Nissan plans to file for damages against Ghosn: source
Nissan Motor Co Ltd plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to the high-profile executive’s legal headaches.
Asia shares subdued after May’s Brexit vote defeat, pound steadies
Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to withdraw Britain from the European Union….
Sears chairman’s takeover proposal faces moment of truth
Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the com…
Verizon deepens ties with Apple, offers free Apple Music to some U.S. customers
Verizon Communications Inc said on Tuesday it will include free Apple Music subscriptions in some of its top-tier U.S. data plans, deepening its ties with the iPhone maker.
Oil prices dip on signs of economic slowdown, but OPEC-led cuts provide support
Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel.
Asia shares subdued, May’s Brexit options eyed after crushing vote defeat
Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union….
USTR promises exclusion process for higher tariffs if China talks fail
U.S. Trade Representative Robert Lighthizer has assured lawmakers that companies will be able to request exclusions on tariffs on $200 billion worth of goods under discussion with Beijing if talks do not yield a deal by the March 2 deadline.
Nordstrom’s full-price comparable sales for holiday season disappoints
(This Jan. 15 story corrects to fix Nordstrom’s full-year adjusted profit forecast)
Industry must rein in spend on electric, self-driving cars: Magna CEO
Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday.
Snap CFO Tim Stone to resign, shares drop 8 percent
Chief Financial Officer Tim Stone will be leaving Snap Inc less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year.
