Business Today: UAW's Williams to U.S. automakers: 'no more concessions'

	Click to View in Browser 06/5/2014 UAW's Williams to U.S. automakers: 'no more concessions' DETROIT (Reuters) - Newly elected United Auto Workers President Dennis Williams on Thursday warned major U.S. automakers who negotiate with the union next year that he supports the financial health of the companies, but that "enough is enough" when it comes to concessions. Dow, S&P closes at new records; payrolls in focus NEW YORK (Reuters) - The Dow and the S&P 500 ended at a new record on Thursday after the European Central Bank cut rates to record lows and pledged to do more if needed to fight off the risk of deflation. Fed officials put financial stability concerns on front burner BOSTON/SAN FRANCISCO (Reuters) - A pair of Federal Reserve officials on Wednesday warned that raising U.S. interest rates to fend off bubbles and other troubling signs of financial market unrest could undercut the Fed's efforts to put the U.S. economy on a sounder footing. Chrysler recalls 10,700 SUVs for cruise control defect (Reuters) - Chrysler Group LLC [CHRY.UL] said it was recalling about 10,700 sport utility vehicles to fix a defect that leads to unintended acceleration in cruise-control mode. ECB hurls cash at sluggish euro zone economy, seeks to force bank lending FRANKFURT (Reuters) - The European Central Bank launched a raft of measures on Thursday to fight low inflation and boost the euro zone economy, cutting rates, imposing negative interest rates on its overnight depositors and offering banks new long-term funds. GM probe cites 'incompetence, neglect' in recall scandal WARREN Mich. (Reuters) - General Motors Co suffered from "incompetence and neglect" in dealing with an ignition-switch defect in vehicles linked to at least 13 deaths, CEO Mary Barra said on Thursday, but she offered no specifics on how the problem was allowed to fester for more than 11 years. Jobless claims data points to strong labor market WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend continued to point to a firming labor market. SEC chair plots major rules for high-speed traders, dark pools WASHINGTON (Reuters) - The top U.S. securities regulator said on Thursday she is developing rules targeting high-speed traders, less transparent trading venues and order-routing practices, a move designed to promote fairness for investors, shine more light on the markets and bolster stability. Obama deflects French pressure to intervene in BNP fine row PARIS/BRUSSELS (Reuters) - President Barack Obama dismissed on Thursday any prospect that he might intervene in the case of BNP Paribas bank BNPP.PA, which faces a possible huge fine for U.S. sanctions busting, despite pressure from his French counterpart. Michigan AG charges Chesapeake with racketeering and fraud ATLANTA (Reuters) - Michigan's attorney general filed felony racketeering and fraud claims against Chesapeake Energy Corp. on Thursday, alleging the company canceled hundreds of private land leases under false pretenses following a short-lived oil and gas boom in the state in 2010. Related Video G7's warning to left out Russia Still tons of questions out there- Edmunds' Caldwell on GM Economic News Jobless claims data points to strong labor market Fed officials put financial stability concerns on front burner 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