WASHINGTON (Reuters) – Honda Motor Co said on Friday it had confirmed a 16th U.S. death has been tied to a faulty Takata air bag inflator. FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon The Japanese…
Month: March 2019
Daimler asks EU antitrust regulators to probe Nokia patents
BRUSSELS (Reuters) – German carmaker Daimler has complained to EU antitrust regulators about Nokia patents essential to car communications, a move underlining the tensions between tech companies and the car industry on the use of key technologies. FILE PHOTO: The first fully electric Mercedes car EQC is seen at a presentation in…
Factbox: Five challenges in store for Wells Fargo’s next CEO
(Reuters) – Wells Fargo & Co’s board started its official search for a new chief executive officer on Friday after announcing the abrupt departure of CEO Tim Sloan a day earlier. What are some of the challenges a new CEO will have to tackle? Asset Cap: Sloan’s successor will have to satisfy…
Saudis gained access to Amazon CEO Bezos’ phone: Bezos’ security chief
FILE PHOTO: Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, U.S., September 13, 2018. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – The security chief for Amazon chief executive Jeff Bezos said on Saturday that the…
Trump tries fresh approach with long-delayed Keystone XL pipeline
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana. FILE PHOTO:…
Facebook CEO calls for updated internet regulations
FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s use and protection of user data on Capitol Hill in Washington, U.S., April 11, 2018. REUTERS/Aaron P. Bernstein/File Photo WASHINGTON (Reuters) – Facebook Chief Executive Mark Zuckerberg called on Saturday for regulators to play…
South Africa’s Denel may wind down manufacturing for Airbus A400M
FILE PHOTO: An Airbus A400M aircraft flies during a display on the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 19, 2017. REUTERS/Pascal Rossignol/File Photo JOHANNESBURG (Reuters) – South African state arms company Denel is in talks with Airbus about winding down production of…
Apple, in rare reversal, pulls plug on wireless charging mat
FILE PHOTO: Apple Senior Vice President of Worldwide Marketing, Phil Schiller, shows the AirPower wireless charging mat during a launch event in Cupertino, California, U.S. September 12, 2017. REUTERS/Stephen Lam/File Photo (Reuters) – Apple Inc on Friday said it is canceling the AirPower wireless charging mat that the company announced in 2017…
India’s cash-strapped Jet Airways to pay December salaries
FILE PHOTO: Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 26, 2019. REUTERS/Francis Mascarenhas/File Photo NEW DELHI (Reuters) – Indebted Indian carrier Jet Airways will pay December salaries to pilots and aircraft maintenance engineers but for now cannot pay more recent overdue wages,…
Brazil automaker CAOA signs agreement with Ford over plant purchase: source
The Ford logo is seen at the Ford oldest Brazil plant after company announced its closure in Sao Bernardo do Campo, Brazil February 21, 2019. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Brazilian automaker CAOA has signed a confidentiality agreement to negotiate a potential purchase of Ford Motor Co’s plant in the industrial…
U.S. investors seek comfort in flood of data
NEW YORK (Reuters) – Wall Street will be watching next week’s economic data with a laser focus after a dismal February jobs report and recessionary warning signals from U.S. Treasury yields. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid…
Exclusive: Trump eyeing stepped-up Venezuela sanctions for foreign companies – Bolton
WASHINGTON (Reuters) – U.S. President Donald Trump is considering imposing sanctions on companies from other countries that do business with Venezuela to cut off revenues to President Nicolas Maduro, Trump’s national security adviser John Bolton told Reuters TV on Friday. “We’re moving exactly in that direction,” Bolton said when asked whether Trump…
Outsider CEO won’t be a quick fix for Wells Fargo: analysts
(Reuters) – Wells Fargo & Co’s plan to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said. FILE PHOTO: A Wells Fargo logo is seen in New York…
Take Five: The shape of you – world market themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2019. REUTERS/Brendan McDermid 1/ YIELD CURVEBALLS Which is…
Southwest to keep Boeing 737 MAX off schedules through May instead of April 20: company memo
FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake SEATTLE (Reuters) – Southwest Airlines Co said on Friday it was pulling its Boeing Co 737 MAX jets from flight schedules through May, extending…
Trade hopes lift Wall Street; S&P 500 notches best quarter since 2009
NEW YORK (Reuters) – U.S. stocks ended the final trading day of the first quarter on a strong note on Friday and the S&P 500 posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China. Traders work on the…
White House calls for Fed to reverse U.S. rate hikes
WASHINGTON/NEW YORK (Reuters) – U.S. President Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market. U.S. President Donald Trump talks to reporters at his Mar-a-Lago estate in Palm Beach, Florida, U.S., March…