Toyota recalls more cars for dangerous Takata air bags

By Chang-Ran Kim and Mari Saito TOKYO (Reuters) – Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained. Toyota’s action follows a recall by rival Honda Motor […]

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Crude woes deepen: Oil sinks more than 2% as OPEC meeting looms

By Barani Krishnan NEW YORK (Reuters) – Oil prices tumbled by more than $1 a barrel on Tuesday to near four-year lows, reversing early gains after a meeting between Saudi Arabia, Venezuela and major non-OPEC oil exporters ended with no deal on curbing output. Saudi Oil Minister Ali al-Naimi met with officials from Venezuela, Russia […]

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Aviva, Friends Life 5.6 billion pound merger plan makes sense: investors

By Carolyn Cohn and Simon Jessop LONDON (Reuters) – Aviva’s potential 5.6 billion pound ($8.8 billion) purchase of Friends Life reflects a need to consolidate and cut costs in Britain’s insurance industry, fund managers said. The two companies said on Friday they had agreed terms of a possible all-share deal at a 15 percent premium […]

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Fed’s Dudley defensive on bank oversight

WASHINGTON (AP) — The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating. William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that “our eyes are open” […]

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Fed’s Dudley defensive on bank oversight

WASHINGTON (AP) — The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating. William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that “our eyes are open” […]

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Kass on market highs: I am waiting to pull the trigger

Stocks continue to reach new heights in November. The SP 500 (^GSPC) and the Dow Jones Industrials (^DJI) hit fresh records on Tuesday. The SP 500 has hit eight records so far in the month of November. The Dow has broken seven records since November began and has hit new highs 26 times in 2014. […]

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Why Apple, Tesla are bad buys for young investors

It’s a well-known fact that the so-called Millennial generation has been slow to invest in the stock market. But that trend may be changing. Patrick O’Shaughnessy is the author of “Millennial Money.” He says it turns out young people like to invest in what they know. We’re not talking about Snapchat and beer, but rather, […]

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Wall Street Week Ahead: Restaurants’ uptick offers hope for consumer discretionaries

By Saqib Iqbal Ahmed NEW YORK (Reuters) – An improving U.S. economy has failed to galvanize the consumer discretionary sector so far this year, but a recent rally in restaurant stocks as the holidays approach could herald happier days ahead for other retailers. The SP 500 consumer discretionary sector index is up about 3 percent […]

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Income taxes are lower than you think

You probably think your taxes are too damn high. Chances are, you’re wrong. The nonpartisan Congressional Budget Office just published its annual analysis of Americans’ income and taxes, and guess what – American taxpayers continue to get a pretty good deal. The average household pays 19.3% of its income in federal taxes, CBO estimates. The […]

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Volkswagen to recall over 580,000 cars in China: government

SHANGHAI (Reuters) – Volkswagen AG told China’s quality watchdog that it planned to recall more than 580,000 cars in the country, after the agency launched an investigation in August. Volkswagen AG’s joint venture in China, FAW-Volkswagen Automobile Co Ltd, will recall 563,605 New Sagitar models produced between May 2011 and May 2014 due to a […]

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