Fiat Chrysler CEO reprimands colleague for commenting on emissions
WASHINGTON (Reuters) – Fiat Chrysler Chief Executive Officer Sergio Marchionne reprimanded the company’s top U.S. spokesman for issuing press releases about Fiat’s vehicle emissions practices days after Volkswagen’s disclosure in September 2015 that t…
Despite gun debate, Sturm Ruger board faced little opposition
BOSTON (Reuters) – Gunmaker Sturm Ruger & Co directors faced little opposition at its recent board election, a securities filing showed on Monday, despite its policy of not talking with shareholders even in the midst of a national debate over gun control.
Asia stocks step back on tepid Wall Street, oil elevated
TOKYO (Reuters) – Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from U.S.-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs.
Toys ‘R’ Us to sell Geoffrey the Giraffe, and sex-toys-r-us.com
WILMINGTON, Del (Reuters) – Next month, Toys ‘R’ Us is putting its famous mascot, Geoffrey the Giraffe, on the auction block. Also up for sale: sex-toys-r-us.com.
J&J defends itself in trial over baby powder asbestos claims
(Reuters) – A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the latest case against the healthcare conglomerate and a supplier over their talc-based products.
Study finds Uber’s growth slows after year of scandal; Lyft benefits
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday.
NAFTA ‘hot topics’ unresolved as deal deadline looms, says U.S. official Ross
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday that none of the contentious issues in a new NAFTA trade deal appear to have been resolved, diminishing chances of meeting a Thursday deadline to notify U.S. lawmakers of an agre…
Trump defends intervention to help China telecom company ZTE
WASHINGTON (Reuters) – President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers.
Gaming investors eye jackpot from U.S. sports betting ruling
New York (Reuters) – Shares in gaming and casino companies jumped on Monday, led by Scientific Games Corp , as investors wagered on new business opportunities for the industry after the U.S. Supreme Court paved the way for states to legalize sports bet…
Wall St. ekes out gains as trade optimism pressured by defensive stocks
NEW YORK (Reuters) – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp that calmed the waters of U.S.-China …
