Lured by rising SUV sales, automakers flood market with models
NEW YORK (Reuters) – Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is growing even faster, threatening the fat profits automakers have enjoyed.
Asia shares sag on lingering tech woes, dollar retreats after surge
TOKYO (Reuters) – Asian stocks sagged on Thursday after Wall Street slumped on an extended sell-off in tech firms, while the dollar dipped as it lost some momentum after surging to a one-week high.
VW storing around 300,000 diesels at 37 facilities around U.S.
(Reuters) – Volkswagen has taken parking lots to a whole new level in the United States and will not be emptying them soon.
China warns U.S. not to open Pandora’s Box, unleash trade ills on world
BEIJING (Reuters) – China warned the United States on Thursday not to open Pandora’s Box and spark a flurry of protectionist practices across the globe, even as Beijing pointed to U.S. goods that it could target in a deepening Sino-U.S. trade dispute.
Asia shares sag on lingering tech woes, yen lower
TOKYO (Reuters) – Asian stocks sagged on Thursday after a tech-led retreat on Wall Street while the safe haven yen was broadly lower against the dollar on Thursday amid perceived progress on North Korea issues.
Facebook cuts ties to data brokers in blow to targeted ads
(Reuters) – Facebook Inc said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook handles personal information.
Japanese drugmaker Takeda shares tumble as company considers bid for Shire
TOKYO (Reuters) – Takeda Pharmaceutical shares sank to their lowest level in almost a year on Thursday after Japan’s largest drugmaker said it was considering a bid for London-listed Shire that could top $40 billion.
Asia stocks edge up, yen drops amid perceived progress on North Korea issues
TOKYO (Reuters) – Asian stocks edged up and the safe haven yen was broadly lower against the dollar on Thursday amid perceived progress on North Korea issues, although equity gains were limited after a tech-led retreat on Wall Street.
GM Korea to ask GM to roll over debt, cut interest rate: source
SEOUL (Reuters) – General Motors’ South Korean unit plans to ask its U.S. headquarters to roll over a debt of 988 billion won ($929.1 million) owed by the loss-making unit and coming due in April, a source with direct knowledge of the matter told Reut…
AT&T judge warns parties to hurry to make June 21 deadline
(Reuters) – U.S. judge Richard Leon on Wednesday warned attorneys for the Department of Justice and AT&T Inc to speed up the trial over the proposed merger of the large telecommunications company and Time Warner Inc, or risk missing the June 21 deadline to complete the deal.
