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By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said it is recalling 98,500 older Ranger pickup trucks in the United States because replacement front passenger air bag inflators may have been installed incorrectly. The new recall covers 2004-2006 model year Ranger trucks recalled in 2017 and 2018 to replace a small number of inflators that were installed incorrectly. Those original replacement inflators were replacing Takata versions that are at risk […]

By Lawrence Delevingne and Marc Jones (Reuters) -Stock markets were mixed on Thursday, pressured by rising bond market costs as stubbornly high European inflation and U.S. jobless claims data fuelled expectations of more global interest rate rises. European shares rose slightly after sagging to a one-month low by the time euro zone inflation numbers justified what is widely expected to be another 50 basis point hike in the European Central […]

By Chris Prentice MIAMI (Reuters) -The U.S. Justice Department is rolling out a new policy aimed at pushing the cost of corporate crime into the pockets of executives, the latest in a series of changes at the agency under President Joe Biden. The agency’s criminal division will give discounts on fines for companies that seek to claw back compensation from corporate wrongdoers, Deputy Attorney General Lisa Monaco said at a […]

(Reuters) – Blackstone Inc has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, Bloomberg News reported on Thursday. “This debt relates to a small portion of the Sponda portfolio,” Blackstone said in an emailed statement on Thursday. “We are disappointed that the Servicer has not advanced our proposal,” it added. Commercial mortgage-backed securities or CMBS are bonds […]

WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s lone Republican commissioner, Christine Wilson, will step down from her role at the end of March, she said in a letter to President Joe Biden on Thursday, in which she criticized FTC Chair Lina Khan. (Reporting by Kanishka Singh in Washington; Editing by Doina Chiacu) Brought to you by www.srnnews.com

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointed to a strong U.S. jobs market that along with other data showing growing labor costs indicates the Federal Reserve will keep interest rates higher for longer. The yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 at 4.944% as the […]

WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s lone Republican commissioner, Christine Wilson, will step down from her role at the end of March, she said in a letter to President Joe Biden on Thursday, in which she criticized FTC Chair Lina Khan. (Reporting by Kanishka Singh in Washington; Editing by Doina Chiacu) Brought to you by www.srnnews.com

CHICAGO (AP) — A Chicago police officer has died after being wounded during a shootout while responding to a call of a man chasing a woman with a gun, authorities said. The officer was shot several times Wednesday afternoon on the city’s Southwest Side, Chicago Police Department Superintendent David Brown said. His name was not immediately released because relatives were still being notified. “At close range shots were exchanged between […]

LOS ANGELES (AP) — Emergency crews in California scrambled Wednesday to shuttle food and medicine to mountain communities stranded by back-to-back winter storms that have dumped so much snow some residents can barely see out their windows. In San Bernardino County east of Los Angeles, around-the-clock plowing is underway but it could take more than a week to reach some areas, said Dawn Rowe, chair of the county’s board of […]