U.S. regulator to Chrysler's Marchionne: get act in gear on Jeep recall

U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.

Taylor Swift's '1989' tops U.S. Billboard album chart again

Taylor Swift's "1989" topped the U.S. Billboard 200 album chart for the third consecutive week on Wednesday. The most pop-oriented turn from the onetime country singer sold 312,000 copies last week, according to figures compiled by NielsenSoundscan. "1989" is the second album of the year, behind the soundtrack to Disney's animated film "Frozen," to spend at least three weeks atop the chart.

Japan's Abe: return to yen strength would lead to hollowing out, job losses

Japanese Prime Minister Shinzo Abe said on Friday if the country returns to a period of excessive yen strength it would lead to a further hollowing out of manufacturing and job losses.

Telecom Italia seals $1 billion masts deal, to examine tie up with Oi

Telecom Italia (TLIT.MI) will examine a possible tie-up between its Brazilian unit Tim Participacoes (TIMP3.SA) and local group Oi (OIBR3.SA), it said as it announced the sale of mobile phone masts for more than 900 million euros ($1.1 billion).

Boeing welcomes Japan decision to buy V-22s

Boeing Co (BA.N) on Friday welcomed a decision by Japan to buy V-22 Osprey tilt-rotor aircraft that it builds together with Bell Helicopter, a unit of Textron Inc (TXT.N).

Draghi throws ECB door open to money printing as global prospects dim

European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.

Chinese premier urges 'new growth engines' amid slowing economy: Xinhua

Chinese Premier Li Keqiang has called for "new growth engines" to counter slowing growth in the world's second largest economy, Xinhua reported late on Friday.

Bank of America hires U.S. officials for financial crime team

Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.

Canada sees Burger King/Tim Hortons decision before Christmas

The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N) of Canada's iconic coffee-and-donut Tim Hortons Inc (THI.TO), Industry Minister James Moore said on Friday.

American Airlines unit to transfer 50 regional aircraft, cut jobs

American Airlines Group Inc (AAL.O) subsidiary Envoy Air plans to transfer at least 50 Embraer 145 (EMBR3.SA) aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters.

Video streaming service Aereo files for bankruptcy

Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on Thursday night came five months after the U.S. Supreme Court said Aereo violated broadcasters' copyrights by capturing live and recorded programs on miniature antennas and transmitting them to subscribers who paid $8 to $12 a month.

China rate cut, European stimulus hints lift markets

World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

European Parliament may propose Google break-up in draft resolution

The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's (GOOGL.O) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search market.

EU investment plan to take shape next week

Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union.

Giving thanks for big stock gains

U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

Lockheed, Pentagon ink $4.7 billion deal for eighth batch of F-35 fighters

The Pentagon said on Friday it had awarded Lockheed Martin Corp (LMT.N) a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.

PBOC cuts benchmark interest rates

Recently released Chinese data suggest a grim economic outlook for the country. Foreign direct investment has been consistently declining; consumer price index showed some stability this month but remained below 2 percent, flash manufacturing PMI also declined in November and gross domestic product fell to its slowest pace since the global financial crisis, registering 7.3 percent year-on-year expansion in the third quarter.

Falling oil prices influencing global monetary policies

While the fall in the oil prices is generally regarded as positive for many businesses, it has a major influence on inflation expectations, interest rates and bond prices at the global level.

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