Business Today: GM recalls another 2.6 million vehicles, doubles second-quarter charge

	Click to View in Browser 05/20/2014 GM recalls another 2.6 million vehicles, doubles second-quarter charge DETROIT (Reuters) - General Motors Co said on Tuesday it is recalling another 2.6 million vehicles globally, raising the number of vehicles it has recalled so far this year to almost 15.4 million. Credit Suisse guilty plea has little immediate impact as shares rise WASHINGTON/NEW YORK/ZURICH (Reuters) - Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a U.S. criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes. Wall St. ends lower in broad selloff; retail stocks weigh NEW YORK (Reuters) - U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in the afternoon, led by losses in the retail sector after disappointing results from Staples and TJX Companies. Target replaces president of money-losing Canadian unit TORONTO (Reuters) - Target Corp has fired the president of its money-losing Canadian operation and named a long-time U.S. executive with operational experience to try to repair its supply chain woes and win back customers. Fed's Dudley sees 'relatively slow' rate hike cycle NEW YORK (Reuters) - The Federal Reserve should be able to raise interest rates slowly when it eventually tightens monetary policy given that slack in the U.S. economy is restraining inflation, a top official at the central bank said on Tuesday. Exclusive: Goldman puts Metro metals warehousing unit up for sale NEW YORK (Reuters) - Goldman Sachs has begun a formal process to sell the metals warehousing business it purchased four years ago, a spokesman said on Tuesday, disclosing the first definitive effort to shed the operation amid regulatory and political pressure. Wall Street watchdog prepares to launch data collection plan in 2015 WASHINGTON (Reuters) - Wall Street's industry-funded watchdog aims to build and launch the initial phases of a mammoth broker data collection system in 2015, assuming it secures approval for the plan, the regulator's head said on Tuesday. U.S. rejects challenge to $13 billion JPMorgan Chase settlement (Reuters) - The U.S. government urged a federal judge to throw out a lawsuit seeking to scuttle its landmark $13 billion settlement with JPMorgan Chase & Co, rejecting a claim that the accord let the largest U.S. bank off too easily. Schroders, Fidelity reveal investor split as Astra rejects Pfizer LONDON (Reuters) - Some leading AstraZeneca Plc shareholders were at odds over whether the British drugmaker made the right decision in rejecting Pfizer Inc's final $118 billion bid to buy the company. Exclusive: Virgin America flight attendants seek unionization vote SEATTLE (Reuters) - Flight attendants at Virgin America airlines are seeking a vote on whether to unionize, according to an official at the Transport Workers Union (TWU), in a move that could pave the way for organized labor's latest victory in the airline industry. Related Video Templeton's Mobius likes Brazil's Ambev, Russia's Norilsk Bad weather didn't deter Home Depot Economic News Fed's Dudley sees 'relatively slow' rate hike cycle Fed's Plosser warns rate hike may come sooner than expected A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend