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Reuters: Business News

Cadillac considers moving some functions to Manhattan

DETROIT (Reuters) - General Motors Co's premium Cadillac group is considering expanding its offices from Detroit to Manhattan, GM said Thursday, as part of an effort to remake the brand's image and broaden its appeal outside North America under new boss Johan de Nysschen.

Posted: Thu 21st of August, 2014

EBay considering PayPal spinoff: report

(Reuters) - EBay Inc is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources.

Posted: Thu 21st of August, 2014

Bank of America settles mortgage probes for $16.65 billion

WASHINGTON/NEW YORK (Reuters) - Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank close a major chapter tied to the financial crisis.

Posted: Thu 21st of August, 2014


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