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(MENAFN - AFP) General Motors said Monday that at least 97 deaths are linked to faulty ignition switches on some of its cars as the largest US automaker weighs compensation claims.

The GM independent compensation fund said that 45 death claims remained under review as of last Friday. The death toll rose from 90 confirmed claims in the prior week.

The fund, administered ...

 
(MENAFN - AFP) Greece called Monday for its creditors to give it a bit of financial breathing room thanks to renewed progress in talks, warning there was no money left to keep paying off its debt and run the government.

"The progress made should act as a passport for easing the financing of the Greek economy," said Gabriel Sakellaridis, spokesman for Greek Prime Minister ...

 
(MENAFN - AFP) European stock markets rose on Monday, boosted by a weaker euro, as investors also looked forward to important corporate results and economic data due out this week.

Frankfurt's DAX 30 index climbed 1.44 percent to 11,619.85 points and the CAC 40 in Paris added 0.70 percent to 5,081.97.

Trading was closed in London due to a holiday.

Madrid's Ibex-35 ...

 
(MENAFN - AFP) A meningitis epidemic in poverty-stricken Niger has claimed 252 lives since January, a health official said Monday, warning the country was short of vaccines to fight the outbreak.

"As of May 3, 252 people died out of a total of 3,304 cases," said Niger's epidemics surveillance and response director Goumbi Kadade.

Less than two weeks ago, the government ...

 
(MENAFN - AFP) Indian billionaire Sunil Mittal's Bharti Retail will merge with rival Future Retail to create one of India's biggest chains with more than 570 stores across the country, the companies said Monday.

Two companies will be formed under the structure of the deal, which was approved by the boards of Bharti and Future, in a bid to cash in on India's growing retail ...

 
(MENAFN - AFP) US factory orders rebounded in March after seven straight months of declines, pushed higher by commercial and defense aircraft orders, the Commerce Department reported Monday.

New orders for manufactured goods leaped 2.1 percent in March to $476.5 billion, after a 0.1 percent decline in February. The February number previously was estimated as a 0.2 percent ...

 
(MENAFN - AFP) Cisco Systems said Monday that chief executive John Chambers, who built the company into a global networking power, will become executive chairman and be replaced as CEO by Chuck Robbins.

Chambers, CEO since 1995 and board chair since 2006, oversaw the company's growth from a modest tech company to a global giant with nearly $50 billion in annual revenues, ...

 
(MENAFN - AFP) McDonald's said Monday it would vastly restructure its international operations and sell off more company-owned restaurants to franchisees as it strives to reverse a trend of sagging sales.

The US fast-food burger giant said its overseas markets will be organized by their maturity within the McDonald's system, rather than by region. Its current structure splits ...

 
(MENAFN - AFP) Dow Chemical said Monday it would slash about 3 percent of its global workforce as a result of its deal to hive off chlorine activities into a new company.

The Dow Chemical Company said the layoffs will affect 1,500 to 1,750 jobs. It also announced "minor" adjustments to certain manufacturing facilities, including shutting some down, part of a $1 billion restructuring ...

 
(MENAFN - AFP) US stocks opened higher Monday riding a global wave of market gains helped by more indications of economic life in Europe.

Thirty minutes into trade, the Dow Jones Industrial Average was up 93.48 points (0.52 percent) at 18,117.54.

The broad-based S&P 500 rose 11.50 (0.55 percent) to 2,119.79, while the tech-rich Nasdaq gained 34.00 points (0.68 percent) ...

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