Fiat Chrysler CEO approached GM about a merger, was rebuffed -NYT May 23- As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday. During his presentation on April 29, Marchionne said that if traditional...
GM facing criminal charges over ignition woes Federal prosecutors have identified criminal wrongdoing in G.M.'s failure to disclose a car defect, and may impose a record penalty, the NYT reports.
Source: The New York Times
| By: Danielle Ivory, Ben Protess and Bill Vlasic
Automakers to reveal models covered by wider air bag recall DETROIT- Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp.. On Tuesday, the U.S. National Highway Traffic Safety Administration announced a deal with Takata to declare millions of its air bag inflators defective and expand the recall from 17 million to 33.8 million.
Source: The Associated Press
| By: By TOM KRISHER, AP Auto Writer
Hampton Creek CEO: Moment to make food biz better According to the New York Times, major food companies are turning to Hampton Creek for its powdered egg substitutes as a way to solve the current egg shortage. Insight, with founder and CEO Josh Tetrick.
4 plays on summer vacation stocks "Fast Money" traders discussed stocks that will benefit from warm weather and travel, including Walt Disney and Boston Beer.
| By: Jacob Pramuk
These 7 stocks are like giant piggy banks If you like cash, you'll love seven stocks in the S&P 500 where cash and investments account for 40% or more of their stock prices, USA Today reports.
Source: USA Today
| By: Matt Krantz
Two HPs better than one: Meg Whitman CNBC's David Faber talks to Meg Whitman, Hewlett-Packard CEO, about the benefits of splitting HP, the companies' growth potential, currency headwinds, softness in the HP market, the outlook on 3-D printing, doing business in China, dealing with security issues, and recent top-tier personnel changes.