The Other Side of Life 24/7: Business Today: U.S. private job growth accelerates in March: ADP

04/2/2014

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

U.S. private job growth accelerates in March: ADP

NEW YORK (Reuters) - U.S. companies picked up the pace of hiring in March, signaling the dampening effects of harsh winter weather on job growth may be fading, a report by a payrolls processor showed on Wednesday.

U.S. mortgage applications fell last week: MBA

NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said on Wednesday.

Chrysler to recall nearly 870,000 SUVs for brake problem

(Reuters) - Chrysler Group said on Wednesday it would recall nearly 870,000 vehicles to fix a defect in the brake systems following complaints about excessive brake-pedal firmness.

Shares extend rally, euro firm in pre-ECB jockeying

LONDON (Reuters) - World stocks extended their recent rally and the safe-haven yen sagged to a 10-week low on Wednesday, as investors focused on the positive in a mixed bag of global economic data.

Goldman to sell designated market-maker unit to IMC: reports

(Reuters) - Goldman Sachs Group Inc is in the process of selling its "designated market-maker" unit, people familiar with the matter told the Financial Times on Tuesday.

'Too Big to Fail' still thriving

LONDON (Reuters) - Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and well.

Lufthansa grounded by three-day pilot strike

FRANKFURT (Reuters) - A three-day strike by pilots at Lufthansa over early retirement, which has grounded Germany's largest airline, shows no sign of ending early after management said there would be no further talks during the strike period.

EU regulators fine Goldman Sachs, Prysmian for cable cartel

BRUSSELS (Reuters) - Investment bank Goldman Sachs, the world's top cablemaker Prysmian, Nexans and eight cable firms were fined a total of 302 million euros ($416 million) by EU antitrust regulators on Wednesday for running a cartel.

IMF ramps up loan conditions despite promises, study finds

WASHINGTON (Reuters) - The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released on Wednesday.

CEO Barra calls GM's actions on deadly defect 'unacceptable'

WASHINGTON (Reuters) - General Motors Co CEO Mary Barra on Tuesday called her company's slow response to faulty ignition switches linked to at least 13 deaths "unacceptable," but could not give U.S. lawmakers many answers as to what went wrong.