General Motors Co is recalling certain Chevrolet Cruze models for possible axle fractures, and more than 490,000 trucks and SUVs for potential transmission cooler line issues, the company said in a statement late on Friday.<br />
According to a complaint filed in US District Court in Manhattan, PwC committed professional malpractice by offering "flatly erroneous" advice concerning, and approval of, the off-balance-sheet accounting treatment for the debt by MF Global and its then-chief executive, Jon Corzine.<br />
The fourth-quarter growth rate was a bit stronger than the 2.4 percent estimate made last month, the Commerce Department reported Thursday. The revision reflected stronger consumer spending, which rose at an annual rate of 3.3 percent - its best quarterly pace since 2010.<br />
According to an official statement today, Google has been fined Rs 1 crore for failing to comply with the directions of the Director General (DG) seeking information and documents. A Google spokesperson said the company was "disappointed by this development."
Facebook's $2 billion acquisition of Oculus VR, a maker of virtual reality goggles, took Wall Street and technology observers by surprise, not least because of the hefty price for a company with no real revenue and untested technology.<br />
The Murdoch family controls both Fox and News Corp through a trust that has a 38 percent ownership stake of Class B shares with voting rights.<br />
While Oculus will operate as an independent company, Zuckerberg stressed that Facebook's plans for Oculus extended well beyond games.<br />
The flash Markit/HSBC Purchasing Managers' Index (PMI) fell to an eight-month low of 48.1 in March from February's final reading of 48.5. The index has been below the 50 level since January, indicating a contraction in the sector this year.<br />
The Turkish authorities blocked Twitter late on Thursday, hours after Erdogan vowed to "wipe out" the social media service during the campaigning period for local elections on March 30.<br />
The most startling part of Washington's sanctions on Russian businessmen loyal to President Vladimir Putin may be a single sentence that contains an explosive allegation: that Putin himself profits from the world's No. 4 oil trading company, Gunvor.<br />
The Pentagon says it has spent $2.5 million to help in the search for the missing Malaysian Airlines jet.
The tests are in the early stages and any implementation of Samsung or LG phones is still "months away," the report said, adding there has been no indication that Obama is switching from his modified BlackBerry.<br />
San Francisco-based Twitter said Thursday afternoon local time that it was looking into the matter and had not issued a formal statement. But the company did publish a tweet addressed to Turkish users instructing them on how to continue tweeting via SMS text message.<br />
The Federal Reserve said 29 of the 30 largest banks subjected to a stress test have sufficient capital to withstand a deep recession while continuing to pay dividends
Pistorius has been forced to sell his home in the upmarket Silver Woods estate
The central bank has built an economy completely dependent on zero percent interest rates
The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, but new Chair Janet Yellen surprised markets by saying the time between the end of bond-buying and rate increases could be on the order of "six months," swifter than many expected.
The new sense of uncertainty unsettled Wall Street, where the Dow fell 0.7 percent, and the S&P 500 0.61 percent
The comments came after a two-day meeting in which Fed officials made another reduction in their bond-buying stimulus and decided to jettison a set of guideposts they were using to help the public anticipate when they would finally raise rates.<br />
The Fed has held interest rates near zero since late 2008 and has pumped more than $3 trillion into the economy with its bond purchases to try to foster a stronger recovery.<br />
The local car market is bracing for a second year of falling sales, hit by high interest rates and fuel costs. Nissan held a 1.4 percent share of the local passenger vehicle market at end-February, industry data showed.
Porsche, the German maker of luxury sports cars, said Wednesday it is recalling all 911 GT3 models built this year due to risk of possible engine fire.
The US-EU sanctions against Russia and the separatist Crimeans should have sent a strong message. Well, it did. The message was: we can't really do much, Vladimir
Yellen has spoken of seeking continuity with Bernanke, under whom she served as vice chair. That is one reason markets expect a further pullback in bond purchases.<br />