Bloomberg General Motors Co. (GM) agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents. The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009. Under the settlement, which was ...

Bloomberg Irish unemployment may surge to the highest level since the 1980s, as the coronavirus takes an unprecedented toll on the economy. The jobless rate could rise 18% in the second quarter, the government-backed ESRI think-tank said, should current restrictions remain in place for 12 weeks as planned. About 350,000 people would lose their jobs, the think tank said, with ...

Bloomberg The French government said it will cut or withhold financial support from companies paying dividends and urged boards to preserve liquidity to support staff and operations amid the economic fallout from the coronavirus. All companies that have delayed tax payments will have to reimburse the state and pay penalties if they proceed with dividends, Finance Minister Bruno Le Maire ...