AUBURN HILLS, Mich., Sept. 23, 2013 /PRNewswire/ — Chrysler Group LLC announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering…
Economics
Delta, Virgin win US antitrust immunity for tie-up
The US government Monday granted Delta Air Lines and Virgin Atlantic Airways antitrust immunity for their proposed transatlantic joint venture, saying it would likely boost competition. The Department of Transportation said it had approved the request…
Miles Driven Increase in July, Despite Higher Gas Prices
Total miles traveled on all roads and streets were an estimated 263.6 billion miles in July, the U.S. Department of … Read more
BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial
BlackBerry NASDAQ : BBRY TSX : BB September 23, 2013 13:30 ET – BlackBerry shareholders would receive U.S. $9 per share in cash – Transaction valued at approximately U.S. $4.7 billion – Consortium permitted 6 weeks to conduct due diligence – BlackBerry…
ECB ready to use another long-term loan if needed: Draghi
The European Central Bank is prepared to make fresh liquidity available to banks if developments in money markets warranted such a move, ECB chief Mario Draghi said Monday. The ECB was “ready to use any instrument including another LTRO if needed to…
Moody’s lifts GM to investment grade ahead of buyback
Moody’s upgraded General Motors debt to investment quality on Monday as the biggest US automaker said it would buy back $3.2 billion in shares owned by the UAW union’s trust. GM said it had reached an agreement to repurchase 120 million shares of preferred…
Alcoa looking to sell French, Spanish plants
US aluminium giant Alcoa is looking at selling its sole plant in France and two production sites in Spain, the head of the French facility said Monday. “Alcoa has decided to put up for sale its factory in France and two plants in Spain,” the director…
China manufacturing hits six-month high: HSBC
China’s manufacturing activity expanded in September to a six-month high, HSBC said, a further sign that a rebound in the world’s second-largest economy is gaining momentum on improving demand. The British banking giant’s preliminary purchasing managers…
Triumphant Merkel to start search for coalition ally
The day after her stunning election triumph, German Chancellor Angela Merkel was set to start the process of haggling with potential partners over how to rule Europe’s biggest economy. After a campaign that banked on Merkel’s image as a calm, sensible…
Thousands of Romanians in fresh protest against mine project
Thousands of Romanians took to the streets on Sunday in a fourth week of protests against a Canadian company’s plan to open Europe’s largest gold mine in a picturesque Transylvanian village. The demonstration came a day after thousands of protesters…
Carbon cleanup would save millions of lives: study
Reducing fossil-fuel emissions to safer levels would save millions of lives annually by the end of the century, a study said on Sunday. The estimate is based on a simulation of levels of two big pollutants, fine particulate matter and ozone, from coal…
European insurers discover cyber protection market
It’s already a booming market in the United States, but in Europe, companies are also waking up to the idea of cyber insurance to protect themselves against Internet attack. And insurance companies are projecting strong growth in the coming years. On…
Thousands of Romanians form human chain to protest gold mine project
Thousands of Romanians formed a human chain Saturday around parliament to protest against a Canadian company’s plan to open Europe’s largest gold mine in a picturesque Transylvanian village. The chain stretched seven kilometres around the parliament…
Trust in US media edges up from lows: poll
Americans’ trust in the news media has come up from an all-time low, but many still see the media as “too liberal.” A Gallup survey found 44 percent of those polled had a great deal or fair amount of trust and confidence in the mass media, up from 40…
US Economic Radar – September 20, 2013
Recap of this week’s U.S. economic events: No taper. The Fed announced that there will be no tapering yet of the … Read more