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BlackRock cuts stake in Italian lender Monte Paschi

MILAN (Reuters) - Asset manager BlackRock has cut its stake in Monte dei Paschi di Siena less than a month after becoming the Italian bank's single biggest shareholder, raising questions over who will buy into the  learn more …

Settlement time for U.S. trades closer to being shortened

NEW YORK (Reuters) - The Depository Trust & Clearing Corporation, which processes all U.S. stock and fixed income trades, said on Wednesday it supports shortening the settlement cycle for U.S. equities, corporate and  learn more …

GM said it has shipped thousands of replacement ignition switches

DETROIT (Reuters) - General Motors Co on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths. Continue to source to read more. Source:  learn more …