(Reuters) – Chrysler is recalling more than 211,000 vehicles in the United States due to a software malfunction that could disable the electronic stability control system, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. Due to the malfunction, the Anti-Lock Brake System (ABS) control module may disable the electronic stability control system, the…
By Harry Robertson LONDON (Reuters) -European shares and U.S. stock futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2%, while the dollar regained ground against the yen. There was little major reaction to data showing the U.S. personal consumption expenditures index, the Federal Reserve’s preferred measure…
By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors have bought more than $10 billion of Indian government bonds that will be included in a widely-followed JPMorgan debt index on June 28, taking their ownership of such papers to a record high. In the nine months since JPMorgan said India’s sovereign debt will be included in…
By Rich McKay (Reuters) – Winds and lightning strikes have sparked and fanned wildfires across the Pacific Northwest this week, including the largest fire in the United States, near the Oregon-Idaho border, which grew rapidly on Friday, fire officials said. The Durkee Fire near Huntington, Oregon, about 100 miles (160 km) north of Boise, Idaho,…
By Davide Barbuscia and Gertrude Chavez-Dreyfuss BOSTON (Reuters) – U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to keep up with the ballooning size of the market. Liquidity – or the ability to trade…
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking and strong capital market activity. More companies are tapping capital markets to raise funds and striking takeover deals as they become confident in the U.S. economy’s ability…
(Reuters) – Americans still prefer to buy a standard gas vehicle over a hybrid or an electric vehicle even with the same price and features, a KPMG study said on Thursday. Only one-fifth of people surveyed said they would purchase an EV over a gas-powered vehicle or hybrid vehicle. The show of preference comes amid…
By Jonathan Stempel (Reuters) – The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday. U.S. District Judge William Martini in Newark, New Jersey, said that while Gene…
By Zeba Siddiqui SAN FRANCISCO (Reuters) – If Alphabet’s Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon.com and Microsoft, experts said. Alphabet is in advanced talks to acquire Wiz,…
By Alexandra Ulmer (Reuters) – A major spending group backing Republican Donald Trump brought in nearly $70 million in donations last month and plans to spend $100 million in advertising over the summer across U.S. election battleground states, according to a memo sent to donors and seen by Reuters. The June 4 memo, written by…
