GM to discontinue Saab as talks fail
GM will shut Saab after talks to sell the brand to Spyker collapsed. Spyker cited complexity and tight deadlines while GM noted ongoing discussions with the Swedish government failed to resolve issues. Saab employs about 3,400 people with 1,100 dealers. warranties will be honored as the wind-down proceeds.
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Saab
New York
General Motors Co
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John Smith
Smith
aMeen
Victor Muller
Trollhattan
Sweden
Finland
Ray Ciccolo
Boston
Brand
Scania
U.S. Economy Shows Slow Recovery Amid Mixed Signals
Unemployment claims rose unexpectedly last week, though four week average fell to a near 2008 low signaling slower layoffs. A private forecast shows economic activity rising for the eighth straight month, yet firms remain reluctant to hire. FedEx offered a tepid outlook as stock markets declined on weak job data. The Conference Board index rose 0.9 percent driven by housing permits and labor market improvements.
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Washington, D.C
U.S
Dan Greenhaus
Miller Tabak
FedEx Corp
FedEx
Conference Board
Thomson Reuters
Ataman Ozgildirim
ICAP unit to pay 25 million to settle SEC fraud claim
ICAP Securities USA, the U S arm of Britain's ICAP PLC, agreed to pay 25 million to resolve civil fraud charges from the SEC over thousands of fictitious U S Treasury trades shown on its screens between December 2004 and December 2005. The firm did not admit or deny the allegations, was censured, and must hire an independent consultant to review controls and compliance.
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Icap Securities USA
U.S
U.S. Treasury Securities
Securities and Exchange Commission
Icap PLC
Britain
SEC
ICAP
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