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U.S. appeals court rules for GM over Spyker's Saab sale
General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.
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Exclusive: Indonesia's new president plans steep fuel price rises next month
Indonesia's President-elect Joko Widodo plans to raise subsidised gasoline and diesel prices by around 50 percent next month in a bid to bring down the budget deficit in Southeast Asia's largest economy, an adviser told Reuters on Friday.
Global growth concerns drag Wall Street lower, selloff continues
U.S. stocks tumbled on Thursday, after the S&P 500 closed at its lowest in six months, on continued concerns about weak global demand and its potential impact on the U.S. economy and businesses.
Worrying for Saudi, U.S. oil output cuts could take a while
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.
Fiat Chrysler's Wall Street debut draws muted response
Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles (FCA), a move that shifts the carmaker's center of gravity away from Italy and caps a decade of canny dealmaking and tough restructuring by Chief Executive Sergio Marchionne.
In GM bankruptcy, an ex-con and hedge funds find common ground
Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he’s getting support from an unlikely source: hedge funds.
'The Overnighters' shows dark side of North Dakota oil boom
Desperate for a fresh start, unemployed workers from all over the world have converged on North Dakota's burgeoning oil patch, seeking six-figure salaries and the rewards of living in the fastest-growing economy in the nation.
