Audit faults U.S. oversight of auto safety recalls, Takata inflators
A government audit released on Wednesday faulted the National Highway Traffic Safety Administration’s oversight of auto safety recalls and said its “delayed action” may have delayed the expansion of a record-setting callback of millions of vehicles for…
Airbus inks deal to sell passenger planes to Uganda
Airbus said on Wednesday it had signed an agreement to sell two commercial passenger planes to Uganda as part of the country’s plan to revive its national airline which has been defunct for years.
World stocks hit month peak; dollar firms to three-week high
A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies.
Wall Street traders set for best year since aftermath of crisis
Wall Street trading desks may have reached a post-crisis turning point, with revenue on track for the best year since 2011, second-quarter earnings reports from big U.S. banks showed.
U.S. tech enforcer says will read ‘closely’ EU statement on Google
The head of the U.S. Federal Trade Commission, which has investigated Alphabet’s Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe’s recent decision to fine the company 4.34 billion euros ($5 billion)…
Berkshire shares surge as Buffett wins more power for stock buybacks
Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate’s board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash.
Hyundai sets up showroom on Amazon
Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews.
Uber names new privacy chief, data protection officer
Uber Technologies Inc [UBER.UL] appointed Ruby Zefo as chief privacy officer and Simon Hania as data protection officer, a company spokeswoman told Reuters on Wednesday.
Morgan Stanley CEO declares broker recruiting wars over
A subtle peace has emerged in Wall Street’s long-running broker recruiting wars, Morgan Stanley Chief Executive Officer James Gorman said on Wednesday.
Fed’s Powell quizzed again on trade risks by U.S. House
Federal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S. and global expansion that appears largely on track to continue…
