Daimler AG reversed course on the 1,500 job cuts announced last week at its Brazilian truckmaking division, saying it will scale back hours by 20 percent instead as demand shows no sign of improving.
Chrysler exited bankruptcy in 2009 with a new leader and a sales momentum that hasn’t let up for more than five years. That streak may end this month because of a calendar quirk that pushes Labor Day weekend and all the sales that come with it into September.
Suzuki's troubled relationship with Volkswagen is coming to an end. VW is to sell its $3.8B stake in the company, wrapping up a four-year dispute over their failed partnership. Bloomberg's Craig Trudell reports on "First Up." (Source: Bloomberg)
Suzuki Motor Corp. rose in Tokyo trading after arbitrators told Volkswagen AG to sell its 19.9 percent stake in the Japanese carmaker, ending a four-year dispute over a failed partnership.
Here are highlights of breaking-news stories from around the world on Sunday:
U.S. prosecutors have expanded their probe of currency-market manipulation by some of the world’s largest banks to include the Russian ruble and Brazilian real, according to two people familiar with the matter.
Maeve Richard of Stanford's Graduate School of Business talks about MBA students' interest in banking as technology lures some of the university's best and brightest away from finance. She speaks on "Market Makers." (Source: Bloomberg)
JPMorgan Global Market Strategist Vincent Juvyns discusses timing for a Federal Reserve rate and its impact on Europe. He speaks with Jonathan Ferro on Bloomberg Television’s “On The Move.” (Source: Bloomberg)
The most sweeping transformation in General Electric Co.’s 123-year history was helped along by an unlikely tool: a noise-making cellphone app.
Dominic Konstam isn’t sure about Deutsche Bank AG’s forecast that the Federal Reserve will raise interest rates in September -- and he works there.
Bloomberg's Matt Miller updates the latest markets news. He reports on "Bloomberg Markets." (Source: Bloomberg)
Wells Fargo Securities Equity Strategist Gina Martin Adams discusses bond spreads and her outlook for stocks. She speaks on "Bloomberg Markets." (Source: Bloomberg)
John Hofmeister, founder of Citizens for Affordable Energy and former president of Shell Oil Co., talks about President Barack Obama's trip to Alaska and the need for oil exploration in the Arctic region. He speaks with Olivia Sterns and Alix Steel on Bloomberg Television's "Bloomberg Markets." (Source: Bloomberg)
Full episode of "Bloomberg Surveillance." Guests: Harold York, Michael Mckee, Raghuram Rajan, Vincent Piazza, Harsha Subramaniam, Carl Riccadonna, Phil Mattingly, Enda Curran and Neil Shearing. (Source: Bloomberg)
A gas discovery in the eastern Mediterranean that has the potential to transform the region’s energy balance battered Israeli stocks while Egyptian shares jumped the most in the world.
TPG Capital, the private equity firm run by David Bonderman, hired Ladder Capital Corp.’s Greta Guggenheim to head its newly formed real estate debt unit.
Sorry, now you can’t afford Queens, either. Apartment sales in the outer boroughs are higher than ever
On a street with some of New York’s most expensive homes, a two-bedroom apartment can be found for $849,000 -- a relative bargain in supply-strapped Manhattan.
U.S. homebuilders are facing a looming shortage of skilled workers that threatens the industry’s growth, according to Tri Pointe Group Inc. Chief Executive Officer Doug Bauer.
Blackstone Group LP’s Equity Office unit, the No. 2 office landlord in the U.S., named Eli Khouri president and chief executive officer to succeed Tom August, who is retiring.
Google Inc.’s life science unit is still seeking a name but it already has a foe: diabetes.
Canada’s current account deficit was wider than economists forecast in the second quarter.
If being in the beautiful Hamptons wasn’t enough solace from the market swings tied to China, Mike Milken offered some comfort at a benefit for the Prostate Cancer Foundation Saturday night:
They’ve buzzed the White House, come too close to planes, attempted to airlift drugs over prison walls and interfered with firefighters in California.
Bayer AG will conduct final-stage tests on an experimental drug to treat chronic heart failure and diabetic kidney disease following successful mid-stage trials.