Godfrey said the settlement was a result of collusion between the plaintiffs and the trust, and “a complete surrender and sellout using new GM’s money.According to Steve Berman, the plaintiffs’ lawyer, the settlement called for the trust to take on $10 billion of ignition switch claims, which would boost the total claims against the trust to more than $35 billion.
CHICAGO (Reuters) - The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.6 billion plant in a yet-to-be-specified state placed renewed focus on tax-funded development deals.
In an email seen by Reuters on Thursday, Google Chief Executive Sundar Pichai said some company employees were being named personally on websites in relation to the incident.” He said the company was exploring other forums for the discussion in the coming days.
(Reuters) - Tomahawk missile maker Raytheon Co (RTN.N) on Monday named former U.
The bank, along with other British lenders, is cutting back its network as customers turn to mobile banking.“The number of physical Barclays branches will reduce overall but our branch network and the colleagues who work in them remain a vital part of our offering,” a Barclays spokeswoman told Reuters in an email.
(Reuters) - Music streaming company Pandora Media Inc named Roger Lynch as chief executive on Monday, replacing interim CEO Naveen Chopra who will continue as the chief financial officer.45 in after market trading.
JOHANNESBURG (Reuters) - ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.“All options are being explored and the company has no option but to also review its staffing levels,” ArcelorMittal said in a statement, adding that it would first consider alternatives before any job cuts.
NEW YORK (Reuters) - Soros Fund Management LLC, whose billionaire chairman said earlier this year that markets would stumble given the uncertainty surrounding U.President Donald Trump, recently held positions that could profit if the financial markets falter, U.
L) was the second airline referred to by the government as being in talks with Air Berlin.RECORD LOSS Ryanair said Air Berlin was being prepared for a Lufthansa takeover, which it said would breach competition laws.
DE) to take over parts of insolvent rival Air Berlin (AB1.5 million) the government had granted Air Berlin did not breach anti-trust rules.
MELBOURNE/LONDON (Reuters) - Hedge fund Elliott Management has upped the stakes at BHP (BHP.1 percent “economic interest” in BHP’s London-listed shares, but in a statement on Wednesday it said it now held 5 percent.
The visit would be Trudeau’s first trip to Mexico since taking office in 2015 and come in the midst of trilateral talks to update the North American Free Trade Agreement.Negotiations to modernize NAFTA kick of in Washington on Wednesday.
-based company called Keyssa has raised more than $100 million from Fadell and the venture arms of Samsung and Intel Corp, among others.If Keyssa is successful, the wireless data transfer technique could eventually be available in a wide range of devices.
SINGAPORE (Reuters) - Chinese bike-sharing startup Ofo has launched its services in Seattle, its first North American city, as part of efforts to expand internationally.“Our mission is to solve the ‘last mile’ transportation problem in urban areas and we see immense potential in the U.
SANTIAGO (Reuters) - U.S.
Wall Street stayed volatile following the release of the last Federal Reserve meeting’s minutes, which showed policymakers appeared increasingly wary about recent weak inflation.Investors have been watching a slide in inflation readings in recent months, which remain below the Fed’s 2 percent target.
That means that the race is on to carve up the airline and obtain anti-trust approval for any deals before Air Berlin runs out of cash.“That is why it is urgently necessary that Lufthansa can take over significant parts of Air Berlin,” he told daily newspaper Rheinische Post.
5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.5 million for Deutsche Bank and $17 million for Bank of America were filed on Thursday with the U.
“The person who will fix this is the chief executive officer,” Ackman said on a 3-1/2-hour conference call which marked his first public discussion of the investment.He ended with suggestions that Carlos Rodriguez, ADP’s CEO of six years, is the wrong man for the job.
(Reuters) - Yahoo Inc owes a prize promoter $5.Circuit Court of Appeals in New Orleans said SCA Promotions Inc was entitled to half of its $11 million contract with Yahoo as a cancellation penalty.