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Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan's drive to galvanize its economy. British finance minister George Osborne said the finance ministers and central bankers meeting 40 miles outside London focused on unfinished bank reforms, with signs that plans for a euro zone banking union are fraying. "It is important to complete swiftly our work to ensure that no banks are too big to fail," Osborne told reporters after hosting a two-day meeting in a stately home set in rolling countryside. "We must put regimes in place ... to deal with failing banks and to protect taxpayers and to do so in a globally consistent manner," he said. The emergency rescue of Cyprus after a near meltdown in March served as a reminder of the need to finish an overhaul of the banking sector, five years after the world financial crisis began. Germany has come under pressure to give more support t

Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday. _0"> Included are 2006- to 2010-model-year Jeep Commanders and 2005 to 2010 Jeep Grand Cherokees, of which about 295,000 are in the United States, 28,500 are in Canada and 4,200 are in Mexico. The remaining 141,000 are outside of North America. Chrysler was aware of 26 accidents and 2 injuries related to the gearshift problem but no fatalities, a company spokesman said. It was Chrysler's largest recall since more than 900,000 Jeep Grand Cherokee and Liberty SUVs were recalled worldwide in November to fix a part that could cause airbags to deploy inadvertently. Chrysler, an affiliate of Italy's Fiat SpA ( id="symbol_FIA.MI_0"> FIA.MI ), also said it is recalling 532 2013-model-year Ram 1500 pickup trucks in t

After reports that users of the company's financial terminals were investigating potential leaks of confidential information, Bloomberg LP CEO Daniel Doctoroff said that the company had made a "mistake" by giving journalists access to data on clients' terminal usage. The financial information and news company sought to assure its customers that Bloomberg News journalists will no longer have any information about what users of its terminals are accessing. Bloomberg, whose financial data terminals are widely used on Wall Street, had allowed journalists to see some information, including when customers had last logged in, and how often they used messaging or looked up data on broad categories - such as equities or bonds. Doctoroff said in a statement on Friday that reporters, however, could not see which particular news stories clients read, or the specific securities they viewed. Goldman Sachs flagged the matter to Bloomberg in April after a Bloomberg reporter in

A record was set for French artist Chaim Soutine on Wednesday at Christie's auction of Impressionist and modern art, which met expectations with a total of just under $160 million. The tightly edited sale of 47 works exceeded Christie's auction a year ago by more than $40 million, but the earlier evening featured only 31 lots. Still, an impressive 94 percent of the works on offer found buyers which officials said was its best sell-through rate since 2006. "We saw high demand for blue-chip names such as Picasso and Monet," said Brooke Lampley, Christie's New York head of Impressionist and modern art.   "But we also saw an educated marketplace for rarities like the Soutine and Chagall," she added, referring to the evening's two top-priced works. Officials also pointed to global presence, saying more than 30 countries participated in the auction which totaled $158.5 million, near the middle of expectations of about $130 million to $190 million.

Actor Leonardo DiCaprio, the star of the new film "The Great Gatsby," and his foundation have teamed up with Christie's for a charity auction next week to benefit environmental causes. Thirty-three works, many created for and donated to the auction by some of the world's top artists, will go under the hammer on Monday in New York at The 11th Hour Auction, which aims to raise as much as $18 million to protect the last wild places on Earth and their endangered species.   "A lot of the works of this quality have never been at auction. We have what we believe are conservative estimates," Loic Gouzer, international specialist at Christie's and the head of the sale, said in an interview. "It is going to be the biggest one-time environmental fundraiser ever," he added. Zeng Fanzhi's "The Tiger," an oil on canvas, Bharti Kher's "The Skin Speaks a Language Not Its Own," a work on fiberglass, and Mark Grotjahn's &qu

Actor Leonardo DiCaprio, the star of the new film "The Great Gatsby," and his foundation have teamed up with Christie's for a charity auction next week to benefit environmental causes. Thirty-three works, many created for and donated to the auction by some of the world's top artists, will go under the hammer on Monday in New York at The 11th Hour Auction, which aims to raise as much as $18 million to protect the last wild places on Earth and their endangered species.   "A lot of the works of this quality have never been at auction. We have what we believe are conservative estimates," Loic Gouzer, international specialist at Christie's and the head of the sale, said in an interview. "It is going to be the biggest one-time environmental fundraiser ever," he added. Zeng Fanzhi's "The Tiger," an oil on canvas, Bharti Kher's "The Skin Speaks a Language Not Its Own," a work on fiberglass, and Mark Grotjahn's &qu

Actor Leonardo DiCaprio, the star of the new film "The Great Gatsby," and his foundation have teamed up with Christie's for a charity auction next week to benefit environmental causes. Thirty-three works, many created for and donated to the auction by some of the world's top artists, will go under the hammer on Monday in New York at The 11th Hour Auction, which aims to raise as much as $18 million to protect the last wild places on Earth and their endangered species.   "A lot of the works of this quality have never been at auction. We have what we believe are conservative estimates," Loic Gouzer, international specialist at Christie's and the head of the sale, said in an interview. "It is going to be the biggest one-time environmental fundraiser ever," he added. Zeng Fanzhi's "The Tiger," an oil on canvas, Bharti Kher's "The Skin Speaks a Language Not Its Own," a work on fiberglass, and Mark Grotjahn's &qu