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Fiat-Chrysler CEO says shareholders backing of merger is 'huge step ahead'

a shared story    46 minutes ago
RIMINI Italy (Reuters) - The fact that most Fiat shareholders chose not to exercise an option that could derail a merger with its U.S. unit Chrysler is a "huge step ahead" for the car maker, Fiat and Chrysler Sergio Marchionne said on Saturday.  

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Fiat-Chrysler CEO says October 13 is possible date for Wall Street IPO

a shared story    46 minutes ago
MILAN (Reuters) - The chief executive of Fiat-Chrysler, Sergio Marchionne, said on Saturday October 13 was the first possible date for the group to launch its initial public offering on Wall Street.  

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On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    288 weeks 5 days 9 hours 51 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 

IMF board stands behind Lagarde over French probe

a shared story    1 hour 46 minutes ago
WASHINGTON (Reuters) - The International Monetary Fund's board on Friday stood behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe dating from 2008.  

IMF board expresses confidence in Lagarde

a shared story    1 hour 46 minutes ago
WASHINGTON (AP) -- The executive board of the International Monetary Fund is expressing confidence in IMF Managing Director Christine Lagarde after receiving a briefing on a French corruption probe in which Lagarde is being investigated.... 

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Alibaba set to launch IPO roadshow week of September 8: New York Times

a shared story    2 hours 46 minutes ago
HONG KONG (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is set to start formally pitching its New York initial public offering to investors in the week of Sept. 8, the New York Times reported, citing an unnamed person briefed on the decision.  

Bikes help commuters get around gas prices

a shared story    320 weeks 3 days 21 hours 3 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure. At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four. "It's definitely...(more) 

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Lockheed Martin in space junk deal

a shared story    4 hours 46 minutes ago
US defence giant Lockheed Martin is teaming up with an Australian technology firm to track space debris that can damage multi-billion dollar satellites. 

Wholesale prices soar in June; sales are sluggish

a shared story    319 weeks 3 days 22 hours 26 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. The Labor Department reported that soaring costs for gasoline and food pushed...(more) 

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Indian investigators drop coal scam case against billionaire Birla

a shared story    6 hours 46 minutes ago
NEW DELHI (Reuters) - India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks.  

In Silicon Valley, more homeowners are spending more than half their income on housing

a shared story    307 weeks 5 days 18 hours 35 minutes ago
Laura Meneses made the same fateful choice that thousands of local home buyers have made since 2004: She decided to spend most of her family's income on housing. Over the last four years, the number of Santa Clara County homeowners who spend over half their income on...(more) 

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Price to PepsiCo for Not Being in Court: $1.26 Billion

a shared story    252 weeks 2 days 8 hours 53 minutes ago
What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two...(more) 

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