Career News 24/7: Business Today: GM CEO says idea cost may have delayed ignition fix 'disturbing'

Tuesday, April 1, 2014

Business Today: GM CEO says idea cost may have delayed ignition fix 'disturbing'

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04/1/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

GM CEO says idea cost may have delayed ignition fix 'disturbing'

WASHINGTON (Reuters) - General Motors CEO Mary Barra, under intense grilling by members of the U.S. Congress, on Tuesday said she found employee statements "disturbing" that cost considerations may have discouraged the prompt replacement of faulty ignition switches now linked to at least 13 fatalities.

S&P 500 closes at record after manufacturing data

NEW YORK (Reuters) - U.S. stocks rose for a third straight session on Tuesday, with the S&P 500 ending at a record close, after positive data on factory activity indicated economic growth was gaining traction following a harsh winter.

U.S. factory activity picks up, more gains eyed as winter fades

WASHINGTON (Reuters) - U.S. factory activity rose in March, with production posting its biggest increase since the recession ended in the latest indication the economy was regaining its footing after a brutal winter.

Apple again seeks decisive U.S. court ruling against Samsung

SAN JOSE, California (Reuters) - An Apple Inc attorney told jurors the company deserves about $2 billion from Samsung for copying the iPhone, but a Samsung lawyer said Apple was merely seeking to make up for losing its lead in the smartphone market.

Weather, incentives help lift March U.S. auto sales

DETROIT/SAN FRANCISCO (Reuters) - The top five automakers in the United States on Tuesday reported higher March sales, beating forecasts and raising expectations April could show an even stronger sales rebound after a long winter.

Fed to consider final leverage rules for big banks on April 8

WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday it would consider final leverage requirements for the biggest U.S. banks at a meeting on April 8.

U.S. public pension gap widened to nearly $1 trillion in fiscal year 2012

(Reuters) - The unfunded liabilities of public-employee pension plans rose by 10 percent in fiscal 2012 to a record $914 billion, hit by low investment returns, missed contributions and unfunded benefits, underscoring the pension funding crisis in U.S. states and cities, a report by the Pew Charitable Trusts said.

Solid U.S. job growth expected for March as winter fades

WASHINGTON (Reuters) - U.S. job growth likely accelerated in March as the winter's gloom started to lift, providing the strongest signal yet that economic growth was shifting into higher gear.

Bouygues extends SFR deadline offer, sets break-up fee

PARIS (Reuters) - French conglomerate Bouygues turned up the heat in its battle for control of Vivendi's telecom unit SFR on Tuesday by extending its offer to April 25 from April 8 and presenting a 500 million euro ($689 million) break-up fee.

Investors accuse 12 banks of forex price rigging in U.S. lawsuit

NEW YORK (Reuters) - Twelve large banks have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion-a-day foreign exchange market.