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Fed nominee Fischer: policy decisions are best made early

Friday, March 14, 2014

PALO ALTO, California (Reuters) - Stanley Fischer, U.S. President Barack Obama's pick for the No. 2 job at the Federal Reserve, said on Friday that decades of crisis-fighting have taught him the importance of making policy decisions quickly, even before all relevant data is in hand.






Canadian class-action lawsuit filed against Mt. Gox, Mizuho Bank

Friday, March 14, 2014

(Reuters) - A class-action lawsuit has been filed in Canada against Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency, along with Mizuho Bank Ltd, one of Japan's largest lenders.

Lawsuit kicks off class action claims against GM

Friday, March 14, 2014

NEW YORK (Reuters) - General Motors was hit on Friday with what appeared to be the first lawsuit related to the recall of 1.6 million cars, as customers claimed their vehicles lost value because of ignition problems blamed for a series of fatal crashes.






Sears' board approves spinning off Lands' End clothing business

Friday, March 14, 2014

(Reuters) - Eddie Lampert-controlled Sears Holdings Corp said on Friday its board approved the spin off on April 4 of its Lands' End clothing business.

Sina Weibo files for $500 million U.S. IPO

Friday, March 14, 2014

SAN FRANCISCO (Reuters) - Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.






Crimea vote to keep markets on edge

Friday, March 14, 2014

NEW YORK (Reuters) - Investors will start the week early as the Sunday referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide.

Wall Street ends lower on jitters over upcoming Crimea vote

Friday, March 14, 2014

NEW YORK (Reuters) - Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend.






Sandwich chain Quiznos files for bankruptcy protection

Friday, March 14, 2014

(Reuters) - Sandwich chain Quiznos Corp filed for pre-packaged bankruptcy protection on Friday after struggling for years with high debt and rising competition.

Boeing CEO McNerney earns $23.3 million in 2013

Friday, March 14, 2014

(Reuters) - Boeing Co's Chief Executive W. James McNerney earned $23.3 million in 2013 compared with $27.5 million in 2012, as the value of his pension was unchanged last year.

Tesla chief slams New Jersey for barring direct car sales

Friday, March 14, 2014

(Reuters) - Tesla Motors Inc escalated its war of words with New Jersey on Friday, lambasting a regulatory change approved by the state earlier this week that bars the "green car" company from selling vehicles directly to the public.






Lawsuit says GM hid ignition defect in recalled cars

Friday, March 14, 2014

NEW YORK (Reuters) - General Motors was hit with a lawsuit on Friday from customers who said their vehicles lost value because of ignition problems that prompted a recall of 1.6 million cars.

U.S. regulator sues 16 banks for rigging Libor rate

Friday, March 14, 2014

NEW YORK/WASHINGTON (Reuters) - The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.






GoDaddy eyes initial public offering: sources

Friday, March 14, 2014

(Reuters) - Web hosting company The GoDaddy Group Inc is preparing for a second run at an initial public offering, according to two people familiar with the matter, as the 2014 tech IPO pipeline continues to grow.

Canada investigating fatal crash for possible link to GM defect

Friday, March 14, 2014

OTTAWA (Reuters) - Canada's transport ministry said on Friday it is investigating a fatal car crash that appears to be related to an ignition defect in cars recalled last month by General Motors Co <GM.N.

Mexico telecoms reform could take years to unseat Slim

Friday, March 14, 2014

MEXICO CITY (Reuters) - Tycoon Carlos Slim, under fire from regulators in his home country, has spent the last two years sniffing out deals in Europe to offset an impending regulatory shake-up of Mexican telecoms.






IBM says it has not given client data to the U.S. government

Friday, March 14, 2014

NEW YORK (Reuters) - International Business Machines Corp has not relinquished its customers' data to the U.S. government and would challenge any orders to do so, the company said in a blog post on Friday.

Target warns data breach could be worse than reported so far

Friday, March 14, 2014

BOSTON/NEW YORK (Reuters) - Target Corp warned that last year's massive security breach could have been more extensive than reported so far, leading to further losses at the No. 3 U.S. retailer.






Small roaster leads way on price hikes as coffee surges, Starbucks resists

Friday, March 14, 2014

NEW YORK (Reuters) - The biggest arabica coffee rally in two decades is beginning to force smaller-brand roasters to quietly raise wholesale prices, even as top names such as Starbucks Corp resist.

Delaware court upholds Perelman-M&F ruling, may alter buyouts

Friday, March 14, 2014

(Reuters) - Ronald Perelman's buyout of a company he controlled was not subject to heightened court review because the billionaire acted as if he were an outside buyer, according to a Delaware Supreme Court ruling that could affect future insider deals.

Starbucks gives up exclusive license to high-end Keurig pods

Friday, March 14, 2014

(Reuters) - Starbucks Corp will get a wider selection of Keurig Green Mountain Inc's single-serve K-Cup coffee packs, in exchange for giving up the exclusive license for Keurig's highest-end coffee pods, the companies said on Friday.






Western banks cold-shoulder Iran trade finance scheme

Friday, March 14, 2014

LONDON/ANKARA (Reuters) - Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalized under U.S. sanctions, bankers and government officials told Reuters.

Outsider Patrick Drahi defies French establishment to win SFR

Friday, March 14, 2014

PARIS (Reuters) - When Franco-Israeli telecoms billionaire Patrick Drahi entered the race to acquire Vivendi's SFR , his powerful rivals seemed to suddenly agree on a common goal: keeping him out.

Fed's Fisher says U.S. housing on 'sustainable rebound'

Friday, March 14, 2014

(Reuters) - The U.S. housing sector, whose rise and subsequent crash has made the recovery from the last recession the slowest in decades, now appears to be on a "sustainable rebound," a top Federal Reserve official said.

Lockheed CEO Hewson earned $25.2 million in 2013

Friday, March 14, 2014

(Reuters) - Weapons maker Lockheed Martin Corp paid Chief Executive Marillyn Hewson $25.2 million in 2013, more than doubling her compensation in her first year in the job, according to a regulatory filing.

Vodafone close to deal to buy Spain's Ono: sources

Friday, March 14, 2014

MADRID/LONDON (Reuters) - Shareholders of telecommunications company Ono are close to agreeing a deal with Britain's Vodafone which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said.






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