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Thursday, June 5, 2014

Daily Investor Briefing: UAW's Williams to U.S. automakers:...

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06/5/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
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 500 end at record highs after ECB move
NEW YORK (Reuters) - The Dow and S&P 500 closed at record highs after the European Central Bank cut rates to record lows and outlined further accommodative monetary policy.
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.
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