U.S. senators question extent of Ford ‘Do Not Drive’ warning on airbags
WASHINGTON (Reuters) – Two senators asked the U.S. Transportation Department on Thursday to explain why a “do not drive” directive issued last week by Ford Motor Co is limited to about 2,900 older pickup trucks and if other vehicles are potentially at…
Apple says it will decide new campus site without an auction
(Reuters) – Apple Inc said on Thursday that it will not hold a bidding process when it chooses the site for a planned new U.S. campus, marking a stark difference from the public contest that Amazon.com Inc has held for its second headquarters.
Tax overhaul leads AmEx to first loss in 26 years, suspend buybacks
(Reuters) – Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax overhaul.
IBM’s first revenue rises in nearly six years tops estimates
(Reuters) – International Business Machines Corp’s revenue rose for the first time in 23 quarters and beat analysts’ estimates as the company’s shift into its focus areas such as cloud computing and security services gains traction.
Exclusive: Boeing willing to preserve Brazil’s ‘golden share’ in Embraer deal
BRASILIA (Reuters) – Boeing Co is working to overcome the Brazilian military’s objections to its proposed tie-up with Embraer SA with alternatives that would preserve the government’s strategic veto rights and ensure safeguards for its defense progra…
AmEx posts first loss in 26 years on tax charge, suspends buybacks
(Reuters) – American Express Co posted its first quarterly loss in 26 years, due a $2.6 billion charge related to the U.S. tax law overhaul and the credit card issuer also said it would suspend its share buyback program for the first half of 2018.
Judge tosses GM settlement on ignition switch
NEW YORK (Reuters) – A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable.
Wall St. ends lower as industrial shares weigh
NEW YORK (Reuters) – Wall Street ended lower on Thursday as losses in industrial stocks and interest-rate sensitive sectors offset marginal gains in tech stocks.
Wells Fargo says resolved payment duplication glitch
(Reuters) – Wells Fargo & Co said on Thursday it resolved an internal processing error that resulted in customers’ online bill payments being processed twice.
Uber-SoftBank deal has closed, making SoftBank largest shareholder
SAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controvers…
