Fiat Chrysler CEO says can build Tesla Model 3 rival if makes business sense

Fiat Chrysler Automobiles (FCA) could build an Italian-style rival to Tesla's Model 3 within 12 months if the electric carmaker can prove the vehicle makes business sense, FCA Chief Executive Sergio Marchionne said on Friday. Tesla said last week it had received more than 325,000 orders for its new Model 3 sedan in the first week of bookings, although there is no certainty it will be …

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Fiat Chrysler CEO says can build Tesla Model 3 rival if makes business sense

SunEdison says in talks for potential bankruptcy financing

SunEdison, which is widely expected to file for bankruptcy soon, said it needed about $310 million to stay in business, estimating a cash shortfall of $260 million by mid-June. SunEdison said it expected to secure

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SunEdison says in talks for potential bankruptcy financing

Despite pay revolt, BP shareholders sticking with Dudley

By Karolin Schaps LONDON (Reuters) – The future of Bob Dudley at the head of BP seems untarnished by shareholders' unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a…

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Despite pay revolt, BP shareholders sticking with Dudley

Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates

By Agnieszka Flak AMSTERDAM (Reuters) – Toyota , Volkswagen and Ford are the only remaining potential merger candidates for Fiat Chrysler , since its attempt to join up with GM was rebuffed, Chief Executive Sergio Marchionne said on Friday. Marchionne has long called for mergers of big players in …

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Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates

GM recalls 1.04 million pickup trucks worldwide to repair seat belts

General Motors Co said Friday it is recalling nearly 1.04 million newer pickup trucks for a seat belt flaw. GM said the recall in the United States includes 895,232 vehicles and a stop-sale of approximately 3,000 new 2014 and 2015 model year pickups still on dealer lots. GM said the recall was prompted by warranty data that showed the flexible steel cable that connects the seat belt to

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GM recalls 1.04 million pickup trucks worldwide to repair seat belts

McDonald’s targeting buyout firms as it seeks to sell North Asia stores

McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters. The U.S. fast food giant is adopting a new business model in Asia, which is now the most intense battleground for global restaurant …

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McDonald’s targeting buyout firms as it seeks to sell North Asia stores

UAW election by set of VW Tennessee workers upheld by NLRB

VW had asked for a review of the election, which involved about 160 skilled trades workers at the plant, in which 71 percent voted to join the UAW. The plant has a total hourly workforce of about 1,400 workers.

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UAW election by set of VW Tennessee workers upheld by NLRB

Wells Fargo’s systemic importance rose, says U.S. report

Wells Fargo & Co is the only large U.S. bank to become “significantly” more important to the global financial system in recent years, according to a report on Wednesday by a U.S. government research group. The Office of Financial Research, a financial stability watchdog housed within the U.S. Treasury Department, studied the …

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Wells Fargo’s systemic importance rose, says U.S. report

Oil falls as dark clouds appear ahead of producer meeting

By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply. Meanwhile, Goldman Sachs said that productivity gains by U.S. shale producers were keeping alive its “deflationary outlook” for oil prices as drillers manage to adjust to lower prices, and with confidence in the recent price rally fading, traders have positioned themselves for further price…

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Oil falls as dark clouds appear ahead of producer meeting

About 40,000 unionized Verizon workers walk off the job

By Malathi Nayak NEW YORK (Reuters) – Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse, and got a boost as U.S. Democratic presidential hopeful Bernie Sanders joined them at a …

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About 40,000 unionized Verizon workers walk off the job

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