GM recalling 117,000 vehicles because of a manufacturing defect
General Motors is recalling over 117,000 vehicles because of a manufacturing defect that can cause vehicles to stall because of an electrical short.
Vehicles that...
Berkshire Hathaway buying the auto dealeriship Van Tuyl Group
Warren Buffet’s multinational conglomerate, Berkshire Hathaway, is entering the automobile sales business by acquiring the car dealership company Van Tuyl Group.
Van Tuyl Group is...
JPMorgan cyberattack compromised more than 76 million bank accounts
Over 76 million bank accounts have been compromised following one of the biggest cyberattacks in history, with JPMorgan Chase, the largest bank in the...
Google lawsuit threat over leaked celebrity photos
Google has been threatened with lawsuits by Martin Singer, a lawyer who represents several female celebrities whose private pictures were hacked and posted online....
ECB holds rates – to start asset buying
The European Central Bank (ECB) decided to hold its benchmark interest rate at 0.05%, but announced it is to embark on an asset buying...
Tesco investment huge mistake, says Warren Buffett
Warren Buffet said investing in Tesco Plc was a “huge mistake”, as the world’s second largest retailer struggles with an 11-year-low share price, plummeting...
Rocket Internet shares fall on debut
Shares in the German e-commerce focused venture capital firm Rocket Internet fell on its debut on the Frankfurt Stock Exchange on Thursday. Europe’s largest...
Bank of England will be able to cap mortgages
The Bank of England will soon have the power to cap mortgages, i.e. to place limits on how much loan applicants can borrow to...
Wonga writing off £220 million of debts for 330,000 customers
High-interest, short-term payday lender Wonga announced on Thursday it is to write off debts for 330,000 customers worth £220 million. Had the affordability checks...
October: Could markets hit bottom?
This October is an eerie month for investors in markets across the world as they embrace increased volatility, uncertainty regarding U.S. monetary policy, and...