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Bankia compensation qualms signal loss of faith in Spain's banks
 | By Sonya Dowsett MADRID (Reuters) - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. The disputes over mis-selling at Bankia and other nationalized banks have created a major headache for the government as it tries to take the next step in their rescue, imposing large losses on holders of junior debt. ...
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GM gearing up for big ad push for crucial new pickups: executive
 | By Ben Klayman DETROIT (Reuters) - The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday. Mark Reuss, head of GM's North American operations, said the launch of the 2014 Silverado and GMC Sierra pickups is going "really good" and there had been no hiccups to slow the rollout. ...
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Caterpillar machinery sales down 9 percent in April, led by Asia
 | CHICAGO (Reuters) - Caterpillar Inc said on Monday that retail demand for its construction and mining equipment continued to be sluggish in April, though the sales picture appeared to be improving in almost every market outside North America. The Peoria, Illinois-based company said worldwide dealer sales of its earth-moving machines fell 9 percent in April from the prior year. That represented an improvement from March, when sales were down 11 percent, and February, when sales were down 13 percent. ...
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