(Reuters) - U.S. stocks rallied more than 1 percent for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and hopes of more aggressive action from the European Central Bank.
(Reuters) - McDonald's Corp will cut 63 jobs at its corporate headquarters as part of a plan to reduce costs by $100 million as it looks to increase sales and reverse traffic declines in its major markets.
NEW YORK (Reuters) - Global oil prices were little changed on Thursday, with better-than-expected U.S. jobs and other data helping the market hold steady after recovering from a four-day losing streak a day earlier.
DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra said growth in the U.S. auto market will flatten out this year, although a strong economy and falling gasoline prices should sustain demand.
LONDON (Reuters) - The ECB is considering three main options for pumping money into the struggling euro zone economy but two of them could hurt confidence in the bloc's most indebted states, defeating the object of the exercise.
(Reuters) - Activist-investor Starboard Value LP has reiterated that Yahoo Inc should consider a merger with AOL Inc and cut costs to improve profits, spurred by media reports that Yahoo is exploring other large-scale acquisitions.
WASHINGTON (Reuters) - Honda Motor Co has agreed to pay $70 million to the U.S. government in penalties for failing to report hundreds of injuries, deaths and other consumer claims involving its cars, transportation officials said on Thursday.
SHANGHAI/FRANKFURT (Reuters) - After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.