Mazda names Americas head as CEO, as North America expansion in focus
TOKYO (Reuters) – Mazda Motor Corp has named the head of its Americas operations as its next president and CEO after its current chief steps down in June, as Japan’s fifth-largest automaker seeks to expand in North America, its biggest market.
Australia’s AMP at risk of hemorrhaging wealth clients: Macquarie
SYDNEY (Reuters) – AMP Ltd could see A$35 billion in investor outflows due to the hit to its reputation from board-level misconduct, analysts at Macquarie Group Ltd said on Friday, sending shares in the Australian wealth manager to a seven-year low.
Mazda says CEO to step down, vice president to take over
TOKYO (Reuters) – Mazda Motor Corp said on Friday that president and CEO Masamichi Kogai would step down and be replaced by Akira Marumoto, who currently serves as vice president and oversees operations in the Americas.
Asian stocks near three-week top, dollar eases after U.S. inflation
SYDNEY (Reuters) – Asian shares rallied on Friday as risk appetite got a boost from soft U.S. inflation, helping alleviate worries of faster rate hikes by the Federal Reserve, while investors also cheered U.S.-North Korean steps to further ease tension…
Insight: China’s multi-story hog hotels elevate industrial farms to new levels
YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head per floor in high-rise “hog hotels”.
Dropbox tops estimates in first results since IPO
(Reuters) – File sharing and storage company Dropbox Inc beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company.
News Corp revenue beats as digital push pays off
(Reuters) – News Corp , controlled by media mogul Rupert Murdoch, topped analysts’ estimates for quarterly revenue on Thursday as the company benefited from a rise in online subscriptions and strong performance in its digitial real estate business.
Exclusive: Hedge fund Third Point seeks to launch ‘blank-check’ company – sources
(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC is in talks with investment banks about launching a “blank check” company that would raise money in an initial public offering to pursue an acquisition, according to people familiar with the…
Symantec says annual report may be delayed due to investigation
(Reuters) – Symantec Corp said on Thursday its financial results and forecast may change based on the outcome of an internal investigation that was initiated after concerns were raised by a former employee.
Wall Street rallies and Apple approaches $1 trillion value
(Reuters) – Wall Street jumped on Thursday, and Apple inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year.
