment falling but inflation subdued, while slowing growth in China has led to a 40 percent fall in Shanghai stocks (.SSEC) in three months, leaving global markets on edge.
16 September, 2015 by The TZ Newswire Staff Comments Off on Fed begins two-day meeting, result seen too close to call
Fed begins two-day meeting, result seen too close to call
The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006. The decision by the U.S. central bank’s Federal Open Market Committee (FOMC) is expected on Thursday at 2 p.m. (1800 GMT). U.S. economic data are flashing conflicting signals, with unemployment falling but inflation subdued, while slowing growth in China has led to a 40 percent fall in Shanghai stocks (.SSEC) in three months, leaving global markets on edge.
16 September, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart worker group splits in two; both sides vow to continue wage fight
Wal-Mart worker group splits in two; both sides vow to continue wage fight
CHICAGO/LOS ANGELES (Reuters) – A Wal-Mart Stores Inc worker group that has been one of the loudest voices pushing the retailer to boost wages and improve conditions has splintered over a disagreement about funding and strategic direction, according to people on both sides of the split. Both wings are claiming the name OUR Walmart and vow to continue their work, moves that could sow confusion among supporters.