A faulty ignition switch linked to at least 13 deaths in General Motors cars could cost as little as $2 to replace, according to an industry analyst.
... �. * To offer 22.2 million shares at $21-$24/share. * To list shares on NYSE under symbol "KING". * Shares scheduled to start trading on March 26 - underwriters.
Europe's main stock markets have closed down, with mining shares hit hard by renewed worries over China's economic outlook.
... �. * U.S. plans up to 5-mln-barrel release from crude reserve. * U.S. crude stocks +6.2 mln bbls vs +2.2 mln bbls forecast.
U.S. stocks traded mostly lower on Wednesday, as investors trimmed some exposure to riskier assets amid uncertainty about global growth.