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GM has “no intention” of putting more cash into Peugeot: CFO

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Chinese premier criticizes EU move on trade measuresComments Off

Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.

Lobbying in American-US Airways deal focuses on small citiesComments Off

US Airways Group and American Airlines , seeking approval for a merger that would create the world’s largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities…

Ex-Virginia bank executives guilty in financial crisis caseComments Off

The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank’s 2011 collapse.

Visa, MasterCard Strike Back at Swipe-Fee Settlement FoesComments Off

Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees.

Argentina’s Stocks End Lower; ‘Blue’ Dollar StrengthensComments Off

Argentine stocks fared poorly Friday in light trading while the black-market dollar continued to strengthen on media reports that banks will further restrict the ability of customers to withdraw cash while overseas.

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AM1100 The Flag

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